foreign-currency
TradingDollar Set for Biggest Two-Day Fall Since 2009 as Rate Outlook Shifts
Top StoriesDollar Climbs Ahead of Inflation Data; Cryptos Crumble
TradingRouble Rebounds vs Dollar as Russian Market Reopens After Long Weekend
BankingWeaker Franc Helps Swiss National Bank’s Forex Reserves Rise
Dollar Advances After Hawkish Fed; Pound Sinks as BoE Warns of ‘very Challenging’ Outlook
Date: November 3, 2022
By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar firmed on Thursday, after the Federal Reserve signalled U.S. interest rates will likely peak at a higher rate than markets had expected, while the pound fell after the Bank of England raised rates but warned of a “very challenging outlook.” The BoE lifted...
Russian Rouble Stable After Moscow Ditches Black Sea Grain Deal
Date: October 31, 2022
(Reuters) – The Russian rouble pared early losses to gain ground on Monday in the first session since Moscow said it would suspend its role in the landmark Black Sea grain deal over the weekend. Global food prices climbed on Monday after Russia said it was suspending participation in the U.N.-brokered grain accord for an...
Dollar Climbs as Traders Eye Central Bankers
Date: October 31, 2022
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar advanced on Monday, regaining some ground it lost earlier in the month, at the start of a week packed with data releases and central bank rate-setting meetings, including by the Bank of England and most importantly the Federal Reserve. The euro slid 0.36% to...
Sterling Recovery Stalls, Still Set for Third Straight Weekly Gain
Date: October 28, 2022
By Samuel Indyk LONDON (Reuters) – The British pound slid against the dollar on Friday but was still set for its third consecutive weekly gain, its longest positive streak since February. After hitting a record low against the dollar of $1.0327 in September, the pound has staged a recovery after the formation of a new...
James Cleverly to Remain UK Foreign Minister – Statement
Date: October 26, 2022
LONDON (Reuters) – James Cleverly has been re-appointed as Britain’s foreign minister, Prime Minister Rishi Sunak’s office said on Tuesday. (Reporting by William James, writing by Muvija M)...
Wall Street Set to Open Lower Ahead of Earnings
Date: October 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – European stocks were mixed on Tuesday and U.S. futures pointed to a lower open for Wall Street, as investor hopes that the Federal Reserve could slow down its rate increases gave way to a more cautious tone ahead of U.S. company earnings. Asian equities struggled to make gains due...