foreign-exchange
TradingDollar Edges Down Before US Inflation Data, Presidential Debate
FinanceAnalysis-Sterling’s Stunning Rally Keeps Twitchy Currency Markets on Edge
BusinessEurope Shrugs Off Nvidia Chill to Eye Record High
FinanceUS Dollar Advances on Month-End Demand; Focus on Economic Data
Currencies Trade in Tight Range as Market Awaits More U.S. Rate Cues
Date: August 28, 2024
By Brigid Riley (Reuters) -The U.S. dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early...
Safe-Haven Yen, US Dollar Rally on Escalating Middle East Tension
Date: August 27, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rallied from an eight-month low on Monday, while the yen rose against most currencies, as geopolitical tension in the Middle East intensified, prompting investors to seek safe-haven shelter. Volume was lighter than usual, with UK markets closed for a public holiday. The Swiss franc also...
Asia Shares Hesitate and Dollar Dips; Oil Gains
Date: August 26, 2024
By Wayne Cole SYDNEY (Reuters) – Major share markets turned hesitant in Asia on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe. Oil prices climbed 0.7% after Israel and Hezbollah traded...
Dollar Rebounds Against Euro Before Powell Speech
Date: August 23, 2024
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenback’s recent weakness was seen as being overdone. The U.S. currency has fallen on concerns about a weakening economy and on...
Analysis-Euro, Now a Safer Bet, Emerges a Winner From Market Turmoil
Date: August 22, 2024
By Sruthi Shankar and Alun John (Reuters) -The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan’s yen. Having broken decisively above the symbolic $1.10 level, the...
Asia Shares Hit One-Month High on Bets for Dovish Fed
Date: August 20, 2024
By Rae Wee SINGAPORE (Reuters) – Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week. With the data calendar relatively light across major economies this week, all eyes are on Wednesday’s release...