foreign-exchange
Top StoriesBritain’s Bleak Outlook Sets Sterling to Downward Spiral
Top StoriesRussian Rouble Firms Towards 60 vs Dollar, Stocks Up
Top StoriesSterling Rises 0.5% as Dollar Takes a Breather
Top StoriesRouble Steadies Near 60 vs Dollar; Tcs, M.Video Shares Down After Results
Dollar Higher on Risk Aversion; Euro Revisits Parity
Date: August 22, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing fears that interest-rate hikes in the United States and Europe, aimed at curbing inflation, would weaken the global economy. Against a basket of...
Britain’s Cost of Living Crisis Sends Sterling to Lowest Since mid-July
Date: August 22, 2022
By Joice Alves LONDON (Reuters) – Sterling fell to its lowest since mid-July against the dollar on Monday as surging energy costs and a summer of strikes highlighted the UK cost of living crisis and intensified fears for further economic slowdown. Amid worries around Britain’s surging inflation and declining economy, sterling recorded its biggest weekly...
Gas Crisis Sends Euro Back Below Parity Against Dollar
Date: August 22, 2022
By Dhara Ranasinghe and Joice Alves LONDON (Reuters) – The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis. China’s yuan dropped to its lowest in...
How to Successfully Implement a Currency Hedging Strategy
Date: August 18, 2022
By Vivek Savani, Executive Director, iBanFirst UK Identifying risks of changes in currency exchange rates Although every company has its own variation of a risk management strategy, the common issue they share is susceptibility to unpredictable changes in currency exchange rates. The first steps a business must take in managing and reducing risk and overheads...
Shares Struggle After Hot UK Inflation, New Zealand Rate Hike
Date: August 17, 2022
By Danilo Masoni (Reuters) – World shares struggled and oil prices fell on Wednesday as the UK’s highest inflation since 1982 and a rate hike in New Zealand reminded investors of the challenges facing the global economy. MSCI’s benchmark for global stocks came off initial highs and by 1055 GMT it was barely changed, signalling...
Dollar Gains Before Fed Meeting Minutes
Date: August 17, 2022
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained on Wednesday before the Federal Reserve is due to release minutes from its July meeting, and the greenback briefly hit a session high against a basket of currencies after data showed that U.S. consumer spending was steady in July. Bets that the U.S. central...