Forex News

A look at the day ahead in European and global markets from Tom Westbrook

(Reuters) – Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate.

SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022.

By Jorgelina do Rosario LONDON (Reuters) – China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.

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

By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened on Wednesday to a four-month low against its U.S. counterpart, as the Bank of Canada paused its tightening campaign in a move that contrasted with the Federal Reserve’s shift this week to a more hawkish message.

By Ankur Banerjee SINGAPORE (Reuters) – Asian shares fell sharply on Wednesday, while the dollar advanced after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of the U.S. central bank returning to large rate hikes to tackle sticky inflation.

By Tom Westbrook SINGAPORE (Reuters) – The dollar was riding high on Wednesday, flung to three-month peaks when Federal Reserve Chair Jerome Powell surprised investors by warning that interest rates might need to go up faster and higher than expected to rein in inflation.

WARSAW (Reuters) – Poland’s central bank left its main interest rate unchanged at 6.75% on Wednesday, as expected, as markets turned their focus to the bank’s latest inflation projections.

By Marc Jones LONDON (Reuters) – Having beaten the Fed & Co off the blocks when it came to raising interest rates, parts of the developing world will be the front runners again when it comes cutting them, although the timing now looks increasingly in flux.

ISTANBUL (Reuters) – Turkey is expected to record a current account deficit of $10 billion in January on back of gold imports, a Reuters poll showed on Wednesday, while the deficit was seen at $43.5 billion in 2023.

BEIRUT (Reuters) – Lebanon’s commercial banks do not have enough liquidity to pay back depositors, the secretary general of the country’s banking association said on Wednesday in a letter that laid out the banks’ positions.

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

BANGKOK (Reuters) – Thailand’s baht currency is likely to remain highly volatile due to external factors but its weakness is in line with moves in regional currencies, the central bank said on Wednesday.

German industrial production and retail sales figures raise question marks over the ECB’s more optimistic economic outlook. ECB President Lagarde up next.

By Stefano Rebaudo (Reuters) – Investors have rapidly revised up their expectations for euro zone interest rates, but with a peak now in sight, governments might find it much easier to allocate record bond sales thanks to a cocktail of attractive yields and available liquidity.

By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole

By Nidhi Verma and Noah Browning NEW DELHI/LONDON (Reuters) – U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies.

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

By Scott Murdoch SYDNEY (Reuters) – Asian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to start later in the day for clues on the central bank’s next move on interest rates.