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Dollar Retreats as Investors Reach for Riskier Currencies
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Euro and Yen Rebound vs Dollar, Swiss Franc Gains on Inflation Jump
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Dollar Advances vs Euro as Upbeat U.S. Data Lends Support
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Dollar Edges up Against Euro, Hits Two-Week High vs Yen
Sterling Steady Near One-Month High
Date: May 30, 2022
LONDON (Reuters) – The British pound traded little changed against a faltering U.S. dollar on Monday but was still set for its first monthly gain in five as the risk-sensitive currency benefited from improving sentiment. As markets have readjusted their rate hike expectations from the Federal Reserve lower, the dollar index has weakened over 3.5%...
Dollar Drifts Toward Monthly Loss as Fed Bets Ease
Date: May 30, 2022
By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. The week ahead is full...
Dollar Drifts up but Set for Biggest Weekly Drop in 4 Months
Date: May 27, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A...
Sterling Heads for Second Weekly Gain After UK Household Support Plan
Date: May 27, 2022
LONDON (Reuters) – Britain’s pound looked set for a second weekly rise and was close to a one-month high on Friday, helped by a large government spending package to support households and which economists said should support the economy in the short term. The government on Thursday announced a 25% windfall tax on oil and...
Dollar Eases as Traders Scale Back Bets on Fed Tightening
Date: May 26, 2022
By John McCrank NEW YORK (Reuters) – The U.S. dollar dipped on Thursday after minutes from the Federal Reserve’s May meeting pointed to additional 50 basis point interest rate hikes in June and July but left wiggle room for the central bank to slow the tightening cycle in the second half of the year. The...
Pound Touches 3-week High, UK Household Support Plan in Place
Date: May 26, 2022
By Dhara Ranasinghe LONDON (Reuters) -Sterling briefly touched its highest level in three weeks on Thursday, with the UK government’s latest measures to help alleviate a cost of living crisis seen supporting the economy in the short term. Britain announced a 25% windfall tax on oil and gas producers’ profits, alongside a 15 billion pound...