foreign-exchange
Top StoriesU.S. Dollar Gains Ahead of Fed; Swedish Crown Falls After Hike
TradingYen Jumps vs Dollar After BOJ Rate Check, Hints on Intervention, U.S. Ppi Data
InvestingYen Stems Losses After Report of BOJ Rate Check, Hints on Intervention
Top StoriesDollar Falls Ahead of U.S. Inflation Data; Euro Jumps
Sterling Falls to Weakest Since Early 2021 Against Euro
Date: September 12, 2022
LONDON (Reuters) -Sterling briefly fell to its lowest level since early 2021 against a robust euro on Monday, while news that Britain’s economy grew less than expected in July highlighted a weak growth outlook. A broad pullback in the dollar meant there was some respite for a battered pound, which rallied over 1% to $1.1705...
Exclusive: Biden to Hit China With Broader Curbs on U.S. Chip and Tool Exports
Date: September 12, 2022
By Karen Freifeld and Alexandra Alper WASHINGTON(Reuters) – The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year...
Resilient U.S. Dollar Soars to 24-year High vs Yen, 37-year Peak vs Sterling
Date: September 8, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling on Wednesday, as Japan’s dovish monetary policy and Europe’s economic problems contrasted with a relatively stronger U.S. economy and a hawkish Federal Reserve determined to bring down inflation to its 2% inflation target....
Worst Not Over for Em Currencies as U.S. Dollar Thunders On: Reuters Poll
Date: September 7, 2022
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU (Reuters) – Emerging market currencies will find it difficult to reclaim ground lost this year as relentless Federal Reserve rate hikes and safe-haven demand keep the dollar ascendant, a Reuters poll of currency strategists found. A stampede into the greenback pushed the wider index of emerging market currencies...
Sterling Slides Below $1.15 for First Time Since 2020
Date: September 2, 2022
By Tom Wilson and Samuel Indyk LONDON (Reuters) -Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds gathered over the British economy and investors seek safety in the U.S currency. Adding to August losses that amounted to its worst month since late 2016, the pound briefly slid...
EU to Restrict Travel Rules for Russians, Split on How Far to Go
Date: August 31, 2022
By Sabine Siebold and Robert Muller PRAGUE (Reuters) -The EU’s foreign policy chief on Wednesday urged bickering nations to settle their differences on restricting travel for Russian citizens, saying Europe must remain united vis-a-vis Moscow six months after the invasion of Ukraine. Josep Borrell made his warning as foreign ministers of the European Union gathered...