The U.S. dollar rose on Monday, after two days of losses, attracting safe-haven bids, as optimism waned about a trade deal between the United States and China, and investors fretted about the ongoing twists and turns on Britain's exit from the European Union.
Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from the bloc by Oct. 31.
The dollar fell sharply against the euro on Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone avoiding a recession for now.
The U.S. dollar fell sharply against the euro and sterling on Thursday as European Union leaders unanimously backed a long-awaited Brexit deal to take Britain out of Europe on Oct. 31.
The British pound on Tuesday jumped to its highest level since mid-May against the dollar following a report that officials were close to a deal for Britain to exit the European Union.
The dollar dropped to a three-month low on Friday, as safe-haven buying eased and risk sentiment improved on optimism about U.S.-China trade negotiations as well as increased chances for an orderly British exit from the European Union.
Sterling surged on Friday as investors rushed to reprice the prospect of a last-minute Brexit deal, after the European Union gave its chief negotiator the go-ahead to re-open negotiations with London.
Irish government bonds rallied on Friday, outperforming their euro zone peers on hopes that a Brexit deal was now in sight.
Financial analytics firm Mosaic Smart Data has doubled the number of developers and quantitative analysts it employs since 2018 at its London base, where nearly 40 now crunch numbers to help banks trade foreign exchange and bonds.
A broadening rally in the British pound was cut short on Friday after European Council President Donald Tusk said Britain hasn't come up with a "realistic and workable" solution to resolve the Brexit deadlock.
The dollar slid to two-week lows on Thursday, with safe-haven demand for the currency waning as investors grew optimistic about progress towards a U.S.-China trade deal and agreement on Britain's exit from the European Union.
British 10-year government bond yields recorded their biggest one-day rise in nearly four years on Thursday after Irish Prime Minister Leo Varadkar said Brexit talks with his British counterpart Boris Johnson had been "very positive".
Sterling jumped on Thursday after the British and Irish prime ministers revived hopes of a possible Brexit deal.
The U.S. dollar rose to a one-week high against the safe-haven Japanese yen on Wednesday on revived hopes for an amicable resolution to the U.S.-Chinese trade war, after a report that China is still open to agreeing to a partial trade deal with the United States.
Sterling went on a roller coaster ride on Wednesday, jumping on reports of a breakthrough on the Irish backstop and then giving up its gains as hopes of progress on a key sticking point for a Brexit deal were dashed.
The British pound nursed losses on Wednesday, after hitting a one-month low on reports that Brexit talks between Britain and the European Union were close to breaking down, while the dollar weakened slightly on rising trade tensions.
The dollar fell against the safe-haven Japanese yen on Tuesday, pressured by renewed worries about trade, but the greenback strengthened against other currencies as Federal Reserve Chair Jerome Powell refrained from committing to more rate cuts even after data showed an...
Sterling fell to one-month lows against the dollar and the euro on Tuesday, as investors took fright at reports that Brexit talks between Britain and the European Union were close to breaking down.
The dollar edged higher against a basket of currencies on Monday as traders awaited U.S.-China trade talks later in the week for clues to the state of the prolonged trade war between Washington and Beijing, even as chances of a deal appeared low.
Turkey's lira slid to its lowest level against the dollar in more than a month on Monday over concerns about Ankara's planned incursion in northern Syria and a warning from President Donald Trump that he could "obliterate" the Turkish economy.
The British pound broke a two-day rising streak and edged lower on Monday as concerns rose that sizeable differences between Britain and the European Union remained for striking a Brexit withdrawal deal.
Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal.
The dollar inched lower on Friday, giving up gains fueled by a generally solid U.S. jobs report that slightly underperformed expectations, as investors worried about political risk in the United States and ongoing trade talks with China.