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Euro hits four-month high on hopes for EU recovery fund deal

LONDON (Reuters) – The euro retreated after hitting a 19-week high of $1.1467 on Monday after EU summit chairman Charles Michel said a recovery fund to revive economies hit by the COVID-19 pandemic could contain 390 billion euros in grants. EU leaders have mad... More »


Global currency funds notch wins amid coronavirus volatility

NEW YORK (Reuters) – Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets. The BarclayHedge currency traders index was up 6.13% for th... More »


Dollar takes a back seat as markets bet on Fed rate cuts

TOKYO/SINGAPORE (Reuters) – The dollar was on the back foot on Monday as growing expectations of U.S. interest rate cuts to cushion the impact of the coronavirus stemmed some safety flows into the greenback. After U.S. shares were routed in recent days, Federa... More »


Sterling slips from five-month high on Brexit delay jitters

SYDNEY (Reuters) – Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson’s plan for a ... More »


Dollar on back foot after soft data fans bets on dovish Fed

TOKYO (Reuters) – The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain’s exit from the European Union. The do... More »