By Tommy Wilkes LONDON (Reuters) – The dollar rose towards 2 1/2-month highs on Tuesday, supported by worries about an escalation of the Sino-U.S. trade war. The euro, pushed lower by the stronger dollar, slipped as traders prepared for a swathe of data, including euro zone GDP and German inflation. Investors bought into the dollar […]
By Tom Finn LONDON (Reuters) – The euro fell toward a two-month low on Tuesday before a meeting by the European Commission on Italy’s budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. A dispute over Italy’s spending plans and doubts about the leadership of Britain’s prime minister, mired […]
WASHINGTON (Reuters) – Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday. The hike was the third of this year and the display of unanimity at the Sept. 25-26 meeting […]
By Tom Finn LONDON (Reuters) – The euro languished near a seven-week low on Tuesday as concerns about a row in the European Union over Italy’s budget persisted. The euro has tended not to budge in response to spikes in Italian bond yields triggered by developments in the dispute, with investors judging that Rome’s spending […]
By Shinichi Saoshiro TOKYO (Reuters) – The dollar was in fine fettle against its peers on Friday, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year. U.S. gross domestic product […]
ISTANBUL (Reuters) – Turkey’s lira weakened against the dollar on Monday as investors weighed up the impact of last week’s massive rate hike and turned their attention to this week’s announcement of the government’s medium-term economic plan. At 0555 GMT, the lira stood at 6.19 against the U.S. currency, weakening from a close of 6.1725 […]
DUBAI (Reuters) – Iran rial extended its slide on Wednesday, hitting a record low around 150,000 against the dollar, according to foreign-exchange websites, as the country’s economic fortunes ebb after the United States re-imposed sanctions. The dollar was being offered for 150,000 rials, compared with about 138,000 rials on Tuesday, according to website Bonbast.com, which […]
MOSCOW (Reuters) – The ruble hit its weakest level in two weeks on Wednesday, tracing moves in other emerging-market currencies that came under pressure from investors’ fears over global trade tensions. At 0746 GMT, the ruble was 0.5 percent weaker against the dollar at 68.44 after briefly touching 68.59, a level last seen on Aug. […]
By Saikat Chatterjee LONDON (Reuters) – The dollar consolidated near a one-week high against a basket of rivals on Monday as tensions around global trade negotiations fueled demand for the greenback, though concerns about capital flows checked gains. U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North […]
By Daren Butler and Behiye Selin Taner ISTANBUL (Reuters) – The Turkish lira strengthened against the dollar on Friday as a cut in taxes on lira bank deposits helped rein in losses from a day earlier, when sources said the central bank’s deputy governor Erkan Kilimci was leaving. Three sources told Reuters that Kilimci, also […]
