Forex News

(Reuters) – Not too hot and not too cold. That’s what investors are hoping for in terms of the economic outlook, as China recovers from COVID and as companies grapple with sticky inflation and increasingly cash-strapped consumers.

By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. What it does after that is less certain.

A look at the day ahead in European and global markets from Tom Westbrook

By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi’s Feb. 1 budget, before leaving it at that level for the

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

BUDAPEST (Reuters) – Hungary’s January annual inflation is expected to rise above 25% but in February price growth will start slowing which could then allow the central bank to gradually start reducing its interest rates, the minister for economic development said on Sunday.

(Reuters) – Pakistan’s ministry of finance announced on Sunday petrol and diesel prices would rise by 35 rupees ($0.1400) a litre after the country’s currency value plummeted this week when price caps were removed.

LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday and were poised for their fifth straight week of gains after a set of data highlighted a resilient U.S. economy, lifting investor sentiment ahead of next week’s slate of central bank monetary policy meetings.

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar dropped against the yen on Friday as traders bet a hawkish pivot from the Bank of Japan (BOJ) was still in the offing.

MOSCOW (Reuters) – Russia’s communications regulator Roskomnadzor said on Friday it had blocked the websites of the CIA and FBI, accusing the two U.S. government agencies of spreading false information, the TASS news agency reported.

(Reuters) – Weekly inflows into stocks in the week to Wednsday were the largest in six weeks at $13.9 billion, data on Friday from BofA Global Research showed.

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank will keep a wary stance next week against strong criticism from recently elected President Luiz Inacio Lula da Silva, maintaining the Selic benchmark rate at current high levels, a Reuters poll suggests.

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – The Pakistani rupee showed signs of steadying on Friday after steep decline over the previous two days, with hopes raised by an International Monetary Fund team visiting Islamabad in coming days to discuss resuming disbursements from

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

Euro area loan growth slowed further in December, reflecting the impact of ECB monetary policy on credit appetite. Next up, ECB President Lagarde.

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

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday the economy’s retreat to deflation cannot be ruled out because domestic demand-driven inflation remains feeble.

SEOUL (Reuters) – South Korea’s financial regulator has imposed a fine of 11.88 billion won ($9.66 million) on U.S.-based Citadel Securities, saying it disturbed the local stock market with high-frequency algorithm trading.

By Noele Illien and Tom Wilson ZURICH/LONDON (Reuters) – Financial watchdogs and government agencies from the United States, Japan and Switzerland are among creditors of bankrupt crypto exchange FTX, as well as companies including Airbnb and crypto giant Binance, a court filing has shown.