Sterling Set for Worst Month since 2016 vs Dollar

LONDON, Aug 31 Reuters Sterling is set for its worst month since late 2016 against the dollar and its worst versus the euro since mid2021 as fears the British economy is slowing sharply just as inflation gathers pace has sent investors rushing to sell the currency. As of 0930 GMT, the pound was down 4.4 […]
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Dollar Dips, but on Track for ThirdStraight Monthly Gain

New York, Aug 31 Reuters The dollar dipped against a basket of peer currencies on Wednesday, but was on track for its thirdstraight monthly rise, as traders brace for more oversized interest rate hikes from the U.S. Federal Reserve. The dollar index , which measures the greenback against a basket of six currencies, was last […]
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Klarnas Half Yearly Operating Loss Rises

STOCKHOLM, Aug 31 Reuters Swedish payments company Klarna said on Wednesday its halfyearly operating loss more than tripled weighed down by an increase in employee costs, higher credit losses and continued investment in market expansion. The operating result for the first half of the year was a loss of 6.17 billion Swedish crowns 578.52 million […]
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German Bbonds Set for Worst Month in Decades

LONDON, Aug 31 Reuters Germany39;s borrowing costs rose to their highest level in over two months on Wednesday, and were set to end August with their biggest monthly surge in over 30 years, as data showed inflation in the euro area hitting another record high. Bond markets across Europe have been battered this month as […]
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