Sterling Gains as Dollar Eases on U.S. Tech Sector Retreat
The British pound rose against a softer U.S. dollar as investors scaled back bets on U.S. technology stocks and trimmed long dollar positions ahead of key economic data.
Latest by Sofia Alvarez
Pound Strengthens as Euro Zone Debt Worries and Rate Hike Bets Diverge
The British pound is outperforming the euro as investors flock to UK assets amid rising anxiety over euro zone government debt and expectations for aggressive Bank of England rate hikes.
Yen Hits 5-Week High as AI Stock Sell-Off Drives Flight to Safety
The U.S. dollar weakened while the Japanese yen surged to its highest level in five weeks as a downturn in technology stocks prompted investors to seek out safe-haven assets ahead of key central bank meetings.
Canadian Dollar Hits One-Month High on Surging Oil and BoC Rate Hike Bets
The Canadian dollar reached its strongest level against the U.S. dollar in a month, supported by rising crude oil prices and growing expectations for an imminent Bank of Canada interest rate hike.
U.S. Treasury Yields Plunge as European Turmoil, Tech Jitters Fuel Safe-Haven Demand
U.S. Treasury yields fell sharply on Thursday, with the benchmark 10-year note hitting a one-month low, as investors sought safety amid concerns over AI-related spending in the tech sector and a deepening fiscal crisis in France.
Norwegian Krone to Weaken to Parity Against Swedish Krona, BofA Forecasts
Bank of America expects the Norwegian krone to fall to parity against the Swedish krona by year-end 2026, citing diverging economic outlooks, central bank policy, and a less supportive energy price environment.
British Pound Slips as Global Risk-Off Mood Favors Yen and Franc
The British pound declined on Friday as a broad sell-off in global equities prompted investors to seek traditional safe-haven currencies like the Japanese yen and Swiss franc over the U.S. dollar. Weaker-than-expected UK retail sales data added to the pressure on sterling.
Citi Forecasts USD/JPY to Trade in ¥155-¥160 Range Ahead of BoJ Meeting
Citigroup analysts expect the U.S. dollar to remain range-bound against the Japanese yen in the near term, with the ¥160 level identified as a potential trigger for currency intervention by Japanese authorities.
India's 40-Year Bond Yield Surges to Highest Level Since 2018
The yield on India's 40-year government bond surged to its highest point in eight years following a recent auction, signaling persistent selling pressure across the country's debt markets and a flattening yield curve.