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Euro rises from 22-month lows on reported EU bond issuance plans
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LME suspends nickel trading, cancels trades, after prices double to over $100,000
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Euro off 22-month lows as Ukraine crisis grips
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Euro set for biggest 3-day drop in 2 years as oil prices soar
Sterling falls 1% versus dollar, rises against euro
Date: March 4, 2022
LONDON (Reuters) – Sterling declined 1% to $1.3216 as the dollar strengthened against a basket of currencies on safe-haven demand and Fed rate hike expectations following robust U.S. labour market data. Russian forces seized Europe’s largest nuclear power plant on Friday in what Washington called a reckless assault that risked catastrophe. Meanwhile, data showed that...
The Art of the Trade: Why trading education is vital in the current climate
Date: March 4, 2022
By Stavros Lambouris, CEO at HYCM International In an increasingly volatile economic landscape, it’s vital that traders are equipped with the best tools possible to make the most of their investments. As such, trading education and support are more important than ever. With inflation expected to rise to 7% in the spring, an increase in interest...
Euro sinks to multi-year lows versus dollar, Swiss franc and sterling
Date: March 4, 2022
By Joice Alves LONDON (Reuters) – The euro fell to a seven-year low versus the Swiss franc and hit its lowest point in almost two years versus the dollar on Friday as the war in Ukraine lowered expectations of European economic growth. The European single currency fell 2.1% this week, and was set for its...
Sterling rises vs euro, focus on economy, rate hike bets
Date: March 2, 2022
(Reuters) -Sterling rose against a weakening euro on Wednesday, with investors focusing on market bets on UK and euro zone rate hikes amid concerns about the economic impact of the war in Ukraine. The pound edged higher also versus a rising dollar while investors continued to rush into safe-haven assets. The European Union said on...
Cryptoverse: Bitcoin gains conflict currency credentials
Date: March 1, 2022
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin has leapt since Russia’s invasion of Ukraine, bolstered by people in those countries looking to store and move money in anonymous and decentralised crypto. Bitcoin trading denominated in the Russian rouble went into overdrive when the invasion began on Thursday, with daily volumes rising 259%...
Sterling steadies with focus on Ukraine tensions and BoE speeches
Date: March 1, 2022
By Joice Alves LONDON (Reuters) – Sterling steadied on Tuesday against the euro and the dollar as investors awaited speeches from Bank of England officials and watched for developments on the Russia-Ukraine crisis. Investors are waiting for speeches from Bank of England members of the Monetary Policy Committee Michael Saunders and Catherine Mann, set to...