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News

Yen and Swiss franc gain as COVID variant dents risk appetite

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 26 (Reuters) - News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the safety of the Japanese yen and the Swiss franc on Friday, and traders also took profits after an extended rally in the U.S. dollar. The gains in the yen and the franc ca
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Sterling weakens below $1.33 for first time in 2021

(Updates with latest prices, details, chart) LONDON, Nov 26 (Reuters) - Sterling briefly weakened below $1.33 on Friday for the first time since December 2020 as a new COVID-19 variant described as the most concerning yet hit sentiment in global markets. The pound later recovered back above $1.33 but was down 0.8% against the euro. "London is natur
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Yen and Swiss franc gain as COVID variant dents risk appetite

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 26 (Reuters) - News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the safety of the Japanese yen and the Swiss franc on Friday, while traders also took profits after an extended rally in the U.S. dollar. The yen and franc gains came at the
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Sterling sinks below $1.33 for first time in 2021

LONDON, Nov 26 (Reuters) - Sterling briefly dropped below $1.33 for the first time since December 2020 as the British currency found itself caught up in the dumping of riskier assets amid panic over a new COVID-19 variant described as the most concerning yet. Concerns it might be harder to combat the variant in South Africa with vaccines also promp
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Sterling hits fresh 2021 lows vs dollar, 9-day low versus euro

(Updates throughout) By Joice Alves LONDON, Nov 25 (Reuters) - Sterling fell on Thursday to a fresh 2021 low against the dollar and to a nine-day low versus the euro as worries over economic growth outweighed expectations for a Bank of England rate hike. The pound shed 0.1% versus the dollar to $1.3320 at 1644 GMT, and was set for a fifth consecuti
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Sterling steadies as investors wait for signs from BoE's Bailey

By Joice Alves LONDON, Nov 25 (Reuters) - Sterling steadied on Thursday close to a 2021 low against the dollar, supported by expectations of a rate hike in the United States, while investors awaited for a Bank of England Governor's speech later in the day. Analysts and investors are looking for signs on whether the Bank of England will hike rates i
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Dollar jumps on hawkish Fed, strong consumer spending data

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 24 (Reuters) - The dollar gained broadly on Wednesday, reaching 16-month highs against the euro and an almost five-year top against the Japanese yen as investors bet that the U.S. Federal Reserve will tighten monetary policy faster than its peers. Fed officials have contributed to the m
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Sterling hits fresh 2021 low versus dollar

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link By Stefano Rebaudo Nov 24 (Reuters) - The British pound hit a fresh 11-month low against the dollar on Wednesday as expectations for a rate hike supported the greenback, while it was slightly higher against the euro. Investors remained focused on whethe
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Dollar jumps on hawkish Fed, strong consumer spending data

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 24 (Reuters) - The dollar hit fresh 16-month highs against the euro on Wednesday as investors priced for the prospect that the Federal Reserve will begin hiking rates in mid-2022 while the European Central Bank is expected to remain more dovish as growth in the region lags. Fed official
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Sterling holds close to 2021 low versus dollar

* Graphic: World FX rates in 2020 Link * Graphic: Trade-weighted sterling since Brexit vote Link By Stefano Rebaudo Nov 24 (Reuters) - The British pound was little changed on Wednesday, within striking distance of its 11-month low against the dollar, as expectations for a rate hike supported the greenback. Meanwhile, investors remained focused on w
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Dollar steady, euro recovers on better than expected data

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 23 (Reuters) - The dollar index held near 16-month highs on Tuesday after Federal Reserve Chair Jerome Powell was picked for a second term, reinforcing market expectations that U.S. interest rates will rise in 2022. The euro bounced off 16-month lows, meanwhile, helped by better-than-ex
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Sterling touches lowest level in 2021 versus the dollar

By Joice Alves LONDON, Nov 23 (Reuters) - Sterling slipped on Tuesday to its lowest level versus the dollar this year as traders assessed the impact of new COVID restrictions across Europe, while expectations for a rate hike in the United States supported the dollar. The pound GBP=D3 slipped to $1.3344 versus the stronger dollar, touching its lowes
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Dollar gains, euro recovers on better than expected data

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 23 (Reuters) - The dollar index held near 16-month highs on Tuesday after Federal Reserve Chair Jerome Powell was picked for a second term, reinforcing market expectations that U.S. interest rates will rise in 2022. The euro bounced off of 16-month lows, meanwhile, helped by better-than
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Sterling slips versus euro as traders weigh EU restrictions impact

By Joice Alves LONDON, Nov 23 (Reuters) - Sterling slipped on Tuesday but was near the 21-month high touched against the euro in the previous session with traders weighing how a COVID-19 resurgence in the euro zone will impact Britain. Fears of more restrictions in Germany, after Austria reimposed a full lockdown, sent the euro on Monday to its low
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Dollar jumps on Powell renomination, euro hurt by 19 lockdowns

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 22 (Reuters) - The dollar set a 16-month high against the euro on Monday after Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden, while the single currency was hurt by COVID-19 related lockdowns. Lael Brainard, the Federal Reserve board
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Sterling holds near early-2020 high vs euro, slips vs dollar

By Dhara Ranasinghe LONDON, Nov 22 (Reuters) - The British pound held near its strongest levels since early 2020 against the beaten-down euro on Monday but slipped against the dollar, which rallied after Federal Reserve Chair Jerome Powell was nominated for a second four-year term. Sterling briefly touched 83.80 pence per euro EURGBP=D3 , a new Feb
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Dollar jumps on Powell renomination, euro hurt by COVID lockdowns

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Nov 22 (Reuters) - The dollar set a 16-month high against the euro on Monday after Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden, while the single currency was also hurt by an increase in COVID-19 cases in the region. Lael Brainard, the
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Sterling holds near early-2020 high vs euro

By Dhara Ranasinghe LONDON, Nov 22 (Reuters) - The British pound held near its strongest levels since early 2020 against the beaten-down euro on Monday though it slipped against the dollar, which is being supported by bets on faster Fed policy tightening. Sterling briefly touched 83.80 pence per euro EURGBP=D3 , a new Feb. 2020 high against the sin
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Sterling rises vs euro amid BoE hike bets, Austrian lockdown

(Updates news and rates) By Joice Alves LONDON, Nov 19 (Reuters) - Sterling rose versus the euro on Friday as economic data fuelled bets the Bank of England will raise interest rates, while the euro weakened with Austria announcing a new COVID-19 lockdown. Sterling was 0.3% higher versus the euro at 84.02 pence at 1540 GMT, and was set for its best
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Sterling set for best week vs euro since first UK lockdown

(Corrects paragraph four to show 11-month low versus dollar was hit last week not this week) By Joice Alves LONDON, Nov 19 (Reuters) - Sterling edged up versus the euro on Friday and was set for its best week versus the single currency since Britain's first lockdown in March 2020, after retail sales helped to fuel bets the Bank of England will rais
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