Forex News

LONDON (Reuters) – It’s an action-packed week ahead for world markets again grappling with the prospect of major central banks hiking interest rates for longer to contain persistent inflation.

A look at the day ahead in European and global markets from Ankur Banerjee

By Jihoon Lee SEOUL (Reuters) – South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy tightening cycle after it held rates steady last month.

By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analysed

By Jihoon Lee and Yena Park SEOUL (Reuters) – South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, will collaborate with foreign exchange authorities when needed to help stabilise the market, its chairman told Reuters.

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

It is another busy week ahead for the forex markets. Central bank policy decisions and Fed Chair Powell will give a monetary policy divergence refresh.

BUENOS AIRES (Reuters) – Argentina’s inflation rate is seen hitting 99.9% in 2023, speeding up from last year’s rate and topping previous estimates which saw a slightly slower rise, according to a central bank poll of analysts released Friday.

(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close.

By Julie Zhu HONG KONG (Reuters) – Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China.

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar eased back from a 2-1/2-month high versus the yen on Friday and weakened toward its first weekly loss since January against major peers as traders tried to gauge the path for Federal Reserve policy.

By Asif Shahzad ISLAMABAD (Reuters) – Cash-strapped Pakistan will receive $1.3 billion in financing from the Industrial and Commercial Bank of China Ltd in coming days to help shore up its foreign exchange reserves, Finance Minister Ishaq Dar said on Friday.

CAIRO (Reuters) – Egypt’s economy has come under severe pressure over the past year, with the Egyptian pound tumbling, foreign currency drying up, and inflation soaring.

By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to economists polled by Reuters, who said the bank was more likely to sound a hawkish tone on March

By Uditha Jayasinghe COLOMBO (Reuters) – 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

HARARE (Reuters) – Zimbabwe will from now on measure inflation using a weighted average of items priced in Zimbabwean dollars and U.S. dollars, the government said on Friday.

By Ariba Shahid KARACHI, Pakistan (Reuters) – The Pakistani rupee on Friday strengthened 2.38% in interbank closing at 278.46 rupees against the dollar, a day after the central bank raised its policy interest rate by 300 basis points (bps) to 20%, trading data showed.

LONDON (Reuters) – Investors poured more money into cash funds in the week to Wednesday than at any time since the depths of the pandemic in 2020, a report from BofA Global Research showed on Friday.

By Fergal Smith TORONTO (Reuters) – 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.

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