foreign-currency
TradingDollar Advances as Strong U.S. Data Backs Higher Rates Backdrop
Top StoriesDollar Rises to Six-Week Peak as Strong U.S. Retail Sales Bolster Higher-Rates Scenario
Top StoriesDollar Hits Six-Week High vs Yen, Rallies From Two-Week Low After U.S. Inflation Data
Top StoriesFirst Abu Dhabi Bank Reiterates Not Eyeing Offer for Standard Chartered
Sterling Bounces From One-Month Low After Comment From Fed’s Powell
Date: February 8, 2023
By Joice Alves LONDON (Reuters) – Sterling rose on Monday from a one-month low against the dollar after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on inflation, renewing bets of less-aggressive U.S. monetary tightening. Despite last week’s very strong U.S. employment numbers, in a question-and-answer session before the Economic Club of...
Dollar Falls to Nine-Month Low as Powell Notes Progress in Disinflation
Date: February 1, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the U.S. central bank warned of further monetary policy tightening. Powell, speaking in a...
Dollar Slips After Weak Data While Yen Ticks Up
Date: January 19, 2023
By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. U.S. data released on Wednesday showed retail sales fell...
Sterling Clings to Recent Gains
Date: January 19, 2023
By Alun John LONDON (Reuters) – Sterling on Thursday held onto the bulk of its gains against the dollar from the previous day as inflation data suggested the Bank of England may have to raise rates more aggressively, though it slipped a little against a stronger euro. The pound was last down 0.11% against the...
Yen Soars as Markets Test Boj, Stocks Cheered by Inflation Retreat
Date: January 13, 2023
By Dhara Ranasinghe LONDON (Reuters) – World stocks scaled one-month peaks on Friday thanks to signs inflation is easing, while the yen jumped to seven-month peaks and Japanese bond yields breached a central bank target as investors challenged its commitment to loose monetary policy. European shares opened higher and the broad STOXX 600 index touched...
Dollar Stands Firm While Traders Await CPI
Date: January 11, 2023
By Tom Westbrook SINGAPORE (Reuters) – The dollar mostly held its ground on Wednesday in spite of downward pressure from lower bond yields and higher stocks, as traders waited on this week’s U.S. consumer price data to see whether it will confirm that inflation is in retreat. The Australian dollar wobbled its way about 0.4%higher...