foreign-exchange
Top StoriesDollar Catches Breath While Investors Await Midterms; Cryptos Skittish
TradingRussian Rouble Climbs to One-Month High vs Dollar
TradingSterling Slips as Dollar Edges Higher, With All Eyes on U.S
TradingDollar Sinks, Sterling Jumps as Market Turns to Risk Assets
Mas Launches Expanded Initiative to Advance Cross-Border Connectivity in Wholesale CBDCs
Date: November 4, 2022
Singapore, 3 November 2022…The Monetary Authority of Singapore (MAS) today launched Ubin+, an expanded collaboration with international partners on cross-border foreign exchange (FX) settlement using wholesale central bank digital currency (CBDC). Ubin+ will focus on the following: Study business models and governance structures for cross-border foreign exchange (FX) settlement, where atomic settlement, based on digital...
Sterling Drops as BoE Hikes Interest Rates but Diverges From Fed
Date: November 3, 2022
By Harry Robertson LONDON (Reuters) – Sterling fell sharply on Thursday as the Bank of England (BoE) raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs by the same amount. The BoE’s rate hike was its biggest in three decades and took the main rate to 3%. It...
Dollar Falls as Fed Decision Looms, Yen and Real Gain
Date: November 2, 2022
By Joice Alves and Kevin Buckland LONDON/TOKYO (Reuters) – The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points...
Sterling Edges up Ahead of Fed, BoE Rate Decision Looms
Date: November 2, 2022
By Iain Withers LONDON (Reuters) – Sterling edged up against the dollar on Wednesday as markets braced for policy decisions from the U.S. Federal Reserve and Bank of England on benchmark interest rates aimed at curbing soaring inflation. The Fed is set to meet later on Wednesday and the BoE follows suit on Thursday, with...
Sterling Starts November Higher, Eyes on BoE, Fed Meetings
Date: November 1, 2022
By Samuel Indyk LONDON (Reuters) – The British pound was higher against a weaker U.S. dollar on Tuesday ahead of key meetings at the Bank of England and Federal Reserve, with both central banks expected to deliver large interest rate increases. Since hitting a record low of $1.0327 in September, sterling has risen over 11%...
U.S. Dollar Climbs as Fed Likely to Deliver Another Big Hike; Sterling Slumps
Date: October 31, 2022
By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The dollar gained across the board on Monday, regaining some ground it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting. In contrast, sterling was on the defensive against the dollar and the...