Forex News

SHANGHAI (Reuters) – Investors should avoid Chinese currency risk and adapt to higher foreign exchange volatility, three state financial newspapers in Shanghai and Beijing said in front-page commentaries on Tuesday after more than a week of strong gains by the yuan.

Bank of England Chief Economist Huw Pill laid out the Bank’s thought process today, which could become more clouded after a jump in consumption.

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

By Wayne Cole SYDNEY (Reuters) – Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy.

SINGAPORE (Reuters) – The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes.

By Susan Mathew (Reuters) – Brazil’s currency fell on Monday after supporters of former president Jair Bolsonaro stormed the capital, while Chile’s peso hit seven-month highs, driven by a leap in copper prices as China’s reopened borders drove expectation of higher demand.

By Carolina Pulice and Tatiana Bautzer MEXICO CITY/SAO PAULO (Reuters) – Brazilian assets may be hit by fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts said.

SAO PAULO (Reuters) – Brazil’s currency on Monday weakened roughly 1% against the dollar in early spot trading after supporters of former President Jair Bolsonaro stormed the country’s capital a day earlier.

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

By Jake Cordell (Reuters) – The Russian rouble started the first full trading day of the new year on the front foot, advancing by more than 3% against the U.S. dollar to rebound from six-month lows hit in volatile trading at the end of 2022.

FRANKFURT (Reuters) – Investor morale in the euro zone picked up for a third consecutive month in January to its highest level since June 2022, but remained in negative territory reflecting a challenging economic situation, a survey showed on Monday.

German industrial production impressed this morning despite a continued contraction in the manufacturing sector, painting more gloss on the economy.

ZURICH(Reuters) – The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history.

BEIJING (Reuters) – China’s central bank will step up support for private firms as part of steps to shore up the economy, while easing a crackdown on tech companies, Guo Shuqing, Communist party chief of the People’s Bank of China, was quoted by state media as

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

By Jamie McGeever ORLANDO, Fla. (Reuters) – Hedge funds have started 2023 betting that U.S. interest rates are close to peaking, that the Federal Reserve will keep them higher for longer and that the dollar will weaken slightly.

LONDON (Reuters) – British foreign minister James Cleverly will on Monday seek to inject fresh momentum into talks with the EU on resolving disputes over a post-Brexit trade relationship when he hosts the European Commission Vice-President Maros Sefcovic in London.

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

BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday.

BEIJING (Reuters) – China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.