foreign-exchange
Top StoriesHong Kong Exchange Sees Further Headwinds After First-Half Profit Drop
Top StoriesAnalysis: Action Wanes at U.N. To Isolate Russia Almost Six Months Into Ukraine War
Top StoriesNz, Aussie Dlrs Have Busy Day, Fed Minutes Loom
Top StoriesDollar Steady Before Retail Sales, Fed Minutes
Sterling Falls vs Dollar as Focus Turns to UK Data
Date: August 15, 2022
LONDON (Reuters) – The British pound fell on Monday against a broadly stronger dollar at the start of a week where traders and the Bank of England (BoE) will get the latest insight into the strength of the labour market and price pressures. Focus is on jobs data on Tuesday and inflation figures on Wednesday,...
Dollar Set for Weekly Fall as Markets Reassess Fed Rate Hike Bets
Date: August 12, 2022
By Elizabeth Howcroft LONDON (Reuters) -The dollar rose on Friday but was still set for a weekly decline as traders looked for signs of U.S. inflation peaking. U.S. inflation figures on Wednesday and Thursday were lower than expected, boosting riskier assets such as equities and weakening the dollar, as markets interpreted the data as indicating...
Dollar Remains Under Pressure as Traders Reassess Rate Hike Bets
Date: August 11, 2022
By John McCrank NEW YORK (Reuters) – The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve. Investors slashed bets on the possibility that the...
Dollar Extends Declines as Traders Pull Back Rate Hike Bets
Date: August 11, 2022
By John McCrank NEW YORK (Reuters) – The dollar extended its losses against other major currencies on Thursday, a day after a report showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back expectations for rate hikes by the Federal Reserve going forward. Investors slashed bets on the possibility...
Safe Haven Dollar Eases as Risk Appetite Lifted by Jobs Data
Date: August 8, 2022
By John McCrank and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar eased on Monday, giving back some of the gains it made following Friday’s blockbuster U.S. jobs report, as investors looked ahead to Wednesday’s inflation data for more clues about the Federal Reserve’s next steps. U.S. job growth rose much more than expected in July,...
Sterling Holds Near $1.21 as Traders Review BoE Forecasts
Date: August 8, 2022
By Samuel Indyk LONDON (Reuters) – The British pound was little changed against the dollar and euro on Monday as traders digested last week’s Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy. The data, expected to show a...