foreign-currency
FinanceAnalysis-German Gas Levy Limbo Raises Risk of Higher Costs for Edgy Neighbours
TradingEuro Steady Ahead of French No-Confidence Vote, South Korean Won Rebounds
TradingEuro Steady Ahead of French No-Confidence Vote, Won Roiled by Political Crisis
InvestingAussie Slumps on Tepid Economy, Won Stable After Martial Law Lifted
Korean Won, ETFs Trim Losses After SKorea’s Yoon Says Will Lift Martial Law
Date: December 4, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The South Korean won came off a more than two-year low against the dollar on Tuesday, while exchange traded funds linked to South Korean stocks similarly cut losses after President Yoon Suk Yeol said he would lift a martial law he had imposed just hours before. Yoon’s martial law...
Euro Gains as Crisis Comes to a Head; South Korean Won Cuts Losses as Martial Law Lifted
Date: December 4, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro rose modestly against the U.S. dollar on Tuesday, as political turmoil in France sent traders scrambling for hedging protection against further price swings, with some market participants noting that the crisis could be nearing the end. The South Korean won, meanwhile, was one of the biggest movers,...
NATO Expected to Sidestep Ukraine’s Call for Quick Invite
Date: December 3, 2024
By Sabine Siebold and Humeyra Pamuk BRUSSELS (Reuters) -NATO is highly unlikely to heed Ukraine’s call for a membership invitation at a meeting on Tuesday, according to diplomats, dashing Kyiv’s hopes of a political boost as it struggles on the battlefield and awaits Donald Trump’s return to the White House. In a letter to his...
Dollar Rides High on Flagging Euro and Yuan
Date: December 3, 2024
SINGAPORE (Reuters) -The dollar was buoyant on Tuesday as political turmoil in France undermined the euro, while tariff risks and weakness in China’s economy pushed the yuan to a 13-month low. The resurgent yen retreated slightly but remains near six-week peaks on the dollar, as traders are growing in confidence that Japan may hike rates...
Number of Migrants Reaching Spain’s Canary Islands Breaks All-Time Record
Date: December 3, 2024
MADRID (Reuters) – The number of migrants reaching Spain’s Canary Islands on precarious vessels from West Africa has hit an all-time annual record with 41,425 arrivals between Jan. 1 and Nov. 30 of this year, Interior Ministry data showed on Monday. The seven islands off northwestern Africa’s Atlantic coast are struggling to absorb the surge...
Exclusive-Russia’s Vtb Expects Rouble to Stabilise Around 100/dollar, CEO Says
Date: December 2, 2024
MOSCOW (Reuters) – The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia’s financial sector, CEO of Russia’s second largest lender Bank VTB Andrei Kostin told Reuters on Monday. The Russian currency weakened by 15% against the U.S. dollar after...