foreign-currency
InvestingDollar Touches One-Week Low as Safety Bid, ‘Trump Trade’ Momentum Ebb
InvestingDollar Higher, Boost to Safe-Haven Currencies Fades
BusinessMedtronic Lifts Annual Profit View on Steady Demand for Medical Devices
InvestingSterling Finds Footing After Hitting Six-Month Low on Trump Victory
UK to Put Sudan Resolution to Vote by UN Security Council
Date: November 18, 2024
LONDON (Reuters) – Britain will seek backing from other United Nations Security Council members on Monday for its demand that Sudan’s warring parties stop hostilities and allow deliveries of aid, the British foreign ministry said. With London holding the rotating presidency of the council, British foreign minister David Lammy is due to chair a vote...
Dollar Notches Weekly Gain as Traders Reassess Rate Cut Expectations
Date: November 16, 2024
By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump...
Sterling Heads for Worst Weekly Performance Since January
Date: November 16, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...
Sterling Squashed by Dollar Steamroller, Traders Watch Out for Reeves’ Speech
Date: November 14, 2024
LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech...
Why Is the Euro Falling and Could It Hit $1?
Date: November 13, 2024
Why is the euro falling and could it hit $1? LONDON (Reuters) – The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike in tariffs that could deal a fresh blow to the euro zone economy. At around...
Pound Hits 3-month Low on Jobs Data and Dollar’s Trump Rally
Date: November 12, 2024
By Harry Robertson LONDON (Reuters) – The pound fell to a three-month low after data on Tuesday showed regular wage growth cooled and unemployment ticked up, and as currencies felt the pressure of a surging dollar after Donald Trump’s U.S. election victory. Sterling fell as much as 0.5% to $1.2806, its lowest since Aug. 15,...