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TradingRouble Steadies Near 104 vs Dollar, Russia Pays Eurobond Coupon
Top StoriesDollar Dips, Yen Near Six-Year Lows as Ukraine Crisis Weighs
Euro Set for Biggest Weekly Rise in 6 Weeks
Date: March 18, 2022
By Saikat Chatterjee LONDON (Reuters) – The euro weakened on Friday but was set for its biggest weekly gains in six weeks as traders breathed a sigh of relief after Russia avoided default on dollar-denominated debt and markets weighed the broader impact of the start of the U.S. rate hike cycle. The single currency drifted...
Pound Falls After BoE Raises Rates but Sounds Less Sure About Future Hikes
Date: March 17, 2022
LONDON (Reuters) -The British pound dropped on Thursday after the Bank of England raised interest rates but sounded less certain about the pace of further tightening to combat soaring inflation. Sterling had gained before the BoE announced its Monetary Policy Committee had voted 8-1 to raise rates 25 basis points to 0.75%. The one dissenter...
Euro Edges Up, Focus on Ukraine Talks
Date: March 17, 2022
By Stefano Rebaudo (Reuters) -The euro rose on Thursday with investors closely watching for developments in talks between Russia and Ukraine, while the Federal Reserve’s monetary policy decision failed to affect the market as the bar for a hawkish surprise was high. The Kremlin said that Russia was putting colossal energy into talks on a...
Euro Pares Gains, Focus on Talks Over Ukraine
Date: March 17, 2022
By Stefano Rebaudo (Reuters) -The euro gave up some gains on Thursday with investors closely watching any developments in talks between Russia and Ukraine, while the Federal Reserve’s monetary policy decisions failed to affect the market as the bar for a hawkish surprise was high. The Kremlin said that Russia was putting colossal energy into...
Russian Rouble Rises in Low Volumes, Market Eyes Coupon Payments
Date: March 16, 2022
(Reuters) -The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be un-tradable. Bombs rained down on Ukrainian cities despite talk of compromise from both Moscow and Kyiv in peace negotiations, three weeks after the start of the Russian invasion. Market...
Dollar Index Rises After Fed Announcement
Date: March 16, 2022
By David Henry and Herbert Lash NEW YORK (Reuters) – The dollar index turned up for the day on Wednesday shortly after the U.S. Federal Reserve raised interest rates by the expected quarter of a percentage point and projected its policy rate would go as high as 2% by the end of the year. The...