foreign-currency
Top StoriesDollar Stands Firm as Sticky US Inflation Dents Rate Cut Expectations
Top StoriesDollar Slips as Market Awaits Data for Direction
Top StoriesSterling Tumbles to Seven-Week Low as U.S. Data Boosts Dollar
Top StoriesDollar Scales Fresh Peaks as Fed Cut Bets Recede
Sterling Reverses Course After U.S. Data, Set for Biggest Weekly Fall Since Early Dec
Date: February 2, 2024
Sterling reverses course after U.S. data, set for biggest weekly fall since early Dec LONDON (Reuters) – Sterling reversed course on Friday as the dollar strengthened after U.S jobs data to leave the pound set for its biggest weekly fall against the greenback in eight weeks. The British currency was last down 0.79% against the...
Dollar Jumps, Traders Pare Rate Cut Bets After Strong Jobs Report
Date: February 2, 2024
Dollar jumps, traders pare rate cut bets after strong jobs report By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index jumped to a seven-week high on Friday after data showed that employers added far more jobs in January than expected, reducing the chances of near-term Federal Reserve interest rate cuts. Nonfarm payrolls increased...
Dollar Mixed in Tight Trading Range Before Fed Statement
Date: January 30, 2024
Dollar mixed in tight trading range before Fed statement By Karen Brettell NEW YORK (Reuters) – The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong direction ahead of the conclusion of the Federal Reserve’s two-day meeting. The U.S. central bank is expected to leave rates...
Dollar Gains Before Fed, March Rate Cut Seen Less Likely
Date: January 29, 2024
Dollar gains before Fed, March rate cut seen less likely By Karen Brettell and Samuel Indyk NEW YORK (Reuters) – The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday. Traders have...
Sterling Looks Secure as Bank of England Nears Edge of ‘Table Mountain’
Date: January 29, 2024
Sterling looks secure as Bank of England nears edge of ‘Table Mountain’ By Alun John LONDON (Reuters) – The Bank of England is likely to hint this week it is aware that the time start cutting rates is nearing, but that is unlikely to bring sterling – this year’s second-best performing major currency – down...
Stocks Make Little Progress, Dollar Rises Against Yen After BoJ Decision
Date: January 23, 2024
Stocks make little progress, dollar rises against yen after BoJ decision By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) -MSCI’S global equities index was down slightly with a mixed bag of U.S. earnings reports while the dollar rose against the yen after the Bank of Japan left monetary policy unchanged. U.S. Treasury yields rose...