dollar

Legg Mason is introducing a sterling-hedged share class on its offshore Legg Mason Royce US Small Cap Opportunity Fund in response to client demand in the UK.

An ultra-bearish US hedge fund manager shorted gold a year ago, when it was still in favour with most investors, and thinks the price of the metal is on track for a multi-year drop.

The dollar bear market witnessed over the past ten years is finally over, according to Fidelity's chief investment officer Dominic Rossi.

The Bank of Japan's announcement of aggressive growth stimulus measures on Thursday pushed up the flagging Nikkei and caused the yen to fall sharply against the US dollar.

The number of fund managers backing a strengthening in the US dollar hit a record high in March, as optimism over the US recovery also gathered pace.

Aberdeen Asset Management is to introduce hedged share classes on two of its bond funds in a move to reduce currency volatility.

HSBC says sterling will weaken this year as it faces a "triple cocktail" of potentially destructive factors from China, the US and the eurozone.

RBS currency analysts have said selling sterling against the US dollar represents a "top 2013 trade" as the pound rises to a ten-week high.

Sterling fell against the dollar as Chancellor George Osborne announced the UK's fiscal austerity programme would be carried through to 2018.

The euro hit a four-month high today against the US dollar after German lawmakers said the country can now approve Europe's rescue fund.