Dollar stumbles as markets reassess rate bets, eye ECB

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 […]
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U.S. recession fears darken outlook for global growth

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, […]
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Yen sinks to fresh 24-year low vs U.S. dollar

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 […]
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Crypto industry fears contagion as bitcoin slips under $20,000

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 […]
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