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Dollar at Two-Decade High as Risky Assets Sell Off; Yen Recovers Ground
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven U.S. dollar rose to a fresh two-decade high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation...
Dollar Higher as Risky Assets Tumble; Yen Rebounds From 1998 Lows
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven dollar rose to a fresh four-week high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation data...
Cryptocurrency Market Value Slumps Under $1 Trillion
Date: June 13, 2022
By Elizabeth Howcroft LONDON (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but it has faltered so far this year....
Dollar Gains Ahead of Inflation Data, Euro Falls After ECB
Date: June 9, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose for a second straight day on Thursday, erasing initial declines while the euro turned lower after the latest policy announcement by the European Central Bank (ECB), which signaled the bank was set to begin raising interest rates. The ECB ended a long-running stimulus program...
Meta Unfriends Fb Ticker in Final Farewell to Facebook Era
Date: June 9, 2022
(Reuters) – After a decade of trading as Facebook, the social media giant is shedding the last vestige of its old corporate avatar as it begins trading under the ticker symbol ‘META’ on Thursday. Meta Platforms Inc rebranded from its eponymous social networking platform in October 2021, betting that the metaverse, a shared virtual realm,...
Dollar Hits 2-decade High vs Yen, Sterling Struggles
Date: June 7, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades. The yen dropped to a 20-year low of 133 per dollar, levels that had previously been highlighted as intervention...