foreign-exchange
Top StoriesSterling Tumbles More Than 1% vs Dollar After U.S. Inflation Data
Top StoriesSwitzerland Adopts New EU Sanctions Against Russia, Belarus
Top StoriesSterling Set for Second Weekly Decline vs Dollar as Economic Outlook Weighs
Top StoriesDollar Gains Ahead of Inflation Data, Euro Falls After ECB
Pound Inches Down vs Dollar, Euro Before ECB Rate Decision
Date: June 9, 2022
By Lucy Raitano LONDON (Reuters) – The British pound softened versus the U.S. dollar and the euro on Thursday as a gloomy economic outlook and political worries weighed on the currency while the market turned its focus to an imminent announcement from the European Central Bank. By 0842 the pound was down 0.1% against the...
Yen Tumbles Against Euro as Central Bank Policy Diverges
Date: June 8, 2022
By Samuel Indyk LONDON (Reuters) – The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year. The ECB is...
Dollar Hits 2-decade High vs Yen, Sterling Struggles
Date: June 7, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades. The yen dropped to a 20-year low of 133 per dollar, levels that had previously been highlighted as intervention...
Dollar Edges up as Stocks Rally, Inflation Data Eyed
Date: June 6, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar advanced modestly on Monday as a boost in risk appetite sent U.S. equities higher and kept gains on the safe haven in check ahead of a key reading on inflation later in the week. After touching a near twenty-year high of 105.01 on May 13, the...
India Potash’s Rouble-Rupee Payment Deal Stumbles in Russian Bank
Date: June 6, 2022
By Nidhi Verma and Aftab Ahmed NEW DELHI (Reuters) – Russia’s Sberbank has yet to process the first payment from Indian Potash Ltd (IPL) under a deal set up before the Ukraine war to enable IPL to pay for Belarusian potash using rupees rather than dollars, according to a letter seen by Reuters and two...
ECB Rates Pledge Spurs Punchy Hedge Fund Euro Bets: McGeever
Date: June 6, 2022
By Jamie McGeever ORLANDO, Fla. (Reuters) -The European Central Bank appears committed to start raising interest rates next month, opening the door for hedge funds to load up on euros. And that is exactly what they are doing. U.S. futures market data shows speculators are holding their biggest net-long euro position in 12 weeks, and...