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Sterling at one-week lows on Brexit concerns, BoE nerves

Tuesday,   28-Jan-2020   03:25 (IST)

Britain’s pound slipped to a one-week low against the dollar and weakened against the euro on Tuesday, as concern about Britain’s future relationship with the European Union creeps back onto the radar of currency markets. Ahead of a knife-edge Bank of England interest rate decision on Thursday, sterling has been pushed and pulled this month by speculation over whether an imminent rate cut is likely. But with Britain formally set to leave the European Union on Friday, concerns about future ties were also coming back into focus, analysts said. The European Union will “never, ne...

Dollar perched at eight-week highs as virus fears linger; Fed eyed

Tuesday,   28-Jan-2020   02:28 (IST)

The dollar held at a 8-week high against its rivals on Tuesday as investors focused on the economic fallout from a new coronavirus in China, though broader market sentiment stabilised with the Chinese...

Dollar in Demand, Euro, Pound Under Pressure

Tuesday,   28-Jan-2020   02:00 (IST)

The U.S. dollar remains strong Tuesday, as heightened concerns about the spread of the deadly coronavirus in China prompt demand for currencies as safer. At 08:00 ET (0800 GMT), the USD/JPY traded 0.2...

Yuan wobbles, yen holds firm as traders count damage from China virus

Tuesday,   28-Jan-2020   08:52 (IST)

The yuan was mired near its weakest level in a month in offshore trade on Tuesday as heightened anxiety about the economic impact of a deadly new coronavirus in China battered riskier assets. The Japa...

Sterling steadies ahead of knife-edge BoE rate decision

Monday,   27-Jan-2020   03:24 (IST)

Britain’s pound was broadly steady on Monday ahead of a key Bank of England interest-rate decision later this week that many analysts see as too close to call. While weak economic data and dovis...

Yuan and commodity-linked currencies dive as Chinese virus fears grow

Monday,   27-Jan-2020   03:20 (IST)

China’s yuan tumbled more than half a percent to a 2020 low, while commodity-linked currencies such as the Australian dollar also fell sharply as escalating fears about the spread of a coronavir...

Yen jumps, yuan slumps on worries China struggling to contain virus

Monday,   27-Jan-2020   09:06 (IST)

The yen rose and the yuan fell in offshore trade on Monday as worries that China is struggling to contain the spread of a pneumonia-like virus sparked a bout of risk aversion. Japan's currency, of...

Dollar Edges Higher as Virus Fears Ease; Euro Weakens

Friday,   24-Jan-2020   03:10 (IST)

The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China. Els...

Euro near seven-week lows before PMI data release

Friday,   24-Jan-2020   03:04 (IST)

The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. Investor attention will turn to the flash PMI...

Euro near seven-week low after ECB; virus fears support yen

Friday,   24-Jan-2020   09:04 (IST)

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped u...