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Dollar dips after recent strong gains; euro advances
NEW YORK The dollar slipped on Monday after rising 10 straight days as investors consolidated gains fuelled by the election of a new Republican president who is expected to adopt fiscal policies leading to interest rate increases.
Sterling jumps after PM hints at Brexit transition deal
LONDON Sterling surged more than a cent against the dollar on Monday and to its highest since early September versus the euro as the market processed Prime Minister Theresa May's latest hints on the possible shape of Britain's exit from the European Union.
Dollar's rise won't blind Fed to its goals, Fischer says
NEW YORK The Federal Reserve, in deciding policy, will consider the rise in the dollar since the U.S. election but it will not stop the Fed from "doing what we should do" based on the economy's goals, the central bank's vice chairman said on Monday.
Dollar index posts biggest two-week gain in 20 months
NEW YORK The dollar rose to its highest level since April 2003 against a basket of currencies on Friday, marking its biggest two-week increase since March 2015 as traders piled bets on a massive dose of fiscal stimulus under a Trump U.S. presidency.
Sterling dips but gains for third week against euro
LONDON Broad gains for the dollar on Friday halted a recovery for sterling even as it registered its third consecutive week of advances against the euro.
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