foreign-exchange
Top StoriesDollar Dips to End Trading Week but Set for Weekly Gain
Top StoriesEuro Falls Back Towards 2017 Lows on Russian Energy Crisis
BankingWhy Are Banks Falling Behind on the Competition for International Bank Transfers?
TradingDollar Moves Off Lows on Heels of Inflation Data
From Volatility to Value – How Hedging Technology Is Helping Businesses Manage Exchange Rate Risk
Date: May 9, 2022
By Seth Phillips, CEO and founder of the automated hedging platform Bound To borrow the words of poet and civil rights activist Maya Angelou: “Hope for the best, prepare for the worst, and be unsurprised by anything in between.” For businesses trading with partners in other countries, the constantly shifting sands of currency exchange rates...
U.S. Dollar Rides to Two-Decade Highs as Yields Rise
Date: May 9, 2022
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar climbed to a two-decade high on Monday as rising U.S. Treasury yields prompted hedge funds to add to their bullish bets while the Chinese yuan weakened below 6.77 levels after weak trade data. The latest leg of the dollar’s rise, which began after the Federal Reserve...
Battered Sterling Falls to Fresh Lows Against Dollar
Date: May 9, 2022
LONDON (Reuters) – Britain’s battered pound fell to its lowest level since June 2020 for a third straight day on Monday against a broadly robust dollar. News that Irish nationalist party Sinn Fein won the most seats in the Northern Ireland’s devolved assembly for the first time in elections last Thursday added to the pound’s...
Rouble Weakens Sharply From Over 2-year High vs Euro Before Long Weekend
Date: May 6, 2022
(Reuters) -The Russian rouble dropped sharply on Friday, pulling back from a more than two-year high against the euro as the spectre of more sanctions against Moscow hung over markets ahead of a second consecutive long holiday weekend. The European Union’s executive on Wednesday proposed the toughest package of sanctions yet against Russia for its...
Dollar Index Slips From 20-year High, Fed Rate Path in Focus
Date: May 6, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar slipped against a basket of currencies on Friday after two volatile days as investors focused on how aggressive the Federal Reserve will be in hiking rates as it tackles rising inflation. The dollar index hit a 20-year high overnight on safe haven demand, following a sharp...
Sterling Hits New Lows Against Dollar and Euro After BoE
Date: May 6, 2022
(Reuters) -Sterling hit new lows against the dollar and the euro after the Bank of England warned of recession risks, triggering expectations of a slowdown in its rate-hiking cycle. The pound, which slid more than 2% on Thursday in its biggest daily drop since March 2020, was set to end Friday with its third straight...