Forex

South Africa's Treasury says recession, falling revenue hurt public finances

16/10 Falling revenues and a recession mean South Africa will struggle to finance the public services that form the largest part of its budget, the National Treasury said on Tuesday.  Full story

Australia, NZ dlrs find some support as stocks rally

04h35 The Australian and New Zealand dollars held their ground on Wednesday as a rebound in global equities pointed to some improvement in risk appetite after a rough couple of weeks.. . .  Full story

Asia shares ride Wall St bounce, China muted

04h32 Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.. . .  Full story

S.Korea stocks jump tracking Wall Street; won climbs

04h06 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index added more than 1 percent on Wednesday, tracking overnight gains in Wall Street which surged. . .  Full story

Most strengthen, S.Korean won leads gains

03h42 The following table shows rates for Asian currencies against the dollar at 0137 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0137 GMT. . .  Full story

Gold prices hold steady as investors wait for Fed minutes

03h23 Gold prices held steady on Wednesday despite a rise in equities, with investors waiting for minutes from the U.S. Federal Reserve's latest policy meeting for any fresh clues on the pace of interest rate. . .  Full story

Dollar consolidates, yen weakens as risk sentiment improves

03h21 The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets.. . .  Full story

Despite Beijing's line, investors gun for yuan at 7 to the dollar

03h09 Investors are betting that the powerful forces of easier monetary policy at home and unrelenting gains in the U.S. dollar will push China's yuan down, even as Beijing categorically insists that it isn't pursuing currency. . .  Full story

Scholar says claims of China currency manipulation "total rubbish" - paper

02h36 Claims that China is trying to devalue the yuan to boost exports are "total rubbish", a former advisor to China's central bank was quoted as saying by the official English-language China Daily newspaper on. . .  Full story

China Treasury holdings in August fall to lowest since June 2017 -Treasury data

16/10 China's holdings of U.S. Treasuries fell for a third straight month in August to their lowest in more than a year, Treasury Department data showed on Tuesday, in what was likely a move to. . .  Full story

Stocks rebound with earnings in focus; oil up on supply concern

16/10 Stocks across the world bounced back on Tuesday, supported by strong earnings results and expectations, while oil prices rose as evidence of higher U.S. production was overshadowed by concerns about supply from Iran and Saudi. . .  Full story

Venezuela seeks banking services in Asia, Europe -official

16/10 Venezuela is seeking to open bank accounts in Asia and Europe to carry out hard currency transactions, Economy Vice President Tareck El Aissami said on Tuesday, as the OPEC nation seeks to overcome U.S.. . .  Full story

LatAm assets mostly rise as Wall St rally boosts risk appetite

16/10 Latin American stocks were mostly higher on Tuesday, lifted by an upbeat Wall Street, with Brazil stocks gaining more than 2 percent while currencies firmed as the dollar steadied. Strong earnings. . .  Full story

Russia c.bank says ready to intervene on market if needed

16/10 Russia's central bank is ready to intervene on markets if necessary to support the prices of certain assets in the event of a crisis, the bank's First Deputy Governor Ksenia Yudayeva said on Tuesday.. . .  Full story

Gold flat as softer dollar offsets improving risk appetite

16/10 Gold held steady near 2-1/2-month highs on Tuesday as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets.. . .  Full story

Dollar steady as stock gains show improving risk sentiment

16/10 The U.S. dollar index was little changed on Tuesday while emerging market currencies outperformed, as rising stock markets reflected an improved risk appetite. The three main Wall Street indexes each rose. . .  Full story

Sterling gains on labour data, no advance seen at EU summit

16/10 The pound rose above $1.32 on Tuesday on stronger-than-expected labour data, but investors said doubts about a European Union summit yielding much progress on Brexit would limit the currency's advance.. . .  Full story

South Africa's rand firms as investors chase riskier assets, stocks up

16/10 South Africa's rand firmed against a softer dollar on Tuesday, its strongest since the start of the month, in line with other emerging-market currencies which have slowly restored gains after recent sharp losses.. . .  Full story

Emerging market currencies at their most undervalued ever - BAML survey

16/10 A record number of investors think emerging market currencies are undervalued, Bank of America Merrill Lynch's October fund manager survey found on Tuesday.. . .  Full story

Forint sets two-month high on gold reserves

16/10 The forint hit a two-month high against the euro on Tuesday after the National Bank Hungary said it would increase its gold reserves. The bank kept. . .  Full story

C$ strengthens to nearly one-week high as stocks rise

16/10 The Canadian dollar strengthened to nearly a one-week high against the greenback on Tuesday, boosted by a rise in stocks and growing expectations of a Bank of Canada interest rate hike next week.. . .  Full story

Sri Lankan rupee ends weaker; stocks edge up from near 5-yr low

16/10 ** The Sri Lankan rupee ended 0.2 percent weaker on Tuesday as banks and importers bought the dollar while stocks ended a five-session losing streak, pulling away from previous session's near five-year closing low.. . .  Full story

Indonesia's budget committee approves 5.3 pct target for 2019 GDP growth

16/10 The Indonesian parliament's budgetary committee on Tuesday approved the assumptions on which the government based its 2019 budget proposal, including a GDP growth target of 5.3 percent. Finance Minister Sri. . .  Full story

Rising oil turns up heat on vulnerable emerging economies

16/10 A rise in oil prices to four-year highs is heaping pressure on big emerging-market crude consumers such as Turkey, India, Indonesia and South Africa that are already grappling with current account deficits, weak currencies and. . .  Full story

EMERGING MARKETS-Emerging markets hope for cooling of Saudi tensions

16/10 Emerging stock and currency markets drew some comfort on Tuesday from signs Saudi Arabia will acknowledge the death of a missing journalist in a botched interrogation while lukewarm Chinese inflation data cooled concerns over. . .  Full story

Sterling rises on labour data, but EU summit fears curb gains

16/10 The pound rose above $1.32 on Tuesday after labour data beat expectations, but investors said doubts that a Brexit deal would be reached at a European Union summit this week would limit the currency's. . .  Full story

Japan says U.S. has not raised FX manipulation in trade talks

16/10 The U.S. government had not spoken to Japan about including provisions in free trade agreements to deter currency manipulation, Japanese Finance Minister Taro Aso said on Tuesday, although the two sides are likely to. . .  Full story

S.Korean stocks steady; won edges up

16/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index closed flat on Tuesday as global uncertainties capped gains during the day. The Korean won rose while bond yields fell.. . .  Full story

South Africa's rand steady as dollar struggles, stocks to open lower

16/10 South Africa's rand inched lower early on Tuesday due to profit-taking as the dollar regained some ground after sliding on poor retail sales data.. . .  Full story

Asian currencies firmer on improved sentiment, S.Korean won leads gains

16/10 Asian currencies made slight advances against the dollar on Tuesday as global sentiment towards riskier assets improved following heavier losses over the past week and as investors awaited U.S. economic data for cues on greenback. . .  Full story

ANALYSIS-Uncertain Brexit endgame keeps big sterling bets off agenda

16/10 London and Brussels are nearing the Brexit endgame, but sterling may be subject to big swings regardless of whether they soon cut a deal - keeping investors looking to bet on the next big. . .  Full story

China's yuan weakens as inflation data shows softer demand

16/10 China's yuan weakened on Tuesday as slowing factory gate inflation in September signaled a weaker economy, raising the likelihood of further policy easing by the central bank to keep growth on track.. . .  Full story

Philippines cuts 2018 GDP growth goal, raises inflation targets

16/10 The Philippine government has shaved its economic growth target for this year and raised inflation forecasts for 2018 and 2019, reflecting caution as soaring consumer prices curb expansion in one of Asia's fastest growing economies.. . .  Full story

Oil, weaker currency sharply lifts NZ inflation; c.bank seen 'patient'

16/10 New Zealand's inflation accelerated sharply in the third quarter, driven by higher fuel prices and a weaker currency, though analysts expect the central bank to look past those transitory factors and keep rates. . .  Full story

S.Korea central bank to keep rates unchanged but signal Nov hike

16/10 South Korea's central bank is broadly expected to keep its benchmark rate steady at its policy meeting on Thursday but could signal a possible tightening in November, according to a Reuters poll of analysts.. . .  Full story

New Zealand dlr up as rising inflation narrows room for rate cut

16/10 The New Zealand dollar popped higher on Tuesday after a surprisingly high reading on domestic inflation blunted the, already modest, chance of a cut in interest rates and pushed bond yields up.. . .  Full story

S.Korea stocks rise as global uncertainties ease; won climbs

16/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index gained a foothold on Tuesday after recent declines, as global markets shakeout and the rift. . .  Full story

Crypto exchange Coinbase opens Dublin office as Brexit looms

16/10 Cryptocurrency exchange Coinbase has opened an office in Dublin, it said on Tuesday, joining the growing ranks of banks and financial firms with major British businesses developing European Union outposts as Britain's exit from the. . .  Full story

NZ inflation accelerates in Q3, above expectations

15/10 New Zealand's inflation picked up to 1.9 percent on the year in the third quarter, beating expectations mainly on the back of higher fuel prices and a weaker currency, data showed on Tuesday.. . .  Full story

EMERGING MARKETS-Brazil and Mexico FX firm on dollar dip, stocks gain

15/10 Brazil and Mexican currencies firmed against a weaker dollar on Monday, and their stock markets rose, bucking a decline in other emerging market counterparts. U.S. stocks ended lower in a. . .  Full story

Safe havens rise on West-Saudi tension; stocks fall

15/10 Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and. . .  Full story

C$ rallies as business optimism backs further rate hikes

15/10 The Canadian dollar strengthened to its highest in five days against its U.S. counterpart on Monday, after a quarterly business survey by the Bank of Canada supported bets for another interest rate hike from. . .  Full story

Dollar dips as U.S. retail sales misses expectations

15/10 The U.S. dollar dipped on Monday after retail sales data for September missed economists’ expectations, and as benchmark U.S. Treasury yields consolidated after hitting seven-year highs last week. U.S.. . .  Full story

Poland raises gold holdings to record high in September - IMF data

15/10 Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday.. . .  Full story

Uncertain Brexit endgame keeps big sterling bets off agenda

15/10 London and Brussels are nearing the Brexit endgame, but sterling may be subject to big swings regardless of whether they soon cut a deal - keeping investors looking to bet on the next big. . .  Full story

Fidelity launches new company for trading and storing cryptocurrencies

15/10 Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, the asset manager said on Monday.. . .  Full story

South African rand rallies on Moody's, stocks track Asia lower

15/10 A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its strongest in a week as it rallied for the third straight session against. . .  Full story

Israel inflation rate steady at 1.2 percent in September

15/10 Israel's annual inflation rate rose for the 13th straight month in September, data from the Central Bureau of Statistics showed on Monday, holding steady from August and remaining within the government's target range.. . .  Full story

Sterling stuck near 1-week low as Brexit talks falter

15/10 Sterling held near a one-week low on Monday as Brexit negotiations faltered before a crucial European Union summit later this week.. . .  Full story

Emerging market central banks that hike rates

15/10 Kazakhstan joined a growing number of emerging market countries where central banks are raising interest rates as policymakers across the developing world grapple with rising inflation and weakening currencies.. . .  Full story

Israeli central bank expected to focus more on asset prices under new chief

15/10 After 25 years of mainly targeting consumer inflation, the Bank of Israel is expected to focus more on asset prices once U.S.-based academic Amir Yaron becomes its new governor, and economists suspect he may. . .  Full story

Pakistan stocks touch 2-year low after appeal for IMF bailout

15/10 Pakistan's stock market on Monday closed down 2 percent after briefly hitting a two-year low, weighed down by a global selloff and the new government seeking a bailout from the International Monetary Fund (IMF).. . .  Full story

Sri Lankan rupee ends weaker; stocks hit near 5-yr low on foreign selling

15/10 ** The Sri Lankan rupee ended 0.7 percent weaker on Monday as banks and importers bought the dollar and as stocks declined for a fifth straight session, hitting a near five-year closing low on. . .  Full story

EMERGING MARKETS-Turkish lira firms on hopes of improving U.S. ties, EM stocks falter again

15/10 Turkey's lira and stocks rose on Monday on hopes of a thaw in relations between Ankara and Washington while a late rally last week on Wall Street offered little respite for other emerging market. . .  Full story

Zloty, Polish bonds firm cautiously after S&P upgrade

15/10 The zloty firmed and Polish government bonds outperformed Central European peers on Monday after Standard & Poor's upgraded the country's rating to 'A-" late on Friday. The last time Poland held. . .  Full story

Saudi currency at weakest in two years on Khashoggi case

15/10 Saudi Arabia's currency fell to its lowest level in two years and its international bond prices slipped on Monday over fears that foreign investment inflows could shrink as Riyadh faces pressure over the disappearance. . .  Full story

ANALYSIS-'Path of thorns': An IMF bailout set to impede Pakistan PM's populist agenda

15/10 From cutting power subsidies to forcing currency devaluations that stoke inflation, the hard choices facing Pakistan as it seeks a bailout from the International Monetary Fund (IMF) pose a major headache for populist new Prime. . .  Full story

Sterling pinned near 1-week lows as Brexit talks stall

15/10 Sterling held near a one-week low on Monday as Brexit negotiations appeared to have hit an impasse before a crucial European Union summit later this week.. . .  Full story

World's central bankers feel the heat as populists demand easy fix

15/10 Central bankers from the United States to Europe are coming under pressure from their governments to loosen their purse strings again as a decade of accelerating economic growth and booming markets fuelled by cheap cash. . .  Full story

S.Korean stocks fall as institutions sell; won drops

15/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index fell on Monday as institutions cut their exposure to riskier assets, while the Korean won weakened against dollar and bond yields rose. ** At. . .  Full story

EM ASIA FX-Rupee slides, Rupiah optimistic after trade surplus

15/10 Most Asian currencies declined against a stronger dollar on Monday. The Indian rupee led the slide as strong oil prices hurt the currency. But a surprise September trade surplus posted by Indonesia helped the. . .  Full story

China's yuan eases as PBOC head sees room for interest rate, RRR adjustments

15/10 China's yuan weakened on Monday after China's central bank governor said he saw room for further adjustment in interest rates and bank reserve requirements to support growth, even as the most recent cut to. . .  Full story

Higher U.S. tariffs on Japanese cars less likely, trade war posing risk

15/10 Higher U.S. tariffs on Japanese car exports are less likely now the two nations agreed to start new trade talks, economists said, but most think U.S. trade friction with China and other economies will. . .  Full story

S.Korea stocks inch lower on global uncertainties; won weakens

15/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened on Monday as lingering global uncertainties led by Sino-U.S. trade war and a possible. . .  Full story

WRAPUP 4-U.S. draws China FX into trade dispute as IMF calls for resolution

15/10 The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of. . .  Full story

-China c.bank chief says plenty of room for monetary adjustments amid trade row

15/10 China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the. . .  Full story

"Innocent bystanders": Emerging economies struggle to contain capital outflows

15/10 After suffering months of capital outflows, policy makers from emerging markets attending IMF-World Bank meetings in Indonesia had a message for leading economies: current monetary and trade policies risk undermining us all.. . .  Full story

Sudanese pound strengthens for first time since devaluation

14/10 The Sudanese pound strengthened to 46.95 to the U.S. dollar on Sunday, bankers said, in the currency's first rise since its steep devaluation a week ago when the government introduced a new mechanism to. . .  Full story

China c.bank chief says plenty of room for monetary adjustments amid trade row

14/10 China central bank governor Yi Gang said on Sunday he still sees plenty of room for adjustment in interest rates and the reserve requirement ratio (RRR), as downside risks from trade tensions with the. . .  Full story

PBOC preparing for all risks in currency policy, governor tells Bloomberg

14/10 The People's Bank of China is preparing for all risks in its currency policy, including a worst-case scenario, governor Yi Gang told Bloomberg in an interview.. . .  Full story

ECB should keep policy options open regardless of Fed

14/10 The European Central Bank should keep its policy options open and not let itself be influenced by the Federal Reserve, ECB policymaker Francois Villeroy de Galhau said on Sunday.. . .  Full story

Unwelcome guest: U.S. tariffs loom at China's biggest trade fair

14/10 Amid gathering gloom over the state of the Chinese economy, exporters of motorcycles, tractors, photocopiers and Christmas tree lighting will join thousands of other companies peddling their wares at China's largest trade fair Monday.. . .  Full story

Trump thanks Turkey for pastor's release, denies cutting deal

13/10 President Donald Trump said on Saturday the release of U.S. pastor Andrew Brunson after two years in Turkish custody was a "tremendous step" toward improved relations with Turkey, but he denied cutting a deal. . .  Full story

Italy must "calm down" and stop questioning the euro - Draghi

13/10 Italian officials must stop questioning the euro and need to "calm down" in their budget debate as they have already caused damage to firms and households, European Central Bank President Mario Draghi said on Saturday.. . .  Full story

U.S. draws China FX into trade dispute as IMF calls for resolution

13/10 The United States sought to make currency a central part of any solution to a bruising trade fight with China, keeping the pressure on Beijing to speed up economic reforms at a gathering of. . .  Full story

China's central bank says market to play decisive role in yuan exchange rate

13/10 China's central bank governor Yi Gang said the government would continue to let the market play a decisive role in establishing its currency exchange rate, refraining from using it as a weapon, amid an escalating. . .  Full story

ECB's Draghi warns central banks' independence under threat

13/10 The independence of central bankers around the world is being threatened by governments demanding monetary support ranging from debt cancellation to bond purchases and lower rates, European Central Bank President Mario Draghi said on Saturday.. . .  Full story

Japan, as next year's G20 chair, wants to put global imbalances on the map

13/10 Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year's gatherings of the Group of 20 major economies, government officials said this week.. . .  Full story

Egypt looks to tap Asian debt markets under debt restructuring

13/10 Egypt is considering issuing bonds in currencies other than the euro and the U.S. dollar after launching a roadshow in Asia, Finance Minister Mohamed Maait told Reuters on Saturday, as the government steps up efforts. . .  Full story

Bank Indonesia says rupiah intervention "prudent", currency stabilises

13/10 Bank Indonesia's recent forex market intervention was done in a "prudent" manner and had stabilised the currency, a deputy governor said on Saturday, after the rupiah this week hit its lowest point since 1998.. . .  Full story

IMF members pledge to avoid competitive currency devaluations - IMFC communique

13/10 The International Monetary Fund's steering committee said on Saturday the group's members pledged to refrain from competitive currency devaluations and not target exchange rates to gain an advantage.. . .  Full story

Stocks rebound but S&P 500 posts biggest weekly loss since March

12/10 Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains.. . .  Full story

Speculators raise net long dollar bets to highest in nearly 2 yrs -CFTC, Reuters

12/10 Speculators' net long bets on the U.S. dollar climbed to their highest since mid-December 2016 in the latest week, according to calculations by Reuters and the Commodity Futures Trading Commission released on Friday.. . .  Full story

C$ steadies as oil and stock prices rebound

12/10 The Canadian dollar was little changed against a broadly stronger greenback on Friday as oil and stock prices rebounded, but the loonie lost ground for the week as investors worried about threats to the. . .  Full story

Latam FX steady as dollar rises, but set to log weekly gains

12/10 Most Latin American currencies steadied on Friday, giving up some gains from earlier in the session as the dollar gained momentum on a rebound in Wall Street after its two-day slide.. . .  Full story

Dollar gains on stock bounce and China's upbeat data

12/10 The dollar climbed on Friday against a basket of currencies as global equity prices rebounded from this week's rout and robust Chinese export figures soothed worries about the world's second-biggest economy and its. . .  Full story