foreign-currency
Top StoriesDollar Heads for First Weekly Gain Since February
Top StoriesDollar Slips After Upbeat China Data; Euro, Pound Rise
Top StoriesYen Sinks as Rates Outlook Diverges; Nz Dollar Tumbles
Top StoriesIn Beijing, Spanish PM Urges Xi to Speak With Ukraine’s Zelenskiy
Swiss Franc Grapples With Safe-Haven Identity Crisis After Credit Suisse
Date: March 24, 2023
By Samuel Indyk LONDON (Reuters) – The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland’s bullion vaults than to its currency. Money managers ditched the Swiss franc at the fastest...
Dollar Falls After Fed Raises Rates, Forecasts Future Hike
Date: March 22, 2023
By Hannah Lang WASHINGTON (Reuters) – The dollar was lower on Wednesday following the U.S. Federal Reserve’s decision to raise interest rates by a quarter of a percentage point as expected. The Fed projected at least an additional interest rate increase of 25 basis points by the end of 2023. The dollar index fell 0.465%...
Dollar Pauses for Breath as Fed Swings Into Focus
Date: March 21, 2023
By Rae Wee SINGAPORE (Reuters) – The dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift far from five-week lows as traders reckoned banking stress would keep the Federal Reserve from hiking rates much further, or at all, later in the week. The greenback ticked about 0.1% higher to $1.0712...
Sterling Rises as Receding Bank Sector Worries Lift Sentiment
Date: March 17, 2023
LONDON (Reuters) – Sterling rose against the dollar on Friday, after a series of lifelines for struggling banks helped restore some investor confidence, trouncing this week’s spring budget as a catalyst for the pound. By 1014 GMT, the pound was up 0.2% against the dollar, at $1.213, and 0.1% lower against the euro, at 87.790...
Dollar Retreats, Headed for Biggest Weekly Loss Since mid-January; Bitcoin Down
Date: March 3, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy. Analysts said the market has for...
Dollar Buoyant as Robust U.S. Data Keep Fed Hawks in Control
Date: February 20, 2023
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United States that traders bet will keep the Federal Reserve on its monetary policy tightening path for longer than initially expected. The greenback advanced broadly in early Asia trade,...