Trading
Top Stories
Yen Falls to New Five-Year Lows; COVID-19 Hurts China’s Yuan
Trading
Euro Struggles to Hold to post-ECB Gains, Dollar Hits 5-year Peak on Yen
Top Stories
Exclusive-China’s Regulators Check Risks to Futures Brokers From Nickel Positions
Top Stories
Crypto Industry on Defensive as Ukraine Crisis Spotlights Russia Sanctions Compliance
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...
Euro Rises From 22-month Lows on Reported EU Bond Issuance Plans
Date: March 8, 2022
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro on Tuesday rallied from 22-month lows against the U.S. dollar hit the previous session, lifted by expectations that the euro zone will increase fiscal spending to help offset the economic effects of the Russia-Ukraine conflict, which pushed energy and other commodity prices higher....
Lme Suspends Nickel Trading, Cancels Trades, After Prices Double to Over $100,000
Date: March 8, 2022
By Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) in an unprecedented move halted nickel trading and cancelled all trades on Tuesday as a race to cover short positions saw prices double in just hours to record highs above $100,000 per tonne. The trading shutdown after Western sanctions threatened supply from major producer...
Euro Off 22-month Lows as Ukraine Crisis Grips
Date: March 8, 2022
By Iain Withers LONDON (Reuters) -The euro edged up from 22-month lows on Tuesday as war in Ukraine darkens Europe’s economic outlook, while currencies sensitive to soaring commodity prices were volatile. Russia’s invasion of Ukraine has led to increased demand for assets seen as safer across markets, with the dollar – the world’s reserve currency...
Euro Set for Biggest 3-day Drop in 2 Years as Oil Prices Soar
Date: March 7, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro tanked more than 1% versus the dollar on Monday and was on track for its biggest three-day loss in two years as soaring oil prices stoked fears of a stagflationary shock that could hammer European recovery hopes. The single currency’s drop was broad-based, with the currency flirting...
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...