currency-hedging
Top StoriesSwiss National Bank Sight Deposits Drop as Fx Intervention Winds Down
Top StoriesRussian Rouble Firms to 7-year High Past 53 vs Dollar in Moscow Trade
TradingYen Sinks to Fresh 24-year Low vs U.S. Dollar
TradingYen Tanks as BOJ Sticks to Stimulus, Caps Volatile Week for Fx
Sterling Slips as Dollar Stands Tall
Date: June 17, 2022
By Tom Wilson LONDON (Reuters) – Sterling slipped on Friday against a strengthening U.S. dollar, giving up gains made a day earlier after the Bank of England raised interest rates. The pound fell as much as 0.5% against the dollar to $1.2290, off from a one-week high of $1.2405 touched a day earlier. It was...
Pound Reclaims $1.20 but Headwinds Keep Blowing
Date: June 15, 2022
LONDON (Reuters) – Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, but the reprieve could prove temporary with slowing UK economic growth and a potential trade conflict with the European Union weighing on the currency. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and...
Moscow Exchange Suspends Swiss Franc Trading After New Sanctions
Date: June 14, 2022
(Reuters) – The Moscow Exchange said it would suspend trading of the Swiss franc against the rouble and the U.S. dollar from Tuesday after Switzerland adopted new EU sanctions against Russia. The Moscow Exchange, Russia’s largest bourse, said it was having difficulty conducting transactions in the Swiss currency as a result of new trading restrictions...
Explainer-What Are the Consequences of the Yen’s Fall to a 24-year Low?
Date: June 13, 2022
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen fell past the psychological 135 line to levels against the U.S. dollar last seen in October 1998. The scale of the move has repercussions for the domestic economy as yen-based import prices are surging at a record annual pace, heaping pressure on household balance sheets. The...
Yen Falls to Lowest Level Since 1998 as U.S. Yields March Higher
Date: June 13, 2022
By Alun John HONG KONG (Reuters) – The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and U.S. benchmark yields widened after red hot U.S. inflation data drove U.S. Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998,...
Leave post-Brexit Shift in Euro Clearing to Markets, Industry Tells EU
Date: June 7, 2022
By Huw Jones LONDON (Reuters) – Relocating euro clearing from London to the European Union must be “market-led” rather than mandatory, with the shift already well underway, the head of Eurex Clearing said on Tuesday. After Brexit, the European Union has said it will not allow EU market participants to clear euro derivatives in London...