foreign-currency
InvestingUK Stocks Retreat as Trump’s Tariff Proposal Sparks Selloff
Top StoriesRussian Rouble at 32-month Low, a Boon for Exporters, Minister Says
InvestingChina’s Yuan Slides to Four-Month Low on Trump’s Tariff Promise
TradingDollar Follows US Yields Lower After Bessent Treasury Nomination
Dollar Dips After Strong Run on Trump Treasury Nomination
Date: November 25, 2024
By Wayne Cole and Medha Singh (Reuters) – The dollar retreated on Monday after a stellar run as the pick for U.S. Treasury secretary seemed to reassure the bond market about fiscal discipline, pulling yields lower and shaving some of the currency’s rate advantage. Yields on 10-year Treasuries slipped to 4.343%, from 4.412% late on...
Dollar Dips With Treasury Yields After Bessent Pick
Date: November 25, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar surrendered a little of its recent gains on Monday as investors assumed the pick for U.S. Treasury secretary would reassure the bond market and pulled yields lower, shaving some of the dollar’s rate advantage. Yields on 10-year Treasuries slipped to 4.351%, from 4.412% late Friday, as President-elect...
Weaker Pound Takes FTSE 100 to Best Week in Six Months
Date: November 22, 2024
By Nikhil Sharma (Reuters) -Britain’s FTSE 100 recorded its biggest weekly gain in more than six months on Friday as a slide in sterling supported dollar earners, while banks came under pressure from weak business activity data. The blue-chip FTSE 100 ended the day 1.4% higher, and logged a 2.5% weekly rise, its best since...
Euro Falls to Two-Year Low After PMI Data Plunges
Date: November 22, 2024
LONDON (Reuters) – The euro dropped to its lowest since December 2022 on Friday after data showed euro zone business activity tumbled in November as the bloc’s dominant services industry contracted and manufacturing sank deeper into recession. The common currency was last $1.0432, down 0.37% on the day, falling past its October 2023 level. Euro...
China Expands Visa-Free Access to Japan, Bulgaria and Other Countries
Date: November 22, 2024
BEIJING (Reuters) – China will expand its visa-free arrangements to include Japan, Bulgaria, Romania, Croatia, Montenegro and other countries, effective from Nov. 30, 2024, to Dec. 31, 2025, a foreign ministry spokesperson said on Friday. It will also extend the visa-free stay period to 30 days from 15 days for citizens of all 38 countries...
Sterling Falls to 6-month Low After Weak UK Retail Sales
Date: November 22, 2024
LONDON (Reuters) – The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious when it comes to rate cuts. Sterling was last down 0.22% on the dollar at $1.2566,...