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BoE sceptical over digital pound as euro zone backs work on digital euro
Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further ...
17.01.2023
Analysis-Is the party over? Mexico’s peso could lose solid gains in 2023
Mexico's peso, which is ending 2022 with one of its strongest performances in a decade, could have its gains wiped out in 2023 after an expected end to the Bank of Mexico's rate hikes cycle and a possible recession in top trade partner the United States.
The peso last month clawed its way back to ...
29.12.2022
EUR/USD hits 6-month high post Fed, focus turns to ECB
The reaction of the EUR/USD pair to the Fed meeting may have come as a surprise, as the euro marked a new 6-month high of 1.0696 shortly after an event that was widely considered hawkish.
Although the Fed did slow the pace of rate hikes as expected, the dot plot and Jerome Powell's ...
16.12.2022
Asia FX dips as markets weigh China reopening, economic uncertainty
Most Asian currencies crept lower on Thursday as optimism over loosening anti-COVID curbs in China was offset by mixed economic signals from Japan and uncertainty over a U.S. recession.
China on Wednesday announced its biggest yet relaxation of COVID restrictions, dropping several movement curbs ...
08.12.2022
Defiant pound sees biggest monthly rise since 2020 – but still trails most peers
The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and the Swiss franc.
Sterling had jumped about 5% against the greenback in November, as of 2110 GMT Wednesday, with a slowdown in U.S. ...
02.12.2022
Russian rouble edges up in narrow trading range vs dollar
The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters buying roubles to cover month-end tax payments.
At 0710 GMT, the rouble was 0.3% stronger against the dollar at 60.50 and had gained 0.5% to ...
26.11.2022
Billionaire investor Ackman bets Hong Kong dollar peg can break
Billionaire investor Bill Ackman said he's betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money manager to take a public short bet as U.S. rate hikes turn the blowtorch on Hong Kong's currency system.
"We have a large notional short position ...
25.11.2022
Argentina strikes $5 billion China currency swap extension
Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country's President Alberto Fernandez said on Tuesday, a move that would give it more firepower to defend the embattled local peso.
Argentina's government needs to rebuild depleted foreign reserves ...
16.11.2022
Global FX trading hits record $7.5 trln a day – BIS survey
Currency trading has hit a record $7.5 trillion-a-day, a comprehensive new study has shown, with the dollar retaining its global dominance but some signs too that London's position as the world's top trading hub is being eroded by Brexit.
The triennial survey carried out by central bank umbrella ...
28.10.2022
Dollar Edges Higher; Euro Above Parity Ahead of ECB Meeting
The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo hike by the European Central Bank.
At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose ...
25.10.2022
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