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  • Reuters

    FOREX-Nervousness over banks sends euro 1% lower despite PMI

    The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment. Flash Purchasing Managers' Index (PMI) data failed to lift the single currency as sentiment in markets were fragile with European banks falling 5.3%. "The data were better than expected, but the mood in the market is risk aversion which is supporting another move back to the safe haven dollar," she added.

  • Yahoo Finance UK

    Wetherspoon shuts 11 pubs as profits hit £4.6m

    Wetherspoon back in profit after pandemic.

  • Reuters

    FOREX-Dollar eases as traders weigh Fed's rate path; yen rises

    The dollar index, which measures the currency against six major rivals, fell 0.097% at 102.48, just above the seven-week low of 101.91 it touched on Thursday. The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate increases if necessary. Markets are pricing in a 68% chance of the Fed standing pat on interest rates in the next meeting and a 32% chance of another 25 bps hike, according to CME FedWatch tool.

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