foreign-exchange
TradingPound Rocked by Tough-Talking Fed Ahead of BoE Decision
InvestingAsian Stocks Slide After Fed Flags Slower Rate Cuts, BOJ Stands Pat
TradingSterling Drops Before Fed Policy Meeting, After UK Inflation Data
InvestingDollar Firm Before Fed, Carmakers Rally on Honda-Nissan Talks
Dollar Flat Before Fed Meeting, 2025 Rate Outlook in Focus
Date: December 18, 2024
By Stefano Rebaudo (Reuters) -The U.S. dollar held firm on Wednesday before the Federal Reserve policy meeting later in the session which is expected to deliver a hawkish cut, trimming rates but suggesting less monetary easing ahead. Analysts recalled that the assumption that the Fed would reduce its level of 2025 easing had propped up...
ECB’s Wunsch Says Weaker Euro May Take Edge Off US Tariffs
Date: December 18, 2024
By Divya Chowdhury and Francesco Canepa MUMBAI (Reuters) -A weaker euro falling to parity with the dollar would cushion the impact of any new U.S. tariffs on euro zone growth although it would push up inflation, European Central Bank policymaker Pierre Wunsch told Reuters on Wednesday. The Belgian central bank governor said in an interview...
Dollar Holds Firm Against Peers as Investors Await Fed Rate Cues for 2025
Date: December 18, 2024
By Brigid Riley TOKYO (Reuters) – The U.S. dollar held firm on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut ahead of other major central bank meetings this week, pushing the Australian and New Zealand dollars to fresh lows. The Fed is widely expected to deliver a 25-basis-point...
Dollar Rises Amid Fed Rate Cut Expectations, Better-Than-Expected Retail Sales Data
Date: December 18, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar gained against major currencies on Tuesday following better-than-expected retail sales data that showed underlying economic momentum while markets braced for interest rate moves from the Federal Reserve and other central banks. Commerce Department data on Tuesday showed U.S. retail sales surpassed expectations by jumping 0.7% in...
European Shares Soft, Dollar Firms Ahead of Central Bank Meetings
Date: December 17, 2024
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -European shares were mostly lower while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. The...
Sterling Gets a Lift From Hotter UK Wage Growth
Date: December 17, 2024
By Amanda Cooper LONDON (Reuters) – The pound rose on Tuesday, supported by data that showed UK wage growth picked up more than expected in the three months to October, which in turn raises the chances that the Bank of England will not rush to cut rates next year. Average weekly earnings, excluding bonuses, were...