currency-fluctuations
FinanceNormal for Markets to Respond to Budget Plans, Minister Says
TradingDollar Profits From Japan Political Uncertainty, Data and US Election in Focus
TradingEuro, Yen Bounce as Dollar Stalls Near Three-Month Highs
TradingDollar Drops After Inflation Data, Yen Rebounds on Ishiba Win
Dollar Rebounds Against Euro Before Powell Speech
Date: August 23, 2024
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenback’s recent weakness was seen as being overdone. The U.S. currency has fallen on concerns about a weakening economy and on...
Stock Rebound Wanes as Investors Await US Job Data, Fed
Date: August 21, 2024
By Tom Westbrook SINGAPORE (Reuters) -Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. The S&P 500 snapped eight sessions of...
Oil Prices Gain 2% on Big US Storage Withdrawal, Weaker US Dollar
Date: July 17, 2024
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. Brent futures rose $1.35, or 1.6%, to $85.08 a barrel by 1:33 p.m. EDT (1733 GMT), while U.S. West...
Sterling Set for Fifth Daily Rise Ahead of UK Election
Date: July 3, 2024
Sterling set for fifth daily rise ahead of UK election LONDON (Reuters) – The pound rose on Wednesday, taking advantage of a softening in the dollar and a reading of business activity that showed growth in the British services sector cooled in June, but not by as much as initially forecast. The U.S. currency weakened...
Dollar Steadies, Sterling Eases Ahead of Inflation Data
Date: June 19, 2024
Dollar steadies, sterling eases ahead of inflation data By Rae Wee SINGAPORE (Reuters) -The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling dipped ahead of a reading on UK inflation due later in the day. U.S. retail sales barely rose in...
Pound Heads for Best Monthly Gain of 2024 Ahead of US Inflation
Date: May 31, 2024
Pound heads for best monthly gain of 2024 ahead of US inflation LONDON (Reuters) – The pound headed on Friday for its best monthly performance against the dollar this year, driven by expectations that the Bank of England may need to keep UK interest rates higher for longer as inflation persists. Data on Friday showed...