foreign-exchange
InvestingGlobal Shares Decline, Bond Yields Slide and Dollar Rallies Amid Inflation Fears
Top StoriesWest Seeks to Unblock Ukraine’s Grain Ports, Putin Warns of Energy ‘catastrophe’
Top StoriesDollar Mostly Flat as Traders Await Key U.S. Data
Top StoriesAnalysis-Euro’s 20-year Low Leaves ECB Facing Costly Choices
Dollar Continues Dream Run, Little Stands in Its Way
Date: July 7, 2022
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed. The recent sell-off in risk assets and bond...
Dollar Gains, Euro Falls as Energy Drives Currency Swings
Date: July 6, 2022
By Herbert Lash (Reuters) -The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising energy prices and potential shortages cast a long shadow over the euro zone’s economy. The dollar index, which tracks the greenback versus a basket of six currencies, shot above 107, while...
Sterling to Regain Some Lost Ground Over Coming Year – Reuters Poll
Date: July 6, 2022
By Jonathan Cable LONDON (Reuters) – Sterling, down nearly 12% against the dollar since the start of this year, is likely to regain around half of its lost ground in 2022 over the next 12 months as the Bank of England looks set to continue raising interest rates, a Reuters poll found. The BoE was...
Euro Falls to Lowest Since 2002 on Concerns Over Energy Prices
Date: July 6, 2022
By Stefano Rebaudo (Reuters) -The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs. All oil and gas fields that were affected by a strike in...
Weak Sterling Boosts FTSE 100 Amid Political, Growth Worries
Date: July 6, 2022
By Sruthi Shankar (Reuters) -UK stock markets on Wednesday rebounded from a sharp sell-off, with exporter-heavy FTSE 100 benefiting from a weakness in sterling as economic worries were compounded by a crisis in Boris Johnson’s government. The FTSE 100 rose 1.2% to recover from its worst session in three weeks, boosted by shares of dollar...
Sterling Jumps vs Euro, Slips vs Dollar in Thin July Trade
Date: July 5, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Tuesday against a strengthening U.S. dollar but jumped against the euro in July thinned trade with markets watching for any sign from the Bank of England on its monetary policy path. With some liquidity expected to return to the foreign exchange market later in the day...