Pound Sterling rose to two-month high ahead of interim budget
Reuters: Sterling rose to its highest in two months on Monday, as the prospect of steep rate cuts next year by the Federal Reserve dented the dollar, but the pound …
U.S. dollar
Dollar stumbled to over two-month low as markets eye Fed cuts
Reuters: The U.S. dollar stumbled to a two-month low on Monday, extending its downtrend from last week as traders reaffirmed their belief that U.S. rates have peaked and turned their …
Dollar set for weekly slide as US inflation cools
Reuters: The dollar set for weekly slide for months against the euro, yen and franc on Friday, as investors sold in anticipation of almost 100 basis points of U.S. interest …
South African Rand soared over 2% after U.S. inflation data
Reuters: The South African rand soared over 2% on Tuesday as the dollar slumped after softer-than-expected U.S. consumer inflation data boosted expectations that the Federal Reserve might be done with …
South African rand extends losses after Powell speech
Reuters: The South African rand extends losses on Friday, capping off a week of losses after hawkish comments from Federal Reserve Chair Jerome Powell helped the dollar rally and decreased …
Dollar licked its wounds ahead of Fed Chair Powell’s remarks
Reuters: The U.S. dollar licked its wounds and regained its footing on Wednesday and inched higher after a slew of Federal Reserve speakers left the door open to further rate …
South African rand weakened after a week of gains
Reuters: The South African rand weakened on Monday, giving back some of the gains the currency made last week on hopes for the end of the U.S. Fed’s tightening cycle. …
Asian shares rallied by hopes of early rate cuts: Rand gains again
Reuters: Asian shares rallied for a fourth straight session on Monday after markets priced in earlier rate cuts in the United States and Europe, bullish wagers that will be tested …
India oil minister Hardeep Singh Puri
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …
China’s PBOC intervenes after yuan hits 16-year high against greenback
Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …