Forex News

LONDON (Reuters) – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since mid-December, after a meltdown in U.S. banking stocks ignited a wave of investor risk aversion.

It was a busy morning, with the UK GDP Report easing immediate fears of an economic recession. Later today, the US Jobs Report will also be key, however.

By Mike Dolan LONDON (Reuters) – After six weeks of frantic forecast changes, world markets seem to have lost the plot on where interest rates will go in this cycle – mainly because the central banks are in the same boat and both groups seem to

By Yoruk Bahceli and Naomi Rovnick LONDON (Reuters) – Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.

A look at the day ahead in European and global markets from Vidya Ranganathan

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

By Stella Qiu SYDNEY (Reuters) – Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell’s hawkish guidance on further interest rate increases.

By Lucila Sigal and Eliana Raszewski BUENOS AIRES (Reuters) – A historic drought ravaging Argentina’s crops is deepening the grain exporting giant’s economic crisis, crushing farmers across the Pampas, heightening default fears and putting at risk targets agreed with the International Monetary Fund (IMF).

By Rae Wee SINGAPORE (Reuters) – The dollar was perched near a three-month high on Thursday as Federal Reserve Chair Jerome Powell’s message that interest rates would have to go higher and possibly faster to tame inflation dominated sentiment and kept the U.S. currency in bid.

By Yoruk Bahceli (Reuters) – Recent moves in bond and equity markets show that investors are starting to worry that the Federal Reserve may hike rates too far, a senior fund manager at Europe’s largest investor told Reuters on Thursday.

(Reuters) – Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate.

ANKARA (Reuters) – Turkey’s lira weakened to a fresh record low of 18.9620 against the dollar on Thursday, as investors weigh the economic impact of massive earthquakes that hit the country last month.

By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) – Bitcoin steadied on Thursday near its lowest since mid-February, after U.S. crypto-focused bank Silvergate said it would voluntarily liquidate, the latest in a series of high-profile crypto collapses triggered by the collapse of the FTX exchange.

By Fergal Smith TORONTO (Reuters) – As the Bank of Canada pauses its interest rate hikes, investors are betting that the sensitivity of Canada’s economy to higher borrowing costs will result in a historically large gap between the tightening campaigns of the BoC and the U.S.

By Daniel Ramos and Monica Machicao LA PAZ (Reuters) – Bolivia’s government is battling to calm fears among savers and businesses about a shortage of dollars in the country, which has led to long lines outside banks, rattled local bonds and pushed up the price of

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

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s Finance Minister Ishaq Dar said on Thursday his country was “very close” to signing a staff level agreement with the International Monetary Fund, a critical lifeline for taming a balance of payment crisis.

By Harshita Swaminathan (Reuters) – Investors turned even more bearish on Asian currencies after China’s tepid growth target and the U.S dollar’s renewed strength after the Federal Reserve chair warned of higher and faster interest rates.

By Jamie McGeever ORLANDO, Florida (Reuters) – The U.S. Federal Reserve looks set to go full throttle again with its interest rate drive, leaving other central banks in a dilemma over whether to follow slavishly or risk another dollar surge.

By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weaker countries when they’re down, while diverging global growth paths and China’s reopening