Dollar set to snap losing streak on growing virus fallout
A fall in oil prices on expectations that production cuts by OPEC may not be enough to support crude during a global demand crunch also weakened riskier currencies, with...
Sterling rises to one-month highs versus dollar, euro
The pound has benefited from improved risk sentiment this month as some economies consider reopening and their coronavirus cases slow, even as experts warn Britain may be on course...
Dollar falls after Fed bolster lending and coronavirus fears ease
The pound pulled ahead against the dollar and the euro as markets breathed a sigh of relief after British Prime Minister Boris Johnson left intensive care following his hospitalisation...
Dollar gains on rising coronavirus crisis concerns
The euro and the Aussie dollar were among the main losers at the greenback’s expense, a day after the dollar suffered its worst drop against a basket of currencies...
Pound rallies as risk appetite returns, traders await news on PM Johnson
Johnson, 55, was moved into an intensive care unit in a London hospital late on Monday after his condition had deteriorated rapidly over the preceding 24 hours. His foreign...
Dollar borrowing costs drop to lowest in decade in FX swap markets
These moves indicate recent emergency actions by global central banks have managed to squelch a growing dollar shortage in these markets.
Costs dropped after the U.S....
Sterling drops as British firms suffer record slump
The final composite Purchasing Managers’ Index covering the two sectors fell to 36.0 from a preliminary “flash” reading of 37.1, and 53.0 in February, data firm IHS Markit and...
Dollar advances for second day, shrugs off record U.S. jobless claims
U.S. jobless claims in the latest week soared to a record level, yet the dollar’s reaction was tepid at most.
Data showed initial claims for unemployment...
Sterling slips as dollar surges on global recession angst
Manufacturing gauges tumbled across the globe, with Purchasing Managers’ Index (PMI) surveys in Asia, the euro zone and the UK underscoring the widening damage wrought by the pandemic that...
Dollar holds the advantage as China PMI fails to calm nerves
China’s yuan held steady even after a key survey showed manufacturing returned to growth in March, but investors remain sceptical of the uptick given many businesses are still struggling...
