Sterling crumbles to record low, dollar soars on UK fiscal angst

A woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Join now for FREE unlimited access to Register TOKYO, Sept 26 (Reuters) – The pound sterling fell to a record low on Monday as traders rushed for the exits on the belief that the new government’s economic plan would … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears … Read more

Japan intervenes to stop yen slide, after BOJ holds rates super low

BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen Bank of Canada says it didn’t help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in … Read more

China’s trade falters as demand wanes at home and abroad

An aerial view shows containers and cargo ships at the port of Qingdao in Shandong province, China, May 9, 2022. Photo taken with a drone. China Daily via REUTERS Join now for FREE unlimited access to Register China’s single-digit export growth beats forecasts Imports are lagging, reflecting weak demand Trade balance tightens from July … Read more

Oil prices tumble more than $2 ahead of potential large U.S. rate hike

Pump jacks pump oil into an oil field on the shores of the Caspian Sea in Baku, Azerbaijan October 5, 2017. REUTERS/Grigory Dukor Join now for FREE unlimited access to Register LONDON, July 14 (Reuters) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a sharp U.S. … Read more