Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … Read more

Morning Bid: Asia’s FX Doomloops

Banknotes of Japanese yen and US dollar can be seen in this image, taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Sept. 26 (Reuters) – A look at Jamie McGeever’s day ahead of Asian markets Expect an ugly opening to Asian markets on Monday as investors try to … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

EXCLUSIVE India’s largest lender asks exporters to trade with Bangladesh in rupee, taka

New Delhi, Sept. 19 (Reuters) – Top lender State Bank of India (SBI.NS) has asked exporters to avoid deals with Bangladesh in the dollar and other major currencies as it appears to curb exposure to Dhaka’s declining reserves , according to an internal document and a source. Bangladesh’s $416 billion economy faces rising energy and … Read more

Dollar off 20-year peak as Fed reports big central bank week

You can see one dollar banknotes for the featured stock chart in this image, taken Feb. 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept. 19 (Reuters) – The dollar stalled near a two-decade high on major competitors Monday, ahead of a week of market holidays and central … Read more

Suspicious ghosts mess up UK assets

New UK Chancellor of the Exchequer Kwasi Kwarteng walks outside Number 10 Downing Street, in London, UK, on ​​September 6, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 14 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, faces trouble: A clear shift in the behavior of British … Read more

Fed is ready for another 75 basis point rate hike; early pivot unlikely: Reuters poll

Woman holds US dollar banknotes in this image, taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 13 (Reuters) – The Federal Reserve is set to hike another 75 basis point rate hike next week and is likely to keep its key rate stable for an extended … Read more

Asian stocks rise, dollar limited before inflation test

A man in a protective mask is reflected on an electronic board that displays stock prices outside a brokerage in Tokyo, Japan, Sept. 29, 2021. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei up 1.1%, S&P 500 futures up 0.1% Japanese officials protest ‘excessive’ yen weakness Sources say ECB could … Read more

Morning offer: Happy Monday | Reuters

Pedestrians wait to cross a road at an intersection near a giant display of stock indexes in Shanghai, China, August 3, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register September 12 (Reuters) – A look at Jamie McGeever’s day ahead of Asian markets Asian markets should open the week positively after … Read more

ECB governors see increasing risk of interest rates hitting 2% to curb inflation

The south facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, Dec. 30, 2021. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register Rate makers are preparing for ‘restrictive’ policies Movement needed if inflation still remains above 2% in 2025 Growth forecast for 2023 too rosy Proposal for ‘reverse tiering’ … Read more