Britain's battered pound will be around 3.6% stronger in a year, according to a Reuters poll in which analysts were divided, however, on whether the currency would reach parity with the U.S. dollar by year-end after it sank to a record low last week.
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters' currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those gains in bumpy early trade in Asia.
The dollar fought for a
footing in choppy trade on Thursday, with support from upbeat
U.S. data and hawkish policymaker comments, while the prospect
of higher energy prices helped exporters' ...
The unstoppable dollar, which is already having a banner year, is likely to extend its dominance beyond 2022, according to a Reuters poll of foreign exchange strategists who said the currency was still some distance from an inflection point.
Japan's yen will recoup only a third of its big losses against the dollar in the coming year as the policy gap between the ultra-hawkish U.S. Federal Reserve and the extremely dovish Bank of Japan is set to widen further, a Reuters poll found. The policy divergence has battered the currency.
* Wall Street ends lower. * Oil hits 3-week high on supply cuts. * Dollar rebounds, up over 1% * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Pete Schroeder. U.S. stocks slipped Wednesday, ending the strongest two-day rally since 2020, while the dollar and Treasury yields rose on the back of signs the U.S. economy remained hot and Federal Reserve officials were resolute in rate hikes.
* Dollar gains. * Sterling falls after rising for six sessions. * NZ move dims hopes of slowdown in rate rises globally. By Caroline Valetkevitch. The dollar rebounded from recent weakness on Wednesday as investors viewed the U.S. Federal Reserve's aggressive stance on interest rates as likely unchanged, with the euro and sterling down at least 1% each.
Latin American currencies and stocks
fell on Wednesday as hopes for less aggressive policy moves from
central banks to combat inflation fizzled out, while Brazil's
real pared some losses in ...
* Canadian dollar weakens 0.7% against the greenback. * Trades in a range of 1.3504 to 1.3695. * Canadian exports fall 2.9% in August. * 10-year yield rises 14.9 basis points to 3.277% By Fergal Smith.
* Wall Street shrinks earlier losses, still lower. * Oil gains as OPEC+ approves deep supply cuts. * Dollar rebounds, up over 1% * * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Pete Schroeder.
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