Forex News

LONDON (Reuters) – Bank of New York Mellon’s head of digital assets Michael Demissie said on Wednesday that digital assets are “here to stay”, citing a 2022 study of the custodian bank’s clients.

By Himanshi Akhand (Reuters) – Bullish bets on most Asian currencies eased as strong U.S. economic data recently gave the dollar a fillip and raised bets that interest rates would remain higher for longer, a Reuters poll found on Thursday.

Prelim German inflation figures for January may have eased pressure on the ECB to deliver more than a 50-basis point rate hike in March.

By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India is likely to raise interest rates once again in April as inflation pressures persist and the Federal Reserve continues to tighten, analysts said on Thursday, a day after the central bank

By Gaurav Dogra (Reuters) – Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace of its rate hikes and as the dollar weakened against regional currencies.

A look at the day ahead in European and global markets from Wayne Cole.

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

By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose, while the dollar wobbled on Wednesday after less hawkish than feared comments from Federal Reserve Chair Jerome Powell boosted risk appetite and investor hopes that the central bank may soon ease monetary policy.

By Rae Wee SINGAPORE (Reuters) – The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading investors to bet that interest rates may not rise much

TUNIS (Reuters) – Tunisia’s government on Wednesday began discussions on a new foreign exchange bill it says will help to make international business dealings easier, following calls from Tunisian firms for reform.

FRANKFURT (Reuters) – The European Central Bank may extend its streak of large interest hikes into May if core inflation doesn’t ease by then, ECB policymaker Klaas Knot said on Wednesday.

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to rise later this year as the global economic outlook turns more favorable for commodity-linked currencies and investors bet central banks will cut interest rates in 2024, according to a Reuters poll released on Wednesday.

By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s Supreme Court on Wednesday restrained the government, through the central bank, from ending the legal tender status of old banknotes on Friday following moves to replace them with newly designed notes.

By Camillus Eboh and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s Supreme Court on Wednesday prevented the government from enforcing a Friday deadline for citizens to swap old banknotes for new ones, as the International Monetary Fund flagged disruptions to trade and payments.

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame

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

Stats from Italy came in ahead of forecasts, with retail sales seeing a modest decline relative to neighboring member states.

By Mike Dolan LONDON (Reuters) – Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity – questioning any investment conviction, the reliability of pandemic-distorted data and still-low volatility gauges in financial markets.

A look at the day ahead in European and global markets from Wayne Cole.

BANGKOK (Reuters) – Thailand’s rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.