foreign-currency
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Top StoriesDollar Dips Ahead of Powell Speech
Russian Rouble Opens Flat, Sticks to 60-mark Against U.S. Dollar
Date: August 26, 2022
(Reuters) – The Russian rouble opened flat in trading on Friday as month-end tax payments by exporters helped keep the currency hovering around the benchmark 60-level against the U.S. dollar. The Russian currency was unchanged against the dollar at 60.13 at 0723 GMT, and had slipped 0.3% against the euro to trade at 59.74. The...
Dollar Edges Lower as Investors Wait on Fed’s Powell
Date: August 25, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar index and the euro both slipped on Thursday in choppy trading as investors waited on a speech by Federal Reserve Chairman Jerome Powell on Friday for further clues about the ongoing pace of the U.S. central bank’s rate hikes. Investors are tossing up between the likelihood...
German Exporters Pinched by 70-billion-euro Price Squeeze – Dihk
Date: August 25, 2022
By Rene Wagner BERLIN (Reuters) – German exporters are in an “extreme price squeeze” and incurred extra costs of 70 billion euros ($69 billion) this year due to soaring producer and import prices, the Association of German Chambers of Industry and Commerce (DIHK) said on Wednesday. According to surveys and calculations made by the Association,...
Sterling Holds Steady Versus the Dollar
Date: August 24, 2022
By Tom Wilson and Samuel Indyk (Reuters) – Sterling was steady against the dollar on Wednesday, holding above a 2-1/2 year low touched a day earlier after data added to signs that a recession may be looming in Britain. The pound was flat versus the dollar at $1.1829 by 0840 GMT, after recovering slight losses...
Rouble Steadies Near 60 vs Dollar, Stocks Down
Date: August 24, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble eased on Wednesday but still traded near 60 against the dollar as it retained some support from month-end tax payments that prompt export-focused firms to step up conversion of foreign currency, while stock...
Dollar Slides on Contraction in Private Sector Activity
Date: August 23, 2022
By Dhara Ranasinghe LONDON (Reuters) – The dollar pulled back from a fresh two-decade high against the euro on Tuesday after a report showed U.S. private sector activity contracted for a second-straight month in August, raising prospects the Federal Reserve will ease its rate hiking cycle. The S&P Global flash composite purchasing managers index (PMI)...