Currencies

Dax starts trading firmer - US interest rate policy in focus

Hopes that interest rates in the USA will soon fall supported the German stock market on Thursday. The Dax advanced by 0.3 percent to 18,426 points. The German share index is surfing...

Sterling set for fifth daily rise ahead of UK election

The pound rose on Wednesday, taking advantage of a softening in the dollar and a reading of business activity that showed growth in the British services sector cooled in June, but not by as much as...

Euro expected to hold ground despite political tremors

The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank interest rate cuts by then,...

South Korean won, Thai baht dip among tepid Asian currencies

The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR ...

Currencies: the yen and the euro, two currencies under pressure

When it comes to the top currencies, the Japanese yen is undoubtedly at the top of the list, with record weakness against all G10 currencies. The euro is also in the crosshairs of currency traders,...

Dollar soars near 38-year yen peak as Trump risk lifts US yields

The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. ...

Sterling loses ground to euro after French election first round

The pound slipped against the euro on Monday as the single currency rallied on investor expectations that France's far right party might not secure an outright majority after winning the first round...

Britain's Labour aims for closer EU ties without reopening Brexit wounds

For a decade, leaving the European Union was the question that dominated British politics. These days it barely comes up. Which is clearly how Labour Party leader Keir Starmer likes it. ...

Euro rises after France's first-round vote, yen struggles

The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter...

Dollar is only winner from China-West trade war: McGeever

The only winner from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade policy is the highest since 2018-2019 when...

Risk premium on French debt hits highest since 2012 crisis ahead of election

The premium investors demand to hold French government bonds jumped to its highest since the euro zone debt crisis in 2012 on Friday, highlighting market nerves about parliamentary elections this...

Japan appoints Atsushi Mimura top FX diplomat, replacing Masato Kanda

Japan's government appointed financial regulation expert Atsushi Mimura on Friday as its top currency diplomat, replacing Masato Kanda who battled sharp yen declines this year with the biggest...

Dollar barges past 161 yen and eyes quarterly rise

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. ...

Asia shares eye five-month winning streak; yen buckles under dollar strength

Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later...

Potential China action against EU pork may be double-edged sword for Brazil

China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability...

Sterling heads for first weekly gain in a month

The pound edged up on Thursday, heading for its first weekly gain in a month, as the dollar eased ahead of U.S. inflation data that could prompt the Federal Reserve to cut interest rates more than...

Battered yen pinned near multi-decade low amid resilient dollar

The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the...

Sterling dips as dollar strengthens while traders await U.S. data

The pound dipped on Wednesday as the dollar strengthened while investors waited for the release of the Federal Reserve's preferred gauge of inflation on Friday. Sterling was last 0.2%...

Frankfurt skyscraper owner files for insolvency as property crisis grips

The owner of a prominent skyscraper in Germany's banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest property crisis in a generation. The tower,...