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Euro rises with focus on ECB, dollar retreats
Trading
Sterling gains, on track to snap 3-week losing streak
Trading
Crypto industry fears contagion as bitcoin slips under $20,000
Trading
Yen tanks as BOJ sticks to stimulus, caps volatile week for FX
Market positioning suggests more pain for equities despite rout – BofA
Date: June 17, 2022
By Saikat Chatterjee LONDON (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial markets in 2020, signalling extreme bearishness as investors dumped credit and crypto assets. Though U.S. stocks confirmed a bear market this week that began in January this year and...
Sterling slips as dollar stands tall
Date: June 17, 2022
By Tom Wilson LONDON (Reuters) – Sterling slipped on Friday against a strengthening U.S. dollar, giving up gains made a day earlier after the Bank of England raised interest rates. The pound fell as much as 0.5% against the dollar to $1.2290, off from a one-week high of $1.2405 touched a day earlier. It was...
Yen tanks 1.9% after BOJ sticks to stimulus, franc climbs again
Date: June 17, 2022
LONDON/TOKYO (Reuters) – The Japanese yen fell as much as 1.9% on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-low interest rate stance, as currency markets looked set for another volatile session after a spate of rate hikes this week. The Swiss National Bank’s surprise decision to...
Swiss franc in biggest daily jump since 2015 after rate hike
Date: June 16, 2022
By Joice Alves and Julien Ponthus LONDON (Reuters) -Switzerland’s franc soared on Thursday after the Swiss National Bank took markets by surprise with a large interest rate hike, putting the currency on track for its biggest one-day rise against the euro in more than seven years. The central bank had broadly been expected to stand...
Sterling edges up after BoE’s tentative rate hike
Date: June 16, 2022
By Lawrence White LONDON -Sterling rose on slightly on Thursday, recouping losses earlier in the day after the Bank of England (BoE) raised interest rates by 25 basis points and confounded forecasts by some market participants of a bigger hike to fight soaring inflation. The pound was last up 0.29% on the day at $1.2212...
ECB to devise new tool to help indebted euro zone members
Date: June 15, 2022
(Reuters) – The European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears a new debt crisis on the bloc’s southern periphery but appears to have disappointed investors looking for a more decisive step. MARKET REACTION: The euro fell around a half a percent against the dollar on...