Market News
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Turkish lira on slow slide in search of FX relief
The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government's foreign ...
25.07.2022
Brazil real to firm, but pre-election fiscal loosening seen as risk – Reuters poll
Brazil's real is expected to firm over the next 12 months but will come under growing pressure from planned extra social spending against a complex economic backdrop in the run-up to October's presidential vote, a Reuters poll showed.
A median forecast in a poll of 28 analysts, which usually ...
08.07.2022
Euro dips as markets manage expectations of ECB rate hikes
The dollar climbed on Tuesday while the euro faltered after European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank's policy outlook.
The ECB is widely expected to follow its global peers by raising interest rates in July to try to check soaring ...
29.06.2022
Dollar Down Despite Growing Expectations of Aggressive Monetary Tightening
The dollar was down on Wednesday morning in Asia, although investors bet on aggressive interest rate hikes from the U.S. Federal Reserve meeting.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.23% to 105.27 by 12:27 AM ET (4:27 AM GMT).
...
16.06.2022
Analysis-Globalised yuan complicates Beijing’s bid to stem capital flight
This month's dive in China's currency has revived memories of past routs but market participants say increased foreign holdings of yuan assets mean authorities are much less likely to curb the selling than they were in previous years.
The yuan hit an 18-month low on Friday and has slid more than ...
03.06.2022
Bulgaria sticks to plan to adopt the euro in 2024 amid coalition squabbles
Bulgaria's government on Friday approved a plan to join the euro zone as of Jan. 1, 2024, amid concerns within the ruling coalition over the lack of detailed analysis on the impact of the move.
Political uncertainty and three elections last year delayed the plan, drafted after Bulgaria was ...
28.05.2022
Analysis-As U.S. economy’s exceptionalism fades, so does the dollar
The dollar's rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected.
After climbing 10% in three months, the greenback has slipped 3% since May 13. Some reckon that's ...
23.05.2022
Traders see a method to Turkish lira’s recent slide
A six-day slide in Turkey's lira has left traders predicting that authorities are now targeting a new level, as weak as 15.5 to the dollar, in a months-long effort to stabilise the exchange rate using its depleted reserves together with other measures.
Four Turkish traders said the central bank ...
13.05.2022
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