LONDON—Sterling jumped on Thursday on a media report that the British government is discussing making changes to fiscal plans announced last month, while investors awaited the impending end of the Bank of England’s support for the bond market. The yen languished near a fresh 24-year low, while markets were also on edge ahead of U.S….
Volatile Sterling Surges on Reports of Potential UK Fiscal Plan U-turn
Yen Weakens to New 24 Year Low; Sterling Cautiously Rebounds
October 12, 2022
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LONDON/TOKYO—The dollar scaled new 24-year highs versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month, while investors in sterling were left scratching their heads about the Bank of England’s next steps. The dollar rose 0.48 percent to as much as 146.6 yen, with a fifth straight session of…
Dollar Edges Higher, Yen Slips Toward Level That Prompted Intervention
LONDON—The U.S. dollar edged back toward September’s multi-year highs on Tuesday as worries about rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level that prompted last month’s intervention. Strong U.S. labour market data and an expectation that Thursday’s inflation figures will remain stubbornly high have all but dashed bets…
Dollar Rises as Case for US Rate Hikes Firms
October 10, 2022
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LONDON/SYDNEY—The dollar inched higher on Monday as investors set their sights on inflation data later in the week which is expected to show that price pressures remain strong. Meanwhile, sterling slipped for the fourth straight session even after the Bank of England (BoE) expanded its support for markets. U.S. data due on Thursday is forecast…
Dollar Retreats for Now, as Investors Await US Jobs Data
LONDON—The dollar retreated on Friday, ahead of a key employment report later that could offer a litmus test of the strength of the U.S. economic recovery, but with the Federal Reserve’s commitment to fighting inflation, strategists believe any weakness won’t last. The euro and the pound pared overnight losses and rose for the first time…
Dollar Wavers With ECB Minutes and Friday’s US Jobs Data in Focus
October 6, 2022
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SYDNEY/LONDON—The dollar wobbled lower on Thursday, resuming its slide from early in the week, as investors looked ahead to U.S. labor and inflation data for any sign of softness that could signal an eventual slowdown in U.S. rate hikes. After surging on Wednesday, the greenback struggled to hold its gains, and the euro climbed around…
Dollar Rebounds as Investors Heed Hawkish Reminder From New Zealand
SYDNEY/LONDON—The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk friendlier currencies wore off. The dollar index was last up 0.54 perecnt to 110.77, after tumbling 1.3 percent on Tuesday. The index, which measures the…
Dollar Slips on Euro as Lower US Yields Give Markets a Breather
LONDON—The dollar slid on Tuesday, as U.S. Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows. The Australian dollar was also in focus, sinking after the nation’s central bank surprised markets with a smaller-than-expected interest rate hike. The euro…
Sterling Helped by Tax Cut U-turn, Yen Steadies Past 145 per Dollar
SINGAPORE/LONDON—Sterling rose on Monday after Britain reversed a plan to cut the highest rate of income tax, while the yen weakened past 145 per dollar, near the level where Japanese authorities intervened last month. The pound touched $1.128 after The UK’s prime minister Liz Truss Monday made a dramatic u-turn on plans to cut taxes for…
Euro Falls After Inflation Data but Heads for Weekly Gain
LONDON—The euro dropped on Friday after inflation in the eurozone hit a record high, but headed for a weekly gain on hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week. Sterling was also lower as end-of-quarter demand boosted the dollar, but was…
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