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Asian Currencies Weakens

Monday,   03-Oct-2022   10:45 (IST)

Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while Australian and New Zealand currencies rose ahead of their respective interest rate decisions this week. The Australian dollar rose 0.6%, while the New Zealand dollar added 0.8%. Central banks in both countries are expected to hike interest rates this week, as they grapple with rising inflation levels. The Reserve Bank of Australia meets on Tuesday and is set to raise rates by at least 50 basis points (bps), while the Reserve Bank of New Zealand is expect...

Euro and sterling gain in calmer end to wild week

Friday,   30-Sep-2022   03:22 (IST)

The euro and the sterling hit new one-week highs on Friday, buoyed by Bank of England steps to reassure markets and hawkish signals from the European Central Bank as some calm returned to foreign exch...

Dollar Edges Lower; Sterling Bounces After GDP Surprise

Friday,   30-Sep-2022   01:39 (IST)

The U.S. dollar edged lower in early European trading Friday as sterling and the euro stabilized near one-week highs, helped by intervention by the Bank of England and the expectation of aggressive ti...

Sterling drops 1% as PM Truss defends economic plans

Thursday,   29-Sep-2022   03:20 (IST)

Sterling fell as much as 1% on Thursday after British Prime Minister Liz Truss defended economic plans that have triggered chaos in the country’s markets. Truss said big tax cuts were the right ...

Sterling slips as dollar regains footing

Thursday,   29-Sep-2022   01:48 (IST)

Sterling fell on Thursday and the U.S. dollar was clawing back a recent dip as relief at the Bank of England's intervention in bond markets faded in the face of nagging doubts about Britain's ...

Dollar Surges Higher, Pound Retreats as BOE Relief Doesn't Last

Thursday,   29-Sep-2022   01:47 (IST)

The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into t...

Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying

Thursday,   29-Sep-2022   08:11 (IST)

Sterling retreated again on Thursday from a sharp bounce against the dollar overnight, after the Bank of England announced unlimited bond purchases to shore up Britain's financial markets battered...

Sterling slips after IMF and Moody's rebuke Britain over tax plans

Wednesday,   28-Sep-2022   03:20 (IST)

Sterling resumed its fall on Wednesday after the International Monetary Fund (IMF) and ratings agency Moody’s scolded Britain over its new spending plans. The pound was down 0.56% to $1.068 with...

Dollar marches to new 20-year high, sterling under pressure

Wednesday,   28-Sep-2022   02:14 (IST)

Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower after the latest warning...

Dollar Soars to New 20-Year High; Risk Sentiment Retreats

Wednesday,   28-Sep-2022   02:07 (IST)

The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields spurred fresh recession fears. At 02:55 ET (06:55 GMT)...