foreign-currency
TradingDollar Stabilises Near Seven-Month Lows
Top StoriesTaiwan Calls on Germany to Help Maintain ‘regional Order’
TradingRussian Rouble Gains 3% on First Working Day of 2023
Top StoriesEmirati FM Meets Syria’s Assad in Damascus in Further Sign of Thawing Ties
Dollar Creeps up in Subdued Start to New Year
Date: January 2, 2023
By Dhara Ranasinghe LONDON (Reuters) -The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies. The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end. Sentiment remained fragile and the first trading day of the year was subdued, with...
Swiss National Bank Steps up Forex Sales During Q3
Date: December 30, 2022
ZURICH (Reuters) – The Swiss National Bank increased its forex sales to 739 million Swiss francs ($799.35 million) during the third quarter of 2022, the central bank said on Friday, showing how its focus has switched from stemming the safe-haven currency’s strength to fighting inflation. The figure was an acceleration from the 5 million francs...
Permitted Share of China’s Yuan in Russian Wealth Fund Doubled to 60% -Finance Minister
Date: December 30, 2022
MOSCOW (Reuters) – Russia’s finance ministry on Friday said the maximum possible share of Chinese yuan in its National Wealth Fund (NWF) had been doubled to 60% as it restructures its rainy-day fund to reduce dependency on currencies from so-called “unfriendly” nations. The ministry said the permitted share of gold in the NWF would also...
Dollar Flat as Investors Digest China’s Loosening of Covid Rules
Date: December 29, 2022
By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers – a major step in reopening its borders, even as COVID cases spike. China will stop requiring arriving travelers to go into quarantine starting Jan. 8, the National Health Commission...
Dollar Slips as Investors Take Heart From Looser China Covid Rules
Date: December 27, 2022
By Amanda Cooper LONDON (Reuters) – The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers – a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars. China will stop requiring inbound travellers to go into quarantine on...
Yen Retreats After BOJ Policy Tweak Sparked Surge
Date: December 22, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The yen fell in a choppy session on Wednesday, ceding some of the ground gained the previous day when a surprise policy tweak by the Bank of Japan lifted the Japanese currency by 4% against the dollar. The BOJ decided to change its “yield curve control” policy on...