The dollar clung to late-week gains on Monday, while the yen and yuan each edged higher, as investors looked ahead to a slew of U.S. Federal Reserve speakers this week and to a decision on the inclusion of Chinese government bonds in a global index.
福利网站The U.S. dollar lost ground to the Japan's yen for the fifth straight day and the yen was at a seven-week high against the greenback on Friday as investors sought safety amid concerns about a resurgence in coronavirus cases in Europe and a lack of progress in U.S. fiscal stimulus negotiations.
福利网站The pound fell sharply on Thursday after the Bank of England said it had briefed monetary policymakers on how a negative interest rate could be brought in, before recovering most of the lost ground in later trading.
福利网站The safe-haven yen rose to a seven-week high against the dollar on Thursday amid a batch of generally weak U.S. data and overall uncertainty about the economic outlook, backing the Federal Reserve's concern on Wednesday about the pace of recovery.
A deepening dollar sell-off propped up the British pound on Wednesday, putting it on track for its biggest daily rise in 2-1/2 weeks before a UK central bank meeting on Thursday where policymakers may give a downbeat assessment of the economy.
The U.S. dollar gained on Wednesday in choppy trading after the Federal Reserve kept interest rates pinned near zero and said it expects the U.S. economic recovery from the coronavirus crisis to accelerate with unemployment falling faster than the central bank expected in June.
福利网站The British pound held firm near recent 1-1/2 month low in late U.S. trade after the UK government won an initial Parliamentary vote on its controversial bill to violate the Brexit deal with the European Union.
福利网站The pound rose against the euro and a broadly weaker U.S. dollar on Monday, boosted by improved risk appetite in global markets, while investors waited for UK lawmakers to vote on a bill which the European Union has told London to scrap.
Bezos, Gates and Buffett are still on top on the annual Forbes Billionaires list. But a 'real animosity' is growing against the billionaire class in the United States, Forbes Assistant Managing Editor, Luisa Kroll, tells Reuters. For the full list: www.forbes.com/billionaires. ROUGH CUT. (No reporter narration.)