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Peace talks send euro higher, overshadowing expected Fed rate hike
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LME nickel trading halted in chaotic market resumption
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Has international data transfer overcome its largest obstacle yet
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Understanding Red Tape When Transitioning From Domestic to International Trade
Sterling rebounds after hitting 16-month low
Date: March 14, 2022
By Samuel Indyk LONDON (Reuters) – The British pound eked out gains against the U.S. dollar on Monday, recovering after falling to a 16-month low, as tentative hopes for progress in talks between Russia and Ukraine dampened demand for U.S. currency and other safe assets. The market was also looking to policy announcements from the...
Yen falls to new five-year lows; COVID-19 hurts China’s yuan
Date: March 14, 2022
By Elizabeth Howcroft LONDON (Reuters) – The dollar index slipped on Monday and the yen hit new five-year lows as global markets experienced some re-emergence of risk appetite and investors braced for central bank meetings this week in the United States, Britain and Japan. After uncertainty about the war in Ukraine prompted a market sell-off...
Euro struggles to hold to post-ECB gains, dollar hits 5-year peak on yen
Date: March 11, 2022
By Joice Alves LONDON (Reuters) – The euro steadied on Friday but was still set for weekly gains as the European Central Bank’s announcement that it will phase out its stimulus lent support to the single currency. But rising stagflation worries arising from the Ukraine war continued to add pressure on the euro. The U.S....
Exclusive-China’s regulators check risks to futures brokers from nickel positions
Date: March 10, 2022
By Samuel Shen and Xie Yu HONG KONG/SHANGHAI (Reuters) – China’s securities regulators are gathering information from futures brokerages about their clients’ short positions in nickel to prevent spillover risks from rocketing prices this week, three people with knowledge of the matter said on Thursday. The London Metal Exchange intervened on Tuesday to calm the...
Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance
Date: March 10, 2022
By Hannah Lang (Reuters) – Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the...
Euro rallies ahead of ECB meeting, Poland’s zloty and Hungary’s forint surge
Date: March 9, 2022
By Joice Alves LONDON (Reuters) – The euro rose on Wednesday, briefly nearing $1.10, supported ahead of this week’s European Central Bank meeting by reports that European Union countries were discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on Monday of $1.0806, the euro stood at $1.0968 at...