currency-hedging
FinanceEuro Hits Near 7-month Low vs Dollar as Tariff Worries Weigh
TradingEuropean Shares Log Third Week of Declines on China, Tariff Jitters
TradingFx Traders Brace for Wild Moves After US Election
TradingSterling Falls Ahead of UK Budget, While Volatility Gauge Jumps
Sterling Traders Race to Hedge Risk Ahead of UK Budget, US Election
Date: October 30, 2024
LONDON (Reuters) – Sterling traders rushed to hedge against big price moves on Wednesday, with just hours to go before Labour finance minister Rachel Reeves’ first budget, while the pound held steady against the dollar and the euro. One-week implied options volatility – a measure of demand to protect against large moves in the pound...
Yen Remains Under Pressure After Japan Election
Date: October 29, 2024
By Laura Matthews NEW YORK (Reuters) -The yen hit three-month lows against the dollar on Monday, remaining under pressure as an election loss by Japan’s ruling coalition raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1%...
South African Reforms Could Push Rand Higher, Central Bank Chief Says
Date: October 25, 2024
By Karin Strohecker WASHINGTON (Reuters) – South Africa’s rand has further room to strengthen if the government in Pretoria pushes ahead with reforms and prudent policies, the country’s central bank chief Lesetja Kganyago told Reuters. The currency of Africa’s most industrialized nation has been a top emerging market performer, strengthening some 2.5% against the...
Sterling Hovers Near One-Month Low Ahead of US Inflation Print
Date: October 10, 2024
LONDON (Reuters) – The pound was flat on Thursday, hovering near its lowest level against the dollar in a month, as traders maintained a cautious stance and waited for potentially market-moving U.S. inflation data due later in the day. Sterling held its ground at $1.3076, up marginally from Wednesday’s trough of $1.3057, its lowest...
US Dollar Edges Lower as Traders Await Fed Rate Cut Decision
Date: September 18, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as traders braced for the Federal Reserve’s much-anticipated decision to cut interest rates. The U.S. central bank is expected to deliver its first interest rate cut in more than four years at...
Analysis-Euro, Now a Safer Bet, Emerges a Winner From Market Turmoil
Date: August 22, 2024
By Sruthi Shankar and Alun John (Reuters) -The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan’s yen. Having broken decisively above the symbolic $1.10 level, the...