foreign-exchange
TradingDollar Bounces, Sterling Tumbles on Dovish BoE
TradingSterling Drops Back Towards 21-month Lows Before BoE Decision
Top StoriesSterling Little Changed Near 21-month Low Ahead of BoE, Fed
Top StoriesSterling Steady Near 21-month Low Ahead of BoE, Fed
Vitol Sends First Shipment of Russian Espo Crude Cargo to Uae, Data Shows
Date: May 4, 2022
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) – The world’s largest independent oil trader, Vitol, loaded a cargo of Russian ESPO Blend crude for the United Arab Emirates this week, the first such voyage for the grade, data from several analytics firms showed. Suezmax tanker Kriti Breeze, chartered for $2.3 million, loaded the 740,000-barrel...
Dollar Dips Before Fed Announcement, Aussie Gains After Rate Hike
Date: May 3, 2022
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar fell against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20-year high last week on expectations the U.S. central bank...
Putin Puts West on Notice: Moscow Can Terminate Exports and Deals
Date: May 3, 2022
By Guy Faulconbridge LONDON (Reuters) – Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin’s toughest response yet to the sanctions burden imposed by the United States and allies over the Russian invasion of Ukraine. Putin, Russia’s paramount leader since 1999, signed a broad...
Sterling Bounces Higher as Dollar Surge Eases
Date: May 3, 2022
LONDON (Reuters) – The British pound rose on Tuesday, moving away from 21-month lows against the dollar as traders took profits on the recent surge in the U.S. currency ahead of both Federal Reserve and Bank of England monetary policy meetings this week. The Bank of England meeting, which is expected to result in a...
Dollar Approaches 20-year Highs, Fed Meeting in Focus
Date: May 2, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than expected. The Fed has taken...
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
Date: May 2, 2022
LONDON (Reuters) – The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that euro zone manufacturing output...