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Dollar ascendant amid resilient US economy, haven demand The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as a U.S. debt ceiling impasse threatens a disastrous default as soon as June 1, when the Treasury has warned it would be unable to pay all its bills. The dollar touched $1.07425 per euro early in the Asian session for the first...
Dollar ascendant amid resilient US economy, haven demand
Dollar ascendant amid resilient US economy, haven demand
Source: Reuters
25/05/2023 9:02:34 AM
Dollar finds friends after sticky U.S. inflation readout The dollar found some support on Wednesday after stubbornly high U.S. inflation suggested interest rates are going to remain high for longer than investors had expected. Headline CPI was 0.5% in January mostly due to higher rental and food costs. That was in line with forecasts, though the annual figure of 6.4% was a bit more than expected and traders busily unwound bets on rate falling toward the end of 2023. The U.S. dollar climbed to a six-week high of 133.30 yen and sat not far belo...
Dollar finds friends after sticky U.S. inflation readout
Dollar finds friends after sticky U.S. inflation readout
Source: Reuters
15/02/2023 9:19:21 AM
Yen rises, underpinned by BOJ policy tweak; dollar retreats The yen firmed on Thursday, returning towards a four-month peak against the dollar hit earlier in the week after the Bank of Japan's surprise tweak to its bond yield control spurred bullish yen bets, while the dollar moved broadly lower. The yen rose about 0.5% to 131.85 per dollar, after surging to a four-month high of 130.58 on Tuesday in the aftermath of the BOJ's decision to allow the 10-year bond yield to move 50 basis points either side of its 0% target, wider than the previo...
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Yen rises, underpinned by BOJ policy tweak; dollar retreats
Source: Reuters
22/12/2022 8:58:57 AM
Dollar wallows at six-month lows ahead of last Fed meeting of 2022 The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes. After raising interest rates by 75 basis points at four successive meetings, the U.S. central bank is widely expected to deliver a 50 bp increase later in the day. Traders will then turn their focus to Thursday meetings of the Bank of England and the European Centr...
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Source: Reuters
14/12/2022 8:29:38 PM
Dollar dips ahead of US inflation data, Fed meeting next week The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a lull in market-moving news, investors are looking towards rate decisions next week - including from the Fed, the European Central Bank and the Bank of England. Markets are betting all three will slow the pace of their rate hikes, with 0.5 percentage p...
Dollar dips ahead of US inflation data, Fed meeting next week
Dollar dips ahead of US inflation data, Fed meeting next week
Source: Reuters
9/12/2022 8:47:58 PM
European shares sit pretty, govt bond yields edge off recent lows European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year U.S. Treasury yield dipped to 3.65% after the Thanksgiving holiday, its lowest since Oct. 5 and down from as high as 4.34% in mid October. Germany's 10-year yield, the euro zone benchmark, stood at 1.94%, up 9 basis points on the...
European shares sit pretty, govt bond yields edge off recent lows
European shares sit pretty, govt bond yields edge off recent lows
Source: Reuters
25/11/2022 8:18:05 PM
Dollar holds losses as Fed minutes signal slower rate hikes The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve's November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. The eagerly awaited readout of the Nov. 1-2 meeting showed officials were largely satisfied they could now move in smaller steps, with a 50 basis point rate rise likely next month after four consecutive 75 basis point increases. "The Fed will be happy to mov...
Dollar holds losses as Fed minutes signal slower rate hikes
Dollar holds losses as Fed minutes signal slower rate hikes
Source: Reuters
24/11/2022 8:31:38 PM
Dollar on edge ahead of Fed minutes, kiwi gains The U.S. dollar held firm on Wednesday ahead of the release of closely-watched minutes from the Federal Reserve's latest policy meeting, while the New Zealand dollar strengthened on the back of a record rate rise to curb rampant inflation. The U.S. dollar index, which measures the currency against a basket of six counterparts, was broadly flat at 107.1, after shedding 0.65% the previous day amid a pick-up in sentiment that supported riskier currencies. The dollar has broadly rallied...
Dollar on edge ahead of Fed minutes, kiwi gains
Dollar on edge ahead of Fed minutes, kiwi gains
Source: Reuters
23/11/2022 8:42:37 PM
Dollar cedes some ground, bitcoin hunkers down The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China's COVID flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3% at $1.0265 after an 0.8% loss on Monday, sterling rose 0.46% to $1.187, partially reversing its 0.6% fall, and the dollar was at 141.86 yen, down 0.6% after a 1.2% gain. Flows to the dollar on Monday came as Beijing warn...
Dollar cedes some ground, bitcoin hunkers down
Dollar cedes some ground, bitcoin hunkers down
Source: Reuters
22/11/2022 9:21:48 PM
Dollar jumps as China COVID worries spur safe-haven buying The U.S. dollar rallied against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous coronavirus flare ups. Two deaths were reported in Beijing on Sunday, and the city's most populous district urged residents to stay at home on Monday. The new cases have cast doubt on hopes that the government could soon ease its tough restrictions. That has boosted the dollar, which is seen a...
Dollar jumps as China COVID worries spur safe-haven buying
Dollar jumps as China COVID worries spur safe-haven buying
Source: Reuters
21/11/2022 8:01:08 PM
U.S. dollar surges as traders say markets overreacted to U.S. inflation data The U.S. dollar rose against the euro and sterling on Monday, after sliding to multi-month lows, as expectations of a less aggressive Federal Reserve interest rate hike faded with traders saying market overreacted to a modest miss on U.S. inflation. Last week, the dollar index fell 4%, marking its worst week in more than two and half years, after data showing U.S. consumer prices rose less than expected in October, rising bets the Fed would scale back its hefty interest rate hikes. But ...
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
Source: Reuters
14/11/2022 8:06:42 PM
Wall St heads higher as Fed rate hopes dent dollar Global stocks rose on Friday for a second day on hopes that peaking U.S. inflation means less aggressive rate hikes from the Federal Reserve, leaving the dollar facing its biggest two-day drop in almost 14 years. Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs. On Wall Street, stock futures were firmer, indicating that the S&P 500 and Nasdaq would add to their biggest daily percentage gains in over 2-1/2...
Wall St heads higher as Fed rate hopes dent dollar
Wall St heads higher as Fed rate hopes dent dollar
Source: Reuters
11/11/2022 8:15:49 PM
European stocks slip; ECB raises rates by 75 bps LONDON- European shares fell on Thursday and Wall Street futures were mixed, as investors weighed up disappointing earnings results with speculation that major central banks could be coming towards the end of their rate-hiking cycles. The European Central bank raised rates by 75 basis points and signalled that it was keen to start shrinking its bloated balance sheet. At 1252 GMT, the MSCI world equity index, which tracks shares in 47 countries, was down 0.1% on the day, holding just bel...
European stocks slip; ECB raises rates by 75 bps
European stocks slip; ECB raises rates by 75 bps
Source: Reuters
27/10/2022 7:47:30 PM
Dollar slides on expectations of less hawkish Fed, euro at 1-month high LONDON-The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow its interest rate hikes, sending the greenback tumbling. The European common currency rose as high as$1.0048, the highest since Sept. 20, and was last up 0.5% at $1.0021. Sterling rose 0.9% to $1.1574, its highest since Sept. 14, extending the previous day's 1.6% gain when markets took succour ...
Dollar slides on expectations of less hawkish Fed, euro at 1-month high
Dollar slides on expectations of less hawkish Fed, euro at 1-month high
Source: Reuters
26/10/2022 8:15:28 PM
Sterling, euro slide as dollar marches higher SINGAPORE/TOKYO- The dollar gained ground against the euro and sterling on Thursday after earlier hitting a 24-year peak against the Japanese yen, as investors positioned for higher U.S. interest rates and remained concerned about the health of European economies. The euro slid 0.37% to just hold above parity against the dollar at $1.10016, while the pound hit a fresh two-and-a-half year low of $1.15545 down around 0.5%, as the safe-haven dollar was supported by moves away from riskier ass...
Sterling, euro slide as dollar marches higher
Sterling, euro slide as dollar marches higher
Source: Reuters
1/09/2022 6:59:23 PM
Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases The euro slipped back below parity against the dollar on Wednesday and was on track for its third consecutive monthly drop as a burgeoning energy crisis adds to recession fears, while the European Central Bank pushes ahead with rate hikes. On Wednesday, Russia halted gas supplies from the Nord Stream 1 pipeline, intensifying an economic battle between Moscow and Brussels and raising the prospects of a recession and energy rationing in some of the world's richest countries. Fears tha...
Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
Source: Reuters
31/08/2022 5:40:33 PM
Dollar gains, euro recovers earlier losses NEW YORK  - The dollar gained on Tuesday as it benefited from expectations that the U.S. economy will be stronger than peers and the Federal Reserve will continue to hike interest rates. The dollar slipped against a volatile euro, however, as the single currency climbed back into positive territory, after dropping earlier on data showing that German investor sentiment fell slightly in August on concerns the rising cost of living will hit private consumption. Europe is struggling wi...
Dollar gains, euro recovers earlier losses
Dollar gains, euro recovers earlier losses
Source: Reuters
16/08/2022 8:56:29 PM
World stocks edge higher for sixth day of gains, dull business activity hits euro  Global stocks were marginally higher on Friday, eyeing a sixth day of gains as European markets rose, while weak euro zone business activity data hit the euro and weighed on the bloc's debt. The MSCI World index, its broadest gauge of equity markets, was last up 0.04% in early European deals, with the Euro STOXX 50 index up 0.2%. Overnight, the MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1%, but the index is still set for its biggest weekly gain in ab...
World stocks edge higher for sixth day of gains, dull business activity hits euro
World stocks edge higher for sixth day of gains, dull business activity hits euro
Source: Reuters
22/07/2022 9:07:52 AM
Dollar prowls just below highs as euro gasps for gas The dollar began the week nudging down from multi-year highs, with a hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi, though fears about Europe's gas supply put a cap on dollar selling. The greenback has soared this year thanks to a combination of rising U.S. interest rates and wobbling economies in Europe and China. It pushed above parity on the euro for the first time in almost 20 years last week, before easing back. The euro last bought $1...
Dollar prowls just below highs as euro gasps for gas
Dollar prowls just below highs as euro gasps for gas
Source: Reuters
18/07/2022 8:33:36 AM
Dollar dips on profit taking, Fed rate path in focus The dollar fell on Friday as investors evaluated how high the Federal Reserve is likely to raise interest rates by when it meets later this month and as investors took profits after a strong rally that sent the greenback to a two-decade high on Thursday. The greenback has jumped as the Fed is expected to raise rates faster and further than peer central banks as inflation soars to four-decade highs. The dollar briefly gained on Friday after data showed that U.S. retail sales increased mo...
Dollar dips on profit taking, Fed rate path in focus
Dollar dips on profit taking, Fed rate path in focus
Source: Reuters
16/07/2022 9:19:58 AM
Dollar set for 3rd consecutive week of gains as recession risks loom The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were under pressure as a barrage of negative news over the last 24 hours weighed on sentiment. Against a basket of its rivals, the dollar rose to its highest levels since September 2002 above 109 before edging back to...
Dollar set for 3rd consecutive week of gains as recession risks loom
Dollar set for 3rd consecutive week of gains as recession risks loom
Source: Reuters
15/07/2022 2:19:55 PM
Euro plunges on Italian politics, energy concerns NEW YORK - The euro plunged below parity to a 20-year low on Thursday as concerns over an energy crisis and political turmoil in Italy dented demand for the single currency, while the U.S. dollar was boosted by expectations of aggressive Federal Reserve rate hikes. Italian Prime Minister Mario Draghi's coalition government risked collapse on Thursday after the 5-Star Movement, one of its members, failed to support a parliamentary confidence vote including measures to offset the co...
Euro plunges on Italian politics, energy concerns
Euro plunges on Italian politics, energy concerns
Source: Reuters
14/07/2022 8:21:42 PM
Wall Street gulps as U.S. inflation tops 9%, euro pierces parity  World equities wavered on Wednesday as investors digested a report showing U.S. annual consumer prices jumped 9.1% in June -the largest increase in more than four decades - leaving Americans to dig deeper to pay for gasoline, food, healthcare and rent. Markets swung wildly as the euro touched 1-to-1 versus the dollar for the first time in 20 years, as investors also feared more supersized Fed rate hikes could be on the way. The U.S. Federal Reserve is expected to deliver a rate hi...
Wall Street gulps as U.S. inflation tops 9%, euro pierces parity
Wall Street gulps as U.S. inflation tops 9%, euro pierces parity
Source: Reuters
14/07/2022 8:39:05 AM
Dollar jumps, euro breaks parity after consumer prices surge NEW YORK  - The dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback after data on Wednesday showed U.S. consumer price inflation surged to a 40-1/2-year high in June. The consumer price index increased 1.3% last month as gasoline and food costs remained elevated, more than the 1.1% expected by economists polled by Reuters. "This morning's number is staggeringly high. It's higher than expected and shows th...
Dollar jumps, euro breaks parity after consumer prices surge
Dollar jumps, euro breaks parity after consumer prices surge
Source: Reuters
13/07/2022 7:32:19 PM
Dollar slips, euro above parity before U.S. inflation data The euro edged higher on Wednesday, hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due later in the session that is expected to show inflation at a 40-year high. European stock markets were in the red and the dollar index was down 0.2% on the day at $107.93 at 1047 GMT. The euro was up 0.2% on the day at $1.00595. On Tuesday, the euro had dropped as low as $1.00005 on the most widely used Electronic Broking Services' (EBS) dealing ...
Dollar slips, euro above parity before U.S. inflation data
Dollar slips, euro above parity before U.S. inflation data
Source: Reuters
13/07/2022 8:51:32 AM
Euro reaches parity with dollar for the first time in 20 years The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine, Euro News reported. Today, 1 EUR equals 1 USD. The shift means European companies and consumers will pay more for the goods and services they import, while European exports become immediately cheaper in international markets. The euro has experienced a dramatic loss of...
Euro reaches parity with dollar for the first time in 20 years
Euro reaches parity with dollar for the first time in 20 years
Source: IANS
12/07/2022 4:00:42 PM
Indian rupee tracks tepid Asian peers, shares to hit record low The Indian rupee touched a record low on Tuesday, as weakness in domestic equities and other Asian currencies on fears of a global recession weighed on the local unit, although bonds rose following high demand for safer assets. Bond yields dropped as a sell-off in global equity markets boosted demand for safe-haven U.S. Treasuries and had a knock-down effect on Indian government bond yields. The euro hovered close to a 20-year low near parity to the dollar amid concerns that an energy c...
Indian rupee tracks tepid Asian peers, shares to hit record low
Indian rupee tracks tepid Asian peers, shares to hit record low
Source: Reuters
12/07/2022 10:44:27 AM
Euro drops to 20-year low, approaches parity with dollar The euro slid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy crisis will tip the region into a recession, while the U.S. currency was boosted by expectations that the Federal Reserve will hike rates faster and further than peers. The biggest single pipeline carrying Russian gas to Germany, the Nord Stream 1 pipeline, began annual maintenance on Monday, with flows expected to stop for 10 days. Governments, markets and companies are worried...
Euro drops to 20-year low, approaches parity with dollar
Euro drops to 20-year low, approaches parity with dollar
Source: Reuters
12/07/2022 8:43:25 AM
Euro on the brink of breaching parity, stocks slide again  The euro sank to within a whisker of parity with the dollar on Tuesday and stock markets fell as the prospect of further central bank tightening and worries about the health of economies worldwide unnerved investors. The dollar's role as the safe-haven go-to currency for investors worried about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies. The euro has been particularly vulnerable given ...
Euro on the brink of breaching parity, stocks slide again
Euro on the brink of breaching parity, stocks slide again
Source: Reuters
12/07/2022 8:32:03 AM
Asian stocks fall to two-year low, euro nears par with dollar on growth fears Global equities faltered, oil fell and the euro inched closer to parity with the safe haven dollar on Tuesday as the prospect of further tightening by central banks, renewed COVID outbreaks in China and Europe’s energy shortages spooked investors. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to its lowest level in two years, while Japan's Nikkei lost 2%. Futures also pointed to a week open in the U.S. and Europe, as U.S. S&P 500 e-minis, lost 0....
Asian stocks fall to two-year low, euro nears par with dollar on growth fears
Asian stocks fall to two-year low, euro nears par with dollar on growth fears
Source: Reuters
12/07/2022 8:25:49 AM
Shares, bond yields fall as inflation fears swirl  Shares and bond yields fell on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, as policymakers worldwide battle inflation while being wary of the threat of a recession. The STOXX index of European shares fell 0.6%, with S&P 500 futures down 0.56% and Nasdaq futures off 0.7% as an upbeat U.S. June payrolls report raised expectations of a 75 basis point hike by the Federal Reserve. The euro hovered just above pa...
Shares, bond yields fall as inflation fears swirl
Shares, bond yields fall as inflation fears swirl
Source: Reuters
11/07/2022 3:45:50 PM
Euro flirts with parity as Russian gas link enters planned shutdown  The euro held above parity versus the dollar on Monday as the biggest single pipeline carrying Russian gas to Germany entered annual maintenance, with flows expected to stop for 10 days. Investors are worried the shutdown might be extended due to the war in Ukraine, restricting European gas supply further and tipping the struggling eurozone economy into recession. "Most key drivers of the pair's recent weakness - risk sentiment, Fed-ECB divergence, to name two - don&rsquo...
Euro flirts with parity as Russian gas link enters planned shutdown
Euro flirts with parity as Russian gas link enters planned shutdown
Source: Reuters
11/07/2022 2:20:38 PM
Safe haven dollar stands tall on inflation, energy jitters  The dollar was on the front foot at the start of a week in which U.S. and Chinese data and European energy security were top of mind, as investor concerns about global economic growth offered support to the safe haven currency. The euro languished at $1.01475, having lost 2.3% last week and briefly falling to its lowest since late 2002. The greenback gained 0.37% on the yen to 136.63 in early trade, not far from a 20-year peak hit last month, leaving the dollar index at 107.29. ...
Safe haven dollar stands tall on inflation, energy jitters
Safe haven dollar stands tall on inflation, energy jitters
Source: Reuters
11/07/2022 8:39:43 AM
Euro on thin ice ahead of U.S. labour data  The euro was pinned at a 20-year low on Friday, licking its wounds at the end of its worst week in two months as investors braced for Europe to tip in to recession, while markets awaited U.S. jobs data to set the next direction for the dollar. The euro is down more than 2% this week on fears that gas shortages loom in Europe and economic growth will suffer. It hit a two-decade trough of $1.0144 overnight and is barely clinging on above parity, last buying $1.0185. The euro's s...
Euro on thin ice ahead of U.S. labour data
Euro on thin ice ahead of U.S. labour data
Source: Reuters
8/07/2022 8:47:37 AM
Euro just off two-decade low, volatility at highest since March 2020 The euro edged higher on Thursday, supported by rising risk appetite but still within striking distance of its two-decade low as surging energy prices fuel recession fears. Meanwhile, implied volatility in the forex market was still at its highest levels since late March 2020 at 11.2%, reflecting a nervous market while investors look at the parity between the single currency and the dollar. Equities managed gradual gains on Thursday as investors grappled with the risks of a recession an...
Euro just off two-decade low, volatility at highest since March 2020
Euro just off two-decade low, volatility at highest since March 2020
Source: Reuters
7/07/2022 1:44:48 PM
Euro slumps to two-decade low as recession fears bite The euro slumped to a two-decade low on Tuesday as the latest surge in European gas prices added to worries about a recession, while there was no stopping the dollar as U.S. Treasury yields staged a rebound. Swathes of currencies were under pressure. The euro's 0.8% early drop took it to its weakest since the end of 2002, Japan's yen was near 24-year lows again, while Norway's crown slumped 1% as its gas workers went on strike. MUFG's head of global markets research, Der...
Euro slumps to two-decade low as recession fears bite
Euro slumps to two-decade low as recession fears bite
Source: Reuters
5/07/2022 3:08:15 PM
Stocks, euro slip as ECB set to join rate hike club LONDON - Benchmark European borrowing costs hit an 8-year high on Thursday and the euro fell as the European Central Bank signalled it will hike euro zone interest rates next month for the first time in a decade. While the ECB's decision was widely expected by the markets for weeks, the possibility of a larger increase in interest rates from September weighed on sentiment at a time when the eurozone economy is grappling with slowing growth and soaring inflation. “Markets ...
Stocks, euro slip as ECB set to join rate hike club
Stocks, euro slip as ECB set to join rate hike club
Source: Reuters
9/06/2022 8:32:53 PM
French election, Russia sanctions keep pressure on euro LONDON  - The euro steadied on Wednesday after falling to its lowest level in a month against a strengthening dollar as the prospect of new Western sanctions on Russia and the upcoming French presidential election added to pressure on the European currency. The euro had edged up 0.06% to $1.09130 versus the dollar by 1145 GMT, after briefly touching a nearly one-month low of $1.08735. The United States and its allies prepared new sanctions on Moscow over civilian killings which Pre...
French election, Russia sanctions keep pressure on euro
French election, Russia sanctions keep pressure on euro
Source: Reuters
6/04/2022 6:53:03 PM
Commodity currencies gain, led by Aussie dollar; euro falls NEW YORK/LONDON  - Commodity currencies rallied in choppy trading on Tuesday led by the Australian dollar, boosted by the prospect of policy tightening by the Reserve Bank of Australia (RBA), while the euro fell on French election worries and the likelihood of more sanctions on Russia over Ukraine. The Aussie dollar paced gains among commodity currencies after the RBA dropped its pledge to be "patient" on tightening policy, while holding the key rate at a record low for now,...
Commodity currencies gain, led by Aussie dollar; euro falls
Commodity currencies gain, led by Aussie dollar; euro falls
Source: Reuters
5/04/2022 8:53:22 PM
Exclusive-Russia's Gazprom seeks gas payments in euros from India's GAIL -sources NEW DELHI - Gazprom has asked India's largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24. GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to...
Exclusive-Russia's Gazprom seeks gas payments in euros from India's GAIL -sources
Exclusive-Russia's Gazprom seeks gas payments in euros from India's GAIL -sources
Source: Reuters
25/03/2022 7:46:58 PM
Euro edges higher as focus on Ukraine; yen rebounds versus dollar The euro edged higher on Friday, but concerns about a potential slowdown of the economy kept it in a tight range, while the dollar weakened as investors priced in expected monetary tightening by the Federal Reserve. "The combination of lingering Russia-related risks, high energy prices and Fed-ECB policy divergence still points to a weaker, rather than stronger, EUR/USD,” ING analysts said. "EUR-USD remains quite stuck at around 1.10, with better-than-expected PMI survey...
Euro edges higher as focus on Ukraine; yen rebounds versus dollar
Euro edges higher as focus on Ukraine; yen rebounds versus dollar
Source: Reuters
25/03/2022 7:34:27 PM
Euro climbs on peace talks, overshadowing expected Fed rate hike NEW YORK/LONDON  - The euro jumped on Wednesday amid signs of compromise by Russia and Ukraine in "more realistic" peace talks, while the dollar slid further from almost two-year highs reached over the past week as markets await a likely rate hike by the Federal Reserve. A stronger euro overshadowed the dollar index that has gained during the war in Ukraine. The Fed is expected to boost its benchmark overnight rate by 25 basis points when it releases a policy statement at 2 ...
Euro climbs on peace talks, overshadowing expected Fed rate hike
Euro climbs on peace talks, overshadowing expected Fed rate hike
Source: Reuters
16/03/2022 8:51:24 PM
Euro extends recovery as ECB phases out stimulus LONDON  - The euro on Thursday added to its overnight biggest daily jump since 2016 after the European Central Bank said it would phase out its stimulus package in the third quarter and left the door open to an interest rate hike before the end of 2022. The statement from the central bank, released at 1245 GMT sent the yield of euro zone government bonds sharply higher and saw the dollar index reverse into negative territory, abandoning morning trading gains. Investors also scrambl...
Euro extends recovery as ECB phases out stimulus
Euro extends recovery as ECB phases out stimulus
Source: Reuters
10/03/2022 7:26:15 PM
Euro off 22-month lows as Ukraine crisis grips LONDON   -The euro edged up from 22-month lows on Tuesday as war in Ukraine darkens Europe's economic outlook, while currencies sensitive to soaring commodity prices were volatile. Russia's invasion of Ukraine has led to increased demand for assets seen as safer across markets, with the dollar - the world's reserve currency - up around 3% over nearly two weeks as the crisis has intensified. Russia's offensive in Ukraine continued on Tuesday but at a slower pace...
Euro off 22-month lows as Ukraine crisis grips
Euro off 22-month lows as Ukraine crisis grips
Source: Reuters
8/03/2022 8:17:49 PM
Ukraine stand-off keeps euro pinned SINGAPORE  - The euro was weighed down on Thursday after a U.S. official said Russia was increasing troop numbers near its border with Ukraine rather than withdrawing, offsetting a boost it had caught overnight from a modest retreat in U.S. rate hike expectations. The standoff on Europe's eastern edge is one of the deepest crises in East-West relations for decades, and markets - and the euro - had rallied in relief at earlier Russian statements about a military pullback. A senior ...
Ukraine stand-off keeps euro pinned
Ukraine stand-off keeps euro pinned
Source: Reuters
17/02/2022 9:04:31 AM
Euro marches higher on Russia troops news; yen struggles LONDON  - The euro rebounded on Tuesday, nearly erasing all of Monday's losses, while the dollar's losses deepened after reports some Russian troops in areas near Ukraine have started returning to their bases. Against the greenback, the single currency climbed 0.4% to $1.1354, and within striking distance of Monday's high of $1.1369, as European stock markets rebounded on the news while bond yields headed higher. [GVD/EUR] Some troops in Russia's military districts ...
Euro marches higher on Russia troops news; yen struggles
Euro marches higher on Russia troops news; yen struggles
Source: Reuters
15/02/2022 8:18:17 PM
Euro edges up as traders seek clues on possible ECB rate hike LONDON   - The euro edged up on Wednesday but was off Friday's three-week high, as traders looked for clues as to when the European Central Bank will hike interest rates. The dollar was little changed, a day before the release of U.S. consumer price data that may offer new indications about the pace of the Federal Reserve's monetary tightening. Investors have been revising their forecasts for ECB rate hikes after the bank caught them off guard last week, with President...
Euro edges up as traders seek clues on possible ECB rate hike
Euro edges up as traders seek clues on possible ECB rate hike
Source: Reuters
9/02/2022 8:25:39 PM
Bumper BP profits lift European stocks, euro stalled by cautious Lagarde LONDON  - Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the head of the European Central Bank, Christine Lagarde, tried to rein in interest rate hike expectations. Oil and mining shares were among the biggest gainers on the pan-European STOXX 600, after FTSE-listed BP reported a $12.8 billion annual profit, its highest in eight years, boosted by soaring gas and oil prices. [.EU] It worked out a staggering $24,353 a m...
Bumper BP profits lift European stocks, euro stalled by cautious Lagarde
Bumper BP profits lift European stocks, euro stalled by cautious Lagarde
Source: Reuters
8/02/2022 8:25:58 PM