Forex News

German business sentiment figures impressed this morning. The Ifo Business Climate Index improved despite rising interest rates and banking sector woes.

LONDON (Reuters) – Just over $17 billion worth of Credit Suisse bonds, known as Additional Tier 1 or AT1, debt will be written down to zero on the orders of the Swiss regulator as part of a rescue merger with UBS.

UK retail sales surged in February, supporting the BoE’s more bullish economic outlook. However, the latest numbers will keep the BoE under pressure.

The Bank of England Monetary Policy Committee voted 7-2 in favor of the 25 basis point increase, bringing the Bank rate to 4.25%.

Things just got complicated for the Bank of England, with the UK CPI Report set to test the Bank of England’s commitment to tame inflation.

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether U.S. rate hikes might be finished.

By Rae Wee SINGAPORE (Reuters) – The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back into riskier assets after UBS’ state-backed takeover of Credit Suisse allayed some fears of a widespread, systemic banking crisis.

BEIRUT (Reuters) – Lebanon’s central bank will begin selling unlimited amounts of U.S. dollars in a bid to halt the spiralling devaluation of the Lebanese pound, Governor Riad Salameh said on Tuesday.

By John O’Donnell and Andres Gonzalez ZURICH (Reuters) – Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a move that would jolt the globe.

(Reuters) – Sri Lanka’s National Consumer Price Index (NCPI) rose 53.6% in February on the year, after a rise of 53.2% in January, the statistics department of the debt-stricken country said on Tuesday.

By Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hike its key policy rate by 50 basis points on Thursday, matching the European Central Bank’s move last week, as tackling inflation trumps concerns over financial market turmoil, a Reuters poll of economists showed.

A look at the day ahead in U.S. and global markets from Mike Dolan

By Lisa Pauline Mattackal and Medha Singh

A look at the day ahead in European and global markets from Anshuman Daga

By David Randall and Lewis Krauskopf NEW YORK (Reuters) – Worries over the banking crisis are boosting disparate assets, with traditional safe-havens such as gold, Treasuries and money markets seeing high demand along with more speculative instruments such as tech stocks and bitcoin.

By Stephen Culp (Reuters) – A look at the day ahead in Asian markets from Stephen Culp.

By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX on Sunday sued the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, accusing them of wrongly claiming ownership of the exchange’s assets.

SINGAPORE (Reuters) – A volatile day looms in Asia on Monday, as investors’ relief at a rescue deal for Credit Suisse and co-ordinated support from global central banks was tinged with nerves over how deep troubles run in the world’s banking and financial system.

By Marc Jones LONDON (Reuters) – The European Union’s lending arm, the European Investment Bank, is to provide 500 million euros ($540 mln) for Turkey’s post-earthquake rebuilding efforts, suspending an almost-total ban on financing for Turkey.

By Kevin Buckland TOKYO (Reuters) – Currency markets showed some cautious optimism after global authorities moved to stem contagion from a simmering banking crisis, with the safe haven dollar on the back foot and the yen tumbling amid a rebound in Treasury yields.