Market News
The latest trade and investment news
Asia FX muted amid U.S.-China tensions, dollar dips before Powell
Most Asian currencies moved in a tight range on Tuesday as concerns over rising U.S.-China tensions weighed, while the dollar weakened amid some bets ...
10.03.2023
Canadian $ forecasts stay upbeat as analysts eye global recovery: Reuters poll
Analysts are sticking to their forecasts for a stronger Canadian dollar over the coming year, expecting an improved global economy and less central bank uncertainty that would boost the commodity-linked currency, a Reuters poll showed on Friday.
The loonie has weakened about 8% since March 2022 as ...
04.03.2023
Sri Lanka to relax currency band as it moves towards market driven exchange rate
Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a market-determined exchange rate as it seeks to secure a $2.9 billion bailout from the International Monetary Fund.
The central bank also raised interest rates by 100 basis ...
03.03.2023
Aussie falters on soft jobs data, kiwi calm after Ardern resignation
The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern.
The Aussie eased 0.4% to 0.6910%, the softest level in ...
19.02.2023
Bullish bets on Asian FX ease as Fed rate-hike concerns weigh: Reuters poll
Bullish bets on most Asian currencies eased as strong U.S. economic data recently gave the dollar a fillip and raised bets that interest rates would remain higher for longer, a Reuters poll found on Thursday.
Long positions on the South Korean won, the Singapore dollar and the Indonesian rupiah ...
12.02.2023
Japan’s yen and bond bears delighted by government’s BOJ surprise picks
Japanese markets reacted with shock on Friday to news that the government had picked academic Kazuo Ueda to be the next central bank governor, but investors quickly snapped up the yen and sold bonds on expectations he will end years of super-easy monetary policy.
Whether, when and how the Bank of ...
10.02.2023
Venezuela’s bolivar depreciates to 20 per dollar as prices rise
Venezuela's down-at-the-heel bolivar currency fell to 20 per dollar, according to official data for Wednesday, complicating attempts by the government of President Nicolas Maduro to control inflation.
The bolivar has depreciated 14% this month, said analysts, who have estimated that the economy ...
22.01.2023
Morgan Stanley cuts year-end dollar forecast
Morgan Stanley cut its 2023 year-end forecast for the dollar index to 98, and expects the greenback's weakness to be more pronounced against the euro this year as worries about the severity of an economic downturn start to ease.
They previously saw the index, which weighs the U.S. currency against ...
17.01.2023
BoE sceptical over digital pound as euro zone backs work on digital euro
Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on a digital euro.
Britain is due to launch a public consultation in coming weeks on what should be the legal attributes of a digital pound - ...
17.01.2023
Analysis-Is the party over? Mexico’s peso could lose solid gains in 2023
Mexico's peso, which is ending 2022 with one of its strongest performances in a decade, could have its gains wiped out in 2023 after an expected end to the Bank of Mexico's rate hikes cycle and a possible recession in top trade partner the United States.
The peso last month clawed its way back to ...
29.12.2022
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