Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited its gains from expectations that the Bank of England will raise rates.
The dollar rose from a
one-month low on Monday, ahead of central bank meetings and
economic data coming later this week, boosted by the prospect of
a tighter U.S. monetary policy.
The Canadian dollar barely moved
against its U.S. counterpart on Monday as data showed that
speculators have cut bearish bets on the currency to the lowest
in five weeks and ahead of a Bank of Canada ...
Latin American currencies firmed on
Monday, with Brazil's real lifting off six-month lows, as
rallying commodity prices kept sentiment buoyed in the
resource-rich region.
Consumer ...
* Dollar bounces vs euro ahead of ECB meeting. * Commodity-linked currencies rise further. * Busy week with central bank meetings, data releases. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Tommy Wilkes.
Sterling edged up in early London trading on Monday, but analysts said concerns about economic growth and inflation limited the extent to which the British currency benefited from expectations that the Bank of England will raise rates.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Saikat Chatterjee. World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices.
* Powell comments last week adds to dollar pressure. * Commodity linked currencies rise further. * Busy week with BoJ, ECB meeting. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Tommy Wilkes. The dollar fell on Monday back towards a one-month low as traders continued to focus on the prospect of interest rate hikes and tightening outside of the United States.
The dollar slipped on Monday,
as traders weighed the prospect of inflation hastening the pace
of rate hikes outside the United States, with a wary eye on
commodity prices, U.S. growth data and ...
The dollar rose from a one-month low on Monday, ahead of central bank meetings and economic data coming later this week, boosted by the prospect of a tighter U.S. monetary policy. The upward move came at the expense of the euro, the Japanese yen and the Swiss franc.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
