Forex News

UK economic indicators delivered the Bank of England plenty to think about, with the latest retail sales figures removing the hope of a mild recession.

By Junko Fujita and Tom Westbrook SINGAPORE (Reuters) – Japan’s central bank appears to have scored an interim win in its long-drawn battle with bond bears.

By Mariam Rizk CAIRO (Reuters) – In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast.

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

By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold interest rates steady for at least the rest of the year, according to most economists

CARACAS (Reuters) – Venezuela’s down-at-the-heel bolivar currency fell to 20 per dollar, according to official data for Wednesday, complicating attempts by the government of President Nicolas Maduro to control inflation.

By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets struggled to make headway on Thursday, after weak U.S. consumer data stoked recession worries and nudged investors toward safe assets such as bonds, while Japan’s yen rose as markets doubted the Bank of Japan’s policy commitments.

By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) rejected market pressure this week, maintaining ultra-low interest rates, but its bullish views on wages and growing strains from its policy suggest it may still end its expansionist experiment this year.

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

WELLINGTON (Reuters) – New Zealand’s manufacturing sector contracted for the third consecutive month in December, while the negative mindset of manufacturers has picked up pace.

SEOUL (Reuters) – South Korea’s producer inflation slowed in December for a sixth month, dropping to the lowest rate in 20 months, central bank data showed on Friday.

By Rae Wee SINGAPORE (Reuters) – The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safe-haven greenback, while the yen renewed its ascent as investors doubled down on bets that the Bank of Japan would shift away from

Today, ECB President Lagarde quashed hopes of a Q1 policy pivot. The monetary policy meeting minutes also removed any monetary policy uncertainty.

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

By Paritosh Bansal and Divya Chowdhury DAVOS, Switzerland (Reuters) – In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see.

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

By Rocky Swift TOKYO (Reuters) – More than half of Japanese companies are planning to raise wages this year, according to a Reuters monthly poll, meeting a key request from Prime Minister Fumio Kishida to help workers cope with surging consumer prices.

By Stella Qiu SYDNEY (Reuters) – The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern.

SYDNEY (Reuters) – Australia employment unexpectedly dipped in December following an outsized gain the month before, while the jobless rate stayed near five-decade lows.

BUENOS AIRES (Reuters) – Argentina will buy back foreign bonds equivalent to over $1 billion to improve the South American country’s debt profile and help open access for the indebted country to capital markets, economy minister Sergio Massa said on Wednesday.