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SINGAPORE/HONG KONG, June 30 (Reuters) – The euro struggled to regain a footing on Thursday, having tumbled overnight against a resurgent U.S. dollar, which benefited from safe-haven demand on renewed worries about higher rates and a global recession. The euro was at $1.044, after losing 0.75% on the dollar the day before, and heading for […]

LONDON, June 29 (Reuters) – The euro steadied on Wednesday after falling to a six-day low, reacting to the release of conflicting inflation data in Germany and Spain that created a difficult backdrop for European Central Bank policymaking. The European common single currency decline in early London trading after data showed June prices in the […]

LONDON, June 28 (Reuters) – The British pound ticked higher against the dollar on Tuesday and was stable against the euro, even amid flaring Brexit-related risks and a murky economic backdrop. After flattish early trading, by 0846 GMT the currency was up 0.16% versus the dollar at $1.22850 , and 0.06% lower against the euro […]

LONDON and WASHINGTON, June 27 (Reuters) – The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a broader decline. Aggressive rate hike bets have boosted the dollar with an index rising to a near two-decade […]

NEW YORK, June 24 (Reuters) – Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation. U.S. Treasury yields edged higher but held just above two-week lows. […]

WASHINGTON/LONDON/TOKYO, June 23 (Reuters) – Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, […]

June 22 (Reuters) – Oil prices tumbled on Wednesday on news of a plan by U.S. President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent central bank rate hikes, which also weighed on equities. Brent crude futures were down $7.49, or 6.5%, by 1313 GMT […]

LONDON/NEW YORK June 21 (Reuters) – The Japanese yen plunged against the U.S. dollar on Tuesday to its lowest level since October 1998, as the Bank of Japan’s ultra-loose monetary policy was in stark contrast with an aggressive Federal Reserve determined to stamp out soaring inflation. The yen dropped to a new 24-year low of […]

LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London […]