Dollar steady after robust U.S. jobs data, lira hits record low By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar held firm against the euro on Monday, with traders taking the view the U.S. Federal Reserve will likely lift its benchmark rate above 5% and […]
South Korea, Australia central banks renew currency swap agreement By Reuters
2/2 © Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. Picture taken on March 8, 2016. REUTERS/Kim Hong-Ji/File Photo 2/2 SEOUL (Reuters) – South Korea’s central bank said it renewed on Monday a currency swap agreement with its […]
Dollar jumps after “monster” job report By Reuters
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Karen Brettell NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep […]
Argentina OKs new 2,000 peso bill as inflation bites, still only worth $5 By Reuters
© Reuters. FILE PHOTO: A man shows Argentine pesos outside a bank in Buenos Aires’ financial district, Argentina August 30, 2018. Picture taken August 30, 2018. REUTERS/Marcos Brindicci/File Photo By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will roll out a new 2,000-peso bill, the central bank said on Thursday, which would double the face […]
Dollar tumbles as Fed says disinflation in play By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end […]
Global investment banks project jump in yuan in 2023 By Reuters
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow […]
Lebanon devalues official exchange rate by 90% By Reuters
2/2 © Reuters. A man counts Lebanese pound banknotes at a currency exchange shop in Beirut, Lebanon, January 5, 2022. REUTERS/Mohamed Azakir/Files 2/2 BEIRUT (Reuters) -Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. […]
U.S. dollar slips against euro ahead of Fed rate decision By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the […]
Oil prices rise as US recession fears over rate hikes ease, dollar weakens
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world’s largest oil user may face a recession because of further interest rate hikes. Brent crude futures gained 20 cents, or 0.2%, to $85.66 a barrel […]
High interest rates to hold back gold’s rally: Reuters poll
Reuters Note Analysts and traders have significantly raised their predictions for gold prices but expect high interest rates to keep a lid on rallies, a Reuters poll showed on Tuesday. The poll of 38 analysts and traders returned median forecasts for gold to average $1,825 an ounce in the first quarter of this year, $1,840 […]