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Sterling Slips as Dollar Stands Tall
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Yen Tanks 1.9% After BOJ Sticks to Stimulus, Franc Climbs Again
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Swiss Franc in Biggest Daily Jump Since 2015 After Rate Hike
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Sterling Edges up After BoE’s Tentative Rate Hike
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...
Dollar Eases Ahead of Fed Interest Rate Decision
Date: June 15, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged lower against a basket of currencies on Wednesday but remained near the two-decade high touched in the previous session as traders awaited an interest rate decision from the U.S. Federal Reserve later in the session. An ad-hoc European Central Bank policy meeting helped lift...
Bitcoin Sinks to Fresh 18-month Low as Crypto Meltdown Deepens
Date: June 15, 2022
By Tom Wilson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) -Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72, its lowest since December 2020....
Euro Jumps as ECB Holds Unscheduled Meeting, Dollar Awaits Fed Move
Date: June 15, 2022
By Samuel Indyk LONDON (Reuters) – The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, hours ahead of a closely-watched meeting of the U.S Federal Reserve. The European common currency rose as to as high as...
Pound Reclaims $1.20 but Headwinds Keep Blowing
Date: June 15, 2022
LONDON (Reuters) – Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, but the reprieve could prove temporary with slowing UK economic growth and a potential trade conflict with the European Union weighing on the currency. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and...
Bitcoin Tumbles as Crypto Sell-Off Accelerates
Date: June 15, 2022
By Tom Wilson LONDON (Reuters) – Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a sharp fall in crypto markets sparked by crypto lender Celsius freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has...