Forex News

WELLINGTON (Reuters) – New Zealand’s business confidence in the fourth quarter of last year hit its lowest level since 1974 as companies grapple with higher interest rates, cost pressures and soft demand, a private think tank said on Tuesday.

(Reuters) – Teachers, retirees and workers’ unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation.

By Darya Korsunskaya (Reuters) – Russia’s attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further reduces the Kremlin’s crucial export revenues, analysts say.

CAIRO (Reuters) – Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt’s central bank said in a statement on Monday.

By Rae Wee SINGAPORE (Reuters) – The Japanese yen held near an over seven-month peak on Monday, as traders, in the lead up to the Bank of Japan’s monetary policy decision this week, ramped up bets that the central bank could make further tweaks to its

(Reuters) – Morgan Stanley cut its 2023 year-end forecast for the dollar index to 98, and expects the greenback’s weakness to be more pronounced against the euro this year as worries about the severity of an economic downturn start to ease.

By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday as investors waited nervously to see if the Bank of Japan (BOJ) will defend its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading.

By Junko Fujita TOKYO (Reuters) – Market forces have pushed Japanese government bond yields above policy targets. The moves are the biggest test in seven years of yield control in Japan, and dealers say the central bank’s dominance of trading is making the market barely functional.

German wholesale inflation numbers declined in December, a favorable result for the ECB. Next up, ECB President Lagarde and the ECB Research Bulletin.

LONDON (Reuters) – Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend (in person this time) on the Swiss resort of Davos to put the world to rights.

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

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

(Reuters) – Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close.

(Reuters) – Bitcoin rose 5.54% to $19,897 at 22:13 GMT on Friday, adding $1,044 to its previous close.

By Tom Westbrook and Kevin Buckland SINGAPORE/TOKYO (Reuters) – Asian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank’s target as markets challenged Tokyo’s commitment to loose

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar swayed on Friday, flirting with seven-month lows after a sharp dive overnight as data showed U.S. inflation was slowing, boosting hopes of the Federal Reserve taking its foot off an aggressive interest rate hike policy.

By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices unexpectedly increased in December after five straight monthly decreases, boosted by higher costs for natural gas and food, suggesting that the fight against inflation would be protracted even as consumer prices are trending lower.

By Jorgelina do Rosario LONDON (Reuters) – Developing countries have sold a huge $39 billion of international bonds since the start of the year, with investors happy to pile into riskier debt as they bet global interest rates are nearing a peak.

MOSCOW (Reuters) – The price of Russia’s flagship Urals oil in roubles has hit its lowest level since November 2020, Reuters calculations showed on Friday, trading around a third lower than the government had assumed in its 2023 budget.

FRANKFURT (Reuters) – Euro zone banks must be more selective with customers that make risky bets on financial markets, such as hedge funds, and become more prudent in how they manage their exposure to them, the European Central Bank said on Friday.