Month: May 2022

Pound on track for first monthly gain of the year

LONDON, May 31 (Reuters) – The British pound fell against the U.S. dollar on Tuesday but remained on track for its first monthly gain of 2022 even as Britain’s murky growth outlook continued to weigh on sentiment. At 0850 GMT, the pound was 0.32% lower against the dollar at $1.26140. Despite the weakness, sterling remains […]
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Dollar resumes slide as stock markets tentatively pick up

LONDON, May 30 (Reuters) – The U.S. dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, supported by encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index – which tracks the greenback against six major rivals – is on track for […]
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Wall St gains as economic data allays growth concerns

May 27 (Reuters) – U.S. stocks rallied on Friday, boosted by upbeat earnings, strength in consumer spending and signs that inflation was peaking, easing worries about a sharp slowdown in economic growth. All of the 11 major S&P sectors advanced in morning trade, with technology and consumer discretionary sectors up 2.2% each. Ulta Beauty gained […]
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Oil falls on uncertainty over fuel demand recovery

May 20 (Reuters) – Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July fell 59 cents, or 0.53%, to $111.45 a barrel by 0648 GMT, while U.S. West Texas Intermediate (WTI) crude for June […]
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