Investing in Currencies

By Ankur BanerjeeSINGAPORE (Reuters) -The dollar rose on Tuesday as investors pared back bets on near-term rate-cuts by the U.S. Federal Reserve following hawkish comments from European Central Bank officials, while worries of more attacks on ships in the Red Sea weighed on risk sentiment.Against a basket of currencies, the dollar rose about 0.3% to 102.94, after having gained 0.2% overnight in subdued trading during a U.S. public holiday on Monday.The euro fell 0.3% to $1.0912, set for its steepest one-day percentage drop in two weeks. Sterling was last at...

NEW YORK - Citigroup Inc (NYSE:). has decided to delay its bonus announcements, originally scheduled for January 12th, to Tuesday January 16th, citing the need for financial adjustments due to currency risks in Argentina and Russia totaling $1.3 billion, along with restructuring costs of $780 million. The financial recalibrations affect the bank's records from the third quarter of 2021 through the fourth quarter of 2023.In the meantime, rival Morgan Stanley (NYSE:) has moved forward with its bonus distributions, although it has reported a reduction in investment banker bonuses this year....