foreign-currency
BusinessAnalysis-Markets Gear up for Two Wild Weeks of Elections and Rate Moves
TradingDollar Flat Against Peers as Markets Digest U.S. Economic Data
Top StoriesSsp Group Sees Profit Miss on Stronger Pound, French Weakness
FinanceDollar Gains as Adp Shows Better Than Expected Jobs Gains
Dollar Firm Following Sharp Rebound as Fed Speakers Eyed
Date: September 26, 2024
By Kevin Buckland TOKYO (Reuters) – The dollar held firm on Thursday following its sharpest rally since early June as traders looked ahead to speeches from key Federal Reserve policymakers later in the day for clues on the pace of interest rate cuts. The U.S. currency rebounded strongly overnight from a more than one-year...
Bitcoin Jumps While Japan Holiday Dulls Most Currencies
Date: September 23, 2024
SINGAPORE (Reuters) – Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in...
London Blue-Chips Slip as Sterling Jumps After Retail Sales Beat
Date: September 20, 2024
(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains riding on a rise in global risk sentiment following the U.S. Federal Reserve’s bumper rate cut. At 0715 GMT, the FTSE 100 fell 0.5%, as a 0.4% rise in the British pound...
Dollar Edges Lower in Choppy Trading After Fed Rate Cut
Date: September 19, 2024
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut as well as the switch to an easing monetary policy stance delivered by the Federal Reserve. Investor expectations had largely shifted towards a...
US Dollar Strengthens Ahead of Fed Rate Cut Move
Date: September 17, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive stance by the Federal Reserve when it delivers a much expected interest rate cut. Commerce Department data showed on Tuesday that U.S. retail sales unexpectedly rose 0.1%...
US Dollar Drops to Near 9-month Low Versus Yen Amid Talk of Larger Fed Rate Cut
Date: September 16, 2024
(This Sept. 13 story has been refiled to remove Mellon in BNY company name in paragraph 8) By Gertrude Chavez-Dreyfuss and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell on Friday to its lowest level in nearly nine months against the Japanese yen after media reports once again fueled speculation the Federal Reserve...