foreign-exchange
Top StoriesEuro Jumps as ECB Holds Unscheduled Meeting, Dollar Awaits Fed Move
Top StoriesPound Reclaims $1.20 but Headwinds Keep Blowing
Top StoriesDollar Edges Higher as Traders Await Fed Rate Move
Top StoriesEuro Most Resilient to Climate Change, Yuan Most Exposed – Barclays
Moscow Exchange Suspends Swiss Franc Trading After New Sanctions
Date: June 14, 2022
(Reuters) – The Moscow Exchange said it would suspend trading of the Swiss franc against the rouble and the U.S. dollar from Tuesday after Switzerland adopted new EU sanctions against Russia. The Moscow Exchange, Russia’s largest bourse, said it was having difficulty conducting transactions in the Swiss currency as a result of new trading restrictions...
Dollar at Two-Decade High as Risky Assets Sell Off; Yen Recovers Ground
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven U.S. dollar rose to a fresh two-decade high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation...
Sterling Hits 2-year Low as GDP Dips, post-Brexit Tensions Rise
Date: June 13, 2022
By Julien Ponthus LONDON (Reuters) -Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data showing Britain’s economy unexpectedly shrunk in April and tensions with the European Union over post-Brexit trade with Northern Ireland. UK gross domestic product contracted by 0.3% after inching down by 0.1%...
Dollar Higher as Risky Assets Tumble; Yen Rebounds From 1998 Lows
Date: June 13, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The safe-haven dollar rose to a fresh four-week high against a basket of currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. Global financial markets continued to smart from Friday’s hotter-than-expected U.S. inflation data...
Surprise British GDP Drop, EU Tensions Add to Sterling Woes
Date: June 13, 2022
By Julien Ponthus LONDON (Reuters) -Sterling fell against the dollar on Monday, coming under downward pressure from data showing Britain’s economy had unexpectedly shrunk in April and from tensions with the European Union over post-Brexit trade with Northern Ireland. Gross domestic product contracted by 0.3% after falling by 0.1% in March, the first back-to-back declines...
Yen Falls to Lowest Level Since 1998 as U.S. Yields March Higher
Date: June 13, 2022
By Alun John HONG KONG (Reuters) – The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and U.S. benchmark yields widened after red hot U.S. inflation data drove U.S. Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998,...