foreign-exchange
Top StoriesSterling Steadies vs Dollar Ahead of BoE, ECB Meetings
TradingDollar Skulks at Eight-Month Low, Central Bank Meetings in Focus
TradingDollar Stuck Near Nine-Month Low vs Euro as Yen Bounces
TradingDollar in Doldrums as Euro Near 9-month Peak, Yen Bounces
U.S. Dollar Advances vs Major Currencies as Risk Appetite Fades
Date: January 19, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the defensive amid hawkish comments from U.S. Federal Reserve officials that suggested more interest rate increases are likely to tame inflation. Analysts, however, remained convinced that the...
Sterling Hits 2 1/2 Week High, Eyes on BoE
Date: January 9, 2023
By Samuel Indyk LONDON (Reuters) – The British pound hit a two-and-a-half-week high against a broadly weak dollar on Monday ahead of comments from the Bank of England’s chief economist Huw Pill later in the day and Governor Andrew Bailey on Tuesday. Sterling was last up 0.3% against the dollar at $1.2123, after hitting its...
Dollar Tentative as Investors Assess Rate-Hike Path
Date: January 9, 2023
SINGAPORE (Reuters) – The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes. Data on Friday showed U.S. nonfarm payrolls rose by 223,000 jobs in December, while a 0.3% rise in average...
Sterling Softens Against Murky Economic Backdrop
Date: January 6, 2023
LONDON (Reuters) – Sterling fell on Friday against the dollar and the euro as Britain’s darkening economic outlook remained at the forefront of traders’ minds. The pound was down 0.52% to $1.18460 and was 0.29% lower against the euro, trading at 88.620 pence. A stronger dollar – which on Friday was holding near an almost...
Japan, UK to Sign Reciprocal Access Agreement for Military Officers -Yomiuri
Date: January 6, 2023
TOKYO (Reuters) – Japan’s Prime Minister Fumio Kishida will sign a reciprocal access agreement for military officers with British counterpart Rishi Sunak next week, the Yomiuri newspaper reported on Friday. The agreement, which relaxes immigration controls for military officers, aims to strengthen security ties between the two countries to counter rising threats from Russia and...
Sterling Rises Against Weakening Dollar, Slightly up Versus Euro
Date: January 4, 2023
By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar and was slightly higher versus the euro as a relaxation of COVID rules in China sent investors bidding for risky currencies. Chinese state media played down the severity of a surge of COVID-19 infections on Tuesday, triggering hopes that a post-pandemic recovery in China...