Forex News

ZURICH (Reuters) – Swiss National Bank Vice Chairman Martin Schlegel said on Tuesday it was too early to sound the ‘all-clear’ on inflation in Switzerland, despite an expected decline in the rate of price rises.

By Nell Mackenzie LONDON (Reuters) – If the U.S. Congress becomes mired in an argument on whether to raise the debt ceiling, this will hurt the U.S. economy and rattle financial markets, a top executive at private equity firm Bain Capital said on Tuesday.

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

CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi begins a visit to India on Wednesday where he will meet business leaders and be a guest of honour at India’s Jan. 26 Republic Day.

The Eurozone private sector returned to growth in January. However, wage growth and prices charge inflation will raise concerns for the ECB.

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

SEOUL (Reuters) – South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market.

By Lisandra Paraguassu BUENOS AIRES (Reuters) – Brazilian Finance Minister Fernando Haddad played down the idea of a single shared currency between Argentina and Brazil late on Sunday, saying the countries were looking at ways to stimulate bilateral trade but not extinguish their own currencies.

By Elizabeth Howcroft LONDON (Reuters) – European stock indexes rose slightly in early trading on Monday, supported by hopes that inflation could be past its peak, as markets softened their expectations for future Federal Reserve rate hikes.

By Rodrigo Campos NEW YORK (Reuters) – South America is not likely to have a common currency bloc to rival the euro any time soon, analysts said on Monday, despite excited chatter sparked by officials in Brazil and Argentina raising the prospect of a shared tender.

By Wayne Cole SYDNEY (Reuters) – The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.

By Marcela Ayres BRASILIA (Reuters) – Brazil and Argentina sparked some excitement on Sunday over the possibility of a potential “currency union”, though the two countries are unlikely to ditch the real or peso any time soon. So what is the plan all about?

CARACAS (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles with a deep and lengthy economic crisis.

BUENOS AIRES (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Monday said Brazil and Argentina are studying the creation of a common currency to be used in trades between the two countries in order to reduce dependence on the U.S. dollar.

ABUJA (Reuters) – Nigeria’s tax receipts rose 56% in 2022 to 10 trillion naira ($22 billion), its highest collection on record, the head of the country’s revenue service said on Monday.

By Stefania Spezzati and Nell Mackenzie

A look at the day ahead in U.S. and global markets from Dhara Ranasinghe.

By Uditha Jayasinghe COLOMBO (Reuters) – The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International

(Reuters) – The world’s largest economy hitting its debt limit is fraying confidence, just as some of the biggest names in the U.S. corporate landscape get ready to report results.

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s policy signals don’t seem to convince investors any more, analysts say, whether it is trying to raise their expectations for interest rates or lower them.