LONDON (Reuters) - The euro edged up slightly against the U.S. dollar on Friday, not far from the three-month high it rose to earlier in the week, as traders paused from cashing in the latest profits. During the Asian trading session, the Australian dollar and other risk-sensitive currencies gave up ground, before recovering and trading higher against the safe-haven greenback, following a rise in European stocks. Investors had earlier decided to unwind their positions after a rapid build-up...

LONDON (Reuters) - The dollar slipped and riskier currencies rallied on Tuesday as the U.S. Federal Reserve prepared to start its corporate bond buying scheme, while a report flagging the possibility of more fiscal stimulus helped to underpin investor sentiment. After a 2.1% rise so far this month, the euro was heading back to near $1.15, this year’s high. The Fed said it would start buying corporate debt on Tuesday as part of an already announced stimulus scheme, and launched its Main Street...

LONDON (Reuters) - The rising significance of non-banks has increased the speed and scope of stress transmission through the global financial system at a time when the importance of the U.S. dollar has grown, the Bank for International Settlements said. The umbrella group for the world’s central banks said the structural shifts in favour of these players such as pension funds and insurers has increased market complexity and highlighted the need to gather more data on their activities. “In...

LONDON (Reuters) - Sterling is beset by woes. The currency is struggling near its lowest levels in more than three decades, and a Brexit trade deal looks distant. Meanwhile it is grappling with the prospect of negative interest rates in Britain, a deep recession and a growing pile of debt. Talks between Britain and the European Union to nail down a trade deal have not gone well so far, with the clock ticking on a Brexit transition period that runs out at the end of the year. As if a...

LONDON (Reuters) - The U.S. dollar was set for a weekly gain on Friday and the Australian dollar for a 1% drop this week as the threat of a second wave of coronavirus infections rattled investors. As hopes faded for a quick global recovery from the pandemic, traders unloaded the trade-sensitive Aussie and moved into safer assets such as the U.S. dollar. “The risk is clear that the opening of economies takes longer to materialise vs what markets are discounting,” said Carl Hammer, head of...