foreign-exchange
Top StoriesU.S. Dollar Drifts Higher; Yen Heads Toward Level That Prompted Intervention
Top StoriesTrading Platform Cmc Sees Higher Profit on Market Volatility
Top StoriesSterling Falls Again as Investors Await Friday’s U.S. Jobs Data
Top StoriesDollar Rebounds as Global Market Rally Fades
Sterling Softens After UK PM Truss Speech
Date: October 5, 2022
By Lucy Raitano LONDON -Britain’s pound weakened against the dollar on Wednesday, ending a six-day rally, but staying well off recent lows as British Prime Minister Liz Truss spoke at the Conservative party conference on Wednesday. Truss urged the Conservative party to stick together and help transform the economy and the country, as she fights...
Take Five: A Bumpy Home Straight
Date: October 3, 2022
(Reuters) – A tumultuous year for financial markets is entering the home straight, with Britain battling a self-inflicted crisis and markets pouring over U.S. jobs data to determine how much of an impact Fed hikes are having on the U.S. economy. Currencies plumbing multi-year lows in Australia and New Zealand are ramping up pressure on...
Dollar Dishes the Pain as Selloff Rumbles On
Date: September 29, 2022
By Marc Jones LONDON (Reuters) – Investors pedalled into another cycle of selling on Thursday as the dollar tightened its stranglehold on currency markets, recession fears sapped equities and bonds suffered more interest rate pain. Europe’s morning was rough. The STOXX 600 share index was still down 1.3% having opened 2% lower, Wall Street looked...
Sterling Drops Against Dollar as Bank of England Intervenes in Bond Market
Date: September 28, 2022
By Harry Robertson LONDON (Reuters) -Sterling dropped sharply on Wednesday after the Bank of England said it would step in to calm the UK government bond market, a sign of the turbulence that has rocked British assets since the government’s fiscal policy announcement late last week. The pound was down 0.65% to $1.0666, after hitting...
Sterling Higher as BoE, Treasury Seek to Calm Markets, Outlook Remains Cautious
Date: September 27, 2022
By Samuel Indyk LONDON (Reuters) -The British pound was higher against the dollar on Tuesday, a day after hitting a record low, as the Bank of England and UK Treasury attempted to soothe market concerns after the government announced a raft of unfunded tax cuts. The battered pound hit an all-time low of $1.0327 on...
Dollar Pauses for Breath as Fragile Pound Edges Up
Date: September 27, 2022
By Alun John and Tom Westbrook LONDON/SYDNEY (Reuters) – The dollar took a pause on Tuesday in what has been a relentless climb higher as under-fire sterling as well as the euro and Japanese yen recovered some ground from multi-year lows, but medium-term fundamentals were still in the greenback’s favour. Sterling climbed over 1% to...