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    LONDON, Nov 28 – Sterling edged up against a weaker dollar on Monday, hovering near a three-month high, even as Britain’s murky economic outlook weighed on traders’ minds. At 1030 GMT, the pound was up 0.12% at $1.2103 – not far off a three-month high of $1.2153 touched on Nov. 24. But sterling fell 0.6% ...
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    A look at the day ahead in U.S. and global markets from Mike Dolan. Rare anti-government unrest across China’s cities over the weekend has unnerved world markets, weakening crude oil prices and adding fresh political risks to a fragile year-end. As demonstrations over strict COVID-19 curbs flared across the country over the weekend and infections ...
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    SINGAPORE, Nov 28 (Reuters) – The dollar climbed on Monday as protests against COVID restrictions in China rattled financial markets, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback. The COVID protests have flared across China and spread to several cities in the wake of a deadly fire in Urumqi in the ...
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    MUMBAI, Nov 28 (Reuters) – The Indian rupee is expected to open lower versus the dollar on Monday as protests in China against COVID restrictions dented demand for Asian currencies and shares. The rupee is tipped to around 81.85 per U.S. dollar in early trades, against 81.6850 in the previous session. The offshore yuan dropped ...
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    MUMBAI, Nov 25 (Reuters) – The Indian rupee firmed on Friday, as most Asian currencies gained against a weaker dollar, but the local currency stopped short of breaching a key resistance level. The rupee was at 81.52 per dollar by 0455 GMT, having risen to 81.49 momentarily. It closed at 81.63 in the previous session. ...
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    CARACAS, Nov 23 (Reuters) – Venezuela’s effort to curb high inflation by stabilizing exchange rates is becoming less effective as the local bolivar currency slips in value against the dollar, analysts said on Wednesday. For months, President Nicolas Maduro’s administration has sought to fight inflation by anchoring the bolivar’s exchange rate. It has increased the ...
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    Fed minutes for November due at 1900 GMT Wall Street stocks trade higher U.S. Treasury yields retreat Crude prices drop more than 4% U.S. dollar falls NEW YORK, Nov 23 (Reuters) – World equities rose while U.S. Treasury yields were lower ahead of the release of the Federal Reserve’s meeting minutes that would offer a ...
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    LONDON, Nov 23 (Reuters) – Bank of England Chief Economist Huw Pill said on Wednesday that more interest rate hikes will likely be needed to return inflation to the central bank’s 2% target sustainably, echoing previous central bank communication. “Given the need to contain the risk of greater inflation persistence implied by potential second round ...
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    LONDON, Nov 23 (Reuters) – You can sometimes buck the market – for a time at least. Even mention government or central bank intervention in financial markets to many professionals and you elicit a tirade on such futility against forces beyond control. And yet again, 2022 proved that’s far from the truth. Times are of ...
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    NEW YORK, Nov 22 (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China’s COVID flare-ups, boosting demand for more risky currencies. Equities, commodities and riskier currencies were largely firmer on Tuesday, a day after fresh COVID-19 curbs ...