foreign-exchange
BusinessFx Solutions Will Be a Key Leverage for Businesses Against a Volatile Pound
Top StoriesDollar Climbs Ahead of Busy Week for Central Banks
TradingGlobal Fx Trading Hits Record $7.5 Trln a Day – Bis Survey
TradingSterling Hits Six-Week High as Sunak Mulls Delay to Oct. 31 Budget Plan
Sterling Rises as Sunak Victory in PM Race Offsets Economic Gloom
Date: October 25, 2022
By Amanda Cooper LONDON (Reuters) -The pound rose on Tuesday, boosted by a degree of investor relief after Rishi Sunak became Britain’s next prime minister, although analysts said gains will likely be short-lived given a gloomy economic outlook. The 42-year-old former finance minister is now Britain’s third prime minister in less than two months. Sunak...
Dollar Shakes Off Suspected Japan Intervention; Stocks Brace for Earnings
Date: October 24, 2022
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) -U.S. shares were mixed on Monday as European markets were lifted by hopes that U.S. interest rates could rise more slowly than previously thought and the dollar weathered another suspected Japanese intervention to rise against the yen. The Dow Jones Industrial Average rose 133.17 points, or 0.43%,...
IBM Expects to Exceed Annual Revenue Target on Resilient Cloud Momentum
Date: October 20, 2022
By Chavi Mehta (Reuters) -IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company’s digital services helps cushion the blow from a strong dollar. The IT software and services provider has been focusing on the so-called “hybrid cloud” after spinning off...
Turbulent Markets Jolt Currency Hedge Funds From Decade-Long Slumber
Date: October 18, 2022
By Nell Mackenzie LONDON (Reuters) – Veteran hedge fund manager John Taylor describes one of his favourite Gary Larson cartoons, where one vulture sitting on an animal carcass says to another as more descend: “good friends flying in from all over…this is the best of times”. There is, he says jokingly, a resemblance to the...
Swiss National Bank Makes Another Large Draw on Fed Swap Line
Date: October 14, 2022
(Reuters) – The Swiss National Bank this week drew nearly $6.3 billion from the U.S. Federal Reserve’s currency swap line facility, roughly double the amount drawn a week earlier, New York Fed data released on Thursday showed. The SNB on Wednesday drew $6.27 billion in U.S. currency for a seven-day term at an annualized rate...
Analysis-Weak Forint Rains on Hungary’s ‘no More Hikes’ Parade
Date: October 12, 2022
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank tightened forint liquidity further on Wednesday at a deposit tender as part of its latest efforts to shore up the currency, but too much is stacked against it to provide relief any time soon. The forint, which hit new all-time lows this week, has become a...