foreign-exchange
TradingDollar Jumps as Retail Sales Confirm Strong US Economy
TradingHow to Invest in the Forex Market
InvestingSterling Dips as Investors Look to UK Jobs, Inflation Reports This Week
InvestingSterling Hovers Near One-Month Low Ahead of US Inflation Print
Dollar Steady, Focus on Fed Path, China, Middle East
Date: October 8, 2024
By Alden Bentley and Medha Singh NEW YORK/LONDON (Reuters) – The dollar held steady near seven-week highs against major currencies on Tuesday as investors assessed the outlook for further U.S. rate cuts, with concerns about the conflict in the Middle East and China’s economy lending support. The U.S. data calendar is relatively light this week,...
Japan Leads Asia Stock Rally, Dollar Firms After Blowout US Payrolls
Date: October 7, 2024
By Kevin Buckland TOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. U.S. Treasury yields touched two-month highs, extending their rise after the closely watched...
Dollar Hovers Near Six-Week High Ahead of US Jobs Report; Sterling Attempts Recovery
Date: October 4, 2024
By Ankur Banerjee and Medha Singh SINGAPORE/LODNON (Reuters) – The dollar hovered near a six-week high on Friday ahead of crucial jobs data that could dictate the path of U.S. interest rates, while the yen jumped, capping a turbulent week hit by uncertainty over Japan’s monetary policy outlook. The dollar was also boosted by...
Asian Shares Retreat From 32-month Top, Japan Rallies as Rate Risk Eases
Date: October 3, 2024
By Stella Qiu SYDNEY (Reuters) -Asian shares retreated from a 32-month peak on Thursday as the sizzling rally in Hong Kong took a breather, while Japan’s Nikkei jumped as the risk of further tightening in monetary policy this year faded. Sterling fell 0.7% to a two-week low of $1.3177 after Bank of England Governor...
Stocks Stable, Oil Rises as Wary Investors Eye Middle East Hostilities
Date: October 2, 2024
By Sinéad Carew, Lawrence White NEW YORK/ LONDON (Reuters) -MSCI’s global equities index was up very slightly on Wednesday while the dollar rose and oil prices pared earlier gains, as investors anxiously watched to see how Israel would respond to Iran’s missile attack the previous day. Oil prices were slightly higher after climbing more than...
Dollar Drops After Inflation Data, Yen Rebounds on Ishiba Win
Date: September 27, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened on Friday after a reading of U.S. inflation indicated price pressures continue to cool, while the yen strengthened against the greenback after former defense minister Shigeru Ishiba was set to become Japan’s next prime minister. The U.S. personal consumption expenditures (PCE) price index rose 0.1% in...