Tag Archives: Forex

The dollar maintained its gains against other major currencies on Tuesday, amid great tension in Russia and traders’ anticipation of US data that may determine the timing of interest rate hikes. Russia witnessed at the beginning of the week a failed rebellion, a crisis that pushed the dollar to a …

European stocks fell on Monday as a sharp decline in financial stocks offset gains in the energy sector due to concerns about political instability in Russia, a major oil producer. The pan-European STOXX 600 was down 0.3% by 0717 GMT, after posting its biggest weekly percentage loss in three months …

The dollar fell on Monday before getting some safe-haven support as concerns persisted that the prolonged monetary tightening policy pursued by major central banks could further damage the global economic outlook. Recent events in Russia also kept investors on guard, but the reaction in the currency market was muted as …

European stocks opened lower on Friday at the end of a week marked by a lot of monetary policy decisions from central banks, which supported views that interest rates may remain high for a longer period, while Siemens Energy plunged after the company withdrew its annual profit forecast. The pan-European …

The dollar was supported by a wave of risk aversion on Friday, as hawkish comments from global central banks, including the US Federal Reserve, raised fears of a further contraction of the economy. Sterling struggled to hold on to gains made by the Bank of England’s decision on Thursday to …

European stocks opened lower on Thursday on fears of continued monetary tightening, and with the London Stock Exchange slipping amid uncertainty over the extent to which the Bank of England will raise interest rates later in the day. And by 0716 GMT, the European Stoxx 600 index fell 1.2 percent, …

On Thursday, the dollar approached its lowest level in a month against a basket of currencies, after Jerome Powell, Chairman of the Federal Reserve, stuck to his usual messages in his semi-annual testimony, which did not include any surprises. Sterling rose to near a one-year high ahead of the Bank …

The dollar rose on Wednesday before Federal Reserve Chairman Jerome Powell speaks to Congress as his comments are expected to reflect tightening monetary policy, while the British pound rose slightly after stronger-than-expected British inflation data. Britain’s consumer price index held steady at 8.7 percent in May, despite hopes that it …

The yuan tumbled to a seven-month low on Tuesday after China cut interest rates, while the Swedish krona slid to its lowest level since 2009 against the euro on persistent concerns about the real estate sector. China cut the key interest rate for one-year and five-year loans by 10 basis …

German stocks led losses among European bourses on Tuesday, with speciality chemicals Lanxess falling after the company cut its forecasts, and a modest rate cut in China failed to lift investor sentiment. Germany’s DAX fell 0.3% by 0750 GMT, further away from Friday’s record high. The pan-European Stoxx 600 index …