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Sterling Enjoys a Small Lift as Boris Johnson Quits
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Euro Just Off Two-Decade Low, Volatility at Highest Since March 2020
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Dollar Continues Dream Run, Little Stands in Its Way
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Sterling Edges Back Towards More Than 2-year Lows vs Dollar as Boris Johnson Clings to Power
Euro Falls to Lowest Since 2002 on Concerns Over Energy Prices
Date: July 6, 2022
By Stefano Rebaudo (Reuters) -The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs. All oil and gas fields that were affected by a strike in...
Global Markets Steady but Recession Fears Remain
Date: July 6, 2022
By Tom Wilson, Sam Byford and Tom Westbrook LONDON/SINGAPORE/TOKYO (Reuters) – Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier. The single currency traded at $1.025, a fraction above its weakest...
5 Key Forex Trading Pros Worth Considering
Date: July 5, 2022
Forex trading is a phenomenon that’s spread throughout the world like wildfire. It offers eager individuals the chance to invest their money strategically to reap some rewards. However, never think of forex trading as a get-rich-quick scheme, rather research and learn as much as you can to make informed decisions – there is a lot...
Sterling Jumps vs Euro, Slips vs Dollar in Thin July Trade
Date: July 5, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Tuesday against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path. With some liquidity expected to return to the foreign exchange market later in the day...
Safe-Haven Demand Knocks Risk-Sensitive British Sterling
Date: July 1, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Friday against the dollar and Swiss franc as renewed fears of a global recession knocked the risk sensitive British currency. After its biggest six-month decline since 2008 against the U.S. dollar, risk sensitive sterling fell 0.5% against the greenback to $1.21140 and 0.3% versus the Swiss...
Analysis-Japan Widens Fx Watch to Include Risk of Yen Spike as U.S. Recession Fears Mount
Date: July 1, 2022
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling that currency-market intervention is less likely than some investors expect. Japan has stepped up its warnings about sharp yen falls including a rare joint...