Forex News

BEIRUT (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years.

BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the Finance Ministry, stressing that the role of the economic team is to focus on reforms to reduce inflation and interest rates.

JAKARTA (Reuters) – Indonesia’s finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose term will end in May, local news websites reported on Monday.

By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a second year of contraction in 2023, a Reuters poll showed on Tuesday.

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

Economic data from the euro area supported a hawkish ECB stance on monetary policy today. However, bets of a hawkish Fed Chair are clouding the picture.

FRANKFURT (Reuters) – Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue doing so as they turn more pessimistic on the economy amid rising funding costs, a European Central Bank survey showed on

LONDON (Reuters) – The British public’s predictions for inflation cooled again in January, according to a survey on Tuesday that should further comfort to the Bank of England that high prices will not become permanently embedded in expectations.

By Naomi Rovnick, Marc Jones and Yoruk Bahceli

A look at the day ahead in European and global markets from Anshuman Daga

NEW YORK (Reuters) – Nike Inc sued Lululemon Athletica Inc on Monday, saying that at least four of the Canadian athletic apparel company’s footwear products infringe its patents.

By Aftab Ahmed MUMBAI (Reuters) – India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source.

By Stephen Culp (Reuters) – A look at the day ahead in markets from Stephen Culp, New York stock market reporter.

By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday in a week that is certain to see interest rates rise in Europe and the United States, along with U.S. jobs and wage data that may influence how much further they still have to

By Rae Wee SINGAPORE (Reuters) – The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve’s, with traders keenly focused on guidance for the path of interest rate rises.

SAO PAULO (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Monday the newly inaugurated government would move forward with measures to expand the availability of credit despite the country’s high benchmark interest rate, which he again criticized.

By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to the pressure on founder Alex Mashinsky, who is already facing fraud allegations.

SAO PAULO (Reuters) – Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America’s largest economy, as part of the crypto giant’s efforts to “broaden the connection between traditional finance and crypto”.

A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor.

It was a busy start to the day on the economic calendar. The German economy contracted in Q4, creating uncertainty going into 2023.