foreign-currency
Top StoriesUkraine Keeps up Counterattack to North of Kharkiv, Britain Says
Top StoriesZelenskiy Calls on German Chancellor to Visit Ukraine on May 9
Top StoriesUkraine Plight Could Be Replicated in East Asia, Japan’s Kishida Warns
Top StoriesExplainer-Might Russia Use Nuclear Weapons in the Ukraine War?
Dollar Index Hits 20-year High, Sterling Tumbles on Dovish BoE
Date: May 5, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the Fed might...
Pound Skids 2% on BoE Recession Warning, Biggest Daily Fall Since 2020
Date: May 5, 2022
By Samuel Indyk LONDON (Reuters) -Britain’s pound and government bond yields slid on Thursday, after the Bank of England raised interest rates to their highest since 2009 but warned that the economy was at risk of recession. Sterling tumbled more than 2% against the dollar to a low of $1.23615, its lowest since July 2020.....
Russian Rouble Hits Highest Level Since March 2020; Sanctions Talk in Focus
Date: May 5, 2022
(Reuters) -The Russian rouble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow. The volatile currency hit a high of 65.31 per dollar in early trading on the Moscow Exchange but...
Russia Expels Danish Diplomats in Retaliatory Move
Date: May 5, 2022
(Reuters) – Russia’s foreign ministry on Thursday said it had declared seven employees of the Danish embassy in Moscow ‘persona non grata’ in response to a similar move by Copenhagen last month, with Moscow also objecting to Denmark’s military assistance to Ukraine. The ministry said Denmark’s openly anti-Russian policy was seriously damaging bilateral relations and...
Russia Says Western Intelligence to Ukraine Won’t Thwart Its Goals
Date: May 5, 2022
(Reuters) – The Kremlin said on Thursday that the United States, Britain and other NATO countries were “constantly” feeding intelligence to Ukraine but this would not stop Russia from achieving its military objectives there. Kremlin spokesman Dmitry Peskov was responding to a New York Times report that the United States had provided intelligence that helped...
Euro’s Post Fed Glow Fades on Bleak German Industrial Orders
Date: May 5, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro pulled back from a one-week high against the U.S. dollar on Thursday after German industrial orders fell more than expected in March, signalling Europe was facing growing headwinds from the war in Ukraine. The dollar had weakened after the Fed raised interest rates by 50 basis points....