foreign-exchange
InvestingDollar Recovers After Three-Day Slide as Investors Await Cues on Trump Policies
InvestingSterling Jumps After Data Shows UK Inflation Tops 2%
InvestingSterling Jumps After Data Shows Faster Rise in UK Inflation
TradingSafe-Haven Currencies Strengthen After Russia Adjusts Nuclear Doctrine
Portugal Airline TAP’s Profit Drops on Forex Losses, Higher Wage Costs
Date: November 18, 2024
LISBON (Reuters) – Portugal’s flag carrier TAP reported a 35% slump in third-quarter net profit on Monday to 118 million euros ($124 million), hurt by foreign exchange losses and a big jump in wage costs. Operating costs rose 6.5% at the airline, which is slated for privatisation, to 1.05 billion euros. That was driven by...
Morning Bid: BOJ Open to Tightening, Mum on Timing
Date: November 18, 2024
A look at the day ahead in European and global markets from Wayne Cole. It’s been a relatively calm start to the week for markets with the early action in currencies, as the dollar nudged up on the yen after Bank of Japan Governor Kazuo Ueda again left investors guessing on the timing of rate...
Shares Rise Ahead of Nvidia Results; BOJ’s Ueda Offers Few Rate Hints
Date: November 18, 2024
By Rae Wee SINGAPORE (Reuters) – Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank...
Dollar Firms Against Yen as BOJ Leaves Open Timing of Hikes
Date: November 18, 2024
By Wayne Cole SYDNEY (Reuters) – The dollar rose against the yen on Monday after Japan’s top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would...
Sterling Heads for Worst Weekly Performance Since January
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors’ conviction that Donald Trump’s policies will drive up U.S. growth and inflation. Britain’s economy contracted unexpectedly in September and...
Dollar Rallies as Fed’s Powell Nixes Rate Cut Bets
Date: November 15, 2024
By Amanda Cooper LONDON (Reuters) -The dollar was set for its biggest weekly gain in over a month on Friday, supported by expectations of fewer Federal Reserve rate cuts and the view that President-elect Donald Trump’s policies could stoke U.S. inflation when he takes office. Volatility in the currency markets has run high this week,...