Forex News

MANILA (Reuters) – Philippine inflation “most likely” peaked in January but the central bank cannot rule out another surprise supply shock, its governor said on Wednesday.

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

By Scott Murdoch SYDNEY (Reuters) – Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies.

By Rae Wee SINGAPORE (Reuters) – The dollar hovered near a one-month peak on Tuesday as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation, as a stubbornly resilient labour market remains largely immune to aggressive rate hikes.

By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s peso is set to pare its advance of recent months but will keep trading at firm levels, helped by the central bank’s aggressive policy tightening to combat elevated inflation, a Reuters poll showed.

LONDON(Reuters) – Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a pause in aggressive monetary tightening as inflationary pressures show signs of easing.

By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan

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

NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show a slight increase in overall expenditure but a narrower deficit.

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

TOKYO (Reuters) – Japan confirmed on Tuesday that it did intervene in the foreign exchange market twice in October to support its yen currency, Ministry of Finance (MOF) data showed on Tuesday.

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

By Wayne Cole SYDNEY (Reuters) – Asian shares eased on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer.

By Ankur Banerjee SINGAPORE (Reuters) – The dollar extended its rally on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news the Bank of Japan’s Deputy Governor Masayoshi Amamiya was being sounded

LONDON (Reuters) – Turkey’s lira briefly dipped to a record low and its main stock market fell 1.35% on Monday as a major earthquake added to pressures from a strong dollar and the war in Ukraine, as well as a surprise inflation reading.

By Elena Fabrichnaya and Alexander Marrow

(Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a popular vote on the issue.

By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her colleagues advocate, risked a confusing “policy boogie” if it turned out rates would need to rise again.

By Alun John LONDON (Reuters) – A look at the day ahead in U.S. and global markets from Alun John.

Eurozone retail sales figures came in weaker-than-expected in December. However, the numbers are unlikely to deter the ECB from its policy goals.