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July 1, 2022

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Downturn fears support dollar, Aussie slumps to two-year low

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian......

Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......

Column: Global business cycle starts to turn down: Kemp

Reuters
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have begun to decelerate as the major......

Europe stares at ‘stagflation’, says UBS

Reuters
A man pushes a shopping cart in Nice, France, June 10, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register June 30 (Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the......

Swiss franc jumps, euro trims declines against U.S. dollar

Reuters
LONDON, June 29 (Reuters) – The Swiss franc rose on Wednesday to its highest level against the euro in four months as rising recession fear in the euro zone led investors to seek safe haven assets like the Swiss currency. The Swiss franc , rose 0.6% versus the euro to......

Euro below $1.06 as Lagarde keeps July policy options open

Reuters
A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the......

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register U.S. rate hike bets pare back aggressive Fed tightening path Investors watching ECB annual forum in Sintra Markets on lookout for euro zone price data later in......

Northern Ireland tensions weaken sterling against euro, dollar

Reuters
Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Sterling fell versus the euro on Monday andflattened against the dollar amid more post-Brexit tensions and persistent economic growth worries......

Pound posts first weekly rise in four weeks

Reuters
An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. REUTERS/Luke Macgregor Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) –......

Dollar stumbles as markets rethink interest rate path

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register LONDON, June 24 (Reuters) – The U.S. dollar slipped on Friday and was heading for its first weekly decline this month as traders dialled down bets on......

Dollar gains on growth fears ahead of Fed chair’s remarks

Reuters
HONG KONG, June 22 (Reuters) – The safe haven dollar gained ground on most peers on Wednesday as investors turned nervous again about global growth prospects, while the yen hit a fresh 24-year low as elevated bond yields in the U.S. and Europe contrasted with low Japanese interest rates. The......

Sterling rises as BoE’s Pill sees further rate rises ahead

Reuters
Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 21 (Reuters) – The pound rose against the U.S. dollar on Tuesday as hawkish comments from Bank of England policymakers continued to support the currency,......

Greek coastguard rescues 108 migrants off Mykonos, four missing

Reuters
ATHENS, June 19 (Reuters) – Greece’s coastguard continued to search for four missing migrants off the island of Mykonos on Sunday after rescuing another 108 migrants on a sailboat that sent a distress signal late on Saturday, officials said. A coastguard vessel located the sailboat about 1.8 nautical miles southeast......

Fed vows ‘unconditional’ inflation war, says soft landing still possible

Reuters
June 17 (Reuters) – The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday it will not let anything stand in the way of its battle to bring down the searing inflation that’s punishing American households. “The Committee’s commitment......

Sterling heads for third week of losses as dollar stands tall

Reuters
Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – Sterling fell on Friday in the face of a strengthening U.S. dollar, with the British currency giving up gains made a day......

Yen tumbles from two-week high into BOJ decision, dollar bounces

Reuters
Japanese yen and U.S. dollar banknotes are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register TOKYO, June 17 (Reuters) – The yen retreated sharply from its highest point in nearly two weeks on Friday, with the Bank of......

Dollar steadies as Fed relief falters

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register SINGAPORE, June 16 (Reuters) – The dollar found some footing in Asia on Thursday as initial relief that the Federal Reserve did not go further than expected......

ECB to discuss market rout in unscheduled meeting

Reuters
The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register FRANKFURT, June 15 (Reuters) – The European Central Bank’s rate-setting Governing Council will hold an unscheduled meeting on Wednesday morning to discuss the recent sell-off in......

Pound slammed by prospect of new Scottish independence vote

Reuters
LONDON, June 14 (Reuters) – Sterling plunged on Tuesday to a 13-month low versus the euro and fell below $1.20 for the first time since the start of the pandemic after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum.......

Dollar stands tall as traders brace for Fed to go large

Reuters
Markets price >90% chance of 75bp Fed hike this week Dollar index hits 20-year peak above 105 Yen wallows as BoJ piles in to bond market SINGAPORE, June 14 (Reuters) – The U.S. dollar stood by a fresh 20-year peak on Tuesday and just about everything else nursed losses as......

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