currency-fluctuations
Top StoriesJapan’s Yen Slides Broadly as BOJ Policy Tweak Seen Inadequate
Top StoriesSterling at Weakest vs Euro in Five Months as Retail Sales Weigh
Top StoriesDollar Struggles Before Payrolls Test; Aussie Rebounds
Top StoriesDollar Gains as Pound Tumbles on Cooling UK Inflation
Oil Rises on Opec+ Cuts, Weaker Dollar
Date: July 11, 2023
Oil rises on OPEC+ cuts, weaker dollar By Arathy Somasekhar and Sudarshan Varadhan (Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Brent crude futures rose 23 cents,...
Currencies in Limbo Awaiting Packed Week of Central Banks
Date: May 1, 2023
Currencies in limbo awaiting packed week of central banks By Stella Qiu SYDNEY (Reuters) -Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents. Activity in...
Wage Data Dents Dollar Recovery Before Fed Rate Decision
Date: February 1, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the Federal Reserve is expected to hike rates by 25 basis points on Wednesday. The Employment Cost Index, the broadest measure of labor...
Dollar Skulks at Eight-Month Low, Central Bank Meetings in Focus
Date: January 26, 2023
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar fell to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears ahead of a slew of central bank meetings next week The euro squeezed its way to a new nine-month high of $1.09295 and was...
Dollar Stuck Near Nine-Month Low vs Euro as Yen Bounces
Date: January 24, 2023
By Amanda Cooper LONDON (Reuters) -The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Euro zone data on Tuesday reinforced the view that the economy is surviving a...
Dollar Jumps, Euro Dips Before Fed Minutes
Date: January 3, 2023
By Karen Brettell NEW YORK (Reuters) – The greenback jumped on Tuesday before the Federal Reserve on Wednesday releases minutes from its December meeting, while the euro was dented by moderating inflation data. The U.S. central bank slowed its pace of interest rate hikes to 50 basis points last month after delivering four consecutive 75-basis...