currency-fluctuations
Top StoriesWall Street Rebounds, Sterling Steadies After Tumble
Top StoriesWall Street Slumps Over Negative Macro ‘tsunami’
Top StoriesOil Prices Slide $2/bbl; Settle at 9-month Lows on Dollar Strength
Top StoriesBritain’s Finance Minister Unveils “mini Budget”, UK Markets Pummelled
Dollar Extends Declines as Traders Pull Back Rate Hike Bets
Date: August 11, 2022
By John McCrank NEW YORK (Reuters) – The dollar extended its losses against other major currencies on Thursday, a day after a report showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back expectations for rate hikes by the Federal Reserve going forward. Investors slashed bets on the possibility...
Sterling Loses Steam as Traders Turn to Safe-Haven Currencies
Date: August 2, 2022
(Reuters) – The British pound weakened against the dollar and euro on Tuesday as traders turned to safe-haven currencies amid rising U.S.-China tensions over Taiwan, with traders looking ahead to a Bank of England policy meeting this week. The pound was down down 0.5% against the dollar at $1.22055 pence, and versus the euro was...
Pound Struggles Around $1.20 on Economy Worries
Date: July 25, 2022
LONDON (Reuters) -Sterling held around the $1.20 level versus the U.S. dollar on Monday as traders worried about the outlook of the British currency after recent dismal data before a widely expected U.S. interest rate hike this week. Versus the U.S. dollar, the pound held around $1.2040, a shade below Friday’s high of $1.2064 which...
Pound Struggles Around $1.20 on Economy Worries
Date: July 25, 2022
LONDON (Reuters) – Sterling held around the $1.20 level versus the U.S. dollar on Monday as traders worried about the outlook of the British currency after recent dismal data before a widely expected U.S. interest rate hike this week. Versus the U.S. dollar, the pound held around $1.2005, a shade below Friday’s high of $1.2064...
Dollar Slips as ECB Rate Hike Hopes Lift Euro
Date: July 19, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against the euro for a third straight session on Tuesday, following a Reuters story that European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation. The rebound in the euro,...
Oil Jumps on Russia Supply Jitters, Lower Dollar
Date: July 18, 2022
By Noah Browning LONDON (Reuters) -Oil prices extended gains on Monday, boosted by mounting concerns over gas supply from Russia and a lower dollar, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement rose by $4.44, or 4.4%, to $105.60 a barrel by 1427 GMT, having...