foreign-currency
Top StoriesDollar Shrugs Off Suspected Japan Intervention; Pound Eyes UK Politics
Top StoriesPoland’s Bank Millennium Third-Quarter Results Hit by Payment Holidays
Top StoriesDollar Dips as UK Budget U-Turn Improves Market Sentiment
Top StoriesAnalysis-G7 Fails to Reach Intervention Deal to Ease Pain of Soaring Dollar
Dollar Hits Fresh 24-year High vs Yen After Strong U.S. Inflation Data
Date: October 13, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a fresh 24-year peak against the yen on Thursday, gaining across the board, after a blistering U.S. inflation report that opened the possibility of a 100-basis-point interest rate hike at next month’s Federal Reserve policy meeting. Data showed U.S consumer prices increased more than expected...
Sterling Snaps Four-Day Drop, but Gilt-Market Havoc Tempers Gains
Date: October 11, 2022
By Amanda Cooper LONDON (Reuters) -The pound snapped a four-day streak of losses on Tuesday in a volatile session, in which the Bank of England was forced to step into the government bond markets again to attempt to stem a damaging debt sell-off. Sterling was last flat against the dollar at $1.1062, having earlier fallen...
Rouble Hits Multi-Month Low Past 64 vs Dollar on Ukraine Escalation Fears
Date: October 11, 2022
MOSCOW (Reuters) – The Russian rouble slumped to a more than three-month low past 64 to the dollar on Tuesday, hurt by escalating geopolitical risks linked to the conflict in Ukraine and reduced supply of foreign currency among exporters. By 1409 GMT the rouble was down 2.1% against the dollar at 64.03, its weakest since...
Sterling Slides as Bets for Aggressive U.S. Tightening Boost Dollar
Date: October 10, 2022
By Alun John LONDON (Reuters) -Sterling slid versus the dollar on Monday after Friday’s strong U.S. labour market data supported bets the Federal Reserve will keep raising rates aggressively. The pound dropped to a 10-day low of $1.1027 in early London trade, but recovered some ground after the Treasury said Britain will publish its medium-term...
Swiss National Bank Cuts Overnight Deposits by 30 Billion Francs
Date: October 10, 2022
ZURICH (Reuters) – The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed, illustrating how the central bank is tightening monetary policy by reducing market liquidity. Total sight deposits, which include other deposits on sight in Swiss francs,...
Analysis-How China’s Xi Accumulated Power, and Why It Matters in a Third Term
Date: October 10, 2022
By Yew Lun Tian BEIJING (Reuters) – One of Xi Jinping’s first moves after winning China’s top job as general secretary of the Communist Party in 2012 was to reinstate regular “democratic life sessions” with fellow leaders in the 25-member Politburo, a staple of the Mao Zedong era. Restoring the practice, which entails self-criticism in...