foreign-exchange
Top StoriesBeneath a Portrait of Putin, Some Ukrainians Embrace Russian Passports
Top StoriesSterling Edges Higher as Economic Outlook Darkens Rate View
Top StoriesDollar Slips, Riskier Currencies Gain as Market Rebounds
Top StoriesSterling Posts Biggest Weekly Gain Against Dollar in Two-Months
Stocks Dip, Euro Volatile After ECB Rate Hike
Date: July 21, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stock markets lost ground after four straight sessions of gains, while the euro rose in volatile trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to tame inflation. The ECB had for...
Dollar Slips as ECB Rate Hike Hopes Lift Euro
Date: July 19, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against the euro for a third straight session on Tuesday, following a Reuters story that European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation. The rebound in the euro,...
Sterling Surges vs Weakening U.S. Dollar, Political Risks Caps Rally
Date: July 18, 2022
By Joice Alves LONDON (Reuters) – Sterling surged against a weakening U.S. dollar on Monday as markets scaled back some of their bets on Federal Reserve rate hikes, but the UK currency’s rally was capped by political risks and persistent recession fears in Britain. Sterling touched a more than two-year low of $1.1761 on Thursday,...
Euro at One-Week High, Helped by Rowback in Fed Rate Hike Bets
Date: July 18, 2022
By Sujata Rao and Rae Wee LONDON (Reuters) – The euro firmed to a one-week high on Monday, benefiting from the dollar’s retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace. The comments made late last week knocked the dollar off two-decade highs and encouraged traders to...
Dollar Set for 3rd Consecutive Week of Gains as Recession Risks Loom
Date: July 15, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were under pressure...
Dollar Consolidates at 2-decade High; Euro at Parity
Date: July 15, 2022
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar held at a two-decade high on Friday as a broad wave of risk aversion swept through global markets, with traders flirting with the prospect of a 100 basis point rate hike by the Federal Reserve later this month. Currencies perceived as riskier, including the Aussie and...