currency-fluctuations
Top StoriesSterling Surges vs Weakening U.S. Dollar, Political Risks Caps Rally
TradingSterling Falls as Investor Nerves Boost Dollar
TradingSterling Rallies as Dollar Sellers Emerge, UK Growth Beats Forecasts
TradingExplainer-Why the Euro’s Fall Below Parity Versus Dollar Matters
UK’s FTSE 100 Flat as Defensives Offset China COVID-19 Worries
Date: July 11, 2022
By Sruthi Shankar and Bansari Mayur Kamdar (Reuters) – UK’s internationally-focussed FTSE 100 was subdued on Monday as a weaker sterling and defensive stocks like healthcare and utilities offset the weakness in mining stocks over worries about fresh COVID-19 curbs in China and the energy crisis in Europe. The FTSE 100 was flat, while the...
Dollar Continues Dream Run, Little Stands in Its Way
Date: July 7, 2022
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed. The recent sell-off in risk assets and bond...
Dollar Gains, Euro Falls as Energy Drives Currency Swings
Date: July 6, 2022
By Herbert Lash (Reuters) -The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising energy prices and potential shortages cast a long shadow over the euro zone’s economy. The dollar index, which tracks the greenback versus a basket of six currencies, shot above 107, while...
UK Markets Brace for Prolonged Political Uncertainty
Date: July 6, 2022
By Saikat Chatterjee and Samuel Indyk LONDON (Reuters) -British markets braced for more political uncertainty on Wednesday, with investors keen to see if the new finance minister loosens the purse strings and wondering whether Prime Minister Boris Johnson will survive an exodus of support. The pound dropped to more than two-year lows against the dollar...
Euro Drops Against U.S. Dollar Amid Renewed Safe-Haven Demand
Date: June 30, 2022
By Joice Alves LONDON (Reuters) – The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown trimmed early gains against the euro after briefly jumping on the...
Further Pain in Store for Asian Currencies After Turbulent First-Half
Date: June 30, 2022
By Harish Sridharan (Reuters) – Asian currencies will wallow in the near-term, analysts forecast this week, with any respite from their first-half losses only likely to come in the form of proactive policy normalization by regional central banks combined with a Chinese recovery. A mix of elevated commodity prices and narrowing interest rate differentials have...