foreign-exchange
Top StoriesEuro Off 22-month Lows as Ukraine Crisis Grips
Top StoriesEuro Set for Biggest 3-day Drop in 2 Years as Oil Prices Soar
Top StoriesAnalysis-War in Ukraine Puts Pressure on East European Banks to Prop up Sinking Currencies
Top StoriesBritain Must Have Solid Case to Sanction Russian Oligarchs, Government Says
Dollar Gains on Euro as Ukraine Crises Clouds Euro Zone Outlook
Date: March 2, 2022
By Saqib Iqbal Ahmed and Caroline Valetkevitch NEW YORK (Reuters) – The dollar edged higher against the euro on Wednesday, as investors worried about the impact of an escalating conflict in Ukraine on the euro zone’s economic prospects, while commodity-linked currencies strengthened. The Russian rouble extended its recent slide to hit record lows in Moscow...
Sterling Rises vs Euro, Focus on Economy, Rate Hike Bets
Date: March 2, 2022
(Reuters) -Sterling rose against a weakening euro on Wednesday, with investors focusing on market bets on UK and euro zone rate hikes amid concerns about the economic impact of the war in Ukraine. The pound edged higher also versus a rising dollar while investors continued to rush into safe-haven assets. The European Union said on...
EU Bans Export of Machinery to Belarus in New Sanctions Over Ukraine Invasion
Date: March 2, 2022
By Francesco Guarascio BRUSSELS (Reuters) -The European Union has approved new sanctions against Belarus for its supporting role in Russia’s invasion of Ukraine, the EU said on Wednesday, including a ban on exporting machinery to Minsk. The fresh sanctions, which have not been published yet and, for now, spare Belarusian banks, come after Minsk allowed...
Sterling Steadies With Focus on Ukraine Tensions and BoE Speeches
Date: March 1, 2022
By Joice Alves LONDON (Reuters) – Sterling steadied on Tuesday against the euro and the dollar as investors awaited speeches from Bank of England officials and watched for developments on the Russia-Ukraine crisis. Investors are waiting for speeches from Bank of England members of the Monetary Policy Committee Michael Saunders and Catherine Mann, set to...
Investors Cut Russia Exposure Amid Ukraine Crisis; Banks Halt Slide
Date: March 1, 2022
By Carolyn Cohn and Lawrence White LONDON (Reuters) – Major investors, including hedge fund Man Group and British asset manager abrdn, said on Tuesday they were cutting their positions in Russia in the wake of the country’s invasion of Ukraine. Their pronouncements came as shares in some European banks steadied after heavy declines on Monday...
From Euro to Em: Russia’s Ukraine War Upends Market Bets
Date: February 25, 2022
By Saikat Chatterjee and Dhara Ranasinghe LONDON (Reuters) – Russia’s invasion of Ukraine has upended several popular trades, inflicting heavy losses on investors bullish on European stocks and the euro and also those bearish on the Japanese yen and government debt. The view before the aggression was that global economic recovery was chugging along, company...