Reuters•5 days agoUnhedged debt stock could supercharge euro rise
By Saikat Chatterjee and Dhara Ranasinghe LONDON (Reuters) - Euro zone investors who have snapped up over a trillion euros worth of foreign debt without protecting the foreign exchange risk are rethinking that vulnerability because of the currency's hefty rally this year. The move entails buying
- The Telegraph•15 days ago
Why the pound has suffered its worst week in a year
Why the pound has suffered its worst week in a year
Reuters•22 days agoHedge funds look past the euro's stumble and like what they see
By Maiya Keidan and Saikat Chatterjee LONDON (Reuters) - Hedge funds are looking past the euro's drop this week and remaining bullish, encouraged by an improved economy and political stabilisation. Long positions in the euro are now at their greatest in five years, positioning data show. Investors
- The Independent•25 days ago
Pound-euro exchange rate: Sterling hits 10-week high as German elections spark uncertainty
The pound rose to a 10-week high against the euro, as political uncertainty following the weekend’s general election in Germany continued to weigh on the bloc’s currency. On Tuesday morning, sterling was trading around 87.54 pence to the euro, its highest level since 14 July, according to Thomson Reuters
Reuters•last monthDollar edges higher versus yen ahead of Fed meeting
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The U.S. dollar rose to a more than seven-week high against the yen on Monday, supported by a rise in U.S. Treasury yields, as traders waited on an impending Federal Reserve meeting for clues on whether U.S. interest rates could rise again by year-end. The
- The Independent•last month
Pound sterling will not hit euro parity this year but Brexit will bring more pain, says HSBC
Forecasters at HSBC have admitted to being “wrong” and have scrapped their prediction that the pound will hit parity against the euro later this year. In a note on Monday, strategists David Bloom in London and Daragh Maher in the US, said that the Bank of England’s “unexpected hunger to join other G10
- CNBC•last month
Financial services giant picks six currency trades for now through December
The year may be nearing its last lap, but Nomura isn’t done with currency trades, setting six to run through the end of 2017.
Reuters•last monthDollar clings to most of its gains as risk sentiment improves
By Lisa Twaronite and Shinichi Saoshiro TOKYO (Reuters) - The dollar held on to most of its gains on Tuesday, following a sharp rebound on improving investor risk sentiment as worries over North Korea and Hurricane Irma receded. The dollar index, which tracks the greenback against a basket of six major
- CNBC•last month
The dollar index bounces back from multiyear lows
The dollar index's leg higher on Monday, as it traded near the 91.86 mark, came just one session after touching its lows of the year.
- CNBC•last month
The incredible falling dollar: Greenback hits new 2017 low
The dollar index just skidded to new 2017 lows, bringing its losses for the year to nearly 11 percent.
- International Business Times•last month
Pound surges to 5-week high against dollar despite mixed UK economic data
Earlier in the session, the Office for National Statistics said manufacturing output rose 0.5% in July, boosted by improving car production, but growth in the broader measure of industrial output slowed to 0.2% from 0.5%. At 4:31pm BST, the pound was up 0.72% against the dollar, changing hands at $1.3195
Reuters•last monthItaly's dual currency schemes may be long road to euro exit
By Gavin Jones ROME (Reuters) - Italy's main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs. It is a big if: previous such plans have been tried around the world with mixed
- CNBC•last month
Euro soars higher as ECB's Draghi comments on currency's strength
The euro saw a volatile afternoon of trade on Thursday as currency traders reacted to comments from Mario Draghi, the president of the European Central Bank (ECB).
- Business Insider UK•2 months ago
There's a battle raging in the City about the pound's future
Some analysts estimate that the pound and the euro will hit parity this year. Parity has never happened in the 18 years in which the euro has existed. Others believe that while the euro may strengthen a little more against the pound, parity is unlikely.
Reuters•2 months ago'Safe-haven' euro could complicate ECB plan to roll back stimulus
By Saikat Chatterjee LONDON (Reuters) - The euro's rise above $1.20 this week has prompted talk that it is becoming a safe haven for investors, posing a problem for the European Central Bank as it plans to roll back its huge economic stimulus in the coming months. The euro is still far from an
- The Independent•2 months ago
Pound-euro exchange rate: Sterling suffers worst performance in 10 months as investors shun currency due to Brexit
The pound suffered its worst month since last October, as global investors continued to shun the currency because of Brexit uncertainty and lacklustre economic data. Sterling fell against both the dollar and the euro on the last day of August, meaning that its trade-weighted loss – or the amount that
- Reuters•2 months ago
'Safe-haven euro could complicate ECB plan to roll back stimulus
By Saikat Chatterjee LONDON (Reuters) - The euro's rise above $1.20 this week has prompted talk that it is becoming a safe haven for investors, posing a problem for the European Central Bank as it plans to roll back its huge economic stimulus in the coming months. The euro is still far from an
- Yahoo Finance UK•2 months ago
Holidaymakers out of pocket as airport euro exchange rates hit fresh low
Moneycorp at Southampton airport offers the lowest rate across the country at just €0.86 to £1.
- The Telegraph•2 months ago
How the pound has changed since its last record slump - in one chart
How the pound has changed since its last record slump - in one chart
CNBC•2 months agoHow the greenback is affecting the Aussie dollar trade
China PMI was positive for the Aussie dollar, but recent dollar strength has caused some weakness in the Australian currency, says NAB's Rodrigo Catril.
- The Telegraph•2 months ago
Is the pound heading for parity with the euro?
Is the pound heading for parity with the euro?
- Yahoo Finance UK•2 months ago
Sterling stumbles again as political tensions heighten talk of parity against euro
Sterling’s rollercoaster ride of recent days saw it dip to a near eight-year low overnight of €1.0763.
- The Independent•2 months ago
Pound-Euro exchange rate: Sterling lingers near eight-year low raising prospect of parity
The pound is hovering near an eight-year low against the euro, sparking forecasts that the two currencies could be on course for striking parity for the first time in history. On Wednesday morning, the pound was changing hands at around €1.0796 on official exchanges, close to its lowest level since
- The Telegraph•2 months ago
Pound almost at parity with the euro as it falls to an eight-year low amid Pacific crisis
Pound almost at parity with the euro as it falls to an eight-year low amid Pacific crisis
- CNBC•2 months ago
The euro bull run isn’t over yet, say currency analysts
The euro has risen more than 14 percent against the dollar so far this year and this climb is expected to continue, according to several market analysts.
