Forex

Nigeria's central bank holds benchmark lending rate at 13.5 pct

16h05 The Nigerian central bank's monetary committee voted unanimously on Tuesday to hold its benchmark interest rate at 13.5% because key macroeconomic indicators were "trending in the right direction", governor Godwin Emefiele said.  Full story

London forex trading turnover surges to record high

17h38 Britain's daily foreign exchange turnover rose to a record high in April, the Bank of England said on Tuesday, as investors concerned about central bank policy U-turns sought to protect their portfolios.. . .  Full story

Stocks rise on earnings; sterling falls

17h11 A host of upbeat earnings pushed U.S. stocks higher on Tuesday and world stocks rose in anticipation of central bank easing, while pound sterling fell on the expected confirmation of hard-Brexit advocate Boris Johnson as. . .  Full story

LAWMAKER IN ROOM

17h05 . . .  Full story

Dollar strength pressures Latam FX; IMF trims growth outlook

16h58 A strong U.S. dollar and sliding oil prices dragged on Latin American currencies on Tuesday, while stocks were mixed amid expectations central banks around the world would cut interest rates soon.. . .  Full story

Bank of England's Haldane 'very cautious' about cutting rates

16h44 Bank of England Chief Economist Andy Haldane said he would be very wary about lowering interest rates unless there is a sharp economic downturn because the British economy is at full capacity and should not. . .  Full story

C$ hits 1-month low as debt limit deal boosts greenback

16h40 The Canadian dollar weakened to a near one-month low against its U.S. counterpart on Tuesday, as the greenback broadly climbed and after recent domestic data supported the view that the Bank of Canada could. . .  Full story

Dollar rises to 5-week peak on debt, spending deal

16h37 The dollar on Tuesday rose to near a five-week high against a basket of currencies after President Donald Trump and U.S. lawmakers reached a two-year deal that raises the limits on government borrowing to. . .  Full story

Northern Ireland's DUP says it will back new UK government under Johnson

16h37 Northern Ireland's Democratic Unionist Party's 10 members of parliament will continue to support Britain's government after Boris Johnson takes over as prime minister, DUP leader Arlene Foster confirmed on Tuesday.. . .  Full story

Sterling settles below $1.25 as Johnson wins race to be PM

16h37 Sterling, already trading near its lowest in two years, was little moved on Tuesday after Boris Johnson won the contest to be Britain's new prime minister, as investors worried whether he would lead Britain. . .  Full story

Harley-Davidson cuts 2019 shipments forecast after sales slump

14h46 Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the. . .  Full story

Sri Lanka shares end higher as banks, diversified stocks rally; rupee falls

14h01 Sri Lankan shares closed firmer on Tuesday, led by gains in diversified and banking stocks, while the rupee weakened on higher importer dollar demand.. . .  Full story

New UK PM Johnson increases the chance of no-deal Brexit - Moody's

13h55 Britain is more likely to leave the European Union without a deal after Boris Johnson was chosen to succeed British Prime Minister Theresa May on Tuesday, credit ratings agency Moody's said.. . .  Full story

Stocks gain on rate-cut expectations; FX subdued

10h45 Emerging-market stocks rose on Tuesday amid expectations some of the world's major central banks would cut interest rates soon, while gains by the dollar weakened developing-world currencies. Central bankers in South Korea and South Africa. . .  Full story

Russian roubles recovers vs dollar, firms vs euro

10h16 The Russian rouble was steady near two-week lows versus the dollar on Tuesday.. . .  Full story

Pound down for third day before Conservative Party election outcome

10h05 Sterling fell for the third straight day on Tuesday, dragged down by a firmer dollar and concern that the new prime minister, whose identity will be known later in the day, will pull Britain. . .  Full story

POLL-S.Korea's economy may return to growth in Q2, but Japan row a new risk

09h53 South Korea's economy probably returned to growth in the second quarter after a surprising contraction in the first, helped mainly by government spending, a Reuters poll found on Tuesday.. . .  Full story

South Africa's rand steady as investors eye likely US, eurozone rate cuts

09h38 South Africa's rand was steady early on Tuesday as bets of rate cuts in the United States and Europe contined to support high-yielding emerging market currencies.. . .  Full story

S.Korean stocks rise as rate cut bets remain high

08h58 Round-up of South Korean financial markets:. . .  Full story

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed

08h22 Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.. . .  Full story

Yuan hovers at 2-wk low, market awaits global central bank monetary decisions

07h06 China's yuan hovered around two-week lows against the dollar in tepid trade on Tuesday, as investors anxiously await monetary policy decisions by major overseas central banks. Traders said both volatility and. . .  Full story

Most Asia currencies slip on expected rate cuts, oil price pressure

06h56 Most emerging Asian currencies weakened on Tuesday against a stronger dollar as the investors remain focused on anticipated rate cuts by European Central Bank (ECB) and the U.S. Federal Reserve amid increasing signs of. . .  Full story

S.Korea stocks gain as trade optimism lifts tech sector; won steady

04h20 Round-up of South Korean financial markets: South Korean shares climbed on Tuesday as overnight gains in U.S. semiconductor shares lifted South Korean chip giants, amid high expectations of policy easing by major central banks. The Korean. . .  Full story

Australia, NZ dollars hostage to ECB, Fed policy picks

04h01 The Australian and New Zealand dollars drifted lower on Tuesday as a dearth of economic data left investors with little to do but second guess the prospects for policy easing in the United States. . .  Full story

Japan's top govt spokesman Suga, finance minister Aso to retain posts-Kyodo

02h22 Japan's Chief Cabinet Secretary Yoshihide Suga and Finance Minister Taro Aso will likely retain their posts in a cabinet reshuffle expected in September, Kyodo news agency reported on Tuesday.. . .  Full story

Tech leads U.S. stocks higher; oil gains

22/07 U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent. . .  Full story

Dollar, euro flat as traders await Fed and ECB rate decisions

22/07 The dollar and euro were little changed on Monday as traders await decisions by the U.S. Federal Reserve and the European Central Bank on how much and how fast they may reduce interest. . .  Full story

Gold holds steady as investors await Fed rate cut decision

22/07 Gold prices steadied on Monday, after a sharp fall in the previous session, as investors waited for the U.S. Federal Reserve's decision on interest rates at its month-end meeting next week.. . .  Full story

IMF urges Thailand to adopt fiscal reforms, monetary easing to support growth

22/07 Thailand should adopt an expansionary policy mix, including fiscal reforms and monetary easing to help support growth, which has slowed amid rising global trade tensions, the International Monetary Fund said on Monday.. . .  Full story

South African rand firmer as carry trade trumps political wrangling

22/07 South Africa's rand rallied on Monday, brushing aside local political ructions as investors increased bets on further monetary easing by the European and U.S. central banks.. . .  Full story

Sterling drops again as markets raise bets on no-deal Brexit

22/07 Sterling extended its decline on Monday as the outlook for the currency turned bleaker, with traders increasing their bets on a no-deal Brexit ahead of the results of the Conservative Party's leadership election.. . .  Full story

Latam FX tepid on smaller U.S. rate-cut bets, oil price jump caps losses

22/07 Latin American currencies were subdued on Monday in line with the broader emerging markets as expectations of an aggressive interest rate cut by the U.S. Federal Reserve waned following an easing in China-U.S. trade tensions,. . .  Full story

Loonie edges lower as wholesale trade data disappoints

22/07 The Canadian dollar edged lower against its U.S. counterpart on Monday, retreating from a near nine-month high at the end of last week, as domestic data showed a surprise drop in May wholesale trade.. . .  Full story

British politician Elphicke charged with sexual assault

22/07 A lawmaker in Britain's ruling Conservative Party has been charged with three counts of sexual assault against two women, the Crown Prosecution Service said on Monday.. . .  Full story

Indian panel recommends cryptocurrency ban

22/07 An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of. . .  Full story

Sri Lanka shares snap 8-session rally on profit-taking; rupee falls

22/07 Sri Lankan shares closed lower on Monday, snapping an eight-session gaining streak, as investors booked profits, while the rupee weakened on higher importer dollar demand. ** The country's benchmark stock index ended down 0.97% at 5,659.77.. . .  Full story

Stalling UK economy risks recession as Brexit nears: NIESR

22/07 Economic growth in Britain has stalled and chances are one-in-four that the Brexit crisis has already tipped the country into a recession, a leading think tank said on Monday.. . .  Full story

Resigning UK minister: Sad that Britain has to work under Brexit "dark cloud"

22/07 Foreign office minister Alan Duncan, who quit on Monday, said Britain was being forced to work under a "dark cloud" caused by Brexit, setting out the reasons for his resignation in a letter to. . .  Full story

Stocks, currencies fall as Fed rate-cut outlook scaled back

22/07 Emerging-market assets fell on Monday as expectations dwindled for an aggressive interest-rate cut by the U.S. Federal Reserve, while the introduction in China of a Nasdaq-styled index pulled investment away from existing indices.. . .  Full story

Zimbabwe increases fuel prices again, but pumps remain dry

22/07 Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly. . .  Full story

Sterling weakens as traders protect themselves against more falls

22/07 The pound edged lower on Monday, with investors holding on to their hedges against further weakness ahead of the result of the Conservative party's leadership election on Tuesday, which will decide Britain's next prime minister.. . .  Full story

GRAPHIC-Take Five: Preparing for a prime minister, PMIs and policymakers

22/07 1/ROAD TO NO. 10 Investors will wake on July 24 to a new British prime minister. Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum, is -- if betting markets. . .  Full story

Rouble up on higher oil prices; central bank's Friday meeting in focus

22/07 The Russian rouble strengthened on Monday, helped by rising oil prices, ahead of a Russian central bank meeting on Friday which is expected to cut the key interest rate.. . .  Full story

Australia, NZ dlrs off peaks as Fed hoses down bets on big U.S. rate cut

22/07 The Australian dollar eased from three-month highs on Monday as fading expectations for aggressive interest rate cuts in the United States sent the greenback broadly higher.. . .  Full story

S.Korean stocks end flat on caution over exports, Q2 earnings

22/07 Round-up of South Korean financial markets:. . .  Full story

Malaysia's international reserves up at $103.3 bln, as of July 15

22/07 Malaysia's gross international reserves rose to $103.3 billion, as of July 15, from $102.7 billion on June 28, the central bank said on Monday.. . .  Full story

Did someone say rate cut? Five questions for the ECB

22/07 After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday's European Central Bank meeting will give the clearest signal yet of imminent policy easing,. . .  Full story

Indian rupee, rupiah, Thai baht fall as oil prices surge

22/07 Most Asian emerging currencies fell on Monday as the U.S. dollar held steady, while heightened tensions in the Middle East pushed oil prices higher. The dollar index was barely changed. . .  Full story

Yuan edges up despite dollar's gain on signals for Sino-US trade talks

22/07 China's yuan inched up against the dollar on Monday, shrugging off strength in the greenback, as investors hoped that some encouraging signals will be followed by progress in Sino-U.S. trade negotiations.. . .  Full story

S.Korea stocks tread water ahead of Q2 earnings, growth data

22/07 Round-up of South Korean financial markets: South Korean shares were trading steady on Monday as investors kept a cautious stance ahead of corporate earnings season and second-quarter growth data due this week, while the country's weak. . .  Full story

BOJ's Kuroda says he disagrees with modern monetary theory

20/07 Bank of Japan Governor Haruhiko Kuroda on Friday denounced an economic philosophy that encourages the use of government spending as a primary policy tool to boost employment.. . .  Full story

Fed's Rosengren doesn't see the case for a U.S. rate cut

19/07 Boston Federal Reserve President Eric Rosengren on Friday pushed back against expectations for an interest-rate cut when Fed policymakers meet later this month, saying the U.S. economy does not need a boost the way some. . .  Full story

Stocks down as big rate cut hopes fade, dollar rises

19/07 A gauge of global stocks declined after early gains dissipated on Friday as expectations for a strongly dovish U.S. Federal Reserve at its next meeting were dialed back, pushing the dollar higher.. . .  Full story

Dollar recovery halts gains in Latam currencies

19/07 A U.S. dollar recovery put most Latin American currencies under pressure on Friday while Brazil's Bovespa stock index led losses in the region's equity markets. The MSCI index of Latin. . .  Full story

U.S. net long dollars fall in latest week -CFTC, Reuters

19/07 Speculators cut their net long dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the dollar's. . .  Full story

Dollar rises as fears of a 50 point interest-rate cut fade

19/07 The U.S. dollar rose in afternoon trade on Friday as fears of a larger-than-expected 50-basis-point interest rate cut in July abated after the New York Federal Reserve walked back dovish comments from its president the. . .  Full story

South Africa's rand retreats as Fed pendulum swings back to soft cuts

19/07 South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as expectations of an aggressive interest rate cut by the Federal Reserve cooled, prompting. . .  Full story

Fed signals help FTSE 100 brush off Italy woes, buyout spurs Acacia

19/07 London's FTSE 100 ended higher on Friday as bolstered hopes of a U.S. interest rate cut stoked risk appetite, though the index's advances were reined in after political turmoil in Italy triggered a broad. . .  Full story

Sterling pushed back to $1.25, on shaky ground

19/07 The pound hovered around $1.25 on Friday after its biggest daily jump in more than two months in the previous session, though traders were still focused on the growing risks of a no-deal Brexit.. . .  Full story

C$ hits 9-day low on surprise decline in retail sales

19/07 The Canadian dollar fell to a nine-day low against its broadly stronger U.S. counterpart on Friday as domestic data showing a surprise decline in May retail sales raised bets that the Bank of Canada. . .  Full story

Nigeria's central bank tries to force banks to lend, not buy bills

19/07 Nigeria's central bank barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest. . .  Full story

Sri Lanka shares extend gains for 8th session on foreign inflows

19/07 Sri Lankan shares rose for the eight consecutive session on Friday to end at a more than a four-month high, as banking stocks continued to lead gains, while the rupee edged down on high. . .  Full story

Take Five: Preparing for a prime minister, PMIs and policymakers

19/07 1/ROAD TO NO. 10 Investors will wake on July 24 to a new British prime minister. Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum, is -- if betting markets. . .  Full story

Kenyan shilling weakens due to excess liquidity

19/07 The Kenyan shilling weakened against the dollar on Friday due to excess liquidity in the local money markets, traders said.. . .  Full story

EM assets up on Fed boost; PepsiCo-Pioneer deal lifts S.Africa shares

19/07 Emerging market shares rose on Friday and currencies touched a four-month high after comments from a top Federal Reserve official reinforced expectations of a U.S. interest rate cut this month, stoking demand for riskier. . .  Full story

Brexit fears knock pound lower after biggest jump in 2 months

19/07 The pound edged lower on Friday after registering its biggest daily jump in more than two months in the previous session as traders focused on the growing risks of Britain crashing out of the. . .  Full story

S.Korean stocks jump on expectations of deeper Fed rate cut

19/07 Round-up of South Korean financial markets: ** South Korean shares jumped about 1.5% on Friday as dovish comments from a top Federal Reserve official fuelled expectations of a sharp U.S. rate cut later this month,. . .  Full story

Most Asian units rise as dollar weakens on dovish Fed talk

19/07 Most emerging Asian currencies rose against a weaker dollar on Friday after a dovish speech by a top Federal Reserve official sealed market expectations of a U.S. rate cut in July. . .  Full story

Yuan inches up on U.S. rate cut expectations, set for 2nd weekly gain

19/07 China's yuan inched up against the dollar on Friday as the U.S. currency came under pressure after a Federal Reserve official bolstered market bets of an interest rate cut later this month.. . .  Full story

S.Korea stocks gain nearly 1% as Fed reinforces rate-cut bets

19/07 Round-up of South Korean financial markets: South Korean shares rose nearly 1% on Friday after a top Federal Reserve official's comment cemented rate-cut expectations, while chipmakers gained on robust outlook by Taiwan's TSMC. . .  Full story

China lifts yuan mid-point to strongest in 2-1/2 weeks

19/07 China's central bank on Friday lifted its official yuan midpoint to 6.8635 per dollar, the strongest in 2-1/2 weeks, tracking weakness in the greenback after a U.S. Federal Reserve official bolstered market bets of an. . .  Full story

Asia Rice-Floods hit Bangladesh farmers; top hubs fear scant rainfall

19/07 Rice farmers in Bangladesh grappled with a double whammy of floods and low demand for their produce this week, while export prices for the grain's Vietnamese variety rose on fresh interest from Philippines and Africa.. . .  Full story

Australia, NZ dlrs at multi-month highs on Fed rate fever

19/07 The Australian and New Zealand dollars hit multi-month highs on Friday as market speculation on aggressive U.S. rate cuts reached fever pitch following dovish comments from Federal Reserve policy makers.. . .  Full story

Federal Reserve officials lay out case for aggressive rate cuts

19/07 Two influential Federal Reserve officials on Thursday sharpened their public case for acting, quickly if needed, to support the U.S. economy, reviving bets the central bank may deliver a double-barreled interest rate cut this month.. . .  Full story

Fed officials press case for cutting rates aggressively

18/07 Two influential Federal Reserve officials on Thursday sharpened their public case for acting quickly to support the U.S. economy, reviving bets that the central bank may deliver a double-barreled interest rate cut this month.. . .  Full story

Latin American currencies rally on dovish Fed comments

18/07 Latin American currencies rose on Thursday as the dollar fell, with the Brazilian real also hitting four-month highs on optimism over the country's pension reform. The dollar fell after New York. . .  Full story

Stocks gain on Fed rate cut optimism; oil drops

18/07 A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a rate cut, while oil prices dropped on forecasts of. . .  Full story

Dollar takes a spill on rate-cut view by Fed's Williams

18/07 The dollar fell broadly on Thursday as an influential Federal Reserve official bolstered bets on a preemptive interest rate cut later this month because rates and inflation are low even as the U.S. economy. . .  Full story

Trump wants weaker dollar but it could be a hard sell

18/07 President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade. . .  Full story

Brexit deters top candidates for Bank of England job - FT

18/07 Former U.S. Federal Reserve chair Janet Yellen and Raghuram Rajan, former governor of the Indian central bank, have been deterred from applying for the job as the governor of the Bank of England because. . .  Full story

Gold steadies near two-week high as dollar eases on rate cut bets

18/07 Gold prices held steady on Thursday, holding close to a two-week high, as the dollar eased on rising expectations of an interest rate cut by the U.S. Federal Reserve.. . .  Full story

Mnuchin sees no changes to use of U.S. exchange fund

18/07 U.S. Treasury Secretary Steven Mnuchin said on Thursday that there have been no changes to policies on the Treasury's $94.5 billion Exchange Stabilization Fund despite President Donald Trump's desire for a weaker U.S. currency.. . .  Full story

Position shifts point to pause in Brazil market rally

18/07 Having surged ahead of anticipated congressional passage of a pension reform in recent months, Brazilian financial markets find themselves at a crossroad.. . .  Full story

Pakistan reserves increase $918 mln to $8,001.3 mln week ending July 12

18/07 Pakistan's foreign exchange reserves increase $918 million to $8,001.3 million in the week ending July 12, compared to $7,083.6 million in the previous week, the central bank said on Thursday.. . .  Full story

Sterling buoyed by retail sales, bid to prevent no-deal Brexit

18/07 The pound rebounded on Thursday after stronger-than-expected retail sales numbers, also finding support from a vote by lawmakers to make it harder for Britain's next prime minister to try to force a no-deal Brexit.. . .  Full story

Libra launch won't happen until regulators are happy -Coeure

18/07 Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and "a prolonged discussion" may be needed first, the man in. . .  Full story

AFRICA-FX-Tanzania currency to hold, Kenya's forecast to weaken

18/07 Kenyan currency forecast to weaken, Tanzanian shilling to hold steady while Nigeria's naira could ease.. . .  Full story