Forex News

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

SEOUL (Reuters) – South Korean manufacturers’ business sentiment for February weakened to the worst level in over two years, a central bank survey showed on Friday, hurt by heightened uncertainty over the economic outlook.

By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose to a fresh seven-month high on Thursday, with Hong Kong shares playing catch-up to other markets’ gains as trade resumed after its three-day Lunar New Holiday.

By Rae Wee SINGAPORE (Reuters) – The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders stayed on guard ahead of a slew of central bank meetings next week.

KARACHI, Pakistan (Reuters) – The dropped about 1.8% in early trading on Thursday against the U.S. dollar in official bank exchange rates, according to trade data and investment houses, a day after it fell over 1% in the open market.

NEW YORK (Reuters) – The U.S. economy kept up a strong pace of growth in the fourth quarter, but momentum appears to have slowed considerably towards year-end, with higher interest rates eroding demand.

By Fergal Smith TORONTO (Reuters) – After the Bank of Canada posted its first ever quarterly loss, the federal government plans to introduce legislation enabling the central bank to retain profits rather than remit them to the government, BoC Governor Tiff Macklem said.

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

ANKARA (Reuters) – There is no longer basis in Turkey for large price rises given increasing predictability in exchange rates and the support for financing, and data proves that inflation is slowing, the central bank’s head said on Thursday.

By Leika Kihara TOKYO (Reuters) – The Bank of Japan should let government bond yields move more flexibly and be ready to raise short-term interest rates swiftly if “significant” upside risks to inflation materialise, the International Monetary Fund (IMF) said on Thursday.

AMSTERDAM (Reuters) – The Dutch central bank (DNB) has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million) for failing to obtain the correct registration in the Netherlands before offering services.

TOKYO (Reuters) – Japan, as this year’s G7 chair, expects Russia’s invasion of Ukraine to dominate talks this year among the world’s major advanced economies, its top finance diplomat, Masato Kanda, told Reuters.

By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted investor appetite for Asian emerging currencies, a Reuters poll showed

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

JAKARTA (Reuters) – Indonesia is formulating incentives for exporters to keep their foreign exchange earnings onshore for at least three months, the chief economics minister said on Thursday.

JAKARTA (Reuters) – Indonesia’s central bank governor Perry Warjiyo said on Thursday the passage of a law last year that expanded Bank Indonesia’s (BI) mandate would not affect its framework to tackle inflation.

MANILA (Reuters) – The Philippines posted a trade deficit of $4.6 billion for December, the biggest trade gap in three months, government data showed on Thursday.

By Anshuman Daga SINGAPORE (Reuters) – Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely.

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

SEOUL (Reuters) – South Korean consumers’ inflation expectations inched up in January, with sentiment toward economic conditions and the outlook also improving, a central bank survey showed on Thursday.