Forex News

By Kevin Buckland TOKYO (Reuters) – Asia-Pacific stocks fell on Friday, slumping toward a second weekly loss as investors fretted about the potential for further Federal Reserve tightening and the effect on the U.S. economy.

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

By Ankur Banerjee SINGAPORE (Reuters) – The dollar was on the back foot on Friday after an overnight slide as investors tread with caution ahead of U.S. inflation data next week, with worries over an economic slowdown and the pace of the Federal Reserve’s rate hikes

By Leika Kihara TOKYO (Reuters) – Haruhiko Kuroda leaves a mixed legacy after 10 years running the Bank of Japan (BOJ), achieving prices rises after decades of deflation and anaemic growth but without engineering durable expansion fuelled by domestic demand.

By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – Japanese markets reacted with shock on Friday to news that the government had picked academic Kazuo Ueda to be the next central bank governor, but investors quickly snapped up the yen and sold bonds on expectations

(Reuters) – The Japanese government plans to appoint Kazuo Ueda, an economist and former member of the BOJ Policy Board, as the central bank’s next governor after Haruhiko Kuroda steps down, the Nikkei business daily said.

(Reuters) – The International Monetary Fund has asked for more time for negotiations with Pakistan over a deal that would unlock much-needed funds from a $6.5 billion programme.

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

It was a busy start to the UK session, with UK economic data easing immediate fears of a UK recession. BoE chatter is up next.

By Samuel Indyk and Alun John LONDON (Reuters) – Euro bulls might have to curb their enthusiasm after the rush to buy the single currency may have left it vulnerable in the short term, particularly given the uncertainty about many global central banks’ interest rate plans.

(Reuters) – The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep and protracted as feared just weeks ago.

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

By Stella Qiu SYDNEY (Reuters) – Asian shares tracked Wall Street lower on Thursday, as a number of Federal Reserve speakers echoed Chair Jerome Powell in saying that interest rates are set to go higher, capping risk sentiment, while the dollar hovered near one-month highs.

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was little changed on Thursday as investors looked ahead to next week’s U.S. inflation data and digested comments from a slew of Federal Reserve officials who said modest interest rate rises were on the way.

CAIRO (Reuters) – Egypt’s annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, its fastest in more than five years, from 21.3% in December, data from statistics agency CAPMAS showed on Thursday.

Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.

By Marc Jones LONDON (Reuters) – The humanitarian disaster of Turkey’s earthquake has caused an outpouring of concern by international investors, but also an acknowledgement that President Tayyip Erdogan’s handling of the crisis will now dominate the run-up to May’s elections.

By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank raised its key interest rate by half a percentage point to 3.0% on Thursday and forecast further tightening in the coming months to combat inflation and headwinds from a weak currency.

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

By Choonsik Yoo and Yena Park SEOUL (Reuters) – South Korea’s plans to loosen restrictions in its currency market will raise the won’s global status and, as a result, boost business opportunities for local financial firms, a vice finance minister told Reuters on Thursday.