Forex News

By Anna-Catherine Brigida BUENOS AIRES (Reuters) – Crypto exchange Binance, which has been sued by U.S. regulators, said on Tuesday it is expanding services in inflation-hit Argentina, allowing users to buy and sell digital currencies directly with local pesos.

KARACHI, Pakistan (Reuters) – Pakistan’s central bank raised its key interest rate by 100 basis points on Tuesday, as the cash-strapped country aims to bring down record high inflation.

BEIJING (Reuters) – China will safeguard the yuan and financial stability, central bank governor Yi Gang told a financial forum on Tuesday.

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

By Stella Qiu SYDNEY (Reuters) – Australia’s central bank on Tuesday left its cash rate unchanged at 3.6% to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases on the economy and inflation.

By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland

By Chen Lin SINGAPORE (Reuters) – Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due to global supply chain disruptions.

SEOUL (Reuters) – South Korea’s consumer inflation eased to a one-year low in March and came slightly lower than economists’ expectations, official data showed on Tuesday.

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

By Wayne Cole SYDNEY (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism.

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar started the week higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders wagering the Federal Reserve may need to increase interest rates at its next meeting.

JERUSALEM (Reuters) – The Bank of Israel on Monday raised its benchmark interest rate by another quarter of a percentage point, the ninth straight meeting it has increased rates amid a battle against inflation that remains above 5%.

By John Revill ZURICH (Reuters) – Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds offered them to facilitate their planned merger.

By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s naira dropped to a record low of 465 per dollar on the official market on Monday, Refinitiv data showed, as traders await the outcome of Friday’s central bank foreign exchange auction.

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

CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi is travelling to Saudi Arabia on Sunday, according to three diplomatic sources, as Cairo continues to seek financial inflows to ease pressure on its currency and bolster a faltering economy.

By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.

By Tom Westbrook and Stella Qiu SINGAPORE/SYDNEY (Reuters) – The end of China’s strict COVID-19 border controls is prompting pent-up cash to begin flowing abroad, real estate agents and property data from Australia to Singapore suggest.

By Georgina Lee HONG KONG (Reuters) – Chicago’s CME Group opened options trading for Chinese yuan futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China’s currency.

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