Credit Suisse execs to depart as bank details Archegos losses – sources

© Reuters. FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich By Matt Scuffham NEW YORK (Reuters) -Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to family office Archegos Capital in an investor update Tuesday, sources familiar with the […]

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Dollar pares losses as reflation trade sends yields higher

© Reuters. A U.S. Dollar banknote By Julien Ponthus LONDON (Reuters) – The U.S. dollar pared losses in early European trading after hitting multi-year lows against sterling and the Australian and New Zealand currencies as vaccine progress, expectations for faster economic growth and inflation sent bond yields higher. Yields on 10-year U.S. and German government […]

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Texas storm may cost insurers record first-quarter losses – A.M. Best

© Reuters. FILE PHOTO: Residents line up to enter shelter after record-breaking winter temperatures in Galveston, Texas By Suzanne Barlyn (Reuters) – Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and caused extensive property damage including collapsed roofs and broken pipes, insurer credit rating […]

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Dollar pares gains, equities trim losses ahead of North American trading

The greenback falls to fresh lows on the day now It is shaping up to be groundhog day in the market as the dollar falls against most major currencies as it pares its earlier advance in the European morning. This comes as European indices are also trimming earlier losses with the DAX now seen down […]

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Dollar poised for weekly losses on improving risk sentiment

© Reuters. By Eimi Yamamitsu TOKYO (Reuters) – The dollar held steady in thin trade on Friday but was on track for weekly losses against a basket of major currencies as it remained under pressure on improving risk appetite. U.S. markets were closed for the Thanksgiving holiday on Thursday. “Today will be another quiet day, […]

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Dollar Down, With Improving Risk Sentiment Setting Stage for Weekly Losses

© Reuters. By Gina Lee Investing.com – The dollar was down on Friday morning in Asia, holding steady amid small market moves. However, it looks set to see weekly losses as improved risk appetite continue to apply pressure. The that tracks the greenback against a basket of other currencies inched down 0.03% to 91.983by 9:49 […]

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Stocks higher, dollar extends losses on Biden win

© Reuters. FILE PHOTO: A man eats his lunch of noodles while monitoring stock market prices inside a brokerage in Taipei By Swati Pandey SYDNEY (Reuters) – Wall Street stock futures started strong on Monday while the dollar extended its downward trend as risk assets got a boost on expectations of fewer regulatory changes and […]

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Dollar pares slight losses as the session gets underway

The greenback trades higher as European traders enter the fray The dollar has erased its earlier slight losses from Asia Pacific trading, and is now trading to a session high against the likes of the euro and pound in particular. EUR/USD is down to a low of 1.1801 and sellers defended the 100-hour moving average […]

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