currency-fluctuations
TradingDollar Bounces From Inflation Data Drop, Euro Soft
TradingDollar Set for Best Week in a Month on Cautious Fed Outlook for 2025
TradingSouth Korea Lifts Martial Law, Relieving Some Market Uncertainty
FinanceEuro Drops vs Strengthening Dollar, French Politics Weigh
Sterling Finds Footing After Hitting Six-Month Low on Trump Victory
Date: November 18, 2024
By Harry Robertson LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5...
Dollar Firms Against Yen as BOJ Leaves Open Timing of Hikes
Date: November 18, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar rose against the yen on Monday after Japan’s top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would...
Sterling Heads for Worst Weekly Performance Since January
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...
Sterling Drifts Near 3-month Lows vs Dollar
Date: November 13, 2024
By Medha Singh (Reuters) – The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1% to $1.2795 after hitting its lowest since early August at $1.2719 on Tuesday, after data showed regular...
Dollar Set to Cap Wild Week on a High; China Npc Meeting in Focus
Date: November 8, 2024
By Rae Wee SINGAPORE (Reuters) – The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump’s return to the White House and what that means for the U.S. economy and its interest rate outlook. Before...
Markets Brace for US Election Showdown in Event-Packed Week
Date: November 4, 2024
By Rae Wee SINGAPORE (Reuters) – Financial markets began the week on a cautious note on Monday, with shares in Asia subdued while the dollar eased slightly ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also provide investors with global...