BENGALURU, Nov 8 (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said economic data will be the primary influencer of major currencies for the rest of 2023. A stronger-than-expected U.S. economy and rising Treasury yields as … Read more
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A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing Rights LONDON, Nov 6 (Reuters) – The Bank of England told lenders on Monday that they must avoid any risk that customers might confuse new forms of e-money like ‘stablecoins’ with standard deposits … Read more
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Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Nov 6 (Reuters) – Major global currencies were steady early on Monday but seemed poised to extend last week’s uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric. The … Read more
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The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Nov 3 (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond … Read more
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Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more
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U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing Rights NEW YORK, Oct 27 (Reuters) – The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end the week … Read more
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Newly elected Speaker of the House Mike Johnson (R-LA) smiles as he reacts to the applause of members of the House after being elected to be the new Speaker at the U.S. Capitol in Washington, U.S., October 25, 2023. REUTERS/Elizabeth Frantz Acquire Licensing Rights WASHINGTON, Oct 26 (Reuters) – Newly elected U.S. Speaker of the … Read more
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U.S. Dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing Rights TOKYO, Oct 24 (Reuters) – The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key U.S. economic data before the Federal Reserve’s monetary policy meeting next week. … Read more
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Workers load ballot boxes and voting material into a truck, ahead of the presidential election, in Buenos Aires, Argentina October 21, 2023. REUTERS/Mariana Nedelcu/File Photo Acquire Licensing Rights BUENOS AIRES, Oct 22 (Reuters) – Argentines headed to the polls on Sunday to vote in a general election under the shadow of the South American country’s … Read more
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LONDON, Oct 22 (Reuters) – A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 … Read more