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U.S. Dollar Rallies to More Than 2-year Hike on Steep Fed Rate Hike Outlook
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Pound Tumbles to 18-mth Low as Retail Sales, Consumer Confidence Slump
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European Stocks Down, Yen Hits 20-year Low as US Hikes Loom
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U.S. Dollar Continues to Garner Support From Fed Hike Expectations
Japan’s Yen Bounces Briefly After Kuroda Comments
Date: April 18, 2022
By Vidya Ranganathan SINGAPORE (Reuters) – The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan...
Euro Hovers Near Two-Year Low vs Dollar as ECB Disappoints Markets
Date: April 14, 2022
By Hannah Lang (Reuters) – The euro plunged to a two-year low against the U.S. dollar on Thursday as comments from European Central Bank President Christine Lagarde were viewed as a sign that the ECB was in no rush to raise interest rates, in contrast with an aggressive monetary policy tightening effort by the U.S....
Short-Dated Yields, Euro Fall as ECB Refrains From Naming Stimulus Rollback Date
Date: April 14, 2022
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -Short-dated euro zone bond yields and the single currency fell on Thursday as traders pared back rate hike bets after the European Central Bank signalled a steady reduction of stimulus and refrained from switching to a more hawkish stance. Bond yields have marched higher in recent weeks...
U.S. Dollar Climbs to Near 20-year Peak vs Yen as More Fed Hikes Loom
Date: April 13, 2022
By Hannah Lang and Saikat Chatterjee WASHINGTON/LONDON (Reuters) – The U.S. dollar soared to a nearly 20-year high against a sluggish yen on Wednesday, as aggressive tightening from the Federal Reserve contrasted sharply with the Bank of Japan’s ultra-loose monetary policy. The greenback rose as high as 126.32 yen, its strongest level since June 2002....
Japanese Yen Falls to 20-year Low as Dollar Outlook Bright
Date: April 13, 2022
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest...
Sterling Drops to Lowest Since Nov 2020 After UK Inflation Data
Date: April 13, 2022
By Joice Alves LONDON (Reuters) – Sterling dropped on Wednesday to its lowest level against the U.S. dollar since November 2020 as British consumer price inflation leapt to its highest level in three decades. Raising doubts on how aggressive the Bank of England tightening measures will be, British consumer prices jumped to an annual rate...