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Sterling edges down, but still close to recent highs vs dollar

Friday,   27-Jan-2023   04:22 (IST)

Sterling edged lower on Friday but was not far from its highest level in over seven months against the dollar. Investors expect the British economy's slowdown to end the Bank of England (BoE) tightening cycle soon, in a move which might weaken the pound in the short-term. British private-sector economic activity fell at its fastest rate in two years in January, a survey showed on Tuesday. Some analysts flagged substantial short-sterling positioning on expectations for a turn in the BoE cycle. The BoE looks on course to raise its main interest rate by half a percentage point to 4% on Feb. 2...

Dollar ticks up ahead of central bank meetings next week

Friday,   27-Jan-2023   03:43 (IST)

The dollar edged up on Friday to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central bank meetings next week. The U.S. Fe...

Dollar rises as market takes 4Q GDP in its stride

Friday,   27-Jan-2023   02:46 (IST)

The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a smaller increase in interest rates from ne...

Asia FX muted as PCE data looms, yen boosted by inflation

Friday,   27-Jan-2023   01:37 (IST)

Most Asian currencies kept to a tight range on Friday in anticipation of the Federal Reserve’s preferred inflation gauge, while the Japanese yen rose as higher-than-expected Tokyo inflation read...

Dollar drops vs yen, near 9-month low to euro on central bank bets

Friday,   27-Jan-2023   08:37 (IST)

The U.S. dollar dropped against the yen on Friday as traders bet a hawkish pivot from the Bank of Japan (BOJ) was still in the offing. The dollar also sagged close to a nine-month low versus the euro,...

Dollar edges higher as traders await Fed decision

Wednesday,   25-Jan-2023   03:21 (IST)

The dollar ticked up on Wednesday in subdued trading as investors looked towards the Federal Reserve's policy decision next week, while the euro slipped from near a nine-month high. The euro was d...

Dollar flat as Aussie surges; Sterling edges lower on PPI; Ifo eyed

Wednesday,   25-Jan-2023   02:28 (IST)

The dollar was little changed in early trading in Europe on Wednesday, with the market apparently settling in to wait for the release of U.S. fourth quarter GDP figures on Thursday. By 03:05 ET (08:05...

Aussie jumps after inflation data; euro bounces on economic resilience

Wednesday,   25-Jan-2023   11:51 (IST)

The Australian dollar surged to a more than five-month high on Wednesday after inflation data came in hotter than expected, bolstering the case for further rate increases, while the euro gained on opt...

Aussie jumps, kiwi slumps after inflation data

Wednesday,   25-Jan-2023   09:00 (IST)

The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand’s fourth-quarter inflation ro...

Dollar struggles, shares buoyant as business activity data set the mood

Tuesday,   24-Jan-2023   04:04 (IST)

The euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday after reasonable European business activity data and a slew of corporate earnings kept r...