foreign-exchange
Top StoriesRussia Calls Gas Sales to Europe ‘complicated’ as Deal With Ukraine Nears End
TradingDollar Bounces From Inflation Data Drop, Euro Soft
Top StoriesEuro Edges Down, Dollar Hovers Around Two-Year High
TradingDollar Steady After Benign US Inflation Eases Worries Over Rates
Sterling Set to End Week in Red Against Dollar as Outlooks Diverge
Date: December 20, 2024
By Greta Rosen Fondahn (Reuters) – Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure from divided Bank of England policymakers’ views and a U.S. Federal Reserve that is now more reluctant to lower interest rates. The pound was flat against the dollar at...
Fed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies
Date: December 20, 2024
By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) -Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president Donald...
Asian Shares Pinned Near Three-Month Lows, Dollar Towers at 2-yr Peak
Date: December 20, 2024
By Stella Qiu SYDNEY (Reuters) – Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge – the U.S. Core Personal Consumption Expenditures – is due later...
US Tariffs Would Hit Hungary’s Growth, Boost Inflation, Central Bank Says
Date: December 19, 2024
By Gergely Szakacs BUDAPEST (Reuters) – New tariffs U.S. President-elect Donald Trump has pledged to impose on European Union imports would hit Hungary’s economic growth and boost inflation, the National Bank of Hungary (NBH) said in its quarterly inflation report on Thursday. Germany is expected to be more affected by any U.S. tariffs than other...
Fed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies
Date: December 19, 2024
By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) – Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president...
Fed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies
Date: December 19, 2024
By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) – Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president...