foreign-exchange
InvestingStocks Falter as Economic Worries Nag, Nz Delivers Big Rate Hike
Top StoriesPound Hits 10-month Peak, Euro up as Dollar Under Pressure
Top StoriesDollar Skids After Soft U.S. Economic Data; Impact of Opec+ Cuts Fades
TradingDollar Trims Gains vs Euro After U.S. Inflation Data
Dollar Outshines Euro, Sterling Amid European Bank Jitters
Date: March 24, 2023
By Hannah Lang WASHINGTON (Reuters) – The euro and sterling fell sharply against a strengthening dollar on Friday amid lingering nervousness over banks. Banking stocks plunged in Europe with heavyweights Deutsche Bank and UBS Group pummelled by worries that the worst problems to hit the sector since the 2008 financial crisis have not yet been...
Brazil to Resume Visa Requirements for Us, Japan, Australia, Canada -Sources
Date: March 9, 2023
By Lisandra Paraguassu BRASILIA (Reuters) – Brazil has decided to resume entry visa requirements for citizens of the U.S., Japan, Australia and Canada, two sources familiar with the matter told Reuters on Wednesday. The country’s Foreign Ministry, known as Itamaraty, is set to announce the decision on Thursday to the governments of the four countries....
Powell’s Warning on Higher U.S. Rates Pushes Dollar to 3-mth High
Date: March 8, 2023
By Tom Westbrook SINGAPORE (Reuters) – The dollar scaled multi-month highs against most other major currencies on Wednesday after Federal Reserve Chair Jerome Powell warned that U.S. interest rates might need to go up even faster and higher than expected to rein in stubborn inflation. Higher rates benefit the dollar by improving its yield and...
Dollar Jumps as Powell Flags Higher Terminal Rate
Date: March 7, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said that the U.S. central bank will stay the course until the job is done, adding that the ultimate level of interest rates is likely to be higher than previously anticipated....
Dollar Firms After U.S. Labor Data Suggests More Rate Hikes
Date: March 3, 2023
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury notes, which...
Dollar Finds Footing as Focus Turns to Europe Inflation
Date: March 2, 2023
By Tom Westbrook SINGAPORE (Reuters) – The dollar caught its breath in Asia on Thursday, steadying as U.S. yields went up while investors waited on European inflation data, after nasty surprises in Germany, France and Spain have given a boost to the euro this week. The dollar lost 0.9% on the euro on Wednesday, its...