foreign-exchange
Top StoriesDollar Falls to 3-month Low vs Yen on Powell Remarks on Fed Slowing
Top StoriesDollar Near One-Week High as Traders Prepare for Powell, Payrolls Tests
TradingYen Gains Before Powell Speech, Aussie Jumps
Top StoriesDollar Set for Weekly Loss Amid Expectations Fed Will Slow Hikes
Dollar Nears 3-mth Low, Shares Climb After Fed Tests the Brakes
Date: November 24, 2022
By Marc Jones LONDON (Reuters) – World shares touched a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve meeting minutes pointed to a slower pace of U.S. interest rate rises from next month. With Wall Street shut for Thanksgiving, it was up to Europe to continue the rebound...
The Consequences of the Current Market Infrastructure for Emerging Markets’ Currencies
Date: November 23, 2022
By Mike Robertson, CEO of AbbeyCross Over the past decade, cross-border payments have grown significantly, seeing increased innovations within international payments and foreign exchange (FX). However, many of these innovations have only affected major currencies and developed markets, leaving emerging market (EM) currencies struggling to gain access to fair and on-market exchange (FX) rates. At...
U.S. Dollar Regains Some Ground as Investors Re-Examine Fed Bets
Date: November 14, 2022
(Updates prices, adds commentary, New York dateline) By Sinéad Carew and Joice Alves New York/London (Reuters) – The U.S. dollar rose against the euro and yen on Monday, as investors kept their focus on the Federal Reserve’s interest rate hiking path after a policymaker said too much was being made of last week’s cooler U.S....
Russian Wheat Rises on Stronger Rouble, Talks to Prolong Black Sea Export Deal
Date: November 14, 2022
MOSCOW (Reuters) – Russian wheat prices rose last week as the rouble strengthened [RU/RUB] and as talks about extending the Black Sea deal allowing Ukrainian shipments continued, the IKAR agriculture consultancy said on Monday. Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $317.5 a...
Sterling Falters as Market Awaits Fiscal Plan in Data-Heavy Week
Date: November 14, 2022
By Lucy Raitano LONDON (Reuters) – Sterling fell against the dollar on Monday as traders braced for the UK government’s fiscal statement on Thursday in a data-heavy week that could shed light on the state of Britain’s economy. Finance minister Jeremy Hunt said he will set out tax rises and spending cuts this week to...
Sterling Softens Versus Dollar Against a Quiet UK Backdrop
Date: November 9, 2022
LONDON – Sterling softened against the dollar on Wednesday after three days of gains, ahead of major U.S. inflation data on Thursday and the UK government’s next fiscal statement due next week. At 1124 GMT, the pound was down 0.71% against the dollar at $1.14650, having rallied 3.5% in the last three trading sessions. A...