LONDON (Reuters) – Sterling hit a seven-week low against the dollar on Wednesday, as a weaker-than-forecast British service sector survey helped further push back expectations of an interest rate rise.
The pound fell as low as $1.6252, its lowest since December 17, after Markit’s services purchasing managers’ index eased to 58.3 in January. This was its lowest since June and below forecasts for a 59.0 reading.
LONDON, Feb 3 (Reuters) – The euro hit a two-month low
against the dollar on Monday as expectations grew of radical
European Central Bank action to combat slowing inflation, while
emerging market gloom helped push the U.S. currency down versus
The euro, which fell on Friday after weaker-than-forecast
inflation data from the currency bloc, also hit a two-month low
against the yen and dropped to its lowest in more than six weeks
against the Swiss franc.
LONDON (Reuters) – The euro was soft on Monday as investors thought it more likely the European Central Bank would have to ease policy in a radical way to combat slowing inflation, with the bank meeting later this week.
With trading volumes still subdued after Friday’s Lunar New Year holiday in Asia, investors are also eyeing a U.S. manufacturing purchasing managers’ index on Monday for direction on the strength of the U.S. economy. Non-farm payrolls data on Friday also loom, after last month’s low number shocked analysts.
LONDON, Jan 31 (Reuters) – The euro fell on Friday as soft
euro zone inflation data reawakened concerns the European
Central Bank may have to act to avert deflation, while the yen
gained as investors looked for safe havens amid the emerging
The euro was 0.1 percent lower against the dollar at $1.3538
, while against the yen it hit a two-month trough of
LONDON (Reuters) – The yen gained ground on Friday, helped by strong Japanese inflation data and its status as a safe haven in the emerging market sell-off, while the euro was soft ahead of its own inflation readout.
The dollar edged higher against most currencies, helped by month-end flows and talk that central banks in emerging markets who intervened in the markets to prop up their currencies may buy dollars back.
LONDON (Reuters) – Sterling pared losses but still traded weaker versus a strong dollar on Thursday, hindered by the Federal Reserve’s gradual policy change and Bank of England governor Mark Carney’s message of low interest rates.
The pound was 0.4 percent down at $1.6502, having fallen as low as $1.6445 earlier in the session.
LONDON/SYDNEY, Jan 27 (Reuters) – Hedge funds and currency
strategists are growing increasingly cautious over the New
Zealand dollar’s strength against the Australian dollar,
believing its long bull run could finally be nearing an end.
The Aussie slid to an eight-year low of NZ$1.0484
last Friday, its fall having accelerated over the past year as
concerns have grown over resource-rich Australia’s exposure to a
slowing Chinese economy.
LONDON (Reuters) – Sterling fell against the dollar on Tuesday after UK growth data matched analysts’ expectations, wrongfooting some investors who had been hoping for a better-than-forecast readout.
The pound slipped 0.2 percent against a firmer dollar to $1.6547 in the wake of the data, down from $1.6592 beforehand. The euro was down 0.1 percent against sterling at 82.39 pence, having risen as high as 82.535 pence after the reading.
LONDON (Reuters) – The Swiss franc rose against the U.S. dollar on Thursday after the Swiss government raised the level of capital that banks must hold against their mortgage book, tightening monetary conditions.
The euro also rose against the dollar after surveys of French and German business activity came in above expectations.
LONDON (Reuters) – Sterling rose sharply on Wednesday after a report showed the UK unemployment rate fell more than expected, raising expectations that an interest rate increase will be brought forward.
The euro fell to a one-year low against sterling of 81.81 pence after the report, from 82.26 pence beforehand, leaving it down 0.6 percent on the day. The pound jumped to $1.6553, its highest in almost three weeks, from $1.6464. Volumes rose sharply in both pairs after the data.