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Sterling slips back from recent highs vs euro on Brexit talk hopes

Monday,   19-Aug-2019   02:34 (IST)

Sterling fell back from a near three-week high against the euro on Monday but sentiment towards the pound was better than in recent sessions as investors hoped Britain and the European Union would make some progress in Brexit talks. The pound last week had its strongest run in two months, helped by investors cutting their bets against the currency and some buying from traders who believe Britain can avoid a no-deal Brexit in October, when the country is due to leave the EU. Prime Minister Boris Johnson will meet French President Emmanuel Macron and German Chancellor Angela Merkel this week ahe...

Euro gains after biggest weekly drop in six weeks as risk appetite returns

Monday,   19-Aug-2019   01:46 (IST)

The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus fr...

Dollar Hovering Near 2-Week Highs, Sterling Edges Higher

Monday,   19-Aug-2019   12:54 (IST)

The U.S. dollar was hovering near two-week highs against a currency basket on Monday as U.S. Treasury yields bounced back from recent lows amid hopes that major economies will seek to prop up slowing ...

Safe-haven currencies under pressure as stimulus hopes grow

Monday,   19-Aug-2019   09:06 (IST)

Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Suc...

Dollar Gains vs Franc, Yen as Mood Improves

Friday,   16-Aug-2019   02:54 (IST)

Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of tur...

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

Friday,   16-Aug-2019   02:07 (IST)

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...

Euro drops to two-week low against the dollar

Friday,   16-Aug-2019   02:05 (IST)

The euro fell to a two-week low on Friday against the dollar, which extended the gains it made the day before after U.S. retail sales data came out better than expected. The dollar was on course to en...

Dollar holds onto gains, but sentiment remains fragile

Friday,   16-Aug-2019   09:09 (IST)

The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world's top economy, but traders cautioned against reading too much into one piece of data given th...

Sterling near three-year lows before price data

Wednesday,   14-Aug-2019   04:04 (IST)

The pound hovered close to a nearly three-year low on Wednesday before July inflation data with concerns of a no-deal Brexit dogging investor sentiment. Against the dollar, the pound was steady at $1....

Offshore Chinese yuan pares back gains as enthusiasm from tariffs delay wanes

Wednesday,   14-Aug-2019   03:57 (IST)

The offshore Chinese yuan offloaded on Wednesday the gains it made the day before on the back of the announcement that the United States will delay the recently announced tariffs on Chinese imports un...