• Reuters - UK Focus

    GLOBAL MARKETS-Dollar firms, stocks soar on ECB rate cut expectations

    U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations

  • Reuters - UK Focus

    FOREX-Dollar flat on soft consumer sentiment, possible German stimulus

    The dollar ended roughly flat on Friday, retracing the morning's move higher, after worries tied to trade tensions and a Federal Reserve rate cut weighed on consumer sentiment and a report that Germany may run a deficit to boost growth lifted the euro. Germany's right-left coalition government

  • Reuters - UK Focus

    Speculators trim long dollar bets - CFTC and Reuters

    Speculators cut their bullish bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in

  • Reuters - UK Focus

    GLOBAL MARKETS-Dollar firms, stocks soar on ECB rate cut expectations

    The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year

  • Reuters - UK Focus

    FOREX-Dollar rises on bullish data, euro's fall

    The dollar rallied on Friday on bullish economic data and hit a two-week high against the euro as expectations of central bank stimulus weighed on the single currency. Better-than-expected retail sales data in the United States on Thursday also encouraged buying of the dollar. "Any downturn in

  • Reuters - UK Focus

    UPDATE 2-Data, politics fuel big gains for pound vs euro, dlr for the week

    The pound advanced broadly on Friday, notching up its biggest daily rise versus the euro in nearly five months, as a combination of news and decent data provided enough ammunition to speculators to buy the struggling British currency. After being hit by growing concerns of Britain crashing out of the

  • Brazil's foreign exchange move paves way to reduce $385 billion reserve stash
    Reuters

    Brazil's foreign exchange move paves way to reduce $385 billion reserve stash

    Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said. Officially, the central bank's announcement on Wednesday that it will sell dollars -

  • Reuters - UK Focus

    FOREX-Norway's crown slides to 17-year low, euro drops on rate expectations

    The crown extended its selloff after the Norges bank said on Thursday its plan for an interest rate rise this year was now more uncertain. Trade tensions between the United States and China intensified last week after President Donald Trump warned he will be raising tariffs on additional Chinese imports

  • Reuters - UK Focus

    Pound set for biggest weekly gain in nearly 2 months as no-deal Brexit opposition grows

    The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit. British retail sales unexpectedly expanded in July and signaled that consumers

  • Reuters - UK Focus

    FOREX-Dollar holds advantage for now, traders still wary about global growth risks

    The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves after fears of recession and protests in Hong Kong rattled financial markets. During Asian trading the dollar briefly extended gains and

  • Thailand plans $10 billion stimulus to support economy
    Reuters

    Thailand plans $10 billion stimulus to support economy

    Thailand is planning a stimulus package worth $10 billion that will include support for farmers and tourism, its finance minister said on Friday, in a move to shore up a flagging economy. Southeast Asia's second-largest economy expanded 2.8% in the first quarter, the weakest annual pace in more

  • Reuters - UK Focus

    FOREX-Dollar holds onto gains, but sentiment remains fragile

    The greenback was on course for a weekly gain against safe-haven currencies such as the Japanese yen and the Swiss franc, pointing to some respite for frayed nerves after fears of recession and protests in Hong Kong rattled financial markets. This week's inversion in the U.S. Treasury yield curve

  • Dollar firms, stocks soar on ECB rate cut expectations
    Reuters

    Dollar firms, stocks soar on ECB rate cut expectations

    U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the euro as expectations

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks falter, dollar recovers on renewed growth worries

    The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings. Gold prices, which have climbed almost 20% since late May on uncertainty

  • Reuters - UK Focus

    Sterling bounces as Labour prepares bid to avert no-deal Brexit

    Sterling rose on Thursday to the highest in more than a week, supported by news that the opposition Labour Party was mounting a bid to bring down Prime Minister Boris Johnson and stop him taking Britain out of the EU without a deal. Labour said it would call a vote of no-confidence in Johnson's

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks falter, dollar recovers on renewed growth worries

    The dollar recovered from early weakness but a gauge of global equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings. Gold prices, which have surged almost 20% since late May on uncertainty

  • Reuters - UK Focus

    FOREX-Dollar recovers as strong U.S. data soothes market nerves

    The dollar recovered from early weakness against the safe-haven yen as better-than-expected U.S. retail sales data on Thursday eased fears that the U.S. economy could be headed for a recession. The Japanese yen, which tends to benefit during geopolitical or financial stress as Japan is the world'

  • Reuters - UK Focus

    FOREX-Dollar recovers vs the yen as U.S. data soothes market nerves

    The dollar rebounded and rose against the yen on Thursday as better-than-expected retail sales data in the United States helped offset fears that the U.S. economy could be headed for a recession. Foreign exchange markets have remained relatively calm despite big moves in bond markets this week, where

  • Reuters - UK Focus

    UPDATE 2-Sterling buoyed by economic data, prospects of averting no-deal Brexit

    Sterling gained on Thursday, boosted by better-than-expected retail sales and news that Britain's opposition Labour Party had begun its bid to bring down Prime Minister Boris Johnson and stop him taking him out of the European Union without a deal. Retail sales rose by 0.2% month-on-month in July

  • Reuters - UK Focus

    Sterling rises but traders say gains unlikely to last

    Sterling was slightly higher on Thursday, boosted by better-than-expected retail sales and news that Britain's opposition Labour Party had begun its bid to bring down Prime Minister Boris Johnson with a vote of no confidence. Retail sales went up by 0.2% month-on-month in July, a smaller increase

  • Reuters - UK Focus

    FOREX-Yen rallies again as market selloff extends on recession fears

    The yen strengthened again on Thursday as signals from the bond market that the U.S. economy could be headed for a recession unnerved investors. Foreign exchange markets have remained relatively calm despite big moves in bond markets this week, where investors have piled into government debt in anticipation

  • Reuters - UK Focus

    FOREX-Yen holds gains, traders seek safety as Treasury market sounds recession alarm

    The yen held gains against major currencies on Thursday as sliding Treasury yields fanned fears of a severe global economic downturn and drove investors into safe-haven assets. The latest turbulence in financial markets was triggered by an inversion in the U.S. Treasury yield curve for the first time

  • Reuters - UK Focus

    FOREX-Yen holds gains as Treasury yield inversion fans recession fears

    The yen held on to gains against major currencies in early Asian trading on Thursday as growing signs of a global economic slump drove investors into safe-haven assets. The Swiss franc and gold also edged higher as investors fled from stocks and sought safe-haven assets after the U.S. Treasury yield

  • Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
    Reuters

    Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

    LONDON/NEW YORK (Reuters) - Trade tensions between the United States and China and a weakening yuan are boosting demand for cryptocurrencies among Chinese investors, market players from Asia to New York said. Measuring crypto trading volume in China or elsewhere is highly difficult.

  • Sterling traders and British gamblers share no-deal Brexit view
    Reuters

    Sterling traders and British gamblers share no-deal Brexit view

    Foreign exchange markets and British gamblers share an increasingly similar view on the prospect for a no-deal Brexit, with the relationship between the two notably close since Boris Johnson became prime minister. The pound has tumbled 4% to nearly 93 pence per euro from 89 pence in late July when Johnson

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