foreign-currency
Top StoriesEuro’s Losses Deepen After Inflation Data
Top StoriesRouble Firms Towards 61 vs Dollar Despite EU Sanctions
Top StoriesRussians, Ukrainians Fight on Outskirts of Sievierodonetsk, EU Haggles Over Oil Ban
Top StoriesSterling Steady Near One-Month High
Russia to Service Foreign Debt Using Gas-For-Roubles Type Scheme -Vedomosti
Date: May 30, 2022
(Reuters) -Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in roubles, the Vedomosti newspaper reported, citing Finance Minister Anton Siluanov. The United States pushed Russia closer to the brink of a historic debt default last Wednesday by not extending its licence to pay...
Dollar Drifts Toward Monthly Loss as Fed Bets Ease
Date: May 30, 2022
By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. The week ahead is full...
Dollar Drifts up but Set for Biggest Weekly Drop in 4 Months
Date: May 27, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A...
Blinken to Say China Strategy Is About Rules-Based Order, Not ‘new Cold War’
Date: May 26, 2022
By Michael Martina and Humeyra Pamuk WASHINGTON (Reuters) – The United States does not seek to sever China from the global economy, but wants Beijing to adhere to international rules, U.S. Secretary of State Antony Blinken is expected to say in a long-awaited speech on Thursday. “This is not about a new Cold War. This...
Dollar Steady Near One-Month Low as Fed Minutes Contain Few Surprises
Date: May 26, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar was little changed on Thursday, hovering above a one-month low, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six...
Sterling Regains Some Lost Ground vs Euro, Steady Against Dollar
Date: May 25, 2022
LONDON (Reuters) – The pound reclaimed some lost ground against a weakening euro on Wednesday, a day after plunging following weak data and ahead of the expected release of a report into lockdown-breaking parties at Downing Street. Senior civil servant Sue Gray is expected to publish the report on Wednesday, heaping more pressure on Prime...