Forex News

By Paulina Duran SYDNEY (Reuters) – Asian stocks and oil prices slipped on Tuesday as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week, including a key Federal Reserve meeting.

By Kevin Buckland TOKYO (Reuters) – The dollar traded near a one-week high versus a basket of major rivals on Tuesday, supported by expectations of a hawkish Federal Reserve meeting this week and haven demand amid continued uncertainty about the Omicron coronavirus variant.

STOCKHOLM (Reuters) – A surge in headline inflation in Sweden is due to high energy prices and the central bank does not need to change its monetary policy plans at the moment, Riksbank Governor Stefan Ingves said on Tuesday.

KABUL (Reuters) – Afghanistan’s central bank said on Tuesday it was working to ensure the stability of the afghani, a day after the currency lost almost 12% of its value against the dollar in a matter of hours amid a deepening economic crisis and soaring inflation.

LONDON (Reuters) – British finance minister Rishi Sunak said on Tuesday that Colette Bowe had been re-appointed to the Bank of England’s Financial Policy Committee.

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors are pricing in a quicker end to the Federal Reserve’s bond-buying scheme ahead of the central bank’s policy decision on Wednesday, positioning for multiple rate increases over the next few years.

(Reuters) – A wealth management arm of Switzerland’s UBS Group confirmed on Tuesday it will discontinue research coverage of the U.S. dollar-Turkish lira currency pair in an effort to streamline its offerings.

By Ann Saphir (Reuters) – With the Federal Reserve expected to soon adopt an inflation-fighting posture, it might seem at a glance as though the U.S. central bank will have to jettison its goal of broad and inclusive full employment barely a year after rolling it

By Nevzat Devranoglu and Daren Butler ANKARA (Reuters) – Turkey’s lira slid as much as 4% on Tuesday in further volatile trade after tumbling to all-time lows a day earlier on concerns over President Tayyip Erdogan’s risky new economic policy and prospects for another interest rate

By Gaurav Dogra (Reuters) – Asian bonds received their smallest foreign inflows this year in November, amid rising prospects of quicker unwinding of stimulus measures by the U.S. Federal Reserve and caution about economic uncertainties from the Omicron coronavirus variant.

(Reuters) – Investors raised cash allocations to 5.1% on growing concerns over central bank hawkishness, BofA Securities’ monthly fund manager survey showed before key policy decisions this week by the U.S. Federal Reserve and other big central banks.

A look at the day ahead from Sujata Rao.

While economic data from the Eurozone, the UK, and the U.S will be in focus, COVID-19 news updates and market uncertainty ahead of tomorrow’s FOMC policy decision and projections will remain key.

By Wayne Cole SYDNEY (Reuters) – Asian stocks crept higher on Monday as investors prepared to tiptoe through a minefield of 17 central bank meetings this week and the likely early end to U.S. policy stimulus.

By Steve Scherer OTTAWA (Reuters) – The Bank of Canada is expected to renew its monetary policy framework on Monday, leaving its inflation target unchanged at 2% as concern about the cost of living rises and the COVID-19 outlook remains uncertain.

By Jonnelle Marte (Reuters) – U.S. consumers’ short-term inflation expectations pushed higher in November and expectations for future earnings growth dropped, suggesting they expect price increases to outpace wage gains at an even faster rate in the near term, according to a survey released on Monday

LONDON (Reuters) – A weak sterling extended losses in early London trading on Monday after British Prime Minister Boris Johnson warned of a “tidal wave” of the Omicron variant of the coronavirus.

By Lisa Pauline Mattackal and Vidya Ranganathan

LONDON (Reuters) – The Bank of England said on Monday that it was postponing a regular reverse auction for British government bonds scheduled for 1415-1445 GMT “due to a technical incident affecting the Bank’s systems”.

LONDON (Reuters) – HSBC and Wells Fargo have begun using a blockchain platform to settle bilateral foreign currency (FX) trades in the latest sign of how technology which underpins crypto assets is spreading to more mainstream activities.