foreign-exchange
Top StoriesAnalysis-Japan Widens Fx Watch to Include Risk of Yen Spike as U.S. Recession Fears Mount
Top StoriesEuro Reverses Fall, Dollar Drops Ahead of Euro Zone Price Data
TradingEuro Drops Against U.S. Dollar Amid Renewed Safe-Haven Demand
Top StoriesFurther Pain in Store for Asian Currencies After Turbulent First-Half
Doctors, Bankers Protest ‘impossible Situation’ as Sri Lanka Runs Out of Fuel
Date: June 29, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island’s worst economic crisis in decades or step down. Weeks of street demonstrations against cascading woes such as power cuts and...
Rouble Hits 7-year Peak vs Dollar After West Says Russia in Default
Date: June 28, 2022
MOSCOW (Reuters) – The rouble hit a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds for the first time in more than a century. The White House and Moody’s credit agency said Russia has defaulted...
Africa’s Dream of Feeding China Hits Hard Reality
Date: June 28, 2022
By Duncan Miriri and Joe Bavier THIKA, Kenya (Reuters) – Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels in the thought some might soon go to the crown jewel of emerging consumer markets: China. Taking advantage of Beijing’s deeper focus on trade...
Dollar Stumbles as Markets Reassess Rate Bets, Eye ECB
Date: June 27, 2022
By Saikat Chatterjee and Hannah Lang LONDON and WASHINGTON (Reuters) – The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a broader decline. Aggressive rate hike bets have boosted the dollar with an index rising...
Analysis-Hungary’s Sliding Forint Pressures PM Orban to Reach Deal on EU Funds
Date: June 27, 2022
By Krisztina Than BUDAPEST (Reuters) – The Hungarian forint fell to a record low against the euro on Monday, exposing the economy’s vulnerabilities and putting pressure on Prime Minister Viktor Orban to reach a deal with Brussels on the release of frozen European Union funds. Unblocking access to about 15.5 billion euros of EU recovery...
U.S. Dollar Slides as Markets Re-Evaluate Fed Rate Path
Date: June 24, 2022
By Sujata Rao and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession....