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Dollar firmer as investor focus shifts to Fed

Friday,   14-Dec-2018   08:52 (IST)

The dollar firmed against most major counterparts on Friday as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook. The greenback found broad support as the euro and pound came under pressure, after downbeat comments from the European Central Bank president about the outlook for the euro zone and renewed concerns about a hard Brexit. Market participants are now turning their attention away from immediate global trade issues to the Federal Reserve's Dec. 18-19 meeting. The...

Swiss National Bank keep expansive policy, cuts inflation view

Thursday,   13-Dec-2018   04:02 (IST)

The Swiss National Bank kept its ultra-loose monetary policy in place on Thursday, citing the "fragile" exchange rate situation as a reason to maintain its expansive course into its fourth y...

Pound, Euro Climb with Brexit, ECB Meeting in Focus

Thursday,   13-Dec-2018   03:55 (IST)

The British pound and euro both edged higher on Thursday, as investors kept their focus on Brexit developments and the European Central Bank's final policy meeting of the year.The pound was on the...

Pound holds most gains after PM May survives vote but Brexit still in peril

Thursday,   13-Dec-2018   09:00 (IST)

The pound largely held onto overnight gains on Thursday after British Prime Minister Theresa May pulled through a no-confidence vote on her leadership that bought her more time to try to sell her unpo...

Pound Traders Are Betting on May to Survive

Wednesday,   12-Dec-2018   05:01 (IST)

The pound rallied as the market judged U.K. Prime Minister Theresa May may survive a threat to her leadership launched Wednesday.Sterling recovered from a 20-month low and gilts fell after May said sh...

Dollar near one-month high on bounce in U.S. yields, weak pound

Wednesday,   12-Dec-2018   09:05 (IST)

The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. yields and weakness of the pound as its battering from uncertainty about Brexit continued.The green...

Pound up from 20-month low after Brexit setback; dollar retreats

Tuesday,   11-Dec-2018   04:08 (IST)

The pound edged up from 20-month lows on Tuesday as investors tried to decide whether British Prime Minister Theresa May's postponement of a vote on her Brexit deal would lead Britain into a chaot...

Pound near 20-month low on Brexit setback, dollar steadies after surge

Tuesday,   11-Dec-2018   09:00 (IST)

The pound languished near 20-month lows against the dollar on Tuesday after British Prime Minister Theresa May postponed a crucial vote on her Brexit deal, raising the risk of a chaotic exit from the ...

Sterling nears three-month low as investors prepare for Brexit vote

Monday,   10-Dec-2018   03:41 (IST)

Sterling sank to a near three-month low against the euro on Monday as investors positioned for a parliamentary vote on Britain’s Brexit deal with the European Union that Prime Minister Theresa M...

Dollar little changed after biggest weekly loss in three months

Monday,   10-Dec-2018   02:39 (IST)

The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world&...