currency-markets
TradingU.S. Dollar Climbs as Fed Likely to Deliver Another Big Hike; Sterling Slumps
Top StoriesU.S. Dollar Drifts Higher; Yen Heads Toward Level That Prompted Intervention
Top StoriesDollar Gains as Friday’s U.S. Jobs Data Looms
Top StoriesWall Street Keeps Stocks Down, Dollar up on Inflation
Britain’s Market Rout Stokes Contagion Fears Around the Globe
Date: September 28, 2022
By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s...
Dollar Pauses for Breath as Fragile Pound Edges Up
Date: September 27, 2022
By Alun John and Tom Westbrook LONDON/SYDNEY (Reuters) – The dollar took a pause on Tuesday in what has been a relentless climb higher as under-fire sterling as well as the euro and Japanese yen recovered some ground from multi-year lows, but medium-term fundamentals were still in the greenback’s favour. Sterling climbed over 1% to...
Dollar Slips, Riskier Currencies Gain as Market Rebounds
Date: July 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious...
Sterling Hit as UK Inflation Hits New 40-year High
Date: June 22, 2022
By Danilo Masoni LONDON (Reuters) – The British pound eased on Wednesday after hot UK consumer inflation data raised new worries over an economic slowdown, just as the Bank of England looks set for more interest rate hikes in the coming months. Soaring food prices pushed consumer inflation to a new 40-year high of 9.1%...
Yen Tanks 1.9% After BOJ Sticks to Stimulus, Franc Climbs Again
Date: June 17, 2022
LONDON/TOKYO (Reuters) – The Japanese yen fell as much as 1.9% on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-low interest rate stance, as currency markets looked set for another volatile session after a spate of rate hikes this week. The Swiss National Bank’s surprise decision to...
Dollar Pinned as Powell Plods Toward Tapering
Date: August 30, 2021
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