currency-fluctuations
TradingU.S. Dollar Slides as Markets Re-Evaluate Fed Rate Path
Top StoriesRussian Rouble Weakens vs Dollar but Hovers Near 7-year Highs
TradingSterling Edges up After BoE’s Tentative Rate Hike
Top StoriesBritain to Defy EU With ‘relatively Trivial’ N.Ireland Law
Dollar Edges Back Towards One-Month Low
Date: May 26, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six major peers,...
Worsening Global Risk Sentiment Knocks Sterling
Date: May 16, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Monday as weak Chinese economic data added pressure on risky currencies, while investors scaled down their expectations for Bank of England interest rate rises this year. Risk-sensitive sterling has fallen 10% against the dollar this year as the war in Ukraine, rising inflation, poor domestic economic...
Dollar Bounces, Sterling Tumbles on Dovish BoE
Date: May 5, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar rebounded on Thursday but held below 20-year highs reached last week, a day after the Federal Reserve affirmed that it would take aggressive steps to combat soaring inflation but played down the prospect of even larger rate hikes. The greenback dropped sharply on Wednesday after Fed...
Dollar Approaches 20-year Highs, Fed Meeting in Focus
Date: May 2, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than expected. The Fed has taken...
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
Date: May 2, 2022
LONDON (Reuters) – The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that euro zone manufacturing output...
Dollar Surge Leaves Trail of Destruction
Date: April 29, 2022
By Saikat Chatterjee and Sujata Rao LONDON (Reuters) – The dollar’s race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth. This year’s 8% gain against a basket of currencies...