Chile's peso hit a record low on
Wednesday, underperforming most Latin American peers, as copper
prices plunged on growth worries, and as a workers' strike at
the Codelco mine raised fears ...
The dollar fell on Wednesday
as U.S. Treasury yields slid on fears the U.S. economy could
slide into recession after Federal Reserve Chair Jerome Powell
said higher rates are painful but are the ...
South Africa's equity market slumped and the rand strengthened somewhat on Wednesday after a bigger-than-expected inflation spike in May raised concerns the Reserve Bank may continue to tighten its policy. South Africa's headline consumer inflation, quickened to 6.5% year-on-year in May, the highest since January 2017, Statistics South Africa said.
Chile's peso hit a record low on
Wednesday after workers at state-owned copper producer Codelco
went on strike, while the Czech crown eased a shade against the
euro after the country's ...
The dollar eased
against the euro and yen on Wednesday as concerns mounted that
interest rate hikes by major central banks to contain inflation
run the risk of inducing a sharp global slowdown or ...
The Canadian dollar weakened
against its U.S. counterpart on Wednesday as a sharp drop in oil
prices worked against domestic inflation data that bolstered
bets for a super-sized interest rate hike by ...
The euro and sterling fell on Wednesday as concerns resurfaced that interest rate hikes from major central banks to contain inflation run the risk of a sharp global growth slowdown or recession. Data showing British consumer price inflation hit a new 40-year high at 9.1% sent sterling down almost 1% to a near one-week low of $1.2162, before it trimmed some of those declines.
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold.
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold.
* European stocks tumble as risk on mood evaporates. * Oil prices slump over 4% ahead of U.S. cap move. * Bond yields drop but euro zone spreads widen. * Dollar bulls send yen to new 24-year low. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Marc Jones.
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