Month: November 2021

Canadian dollar dips as virus variant risk offsets GDP gain

TORONTO, Nov 30 (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Tuesday as fears that the Omicron coronavirus variant could impede global economic recovery offset data showing stronger than expected growth in the domestic economy. World share markets dropped after the CEO of drugmaker Moderna warned that COVID-19 vaccines are unlikely to […]
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U.S. dollar gains; yen, Swiss franc fall as Omicron fears ease

NEW YORK/LONDON, Nov 29 (Reuters) – The dollar firmed on Monday, while the yen and Swiss franc weakened, reversing some of Friday’s moves, as fears about the new coronavirus variant receded, with governments around the world seeking further information about the most recent mutation and its impact. The Omicron variant, first detected in southern Africa, […]
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Dollar jumps on hawkish Fed, strong consumer spending data

NEW YORK, Nov 24 (Reuters) – The dollar hit fresh 16-month highs against the euro on Wednesday as investors priced for the prospect that the Federal Reserve will begin hiking rates in mid-2022 while the European Central Bank is expected to remain more dovish as growth in the region lags. Fed officials have contributed to […]
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Biden to tout inflation-control efforts, release of oil reserves

WASHINGTON, Nov 23 (Reuters) – U.S. President Joe Biden on Tuesday is expected to highlight his administration’s efforts to tackle rising inflation as the White House increasingly links historic price hikes to companies pocketing handsome profits. Biden’s administration along with the Federal Reserve had largely described sharp spikes in inflation earlier this year as transitory, […]
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