foreign-currency
TradingSterling Eyes Tentative Rebound After 3-week Losing Streak
TradingWill the Mighty Dollar Become a Problem?
Top StoriesRussians Advance, Zelenskiy Expects Escalation as EU Set to Welcome Ukraine
TradingSterling Gains, on Track to Snap 3-week Losing Streak
Yen Tanks as BOJ Sticks to Stimulus, Caps Volatile Week for Fx
Date: June 17, 2022
By John McCrank NEW YORK (Reuters) -The Japanese yen tumbled against the dollar on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-accommodative stance, adding to soaring volatility in currency markets hit by a series of rate hikes this week. Currency markets have been roiled by one of...
Sterling Slips as Dollar Stands Tall
Date: June 17, 2022
By Tom Wilson LONDON (Reuters) – Sterling slipped on Friday against a strengthening U.S. dollar, giving up gains made a day earlier after the Bank of England raised interest rates. The pound fell as much as 0.5% against the dollar to $1.2290, off from a one-week high of $1.2405 touched a day earlier. It was...
Yen Tanks 1.9% After BOJ Sticks to Stimulus, Franc Climbs Again
Date: June 17, 2022
LONDON/TOKYO (Reuters) – The Japanese yen fell as much as 1.9% on Friday after the Bank of Japan bucked a wave of tightening and stuck with its ultra-low interest rate stance, as currency markets looked set for another volatile session after a spate of rate hikes this week. The Swiss National Bank’s surprise decision to...
Russia Needs Export Rethink but No Capital Controls, Central Bank Chief Says
Date: June 16, 2022
(Reuters) -Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday. Nabiullina, speaking at Russia’s flagship annual economic conference in St. Petersburg, said that a “substantial part” of Russian industry should...
Ukraine Needs Strong Signal From Eu, Macron Says Ahead of Possible Visit
Date: June 15, 2022
By Luiza Ilie and Manuel Ausloos CONSTANTA, Romania (Reuters) – President Emmanuel Macron voiced a tougher line on Russia on Wednesday and said Europe needed to send a strong signal to Ukraine as he sought to assuage concerns in Kyiv and among some European allies over his previous stance towards Moscow. Macron arrived in Romania...
Must Stay Focused on Ukraine During ‘pivotal’ Moment- Pentagon Chief
Date: June 15, 2022
By Idrees Ali and Sabine Siebold BRUSSELS (Reuters) -Russia’s invasion of Ukraine was at a “pivotal” moment and the United States and its allies could not lose focus on the three-month long conflict, U.S. Defense Secretary Lloyd Austin said on Wednesday during a meeting of dozens of defense ministers in Brussels. The meeting on the...