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Pound Gains, but Focus Stays on Struggling UK Economy
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Euro Drops Against U.S. Dollar Amid Renewed Safe-Haven Demand
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Further Pain in Store for Asian Currencies After Turbulent First-Half
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Buckle Up: How Investors Can Deal With Crypto Turbulence
Rouble Hits 7-year Peak vs Dollar After West Says Russia in Default
Date: June 28, 2022
MOSCOW (Reuters) – The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century. The White House and Moody’s credit agency said Russia has defaulted...
Sterling Holds Ground Despite Brexit Risks and Economic Woes
Date: June 28, 2022
By Lucy Raitano LONDON (Reuters) – The British pound ticked higher against the dollar on Tuesday and was stable against the euro, even amid flaring Brexit-related risks and a murky economic backdrop. After flattish early trading, by 0846 GMT the currency was up 0.16% versus the dollar at $1.22850, and 0.06% lower against the euro...
Bitcoin Miners Sell Their Holdings Amid Crypto Winter’s Chill
Date: June 27, 2022
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability. The number of coins miners are sending to crypto exchanges has been steadily climbing since June 7, researchers at MacroHive noted,...
Dollar Stumbles as Markets Reassess Rate Bets, Eye ECB
Date: June 27, 2022
By Saikat Chatterjee and Hannah Lang LONDON and WASHINGTON (Reuters) – The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a broader decline. Aggressive rate hike bets have boosted the dollar with an index rising...
Volatile Rouble Pares Intraday Losses as Russia Slips Into Default Zone
Date: June 27, 2022
MOSCOW (Reuters) – The rouble pared early losses in volatile Moscow trade on Monday as Russia looked set for its first sovereign default in more than a century after a payment deadline expired and the West promised more actions against Moscow over the Ukraine conflict. A 30-day grace period for bondholders to receive $100 million...
U.S. Dollar Slides as Markets Re-Evaluate Fed Rate Path
Date: June 24, 2022
By Sujata Rao and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession....