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Dollar index slips from 20-year high, Fed rate path in focus
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Sterling hits new lows against dollar and euro after BoE
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Dollar index hits 20-year high, sterling tumbles on dovish BoE
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Pound skids 2% on BoE recession warning, biggest daily fall since 2020
Dollar bounces, sterling tumbles on dovish BoE
Date: May 5, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar rebounded on Thursday but held below 20-year highs reached last week, a day after the Federal Reserve affirmed that it would take aggressive steps to combat soaring inflation but played down the prospect of even larger rate hikes. The greenback dropped sharply on Wednesday after Fed...
Russian rouble hits highest level since March 2020; sanctions talk in focus
Date: May 5, 2022
(Reuters) -The Russian rouble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow. The volatile currency hit a high of 65.31 per dollar in early trading on the Moscow Exchange but...
Euro’s post Fed glow fades on bleak German industrial orders
Date: May 5, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro pulled back from a one-week high against the U.S. dollar on Thursday after German industrial orders fell more than expected in March, signalling Europe was facing growing headwinds from the war in Ukraine. The dollar had weakened after the Fed raised interest rates by 50 basis points....
Sterling drops back towards 21-month lows before BoE decision
Date: May 5, 2022
(Reuters) – The British pound fell on Thursday against a rebounding dollar before a key policy announcement from the Bank of England and after the U.S. Federal Reserve delivered its biggest rate hike in 22 years. BoE policymakers are expected to raise interest rates for the fourth consecutive meeting, the first such run since 1997,...
Dollar slips before expected Fed rate hike
Date: May 4, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve meeting, as investors evaluated how much expected U.S. central bank hawkishness is already priced into the greenback. The Fed is expected to hike rates by 50 basis points, which would...
Dollar dips before Fed announcement, Aussie gains after rate hike
Date: May 3, 2022
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20-year high last week on expectations the U.S. central bank...