foreign-exchange
TradingSterling at Two-Year Peak Versus Euro After PMI Data
Top StoriesYen Slides as BOJ Governor Steers Clear of Rate Hike Talk
TradingSterling Rises vs Dollar, Euro Boosted by Strong UK Retail Sale Data
InvestingStocks Pinned Near All-Time Highs, Yen Slips After Ueda’s Comments
Morning Bid: BOJ Brings Yen Into Sharper Focus
Date: September 20, 2024
A look at the day ahead in European and global markets from Wayne Cole. It was left to the Bank of Japan (BOJ) to end “central banker week” by doing nothing on rates, though it did bring the yen into sharper focus. BOJ statements can be rather Delphic, so their latest was mercifully brief at...
Sterling Rises After UK Inflation Data and Ahead of Fed
Date: September 18, 2024
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.3227,...
US Dollar Edges Lower as Traders Await Fed Rate Cut Decision
Date: September 18, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as traders braced for the Federal Reserve’s much-anticipated decision to cut interest rates. The U.S. central bank is expected to deliver its first interest rate cut in more than four years at...
US Dollar Hits More Than One-Year Low as Market Eyes Aggressive Fed Rate Cut
Date: September 16, 2024
By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could deliver a supersized cut to interest rates later this week. The Fed had been widely expected to announce at least a 25-basis-point cut...
Sterling Edges up Versus Dollar and Euro After UK Data
Date: September 10, 2024
By Stefano Rebaudo (Reuters) – Sterling edged up versus the dollar and the euro on Tuesday after UK labour data supported the view that the British economy was on a solid footing. Pay growth cooled in the three months to July to a more than two-year low, and employment shot higher, according to data on...
Morning Bid: China Gloom Overshadows Wall Street-Led Rebound
Date: September 10, 2024
A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from China soured the mood and capped gains in Asian stocks. That has set up a mixed opening in Europe, with...