foreign-currency
TradingSterling Extends Bounce Off Recent Lows as U.S. Election in Focus
TradingDollar Drops to Two-Week Low as Investors Take Profit on ‘Trump Trades’
InvestingDollar Skids Ahead of US Election, Likely Fed Rate Cut
TradingPound Set for Worst Weekly Losses Since 2018 After Budget Jolt
US Dollar Ticks up on Jobs Data, Bitcoin Trades Near Record
Date: October 30, 2024
By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) -The dollar ticked up on Wednesday after stronger-than-expected private sector jobs data, though it remained off a three-month peak, while bitcoin sat close to a record high as traders raised their bets on a Donald Trump victory in next week’s election. Meanwhile, the pound fell on the...
US Dollar Rally Pauses Before Jobs Data, Aussie Falls on Rba Outlook
Date: October 30, 2024
By Kevin Buckland TOKYO (Reuters) -The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar slipped to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely...
Poland’s Bank Millennium Net Profit Jumps on Lower Fx Loan Provisions
Date: October 29, 2024
(Reuters) -Poland’s Bank Millennium posted an 85% jump in third-quarter net profit on Tuesday, beating analysts’ estimates, as costs related to its FX mortgage loan portfolio declined. The Polish unit of Portugal’s biggest lender, Millennium bcp, posted a net profit of 189.8 million zlotys ($47.2 million), as provisions for legal risks related to its...
Yen Remains Under Pressure After Japan Election
Date: October 29, 2024
By Laura Matthews NEW YORK (Reuters) -The yen hit three-month lows against the dollar on Monday, remaining under pressure as an election loss by Japan’s ruling coalition raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1%...
Yen Under Pressure After Japan Election
Date: October 28, 2024
By Laura Matthews, Tom Westbrook, Stefano Rebaudo NEW YORK/SINGAPORE (Reuters) -The yen hit three-month lows against the dollar on Monday, as Japan’s ruling coalition’s election loss raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to a...
Dollar Gains for Fourth Week as Investors Grow Jittery
Date: October 25, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that could complicate the Bank of Japan’s (BOJ) plans to normalise rates. The dollar held steady, underpinned by...