foreign-exchange
Top StoriesEuro and Yen Rebound vs Dollar, Swiss Franc Gains on Inflation Jump
Top StoriesAfter Sharp Fall, Hungarian Forint Faces Slow Recovery Over Next Year – Reuters Poll
TradingDollar Advances vs Euro as Upbeat U.S. Data Lends Support
Top StoriesDollar Edges up Against Euro, Hits Two-Week High vs Yen
Turkey’s Talks With Sweden, Finland Made Little Progress on NATO Concerns -Sources
Date: May 27, 2022
By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) -Talks between Turkish officials and delegations from Sweden and Finland have made little headway overcoming Ankara’s objections to their NATO membership bids, and it is not clear when further discussions will take place, according to two sources. Swedish and Finnish diplomats met in Turkey on Wednesday in...
Exclusive: How Russian Billionaire Melnichenko Shielded Assets From European Sanctions
Date: May 27, 2022
By David Gauthier-Villars and Gabriela Baczynska ISTANBUL/BRUSSELS (Reuters) – Russian businessman Andrey Melnichenko ceded control of two of the world’s largest coal and fertilizers companies to his wife the day before he was sanctioned by the European Union, according to three people familiar with the matter. Melnichenko, who made his fortune in Russia’s energy industry...
Global Shares Rally on Relief After Fed Minutes
Date: May 26, 2022
By Elizabeth Dilts Marshall NEW YORK (Reuters) – World stock markets broadly rose on Thursday and bond yields eased as no hawkish surprises from the latest U.S. Federal Reserve minutes helped soothe immediate worries over the impact of interest rate hikes on economic growth. Wall Street extended its rally from Wednesday. By midmorning, all three...
Dollar Eases as Traders Scale Back Bets on Fed Tightening
Date: May 26, 2022
By John McCrank NEW YORK (Reuters) – The U.S. dollar dipped on Thursday after minutes from the Federal Reserve’s May meeting pointed to additional 50 basis point interest rate hikes in June and July but left wiggle room for the central bank to slow the tightening cycle in the second half of the year. The...
Dollar Edges Back Towards One-Month Low
Date: May 26, 2022
By Samuel Indyk LONDON (Reuters) – The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six major peers,...
Sterling at 2-week Highs vs Broadly Weaker Dollar
Date: May 23, 2022
By Lucy Raitano LONDON (Reuters) – The pound rallied on Monday, persisting at more than two-week highs against a broadly weaker dollar, as traders await key data on the UK’s manufacturing industry this week. By 0836 GMT sterling was up 0.46% against the dollar at $1.25530, its highest level since May 5. The strength of...