Forex

Nigeria to shut bank accounts of firms which import FX restricted goods

15/06 Nigeria's central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.  Full story

Pound at 5-1/2-month low as Johnson leads, Aussie vulnerable

02h58 The British pound on Tuesday languished near this year's low on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dreaded no-deal. . .  Full story

GLOBAL MARKETS-Asia stocks capped ahead of Fed, oil on defensive

02h44 Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.. . .  Full story

China holdings of U.S. Treasuries in April skid to nearly 2-year low

17/06 China's holdings of U.S. Treasury bonds and notes for the month of April fell to the lowest level since May 2017, data from the U.S. Treasury department showed on Monday, highlighting an uncertain outlook on. . .  Full story

Blockchain startup Ripple buys $30 mln stake in MoneyGram

17/06 Blockchain firm Ripple has bought $30 million worth of shares and warrants in MoneyGram International Inc, the two companies said on Monday, as they partner to use Ripple's product for cross-border payment and foreign exchange. . .  Full story

Stocks, yields dip with Fed meeting on tap

17/06 A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United. . .  Full story

C$ sticks to narrow range ahead of Fed interest rate decision

17/06 The Canadian dollar was little changed against its U.S. counterpart on Monday, holding near Friday's eight-day low as oil prices fell and investors awaited a Federal Reserve policy meeting later in the week.. . .  Full story

Latam FX dip as dollar comes off lows ahead of Fed outcome

17/06 Latin American currencies slipped on Monday, with Brazil's real giving up early gains, as the dollar came off session lows ahead of a Federal Reserve meeting later this week. The dollar. . .  Full story

Dollar steady ahead of Fed meeting; low chances of June rate cut

17/06 The U.S. dollar was roughly unchanged on Monday, hovering near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy. . .  Full story

New Pakistan central bank boss dismisses free floating rupee idea

17/06 Pakistan's new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy.. . .  Full story

Pound falls to 5-1/2 month low as Johnson's lead grows

17/06 The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his. . .  Full story

Czech central banker Dedek sees no reason for rate hike at June 26 meeting

17/06 Czech National Bank board member Oldrich Dedek sees no reason to vote for an interest rate increase next week, because the domestic economy is slowing down and global sentiment is tilted towards easing monetary. . .  Full story

Missing the Target: A timeline of Kuroda-nomics

17/06 The Bank of Japan (BOJ) has postponed the timing for hitting its target of 2% inflation six times since 2013. This timeline tracks the key events and policy changes over the six years since. . .  Full story

Once a backer of the BOJ's price target, Abe turns his back on Kuroda-nomics

17/06 Japanese Prime Minister Shinzo Abe hand-picked the country's central bank chief. But his administration is inching away from Bank of Japan Governor Haruhiko Kuroda's elusive inflation target, seeking to deflect criticism that the signature policy. . .  Full story

Nigerian consumer inflation edges up to 11.4% in May –stats office

17/06 Annual inflation in Nigeria stood at 11.4% in May, compared with 11.37% in April, the National Bureau of Statistics said on Monday.. . .  Full story

Sri Lanka stocks hover near 6-week high as trade turnover zooms; rupee falls

17/06 Sri Lankan shares ended marginally higher on Monday, hovering near a six-week high hit last week, as trade turnover touched a more than four-month high amid continued foreign fund outflows, while the rupee ended weaker. . .  Full story

Hungarian lender MKB's shares start trading in Budapest

17/06 Hungary's MKB Bank, which started trading on the Budapest bourse on Monday, plans to expand its business in the coming years, possibly via acquisitions or increased lending, its chief executive said.. . .  Full story

Assets little changed as investors eye Fed meeting

17/06 Emerging European assets were little changed ahead of a week holding few local developments, with local traders mostly eyeing a U.S. Federal Reserve meeting on Wednesday, which is expected to give indirect clues to. . .  Full story

Emerging market stocks dip; Fed meeting eyed

17/06 Emerging market stocks slipped on Monday, while most developing world currencies traded in narrow ranges against the dollar a day ahead of the start of the U.S. Federal Reserve's keenly anticipated meeting.. . .  Full story

Japan to name Yoshiki Takeuchi as top currency diplomat - sources

17/06 Japan's government is set to tap Yoshiki Takeuchi as vice finance minister for international affairs, its top foreign exchange diplomat whose duties would include arranging any currency interventions, sources with knowledge of the matter told. . .  Full story

S.Korean stocks inch lower ahead of Fed meeting

17/06 Round-up of South Korean financial markets:. . .  Full story

Most Asian currencies weaken ahead of Fed meeting

17/06 Most Asian currencies weakened on Monday as the U.S. dollar drew strength from strong retail sales data that tempered market expectations that the Federal Reserve could cut interest rates this week.. . .  Full story

Yuan steady as PBOC again sets firmer-than-expected fix

17/06 China's yuan was little changed on Monday as the central bank kept its morning guidance rate largely steady, reminding the market of its tight grip on the currency to curb downward pressure.. . .  Full story

Australia, NZ dollars nurse losses, housing data some help

17/06 The Australian and New Zealand dollars huddled near multi-month lows on Monday after their U.S. counterpart got a lift from upbeat domestic data, a stark contrast to disappointing numbers out of major trading partner China.. . .  Full story

S.Korea stocks steady; focus shifts to Fed meet

17/06 Round-up of South Korean financial markets: ** South Korea's KOSPI index was flat on Monday ahead of a Federal Reserve meeting, while investors kept a cautious stance. . .  Full story

Who stands to lose if Swiss-EU treaty talks fail

16/06 More than four years of negotiations have failed to yield a breakthrough on a new treaty between Switzerland and the European Union, by far its biggest trading partner.. . .  Full story

Deadline looms for agreement on Swiss-EU ties

16/06 Swiss ties with the European Union, its biggest trading partner, face a critical test this week as Brussels decides whether the two sides have made enough progress on a stalled draft treaty to head. . .  Full story

Trump says 'it doesn't matter' if China's Xi attends G20 -Fox News

15/06 U.S. President Donald Trump said on Friday "it doesn't matter" if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the Japanese city of Osaka, predicting a trade deal. . .  Full story

Stocks dip as Fed meeting looms, oil climbs on geopolitical fears

14/06 U.S. stocks ended nominally lower on Friday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil. . .  Full story

Latam stocks follow Wall Street lower, Brazil's real weakens

14/06 Latin American stocks fell nearly 2% on Friday, mirroring weakness on Wall Street, while the Brazilian real dropped as optimism around the proposed overhaul of the country's pension system faded.. . .  Full story

Dollar gains on solid retail sales, before Fed meeting

14/06 The dollar index climbed to its highest in almost two weeks on Friday after encouraging retail sales data for May released ahead of a Federal Reserve policy meeting next week eased fears that the. . .  Full story

Trump threats drive historic Brazil, Mexico currency divergence

14/06 The fate of Latin America's two main currencies have contrasted so much lately that traders and analysts are questioning whether Brazil's real can keep rallying while the Mexican peso slides.. . .  Full story

Russia lowers rates as inflation slows, signals more cuts

14/06 The Russian central bank cut its key interest rate on Friday and said one or two more cuts were possible later this year as Russia faces sluggish economic growth and slowing inflation.. . .  Full story

Polish bond yield sets 4-year low, currencies rise despite firm dollar

14/06 Poland's 10-year government bond yield sank to its lowest level in more than four years on Friday after an attack on two oil tankers in the Gulf, which the United States blamed on Iran,. . .  Full story

Pound heads for sixth week of losses against the euro

14/06 The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, with sterling on track for its sixth week of losses. . .  Full story

C$ hits 1-week low as retail sales data boosts greenback

14/06 The Canadian dollar fell to a one-week low against its U.S. counterpart on Friday as U.S. data suggesting a pick-up in consumer spending boosted the greenback. At 9:19 a.m. (1319. . .  Full story

Sri Lanka stocks snaps 5-day rally on foreign outflows; rupee falls

14/06 Sri Lankan shares snapped a five-day rally to end a tad weaker on Friday, slipping from a near six-week high hit in the last session, as foreign fund outflows from equities continued, while the. . .  Full story

South African central bank says it is committed to price stability mandate

14/06 South Africa's central bank is committed to its primary mandate of maintaining price stability in the interest of balanced and sustainable economic growth, the bank's governor, Lesetja Kganyago, said in a. . .  Full story

Rate hike in store for Norway, lone among peers

14/06 Norway's central bank is expected to raise its key interest rate on June 20 and to continue to tighten monetary policy later this year as domestic strength trumps a global economic slowdown, a Reuters. . .  Full story

China's May industrial output growth cools to 17-yr low as trade war escalates

14/06 China's economy flashed more warning signs in May as the United States ramped up trade pressure, with industrial output growth unexpectedly slowing to a more than 17-year low and investment cooling, underlining a need for. . .  Full story

Kenyan shilling weakens against the dollar

14/06 The Kenyan shilling weakened against the dollar on Friday under pressure from surplus liquidity in the local money market and increased oil importer dollar demand as market players eyed the effects. . .  Full story

Emerging market central banks in spotlight in wake of South Africa debate

14/06 Debate has erupted within South Africa's ruling African National Congress party about whether to widen the role of the central bank to encompass job creation and economic growth alongside its existing remit of ensuring. . .  Full story

Philippine current account gap to widen in 2019 on weak exports

14/06 The Philippines is expected to end the year with a wider current account deficit, the central bank said on Friday, as the outlook for exports deteriorated due to weaker global demand.. . .  Full story

Slip in emerging equities, China data play on investors' minds

14/06 Emerging market stocks fell on Friday, with risk sentiment kept in check by weak Chinese industrial output data, which investors scanned for clues on the toll exacted by the country's bruising trade war with. . .  Full story

Sterling on track for sixth week of losses against the euro

14/06 The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, putting sterling on course for a six-week losing streak versus the. . .  Full story

South Africa's rand steady as investors mull developments ahead of long weekend

14/06 South Africa's rand held steady on Friday as investors assessed local and international political developments ahead of a long weekend and a U.S. Federal Reserve meeting next week.. . .  Full story

S.Korean stocks slip; all eyes on Fed, Trump-Xi meeting

14/06 Round-up of South Korean financial markets:. . .  Full story

Breakdown of China's May retail sales

14/06 Following is a breakdown of China's retail sales for May, published by the National Bureau of Statistics on Friday. (Percent change from a year earlier):. . .  Full story

Breakdown of China's May industrial output

14/06 Following is a breakdown of China's industrial output for May, published by the National Bureau of Statistics on Friday. (Percent change from a year earlier, except for sales/output ratio):. . .  Full story

Yuan eases, set for 3rd weekly loss as PBOC tries to temper pressure

14/06 China's yuan eased against the U.S. dollar on Friday and looked set for its third straight weekly loss, but the central bank again appeared to be curbing downward pressure by setting supportive guidance rates.. . .  Full story

Most Asian units to end the week lower, Thai baht strengthens

14/06 Asian currencies edged slightly lower on Friday, with most units set to lose after a week marked by continued pessimism over a U.S-China trade deal. Chinese retail sales and industrial. . .  Full story

Competitive currency devaluation could prompt global financial chaos - ex-PBOC chief

14/06 Competitive currency devaluation does not benefit any country and could cause chaos to global financial order, former China central bank governor Zhou Xiaochuan said on Friday.. . .  Full story

Australia, NZ dlrs under water; NAB tips deeper rate cuts

14/06 The Australian and New Zealand dollars were heading for steep weekly losses on Friday as investors wagered that aggressive rate cuts would be needed given soft economic data at home and the fallout from. . .  Full story

S.Korea stocks inch down on stalled trade talks; tanker attack impact limited

14/06 Round-up of South Korean financial markets: ** South Korea's KOSPI index edged lower early on Friday as the surge in oil prices. . .  Full story

Asia Rice-Demand stagnant in export hubs on lack of fresh offers

14/06 Export prices for Indian and Vietnamese rice slipped this week on thin demand while strength in the baht made supplies from Thailand less competitive even as the world's second-biggest rice exporter struggles to find. . .  Full story

Facebook's cryptocurrency-based payments system gets big backers -WSJ

14/06 Facebook Inc has enlisted more than a dozen companies including Visa Inc, Mastercard Inc , PayPal Holdings Inc and Uber Technologies Inc to back its new cryptocurrency, the Wall Street Journal reported https://on.wsj.com/2IdYo3a on Thursday.. . .  Full story

Oil surges on tanker attacks; stocks rise on Fed rate cut expectations

13/06 Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following economic data seen as strengthening the case for. . .  Full story

Brazil currency, shares rise on pension overhaul proposal

13/06 The Brazilian real firmed and stocks climbed on Thursday, as investors welcomed a report on the government's proposal to overhaul the country's pension system. The real rose about 0.4%. . .  Full story

Dollar steady before Fed meeting, G20 summit

13/06 The U.S. dollar was little changed against the euro on Thursday as investors were reluctant to take large positions before next week’s Federal Reserve meeting and the G20 summit in Japan later this month.. . .  Full story

Gold gains as Fed rate cut expectations provide support

13/06 Gold prices climbed to a week's high on Thursday, supported by expectations for an interest rate cut by the U.S. Federal Reserve following soft inflation data, although an uptick in equities capped gains.. . .  Full story

Pakistan reserves decrease $55 mln to $7,807.2 mln week ending June 3

13/06 Pakistan's foreign exchange reserves decrease $55 million to $7,807.2 million in the week ending June 3, compared to $7,862.4 million in the previous week, the central bank said on Thursday.. . .  Full story

Pound near 5-month lows vs euro as UK leadership race begins

13/06 The pound held near a five-month low against the euro on Thursday after Boris Johnson won by far the most support from Conservative lawmakers in the first round of the contest to replace Prime. . .  Full story

Loonie breaks this week's losing run as oil rallies

13/06 The Canadian dollar strengthened against its U.S. counterpart on Thursday, after a three-day run of declines as oil prices rallied and domestic household indebtedness edged lower. At 9:38 a.m. (1338 GMT),. . .  Full story

Zimbabwe pensioners face delay in payments amid currency row

13/06 Payments to 200,000 retirees on Zimbabwe's public pensions scheme could be delayed this month, the national social security agency said, after a foreign currency dispute erupted between local banks and a. . .  Full story

Sri Lanka stocks end at near 6-week high; rupee falls

13/06 Sri Lankan shares rose for the fifth straight session on Thursday to end at a near six-week high on local buying, even as foreign investors continued exiting the island nation's risky assets, while the. . .  Full story

SNB says U.S.-China trade war triggering franc's rise

13/06 The Swiss National Bank (SNB) could further relax its ultra-loose monetary policy, it said on Thursday, blaming rising trade tensions between the United States and China for a spike in the safe-haven Swiss franc.. . .  Full story

Czech crown gains; central banker says room for rate rise

13/06 The crown gained on Thursday after a Czech central bank board member said he still saw room to raise interest rates. Other Central European currencies fell. The remarks by Czech policy-maker. . .  Full story

Overseas investors switch to Asian bonds from equities in May

13/06 While overseas investors sold Asian equities in May, they bought the region's bonds, which were made more attractive by falling yields and offered some safety amid worries over the Sino-U.S. trade war, Brexit and. . .  Full story

Emerging market stocks dip as risk sentiment weakens

13/06 Emerging market stocks fell on Thursday as risk appetite waned on fears the U.S.-China trade war could worsen and the impact protests in Hong Kong may have on ties between the world's top two. . .  Full story

U.S. politics gives euro's global use a boost - ECB

13/06 The global use of the euro currency surged from record lows last year, mostly on a flight from the dollar due to the volatility of American politics and concerns about rising U.S. interest rates,. . .  Full story

Tanzania forecasts economic growth of 7.1% in 2019

13/06 Tanzania's economy is forecast to grow at 7.1% in 2019, from 7.0% last year, Finance Minister Philip Mpango told lawmakers on Thursday.. . .  Full story

Chinese vice premier urges more support for economy as trade war bites

13/06 Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid. . .  Full story

Asia Coffee-Vietnam prices rise 2.1% on week as farmers hold off selling

13/06 Vietnam's domestic coffee prices rose about 2.1% on Thursday from a week earlier, mainly on exchange rate fluctuations which prompted some farmers to refrain from selling.. . .  Full story

Rand slips on investigation into Ramaphosa campaign donation

13/06 South Africa's rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa's 2017 campaign for leader of the governing African National Congress (ANC). . .  Full story

S.Korean stocks slip amid increasing volatility; chip giants weigh

13/06 Round-up of South Korean financial markets:. . .  Full story

China Jan-May FDI up 6.8% y/y in yuan terms

13/06 Foreign direct investment (FDI) into China rose 6.8% in January-May to 369.06 billion yuan ($53.34 billion) compared with a year earlier, the Ministry of Commerce said on Thursday.. . .  Full story

IMF approves disbursement of $248.15 mln under Angola's credit facility

13/06 The International Monetary Fund said its board had completed the first review under Angola’s extended arrangement and approved a disbursement of $248.15 million, taking the total of such payments to about. . .  Full story

Swiss govt ups 2019 GDP forecast but warns of Brexit, Italy, trade risks

13/06 The Swiss government raised its 2019 economic growth forecast to 1.2% on Thursday but warned of risks to the global economy including the trade dispute between the United States and China, uncertainty over. . .  Full story

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

13/06 When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it's entering the establishment its creators sought. . .  Full story

Most weaken, tech gloom hits Korean won, Taiwan dollar

13/06 Most Asian currencies were weaker on Thursday, with a deteriorating outlook for the global memory chip industry hurting the South Korean won and Taiwan dollar. Regional risk appetite waned as. . .  Full story

Yuan inches lower, losses capped by regulator's stability pledge

13/06 China's yuan inched lower against the U.S. dollar on Thursday, reflecting a rise in the greenback overseas, but comments from regulators on keeping the local currency stable stopped it from sinking further.. . .  Full story

Credit Suisse, UBS have boosted capital positions - SNB

13/06 Switzerland's biggest banks, UBS and Credit Suisse, have improved their capital positions but must strengthen their crisis planning, the Swiss National Bank said on Thursday, citing conclusions of financial watchdog FINMA.. . .  Full story

Australia dlr dented as jobs data drive yields to historic lows

13/06 The Australian dollar slipped to a two-week trough on Thursday as a mixed set of local jobs data were taken as a green light for a rate cut as soon as July, driving bond. . .  Full story

S.Korea stocks drop as grim industry outlook hits chip giants

13/06 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index fell early on Thursday as a dimmer outlook of memory. . .  Full story

China will further open banking, securities and insurance sectors- regulator

13/06 China's top banking and insurance regulator said on Thursday the country plans to further open up its banking, securities and insurance sectors.. . .  Full story

Oil tumbles on demand worries; stocks hit by trade, economic fears

12/06 Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks.. . .  Full story

Argentine assets rally on Macri's running mate pick

12/06 Argentine stocks surged to all-time highs on Wednesday and the peso firmed over 2% as investors cheered President Mauricio Macri's choice of a moderate running mate that could broaden his voter base in the. . .  Full story

Loonie weakens as oil slides, trade war fears grow

12/06 The Canadian dollar weakened against its U.S. counterpart on Wednesday, extending its pull back from Monday's three-month high, as oil prices tumbled and investors worried that the trade dispute between the United States and China. . .  Full story

Gold climbs on Fed rate cut speculation, growth concerns

12/06 Gold prices gained momentum on Wednesday as the dollar dipped on speculation about the U.S. central bank cutting interest rates this year amid global economic growth concerns.. . .  Full story

Dollar gains as trade tensions, Fed policy in focus

12/06 The U.S. dollar gained on Wednesday as trade tensions and U.S. interest rate policy remained in focus after President Donald Trump expressed optimism over making a trade deal with China. The. . .  Full story

Politics weighs on South Africa's rand, stocks

12/06 South Africa's rand weakened against the dollar on Wednesday, extending earlier losses after mixed local data and the anti-graft ombudsman's calls for President Cyril Ramaphosa to respond to findings from an investigation into a bribe. . .  Full story

Leu eases though CPI remains high; dollar rebound hits forint

12/06 Central European currencies and stocks mostly fell as risk aversion increased amid the threat of the U.S.-China trade war and the dollar regained some ground after U.S. inflation data. The leu. . .  Full story

Sterling creeps up as UK opposition attempts to block no-deal Brexit

12/06 The pound rose towards a three-week high on Wednesday after Britain's main opposition party said it would try to introduce parliamentary legislation to prevent a no-deal Brexit.. . .  Full story

Far from "devalued", euro surges as trade war hits yuan

12/06 If evidence is needed of how far ripples from the Sino-U.S. trade war are reaching, have a look at Europe where the yuan's slump is driving up the euro's value against trade partners' currencies,. . .  Full story