Pound, gilt yields gain as markets see bigger budget under new British finance minister
In a sign of Boris Johnson tightening his control, the British Prime Minister forced the resignation of Sajid Javid as finance minister on Thursday after Javid refused to sack...
Yen, Swiss franc gain as China virus cases jump; U.S. data eyed
Though broad risk-off sentiment was the main theme in London trading, traders were looking to take positions in riskier currencies as the jump in new cases was a result...
Sterling bounces following economic growth data, still close to 2020 low
The currency had on Monday touched its lowest levels for this year amid uncertainty over Britain’s future trade relationship with the European Union.
Preliminary data for...
U.S. finalizes rule to slap duties on countries that undervalue currencies
The move could provide a fresh irritant in U.S.-China trade talks just weeks after the world’s two largest economies signed a Phase 1 trade agreement, and comes a day...
Pound hit by renewed hard Brexit fears after Johnson’s tough talk
The sides have until the end of the year, when a standstill transitional period expires, to secure a deal on trade and future relations but Johnson is striking a...
Weak U.S. data ends the dollar’s safe-haven rally
The dollar index .DXY had gained 0.65% in the last two weeks as investor sold off risk assets. Coronavirus fears persisted, however, with the World Health Organization declaring the...
Dollar holds gains after Fed expresses virus concerns
Demand for the dollar index has risen as investors uncertain about the impact of the outbreak have sought out safe-haven assets. In the last two weeks, the index has...
Dollar dips vs yen as investors reach for safe havens on virus scare
The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand....
Yen sinks to two-week low vs dollar as U.S.-Iran tension wanes
The safe-haven yen fell to two-week lows against the dollar on Thursday, as the United States and Iran moved away from an all-out conflict, prompting investors to take...
Yen, Swiss franc fall after Trump signals no further action vs Iran
The safe-haven yen slid from three-month highs against the dollar on Wednesday, as U.S.-Iran tensions eased after President Donald Trump signaled there would be no further military action,...
