currency-hedging
TradingEuro Bounces After Reaching Brink of Parity With US Dollar
Top StoriesSterling Falls to Fresh Two-Year Low on Leadership Race Concerns
Top StoriesRussian Envoy: UK Has Made Little Effort to Free Men Sentenced to Death in Eastern Ukraine
Top StoriesSafety-Bid Lifts Yen After Former PM Shot, Euro Falls Towards Parity
Sterling Enjoys a Small Lift as Boris Johnson Quits
Date: July 7, 2022
LONDON (Reuters) -Sterling held on to its gains on Thursday after Boris Johnson said he was quitting as prime minister following a rush of ministerial resignations and calls for him to go. The gains versus the dollar and the euro began after media reports of his imminent resignation earlier in the day. But the moves...
Dollar Mostly Flat as Traders Await Key U.S. Data
Date: July 7, 2022
By Herbert Lash NEW YORK (Reuters) – The dollar traded little changed against the euro and other trading currencies on Thursday, though sterling held on to gains after Boris Johnson said he was quitting as British prime minister. Investors are waiting for U.S. jobs data on Friday and consumer price data next week that should...
Russians Rush to Buy Chinese Yuan, Otkritie Bank Says
Date: July 7, 2022
(Reuters) – Russians have rushed to buy Chinese yuan to diversify their holdings away from U.S. dollars and euros, the state bank Otkritie said, as the finance ministry aims to re-start foreign exchange interventions using ‘friendly’ nations’ currencies. Demand for the yuan has increased eightfold since May 20 when the central bank lifted the restrictions...
Analysis-Euro’s 20-year Low Leaves ECB Facing Costly Choices
Date: July 7, 2022
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The euro’s tumble towards parity against the dollar has pushed the European Central Bank back against a wall, leaving its policymakers with only painful and economically costly choices. Letting the currency fall would push up already record high inflation, raising the risk of price growth becoming...
Volatile Rouble Slumps to 10-day Low; Gazprom Shares Extend Losses
Date: July 1, 2022
MOSCOW (Reuters) -The Russian rouble plunged more than 6% against the dollar on Friday to its weakest level in 10 days, while shares in Gazprom extended losses after the gas giant cancelled dividend payments, pressuring Russian stock indexes. As of 1019 GMT, the rouble was 5.9% weaker against the dollar at 54.50, earlier hitting its...
Russian Rouble Rallies; Gazprom Shares Plummet After It Skips Dividend
Date: June 30, 2022
MOSCOW (Reuters) – The Russian rouble rallied on Thursday, heading towards its strongest levels since 2015 as it retained support from high commodity prices, while shares in Gazprom plummeted after the gas giant said it would not pay dividends. Gazprom shares fell 29% to 211 roubles ($3.91) by 1411 GMT after the company said its...