Forex

Zimbabwe central bank says it secures $500 million to ease dollar shortages

19/05 Zimbabwe's central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a dollar crunch that has brought fuel and medicine shortages, Governor John Mangudya said.  Full story

Indian rupee surges on exit polls showing easy win for ruling party

08h02 The Indian rupee on Monday strengthened over 1 percent after exit polls suggested the country's just-concluded general election will give a fresh mandate to the coalition led by Prime Minister Narendra Modi.. . .  Full story

Yuan off 5-1/2-mth low after c.bank vows to keep currency stable

06h55 China's yuan bounced from a 5-1/2-month low against the U.S. dollar hit last week, helped by a firmer-than-expected midpoint and the central bank's pledge to keep the currency stable. Prior to. . .  Full story

Australian dlr jumps after election surprise, yen edges lower

06h04 The Australian dollar rallied against the greenback on Monday after a surprise election victory by the country's conservative government, while the yen eased as risk appetite improved slightly.. . .  Full story

Asian shares steady after slump, oil jumps on Saudi comments

05h52 Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America.. . .  Full story

S.Korean authorities watching FX market for destabilising trades - official

05h38 South Korea's finance ministry official in charge of currency markets on Monday said he is watching trades to see if large-scale transactions, or herd-like behaviour causes distortions in the dollar-won exchange rate.. . .  Full story

Trump says tariffs making companies leave China, a deal can't be '50-50'

05h02 U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot. . .  Full story

S.Korea stocks climb on buying by foreigners

04h11 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Monday after foreigners turned net buyers, with most. . .  Full story

Australian dlr gets election lift; rate cuts still loom

02h55 The Australian dollar firmed on Monday in the wake of a surprise election victory by the country's conservative government, although the gains were pared in the face of Sino-U.S. trade tensions and bets for. . .  Full story

-China's central bank won't let yuan weaken past 7 to the dollar-sources

01h00 China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.. . .  Full story

Australian dollar jumps on surprise Liberal election victory

19/05 The Australian dollar jumped on Monday as markets responded to the surprise election victory of the country's conservative government in a national poll held over the weekend.. . .  Full story

Exit polls cheer India's ruling party; markets set to rally

19/05 Indian equities, rupee and bonds are set to rally on Monday after almost all exit polls suggested that the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) was likely to secure a clear mandate at. . .  Full story

China's central bank says to keep yuan stable, in balanced range

19/05 China's central bank will maintain basic stability of the yuan exchange rate within a reasonable and balanced range, according to comments posted on its website on Sunday.. . .  Full story

Merkel says Croatia's euro ambitions very realistic

18/05 German chancellor Angela Merkel said on Saturday Croatia was well on track to join the European common currency by 2024, citing the youngest EU member's economic development.. . .  Full story

As Fed seeks policy advice, officials visit a struggling New Jersey city

18/05 Two top Federal Reserve officials went to Camden, New Jersey, on Friday, taking a different reading of the pulse of the U.S. economy by visiting what is by one measure the country's lowest-income city, as. . .  Full story

Latam FX drops, Brazil's real clocks 8-month closing low

17/05 Latin American currencies softened on Friday against a robust dollar amid rising U.S.-China tensions, with Brazil's real facing intense selling pressure as investors' concerns about growth in Latin America's top economy gathered steam.. . .  Full story

Fed's Harker in no rush on rates, worried about low inflation expectations

17/05 A top Federal Reserve official on Friday said he is worried that falling inflation expectations could make it harder for the U.S. central bank to do its job but that he still sees "at. . .  Full story

Fresh trade uncertainty rattles stocks, hits yuan

17/05 A major global stocks index fell on Friday and the Chinese yuan weakened as financial markets were again jostled by uncertainty over global trade tensions.. . .  Full story

Dollar gains as European concerns hurt euro, sterling

17/05 The dollar rose on Friday as concern about next week's European parliamentary elections dented demand for the euro, while the British pound dropped to a four-month low on worries about Britain's exit from the. . .  Full story

Overstock CEO says he had to sell shares to supplement his pay

17/05 Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give. . .  Full story

C$ recovers from three-week low on reports of metals tariffs deal

17/05 The Canadian dollar edged higher against its U.S. counterpart on Friday, recovering from an earlier three-week low after reports that a deal was reached to remove tariffs on its metals that had been imposed. . .  Full story

Fed wants to make sure it has the best tools for the job -Harker

17/05 A top Federal Reserve official said on Friday that the U.S. central bank wants to make sure its policies are still the best tools for the job as part of an ongoing policy review.. . .  Full story

Britain's Brexit talks collapse as May's premiership crumbles

17/05 Britain's tumultuous divorce from the European Union was again in disarray on Friday after the opposition Labour Party declared last-ditch talks dead due to Prime Minister Theresa May's crumbling government.. . .  Full story

S.Africa's rand slips to 1-week low, financial stocks drag down bourse

17/05 The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets.. . .  Full story

Facebook forms Swiss fintech firm with payments focus

17/05 Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva's commercial register shows.. . .  Full story

Sterling set for worst week of 2019 as Brexit talks collapse

17/05 Sterling dived to a four-month low on Friday after cross-party Brexit talks collapsed and concern grew about the impact Prime Minister Theresa May's likely resignation would have on Britain's EU divorce.. . .  Full story

Britain raised FX warchest ahead of first Brexit deadline

17/05 Britain ramped up its foreign currency reserves in the last quarter of 2018 at a faster pace than any other major country, ahead of its original March 29 deadline to leave the European. . .  Full story

Forint leads currency easing on overheating worry

17/05 The Hungarian forint hit a 9-month-low against the euro on Friday due to concerns of a potential further rise in inflation if the central bank maintains its record-low base rate. The. . .  Full story

Sri Lanka stocks edge higher on local buying; rupee steady

17/05 Sri Lankan shares closed higher for a second straight session on Friday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks. ** Traders, however,. . .  Full story

No chance of passing Brexit bill by end-July, says Labour's Corbyn

17/05 There is no chance of getting British parliamentary approval for all aspects of Brexit by the end of July, the leader of the opposition Labour Party said on Friday after talks with the government. . .  Full story

Turkey says U.S. scrapping trade deal contradicts goals

17/05 The U.S. decision to end its preferential trade agreement with Turkey contradicts their $75 billion bilateral trade target, Trade Minister Ruhsar Pekcan said on Friday, but welcomed Washington's move to halve tariffs on steel imports.. . .  Full story

UK government considers next steps as Brexit talks end

17/05 The British government is considering its next steps, including trying to win over dissenting lawmakers, after talks to find a Brexit compromise with the opposition Labour Party ended, Prime Minister Theresa May's spokesman said on. . .  Full story

Sterling near four-month low with Brexit deal teetering

17/05 Sterling traded below $1.28 on Friday, close to its four-month low, as cross-party Brexit talks neared collapse and pressure mounted on Prime Minister Theresa May to resign.. . .  Full story

Currencies at 2019 lows on trade jitters, stocks slide

17/05 Emerging market currencies hit their lowest level in 2019 on Friday as trade friction between the United States and China continued to take its toll on riskier assets.. . .  Full story

Asian bonds see foreign outflows in April, trade war to hurt more

17/05 Overseas investments into Asian bonds turned negative for the first time in three months in April, and analysts predicted the regional assets to come under more pressure due to an escalation in the Sino-U.S.. . .  Full story

China's central bank won't let yuan weaken past 7 to the dollar-sources

17/05 China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.. . .  Full story

South Africa's rand weakens as dollar boosted by solid data

17/05 South Africa's rand weakened early on Friday as most emerging market currencies retreated against a dollar lifted to near two-week highs by positive U.S. economic data.. . .  Full story

Thai Q1 GDP growth y/y seen at lowest in nearly 4 yrs as exports sag

17/05 Thailand's economic growth likely picked up in January-March from the previous three months but the annual pace likely was the weakest for any quarter in almost four years, a Reuters poll showed.. . .  Full story

S.Korean stocks drop on foreign selling; won falls for 4th straight week

17/05 Round-up of South Korean financial markets:. . .  Full story

Yuan slides past key mark but signs of PBOC vigilance cap losses

17/05 China's yuan fell past the psychologically-important 6.9 per dollar level to its weakest in nearly five months on Friday, but losses were capped on signs the central bank will defend the currency from. . .  Full story

Pakistan's rupee keeps sliding after IMF loan accord reached

17/05 The Pakistani rupee continued to fall to record lows on Friday, after the government agreed in principle to a $6 billion loan from the International Monetary Fund that's expected to set tough conditions on. . .  Full story

Australia, NZ dlrs at multi-month lows as Sino-U.S. tensions rise

17/05 The Australian and New Zealand dollars hovered at multi-month lows on Friday as U.S.-China trade tensions showed no signs of easing, hitting risk sentiment across-the-board.. . .  Full story

Most Asian units fall as yuan slides, China cools on trade talks

17/05 Most emerging Asian currencies weakened on Friday as the yuan fell through a key support level and China appeared to cool on further trade talks with the United States. The. . .  Full story

BOJ's new forward guidance not seen raising chance of more stimulus

17/05 Clearer language from the Bank of Japan last month on how long it plans to maintain its super-low interest rates has not boosted chances that it will ease policy further, economists said in a. . .  Full story

S.Korea stocks gain on strong U.S. housing data

17/05 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index rose on Friday after closing lower in the previous session,. . .  Full story

Brokers brave China's FX market crackdown in hunt for household high rollers

17/05 Lured by hopes that China's retail investors could become major players in global currency markets, foreign brokers are brazenly chasing business in a grey area of the country's online trading sector, even as Beijing vows. . .  Full story

New Zealand manufacturing activity picks up in April -BNZ survey

17/05 Manufacturing activity expansion in New Zealand picked up the pace in April after falling for much of the past year, a survey showed on Friday.. . .  Full story

Banks to invest around $50 mln in digital cash settlement project -sources

17/05 Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.. . .  Full story

Latam FX falls, Mexican peso, Brazil's real in focus

16/05 Most Latin American currencies weakened on Thursday against the dollar, with Mexico's peso in focus following the release of the central bank's outlook, while Brazil's real skidded on growth fears. Mexico's. . .  Full story

C$ retreats from 6-day high but beats most other G10 currencies

16/05 The Canadian dollar edged lower against its broadly stronger U.S. counterpart on Thursday but performed better than most other G10 currencies as oil prices rose and domestic factory data pointed to faster growth in. . .  Full story

Stocks gain after earnings, deal news, data; U.S. yields move up

16/05 World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make. . .  Full story

Euro dips on election concerns, trade tensions support dollar

16/05 The euro dropped to its lowest level in more than a week against the dollar on Thursday on concerns about next week's European parliamentary elections, while the dollar was buoyed by ongoing U.S.-China trade tensions.. . .  Full story

Stung by U.S. sanction threats, EU seeks ways to boost the euro

16/05 The European Union is seeking new ways to widen use of the euro and counter the dollar's global dominance, top EU officials said on Thursday, as the bloc tries to salvage Iran's nuclear deal. . .  Full story

Swedish c.banker Floden says further crown slide "not helpful"

16/05 Swedish Deputy Central Bank Governor Martin Floden said on Thursday he was not happy about a recent slide in the crown against other major currencies and that further depreciation would be unhelpful.. . .  Full story

Sri Lanka stocks edge up from near 7-year low on bargain hunting; rupee firmer

16/05 Sri Lankan shares rose on Thursday, snapping their 10-session losing streak to recover from its lowest close in nearly seven years as investors bought beaten down shares. ** The rupee edged higher for the second. . .  Full story

Pound falls below $1.28 as pressure builds on PM May to go

16/05 The pound neared a four-month low on Thursday as Britain's Prime Minister Theresa May battled to keep her Brexit deal, and her premiership, intact amid growing fears of a disorderly departure from the European. . .  Full story

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 bln for FX rigging

16/05 Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.. . .  Full story

Asia Rice-Indian prices slide to seven-month low as demand stalls

16/05 Rice export prices in top exporter India slid this week to their lowest in nearly seven months as demand continued to stagnate, while rates for Vietnamese rice dipped on expected increase in stockpiles. . .  Full story

Turkey needs credible plan to avoid downgrade - Moody's

16/05 Turkey needs to put a comprehensive and credible economic plan in place if it is to avoid another cut to sovereign credit rating, a senior Moody's sovereign analyst said on Thursday.. . .  Full story

Pakistan reserves decrease $138 mln to $8,845.6 mln week ending May 10

16/05 Pakistan's foreign exchange reserves decrease $138 million to $8,845.6 million in the week ending May 10, compared to $8,984.1 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

EU elections - the campaign so far

16/05 More than 400 million Europeans are eligible to vote in European Parliament elections between May 23-26 in one of the world's biggest exercises in democracy.. . .  Full story

Pakistan's rupee currency slides following IMF accord

16/05 Pakistan's rupee currency fell more than 3.6% against the dollar on Thursday following an agreement with the International Monetary Fund on a $6 billion loan that is expected to come with strict conditions including a. . .  Full story

Nigerian central bank head Emefiele to serve second five-year term

16/05 Nigerian Central Bank Governor Godwin Emefiele was approved for a second five-year term in office on Thursday, when he won a unanimous vote of support in the Senate, parliament's upper house.. . .  Full story

Japan PM ex-adviser opposes tax hike, fears economic crisis

16/05 A former economic adviser to Japanese Prime Minister Shinzo Abe said on Thursday that an increase in sales tax planned for October should be shelved until the economy puts a decisive end to deflation,. . .  Full story

Currencies firm up on possible delay in U.S. car tariffs

16/05 Central European currencies firmed up on Thursday on a report that U.S. President Donald Trump planned to delay a decision that would have imposed tariffs on auto imports from Europe. The. . .  Full story

Kenyan shilling stable; to firm due to inflows to government bonds

16/05 The Kenyan shilling was stable against the dollar on Thursday, and was expected to gain, supported by dollar inflows from offshore investors buying government debt and tight liquidity in the money. . .  Full story

After rate cut, Philippine c.bank slashes RRR to boost liquidity

16/05 The Philippine central bank announced on Thursday it will cut the amount of cash that banks must hold as reserves in three steps to help boost liquidity as economic growth slows.. . .  Full story

Gold miner Metallon demands $132 mln from Zimbabwe central bank -documents

16/05 Africa-focused gold miner Metallon Corporation is demanding nearly $132 million it says it is owed by Zimbabwe's central bank, legal documents showed on Thursday, as the country's mining sector grapples with. . .  Full story

Asia Coffee-Vietnam domestic prices rebound; May exports seen falling

16/05 Vietnam's domestic coffee prices have partially rebounded after hitting the lowest level in six years last week, while shipments from the country are forecast to significantly fall this month.. . .  Full story

Indonesia c.bank holds key rate as rupiah worries block a cut

16/05 Indonesia's central bank on Thursday kept its key interest rate unchanged as expected, while the governor hinted he wants to cut but cannot do it yet given the country's current account gap and global. . .  Full story

Emerging stocks stall as Huawei sanction revives trade fears

16/05 Trade worries kept emerging market stocks under pressure on Thursday after the Trump administration hit Chinese telecoms giant Huawei with severe sanctions, adding strain to the nations' already fraught relationship.. . .  Full story

Pound at 3-mth lows as May's fate, Brexit deal hang in balance

16/05 The pound plumbed three-month lows on Thursday as the fate of Britain's Prime Minister Theresa May and her Brexit deal hung in the balance, renewing fears of a disorderly departure from the European Union.. . .  Full story

Thailand not a currency manipulator, says c.bank chief

16/05 Thailand does not manipulate the value of the baht currency in order to gain any competitive advantage for exporters, its central bank governor said on Thursday in response to speculation Thailand could be added. . .  Full story

South Africa's rand slips as trade tensions weigh on risk demand

16/05 South Africa's rand weakened early on Thursday, succumbing to risk-off sentiment sparked by global fears over the tariff war between the United States and China.. . .  Full story

Russia's central bank does not see more major bank bailouts

16/05 Russia's central bank does not expect to have to bail out more major commercial banks, as it did in 2017, as it has completed about three-quarters of its plan to clean up the banking. . .  Full story

Zimbabwe to rebase economy after adopting new currency - finance minister

16/05 Zimbabwe’s Finance Minister announced the rebasing of the economy on Wednesday, following the adoption of a new currency earlier this year, and said growth would be slowed this year by a. . .  Full story

China Jan-April FDI up 6.4% y/y in yuan terms

16/05 Foreign direct investment (FDI) into China rose 6.4% in January-April to 305.24 billion yuan ($44.40 billion) compared with a year earlier, the Ministry of Commerce said on Thursday.. . .  Full story

S.Korean stocks drop over 1% on foreigners' sell-off; won at 28-month low

16/05 Round-up of South Korean financial markets:. . .  Full story

Malaysia's Q1 growth pace surprises, but c.bank warns of risks

16/05 Malaysia's economy grew faster than expected in the first quarter supported by a recovery in the agriculture sector, but weakening global demand and the U.S.-China trade war are seen raising risks for Southeast Asia's third-largest. . .  Full story

Most Asian currencies steady, ringgit gains on Q1 growth pace

16/05 The Malaysian ringgit strengthened significantly on Thursday, helped by data that showed first-quarter economic growth was faster than expected. Emerging Asian currencies were mixed on the day as. . .  Full story

Yuan steadies as market weighs whether China might sell more US Treasuries

16/05 China's yuan took a breather on Thursday, barely moving against the U.S. dollar, as the market calmed following some sharp falls stemming from increased Sino-U.S. trade tensions. The yuan has lost. . .  Full story

Malaysia Q1 current account surplus rises to 16.4 bln ringgit

16/05 Malaysia's current account surplus grew to 16.4 billion ringgit ($3.93 billion) in the first quarter from 10.8 billion ringgit in the previous three months, the government said on Thursday.. . .  Full story

Australian dlr mauled as bears bet on June rate cut

16/05 The Australian dollar skidded to a fresh four-month trough on Thursday after data showed an unwelcome rise in the jobless rate and narrowed the odds for a cut in interest rates, perhaps as early. . .  Full story

S.Korea stocks sink as Trump escalates trade friction with China

16/05 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index sagged on Thursday as U.S. President Donald Trump escalated trade. . .  Full story

Latam assets broadly fall as growth fears weigh

15/05 A Latin American stocks benchmark fell on Wednesday, while most Latin American currencies weakened against the dollar as surprisingly weak data out of China dented risk sentiment and overcame optimism arising out of news. . .  Full story

C$ rebounds from 6-day low, helped by metals tariffs optimism

15/05 The Canadian dollar strengthened against its U.S. counterpart on Wednesday, recovering from an earlier six-day low as oil prices rose and investors grew more optimistic that the United States would remove metals tariffs on Canada.. . .  Full story