foreign-exchange
Top StoriesExplainer-Sri Lanka’s Reluctance to Tap IMF Helped Push It Into an Economic Abyss
TradingEuro Hovers Near Two-Year Low vs Dollar as ECB Disappoints Markets
Top StoriesRussian Companies, Global Banks Could Reap Windfall From Depositary Receipt Delisting
Top StoriesGlobal Equities Waver on Inflation View as Falling Oil Supplies Lift Prices
Sterling Drops to Lowest Since Nov 2020 After UK Inflation Data
Date: April 13, 2022
By Joice Alves LONDON (Reuters) – Sterling dropped on Wednesday to its lowest level against the U.S. dollar since November 2020 as British consumer price inflation leapt to its highest level in three decades. Raising doubts on how aggressive the Bank of England tightening measures will be, British consumer prices jumped to an annual rate...
Investors Snap up Dollar on Hawkish Fed Views; Yen Slumps Past 126
Date: April 13, 2022
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002 while the euro was pinned at a one-month low as investors flocked to the U.S. currency after some hawkish comments by Federal Reserve officials. Though U.S. monthly underlying inflation pressures...
Dollar Rebounds as Brainard Assures Markets Fed Will Stay the Course
Date: April 12, 2022
By Hannah Lang WASHINGTON (Reuters) -The dollar rebounded on Tuesday after digesting slightly softer-than-expected U.S. inflation data, while the euro extended losses ahead of a policy-setting meeting at the European Central Bank. Federal Reserve Governor Lael Brainard said on Tuesday that there were some signs of “welcome” cooling in the latest inflation readout, but emphasized...
Sterling Strengthens Slightly, Holding Around $1.30
Date: April 12, 2022
By Elizabeth Howcroft LONDON (Reuters) -Sterling strengthened slightly on Tuesday, hovering around the $1.30 level for its third session in a row, having shown little reaction to news that Britain’s prime minister and finance minister will receive fines for breaking lockdown rules. World stocks edged higher after a wobbly start, while U.S. Treasury yields slipped...
Sri Lanka Unilaterally Suspends External Debt Payments, Says Needs Money for Essentials
Date: April 12, 2022
By Uditha Jayasinghe and Jorgelina do Rosario COLOMBO/LONDON (Reuters) -Sri Lanka’s central bank said on Tuesday it had become “challenging and impossible” to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials like fuel. The island nation’s reserves have slumped more than two-thirds in the past two years,...
Euro Boosted by French Election, Dollar Near Two-Year Highs
Date: April 11, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar held just below two-year highs against a basket of currencies on Monday as it continued to be supported by higher U.S. Treasury yields, while the euro rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the country’s first round of presidential voting....