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Mon, 22 May 2023 15:58:13 +0000 en-GB hourly 1 https://wordpress.org/?v=6.2.2 https://www.globalbankingandfinance.com/dollar-gains-against-yen-as-fed-policy-debt-ceiling-in-focus/ Mon, 22 May 2023 15:58:13 +0000 https://www.globalbankingandfinance.com/?p=474440 Dollar gains against yen as Fed policy, debt ceiling in focus By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh signals on whether the U.S. Federal Reserve is likely to continue hiking interest rates and watched for […]]]> https://www.globalbankingandfinance.com/dollar-weakens-after-gains-all-week-debt-deal-hopes-boost-market-sentiment/ Fri, 19 May 2023 16:10:42 +0000 https://www.globalbankingandfinance.com/?p=474406 Dollar weakens after gains all week; debt deal hopes boost market sentiment By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar fell on Friday after posting gains for most of the week, as optimism over a breakthrough in U.S. debt ceiling talks boosted risk sentiment and spurred buying of currencies that benefit […]]]> https://www.globalbankingandfinance.com/wall-street-gains-dollar-climbs-on-solid-data-debt-ceiling-progress/ Thu, 18 May 2023 15:36:57 +0000 https://www.globalbankingandfinance.com/?p=474376 Wall Street gains, dollar climbs on solid data, debt ceiling progress By Stephen Culp NEW YORK (Reuters) -Wall Street turned higher and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears. Investors also appeared to take heart from signs […]]]> https://www.globalbankingandfinance.com/platinum-facing-biggest-deficit-in-years-as-carmakers-snap-up-metal/ Mon, 15 May 2023 23:08:51 +0000 https://www.globalbankingandfinance.com/?p=474257 Platinum facing biggest deficit in years as carmakers snap up metal LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports predicted on Monday. The reports underline an emerging change in fortunes for platinum and its sister metal palladium, both […]]]> https://www.globalbankingandfinance.com/u-s-dollar-struggles-pound-hits-one-year-high/ Mon, 08 May 2023 15:20:42 +0000 https://www.globalbankingandfinance.com/?p=474076 By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against […]]]> https://www.globalbankingandfinance.com/dollar-slips-after-upbeat-china-data-euro-pound-rise/ Tue, 18 Apr 2023 20:28:43 +0000 https://www.globalbankingandfinance.com/?p=473641 By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. China’s gross domestic product (GDP) grew 4.5% year on year in the first three months of the year, data showed, beating […]]]> https://www.globalbankingandfinance.com/european-shares-set-for-weekly-gain-on-u-s-inflation-outlook/ Fri, 14 Apr 2023 13:34:47 +0000 https://www.globalbankingandfinance.com/?p=473524 European shares set for weekly gain on U.S. inflation outlook By Elizabeth Howcroft LONDON (Reuters) -European shares rose in early trading on Friday, with the STOXX 600 up for a fifth session in a row, as expectations rose that the U.S. Federal Reserve may soon finish raising interest rates. Asian shares gained after the Monetary […]]]> https://www.globalbankingandfinance.com/european-shares-rise-as-us-inflation-data-signals-end-of-rate-hike-cycle/ Fri, 14 Apr 2023 13:23:10 +0000 https://www.globalbankingandfinance.com/?p=473520 European shares rise as US inflation data signals end of rate-hike cycle By Shubham Batra (Reuters) -European shares rose on Friday and were set for a fourth straight weekly gain, buoyed by hopes that the U.S. Federal Reserve could soon pause its aggressive interest rate-hike cycle following cooler-than-expected inflation in March. The pan-European STOXX 600 […]]]> https://www.globalbankingandfinance.com/dollar-drops-as-inflation-cools-more-than-expected/ Wed, 12 Apr 2023 19:43:32 +0000 https://www.globalbankingandfinance.com/?p=473459 By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed U.S. consumer prices rose less than expected in March, raising expectations that the Fed is likely to stop hiking rates after a possible increase in May. The Consumer Price Index (CPI) climbed 0.1% last month, below economists’ expectations for a […]]]>