foreign-exchange
InvestingMorning Bid: Dollar Jolted by Iowa Surprise
TradingYen Firms After Less Dovish Boj, Dollar Dips Ahead of Inflation Data
TradingSterling Falls Ahead of UK Budget, While Volatility Gauge Jumps
InvestingSterling Traders Race to Hedge Risk Ahead of UK Budget, US Election
Asia Shares Stumble on China Anxiety; Gold and Bitcoin Rally
Date: October 30, 2024
By Rae Wee SINGAPORE (Reuters) -Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world’s second-largest economy, even as Beijing steps up efforts to shore up growth. Gold rose to an all-time high of $2,784.82...
Dollar Profits From Japan Political Uncertainty, Data and US Election in Focus
Date: October 29, 2024
By Laura Matthews and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most majors as traders bided their time ahead of next week’s U.S. election and a slew of incoming economic data. The loss of a parliamentary majority for Japan’s...
Stocks Climb Ahead of Big Tech-Related Earnings This Week; Oil Falls
Date: October 28, 2024
By Caroline Valetkevitch NEW YORK (Reuters) –Global stock indexes rose on Monday as investors awaited earnings reports this week from several of the biggest U.S. tech-related companies, while oil prices fell sharply after Israel’s retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities. The Japanese yen reached a three-month low against the...
Sterling on Track for Biggest Monthly Fall Since September 2023 vs Dollar
Date: October 28, 2024
By Stefano Rebaudo (Reuters) – The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks‘ monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey...
Sterling Set for Biggest Four-Week Drop in a Year Before UK Budget
Date: October 25, 2024
LONDON (Reuters) – The pound stayed on track for its biggest four-week decline in over a year on Friday, albeit it steady on the day, as investors cling to the dollar in choppy political and macroeconomic waters. Sterling traders are also preparing for the new Labour government’s first budget on Oct. 30. Finance minister Rachel...
Euro, Yen Bounce as Dollar Stalls Near Three-Month Highs
Date: October 24, 2024
By Kevin Buckland and Medha Singh TOKYO/LONDON (Reuters) -The euro and Japanese yen climbed from recent lows on Thursday, while the U.S. dollar paused after a relentless ascent to near three-month highs underpinned by expectations of a slower pace of interest rate cuts by the Federal Reserve. The euro firmed 0.2% to $1.080075, a day...