Tag Archives: currencies

The dollar rose on Wednesday, a day after it suffered its biggest loss in more than two months after US Federal Reserve Chairman Jerome Powell emphasized tighter monetary policy as the US central bank sought to contain rising inflation. Powell pledged that the central bank would raise interest rates as …

European shares rose on Tuesday and were set to extend their gains for the third consecutive session, supported by hopes of continued demand from China as authorities look to ease COVID-19 restrictions. The Stoxx 600 index rose 0.7 percent by 0710 GMT, with gains for all major sub-sectors, led by …

European shares opened lower on Monday, with French shares down nearly 1 percent, after weak economic data from China fueled fears of a global recession. The pan-European Stoxx 600 index fell 0.6 percent by 0715 GMT, after posting its first weekly gain in five weeks on Friday. China’s April retail …

The dollar rose at the start of the week to a level just under a 20-year high against other major currencies on Monday as investors sought safe havens due to concerns about global growth while cryptocurrency markets appeared to have found some stability after last week’s turmoil. The dollar index …

European shares rose in early trading on Friday to settle at the end of a volatile week dominated by concerns about sharp inflation and tightening monetary policy. The pan-European STOXX 600 index rose 0.7% by 0710 GMT, with banking, oil, gas and technology shares leading the morning gains. Trading in …

European shares fell on Thursday, pulled down by steep losses on Wall Street overnight, after US inflation data fueled concerns about the impact of higher interest rates on economic growth. The pan-European Stoxx 600 index fell 1.7 percent, losing many of the gains it made in the middle of the …

The dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closings in China boosted the dollar’s safe-haven appeal. Against a basket of major currencies, the dollar index exceeded 104.19 for the first time since July 2002, continuing its rise by nine percent …

On Wednesday, the dollar index continued to retreat from its highest level in 20 years after it had already digested expectations that the Federal Reserve will raise interest rates by half a point later on Wednesday and about 250 basis points by the end of the year. Currency markets are …

On Tuesday, the euro settled near a five-year low against the dollar, ahead of a speech by European Central Bank President Christine Lagarde. The dollar fell slightly from its highest level in 20 years against a basket of currencies before an expected hike in the US interest rate this week, …

The dollar rose against the yen above 130 yen on Thursday for the first time since 2002, after the Bank of Japan maintained its commitment to ultra-loose monetary policy, while the euro briefly fell below $1.05. There was some speculation in the market that the BoJ might pull back a …