Forex

South Africa's FDI inflows reach five-year high in 2018

20/03 South Africa's foreign direct investment more than doubled in 2018 to reach its highest in five years, the central bank said on Wednesday, giving a boost to President Cyril Ramaphosa's pledge to woo investors to help revive a struggling economy.  Full story

BOK chief says Fed's shift eased uncertainties; sees no rate cut for Korea yet

02h55 South Korea's central bank chief said on Thursday the U.S. Federal Reserve's decision to abandon projections for any interest rate hikes this year eased uncertainties for Korean policymakers.. . .  Full story

Dovish Fed shift lifts Asian shares, dollar nurses losses

02h45 Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains.. . .  Full story

Inside the Fed's balance sheet in four charts

01h57 The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September.. . .  Full story

NZ GDP picks up but soft prices keep rates outlook benign

01h51 New Zealand's economy rebounded last quarter as households splurged on everything from eating out to vacations, but there were few signs of inflation, suggesting policy will remain accommodative for some while yet.. . .  Full story

Dollar flattened in rush to wager on Fed rate reversal

01h26 The dollar nursed heavy losses in Asia on Thursday after the Federal Reserve stunned markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be. . .  Full story

May urges parliament to back her on Brexit, tells Britons "I'm on your side"

20/03 Prime Minister Theresa May made an impassioned appeal to British lawmakers to support her on Wednesday after the European Union said it could only grant her request to delay Brexit for three months if. . .  Full story

World shares dip in wobbly session; pound slides, oil jumps

20/03 A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks.. . .  Full story

Fed announces plan to end balance sheet runoff in September

20/03 The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession.. . .  Full story

Dollar slammed by dovish Fed; pound remains weak

20/03 The U.S. dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held U.S. interest rates steady and its policymakers abandoned projections for further rate hikes this year as the. . .  Full story

Palladium scales new peak; gold up as Fed leaves rates steady

20/03 Palladium hit an all-time high on Wednesday on concerns over tight supplies of the autocatalyst metal, while gold reversed course to rise after the U.S. Federal Reserve kept interest rates unchanged.. . .  Full story

Pound weakens as May's faces resistance for three-month Brexit extension

20/03 Sterling fell on Wednesday after British Prime Minister Theresa May's request to delay Brexit until June 30 faced resistance from parts of the European Union.. . .  Full story

Latam stocks fall ahead of Fed meeting, forex mixed

20/03 Latin American stocks fell in broad-based declines on Wednesday as investors avoided riskier assets ahead of a U.S. Federal Reserve rate decision and outlook later in the day. Currencies in. . .  Full story

Forint retreats from 11-month high on Brexit, Fidesz worries

20/03 The forint sharply reversed a rise to 11-month highs against the euro on Wednesday, reflecting concerns of Britain quitting the European Union without a deal and of Hungary's ruling party Fidesz leaving the bloc's centre-right. . .  Full story

C$ near flat after budget provides subdued fiscal lift

20/03 The Canadian dollar was little changed against the greenback on Wednesday ahead of an interest rate decision from the Federal Reserve and after Canada's federal budget fell short of the amount of stimulus that. . .  Full story

Foreigners sell Danish shares after Danske Bank scandal - c.bank

20/03 Foreign investors sold Danish shares worth almost $14 billion in 2018 following a money laundering scandal at the country's largest lender Danske Bank , Denmark's central bank governor said on Wednesday.. . .  Full story

Italy looks to issue Panda bond as Xi Jinping visits Rome

20/03 Italy is looking to build on its economic and commercial ties with China by becoming the first Group of Seven major industrialised nation to borrow in the Chinese $12-trillion bond market, sources said.. . .  Full story

Emerging market stocks dip, FX holds course ahead of Fed meet

20/03 Emerging market stocks lost steam on Wednesday, slipping for the first time in four sessions, while developing world currencies held an even keel as investors awaited the U.S. Federal Reserve's rate decision and outlook. . .  Full story

Likely Brexit delay ushers more uncertainty for the pound

20/03 Sterling fell by a third of a percent on Wednesday as investors remained wary about the prospects of the British currency as Prime Minister Theresa May requests a short delay to Brexit after her. . .  Full story

Kazakh tenge slips after veteran president resigns

20/03 Kazakhstan's tenge currency edged down 0.6 percent on Wednesday following the surprise resignation of veteran leader Nursultan Nazarbayev, who has run the central Asian nation for three decades.. . .  Full story

Thai c.bank holds key rate, cuts growth outlook as exports sag

20/03 Thailand's central bank cut its forecasts for 2019 economic growth and exports for the second time in three months on Wednesday, but kept its benchmark interest rate unchanged, saying domestic demand is picking up some. . .  Full story

South Africa's central bank likely to hold rates on March 28

20/03 South Africa's Reserve Bank is expected to leave interest rates unchanged next week, and with a weak currency threatening to stoke inflation, it probably won't cut rates this year, a Reuters. . .  Full story

South Africa's rand stutters as electricity crisis weighs

20/03 South Africa's rand edged lower on Wednesday, lagging gains in its emerging market counterparts, as the prospect of rolling blackouts and bleak demand for local currency dented sentiment.. . .  Full story

Thai c.bank holds key rate, cuts 2019 growth, export forecasts

20/03 Thailand's central bank held its benchmark interest rate steady for a second straight meeting on Wednesday as expected, and cut its forecasts for economic growth and exports this year.. . .  Full story

S.Korean stocks wipe out early losses; won steady

20/03 Round-up of South Korean financial markets:. . .  Full story

Foreign investors turned net buyers of Asian bonds in February

20/03 Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a. . .  Full story

Most Asia units slip on trade talk uncertainty; Fed decision eyed

20/03 Most emerging Asian currencies weakened fractionally on Wednesday, as investors awaited a U.S. Federal Reserve policy statement and a media report on Sino-U.S. trade talks dented sentiment. Bloomberg reported on Tuesday. . .  Full story

Yuan eases amid dollar gains, fresh trade talk worries

20/03 China's yuan eased against the U.S. dollar on Wednesday as market sentiment soured on reports of renewed tensions in Sino-U.S. trade negotiations. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven. . .  Full story

S.Korea stocks drop as investors assess trade talks, Fed meeting

20/03 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index dropped on Wednesday as uncertainty over developments in the Sino-U.S.. . .  Full story

Australia, NZ dollars dragged down as bond yields hit new depths

20/03 The Australian and New Zealand dollars slipped on Wednesday as bond yields extended their breakneck decline to multi-year lows amid speculation interest rates in both countries would have to be cut in coming months.. . .  Full story

Most Latam stocks fall, FX awaits Fed outcome

19/03 Most Latin American stocks fell on Tuesday as investors digested mixed signals regarding the progress in U.S.-China trade negotiations, while regional currencies awaited the outcome of a U.S. Federal Reserve meeting for a clear direction.. . .  Full story

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

19/03 Stocks across the globe rose for a seventh straight session on Tuesday despite late selling on Wall Street, while the pound wobbled against the dollar as traders expected European Union officials would allow Britain. . .  Full story

Dollar weak as traders bet on a dovish Fed

19/03 The U.S. dollar edged lower against a basket of major currencies on Tuesday as concerns over the strength of the U.S. economy and expectations that the Federal Reserve will prove accommodative at its meeting. . .  Full story

Federal Reserve likely to disappoint policy doves -Weeden strategist

19/03 Dovish investors are going to be disappointed by the Federal Reserve's policy-setting open market committee who are meeting now and should hedge against policy outcomes likely to rattle global markets, Weeden & Co. derivatives strategist. . .  Full story

Sterling pressured as Britain's May tries to agree Brexit extension

19/03 The pound reversed earlier gains on Tuesday on concerns that Prime Minister Theresa May's request for postponing Brexit was running into complications with the European Union.. . .  Full story

The sooner we vote on May's Brexit deal the better -UK minister

19/03 British environment minister Michael Gove said on Tuesday the sooner parliament voted again on whether to approve Prime Minister Theresa May's Brexit deal the better.. . .  Full story

Sri Lanka shares fall to more than 6-year low on foreign selling; rupee weaker

19/03 Sri Lanka's share index fell for the third straight session on Tuesday to a more than 6-year closing low in light trading volume with foreign investors on the selling side, as the market awaits. . .  Full story

Russia backs global use of its alternative SWIFT system

19/03 Russian lawmakers on Tuesday backed the international use of a Russian alternative system for the global financial messaging network SWIFT designed by Moscow to eliminate the risk of Western sanctions.. . .  Full story

Broker TP ICAP prepares for no-deal Brexit with extra staff in Paris

19/03 TP ICAP is putting extra broking staff into its European offices outside London to help clients deal with any disruptions if Britain exits the trading bloc without a deal.. . .  Full story

No-deal Brexit could have 'significant' but not 'excessive', cost for Spain - central bank

19/03 If Britain were to leave the European Union without a deal, it could have a "significant", but not "excessive" effect on the Spanish economy, the Bank of Spain said on Tuesday.. . .  Full story

Forint outperforms, Czech rate hike bets fade

19/03 The forint tested 10-month highs on Tuesday, buoyed by expectations that the National Bank of Hungary ill tighten policy for the first time in seven years next week. The forint was. . .  Full story

Sterling stands tall after jobs data; Brexit delay eyed

19/03 The pound held firm near the day's highs on Tuesday after data showed that British employers increased their hiring at the fastest pace in three years, while broad uncertainty on Brexit negotiations kept investors sidelined.. . .  Full story

Swiss National Bank unites economists in expecting rate freeze

19/03 The Swiss National Bank will leave its ultra-loose policy alone on Thursday, said all the economists polled by Reuters, and most don't expect any change until at least 2021.. . .  Full story

Emerging market stocks rise, FX firms ahead of Fed meet

19/03 Emerging market stocks hit a six and a half month peak on Tuesday and developing world currencies firmed against a soft dollar on expectations the U.S. Federal Reserve will strike a dovish stance. . .  Full story

Egypt targets budget deficit of 7.2 pct, GDP growth of 6.1 pct in FY 19/20 -minister

19/03 Egypt is targeting a budget deficit of 7.2 percent and GDP growth of 6.1 percent in the 2019-2020 financial year, Finance Minister Mohamed Maait said on Tuesday on the sidelines of an industry conference.. . .  Full story

EU leaders unlikely to grant Brexit delay this week-ITV political editor

19/03 European Union leaders are unlikely this week to grant an extension to Britain's departure date from the bloc, ITV political editor Robert Peston said on Tuesday.. . .  Full story

South Africa's rand steady, investors eye Fed meeting

19/03 South Africa's rand traded flat on Tuesday as the dollar sagged on expectations the Federal Reserve would adopt a dovish outlook this week and concerns about slower U.S. economic growth.. . .  Full story

Zimbabwe finmin sees inflation below 10 pct by year-end

19/03 Zimbabwe's annual inflation is expected to slow down to below 10 percent by the year-end on expectations that the government will cut the budget deficit by half, and reduce money supply. . .  Full story

S.Korean stocks muted ahead of Fed meeting; won rises

19/03 Round-up of South Korean financial markets:. . .  Full story

EM ASIA FX-Most Asian units advance ahead of Fed meeting

19/03 Most emerging Asian currencies strengthened against a weaker dollar on Tuesday, on expectations that the U.S. Federal Reserve will confirm a dovish stance, amid slowing global growth, at a policy meeting beginning later in the. . .  Full story

Yuan slips before Fed meeting, offshore interbank rate at 4-month high

19/03 China's yuan inched lower against the dollar on Tuesday, as there was some corporate buying of the greenback but trading volume was light as the market awaited results of the U.S. Federal Reserve policy meeting. . .  Full story

Australia, NZ dlrs mark time for Fed, domestic data tests

19/03 The Australian and New Zealand dollars marked time on Tuesday as investors counted down to what is expected to be an accommodative U.S. policy meeting, while domestic events added to the chance of stimulus. . .  Full story

S.Korea stocks seesaw ahead of Fed meeting; won gains

19/03 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index oscillated between positive and negative terrain on Tuesday in line. . .  Full story

C$ near flat ahead of federal budget, Fed rate decision

18/03 The Canadian dollar was little changed against the greenback on Monday as investors weighed the potential impact of Tuesday's federal budget on Canada's fiscal deficit and bet that the U.S. Federal Reserve will strike. . .  Full story

UK reaches post-Brexit trade agreement with Iceland and Norway

18/03 Britain on Monday reached an a deal with Iceland and Norway to allow trade to continue unchanged if it leaves the European Union without a deal, trade minister Liam Fox said.. . .  Full story

IMF staff approves Argentina funds, wants more spending cuts

18/03 The International Monetary Fund has reached a staff-level agreement with Argentina over its third review of the country's economic progress under a financing deal agreed last year, the IMF said on Monday, which would unlock. . .  Full story

Dollar steady ahead of Fed's interest rate decision

18/03 The U.S. dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback. . .  Full story

Palladium peaks on supply crunch, gold steadies above $1,300

18/03 Palladium touched an all-time high on Monday, continuing a strong run this year on a supply shortfall of the autocatalyst material, while gold held above the key $1,300-per-ounce level on expectations the U.S. Federal. . .  Full story

Third time unlucky? Pound falls as parliament bans another vote on same Brexit deal

18/03 Sterling dropped below $1.32 on Monday after the speaker of Britain's parliament said Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was submitted.. . .  Full story

Latam currencies rise, Brazil stocks test new highs

18/03 Currencies in Latin America rose on Monday as the dollar slipped on prospects of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week, while stocks in Brazil tested. . .  Full story

Stocks rise, dollar slips as traders price in accommodative Fed stance

18/03 Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at. . .  Full story

Pound falls as lawmakers challenge PM May's Brexit deal before third vote

18/03 The pound fell towards $1.32 on Monday as Prime Minister Theresa May tried to salvage her Brexit deal by winning over doubtful lawmakers with threats and promises to avoid any move to oust her.. . .  Full story

Russian central bank seen holding key rate at 7.75 pct on Friday

18/03 The Russian central bank is seen keeping its key interest rate unchanged on Friday as inflation this year has so far been weaker than initially expected, requiring no additional rate hikes, a Reuters poll showed. . .  Full story

China simplifies rules on cross-border flows for multinationals

18/03 China's foreign exchange regulator on Monday published rules aimed at facilitating cross-border capital flows for multinational corporations operating in the country.. . .  Full story

"Grey rhino" risks in China's financial sector rising - c.bank official

18/03 The "grey rhino" risks in China's financial sector are rising and regulators will step up efforts to control them, a senior official at the People's Bank of China said in remarks published on Monday.. . .  Full story

Leu firms as Romania pledges avert threat of S&P downgrade

18/03 The leu extended gains on Monday after Standard & Poor's affirmed Romania's stable credit rating outlook on Friday, averting the threat of a downgrade over a controversial tax plan. The. . .  Full story

What is Britain's next move on Brexit?

18/03 British Prime Minister Theresa May is expected this week to try to persuade parliament to approve her Brexit deal at the third time of asking, before heading to Brussels to request a short delay. . .  Full story

Kenyan shilling under pressure from importer demand

18/03 The Kenyan shilling was under pressure against the dollar on Monday amid dollar demand from oil and merchandise importers, traders said.. . .  Full story

Emerging market stocks, FX buoyed by hope of dovish Fed

18/03 Emerging market stocks and currencies each hit two-and-a-half week peaks on Monday, after U.S. data on Friday raised hopes of a dovish stance from the Federal Reserve at its meeting this week.. . .  Full story

Indonesia c.bank seen holding key rate despite low inflation

18/03 Indonesia's central bank is widely expected to keep interest rates unchanged for a fourth straight month on Thursday, despite inflation falling to its lowest pace in nearly a decade, a Reuters poll showed.. . .  Full story

South Africa's rand weakens on continued rolling power cuts

18/03 South Africa's rand weakened slightly early on Monday as continued rolling power cuts from the state-owned power utility weighed on market sentiment ahead of local and international economic data due later. . .  Full story

S.Korean stocks end marginally higher on profit taking; won gains

18/03 Round-up of South Korean financial markets:. . .  Full story

Carry on: central bank signals leave 'carry' traders chasing more

18/03 Collapsing asset price volatility has turned 'carry trading' into one of investors' top plays of 2019. Many reckon the run is far from over.. . .  Full story

Most Asian currencies rise as U.S. data weighs on dollar

18/03 Most emerging Asian currencies gained on Monday against the dollar, which fell as weak U.S. economic data triggered speculation the Federal Reserve would strike a dovish tone at its policy meeting this week.. . .  Full story

Yuan inches up as dollar pressured ahead of Fed meeting

18/03 China's yuan inched up against the dollar on Monday as further signs of receding economic momentum in the United States suggested the Federal Reserve could take a distinctly dovish turn at its meeting later this. . .  Full story

Australian dollar at 2-week top, kiwi rises on easy Fed bets

18/03 The Australian and New Zealand dollars rose on Monday for a second straight session as the greenback eased on bets the U.S. Federal Reserve would keep policy accommodative at its meeting this week.. . .  Full story

Brexit crisis tipped for British asparagus as EU seasonal workers stay away

18/03 For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England.. . .  Full story

S.Korea stocks tread water ahead of Fed meeting

18/03 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index barely moved on Monday as weaker-than-forecast U.S. economic data cemented investors'. . .  Full story

Egyptian pound appreciates to highest in over two years

17/03 The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country.. . .  Full story

Northern Irish DUP edges towards backing UK PM's Brexit deal - Spectator magazine

16/03 The Northern Irish party that is crucial to Prime Minister Theresa May's hopes of getting her twice-defeated Brexit deal through parliament is likely to support it in a third vote next week, the Spectator. . .  Full story

Arch-eurosceptic Farage leads march over Brexit betrayal

16/03 Nigel Farage, the politician who probably did more than anyone else to force Britain's referendum on membership of the European Union, joined protesters at the start of a 270-mile march over what they call a. . .  Full story

Foreigners sell U.S. Treasuries for 3rd month in January -data

16/03 Foreign investors sold U.S. Treasury bonds and notes for a third straight month in January, data from the U.S. Treasury department showed on Friday, a trend that has been in place for several years.. . .  Full story

Latam shares and currencies rise, Argentine peso up 2 pct

15/03 Latin American shares rose on Friday, tracking a global rally spurred by U.S.-China trade optimism, while currencies firmed as weak U.S. economic data hit the dollar. MSCI's index of Latin American. . .  Full story

GLOBAL MARKETS-Stocks gain on trade, Brexit optimism, dollar slides

15/03 A gauge of global equity markets hit a five-month high on Friday on investor optimism over U.S.-Chinese trade talks and hopes a new Brexit vote next week will prove successful, but the dollar headed. . .  Full story

Trump's trade war cost U.S. economy $7.8 billion in 2018 -study

15/03 President Donald Trump's trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.. . .  Full story

Dollar has worst week of 2019, sterling off nine-month highs

15/03 The dollar fell broadly on Friday and was set for its biggest weekly drop in more than three months, dragged lower by weak U.S. economic data, while sterling was slightly below its highest level. . .  Full story

Palladium soars to record, gold moves back up above $1,300/oz

15/03 Palladium set a fresh record high on Friday amid expectations that China's economic stimulus would drive demand for the autocatalyst metal, while news that Russia may ban exports of precious metal scraps compounded worries. . .  Full story

Argentina seeks market makers to help stabilize the peso - sources

15/03 Argentina's central bank wants to license market makers to help stabilize its embattled peso currency when the Treasury starts newly announced dollar sales in April, two people with direct knowledge of the plans told Reuters. . .  Full story

Sterling has best week since January as PM May pushes Brexit deal

15/03 The British pound rose on Friday, posting its best week since January, as Prime Minister Theresa May tried to convince eurosceptics to back her deal to exit the European Union in a third parliamentary. . .  Full story

Honda says any Brexit delay must be long enough to give stability

15/03 Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a "worst-case scenario" no-deal Brexit after lawmakers backed postponing Britain's exit from the. . .  Full story

Spain's Aena, Zuric Airports win auctions to operate Brazil airports

15/03 Spain's Aena SME SA and Switzerland's Flughafen Zuerich on Friday won the right to operate two key airport groups in Brazil, in one of the first tests of President Jair Bolsonaro's ability to attract foreign. . .  Full story

Tightening the screws: Wall Street eyes high rates, peso strength after Argentina's hawkish turn

15/03 Argentina's world-high interest rates are likely to stay elevated, while its currency could be bolstered by central bank moves to tighten monetary policy, Wall Street analysts said on Friday after the country unrolled measures to. . .  Full story

Russian rouble firms towards 5-month high vs dollar

15/03 The Russian rouble rallied on Friday to its strongest level since October 2018, helped by month-end tax payments, which usually prompt export-focused companies to convert their foreign currency to meet local liabilities.. . .  Full story

Eskom says South African power cuts to last till Sunday

15/03 South Africa's struggling state power firm Eskom said power cuts would continue until Sunday and warned that further cuts were likely next week, underscoring the risks to businesses in Africa's most. . .  Full story

C$ pares weekly gain as oil falls, home sales tumble

15/03 The Canadian dollar weakened against its U.S. counterpart on Friday, reducing its gains for the week as oil prices fell and domestic data showed a steep drop in home sales. Canadian. . .  Full story

Brexit delay for what? EU leaders want answers, Ireland says

15/03 Many European Union leaders want a clear idea of how Britain would use any extension to the Brexit process before granting a delay, Irish finance minister Paschal Donohoe said on Friday.. . .  Full story

Romania's leu buoyed by expectations of benign S&P report

15/03 Romania's leu extended its gains against the euro on Friday after rebounding from six-week lows in the previous session, supported by expectations of a benign report from Standard & Poor's on the country's credit rating. . .  Full story

Honda says Brexit delay must be purposeful and long enough to give stability

15/03 Japanese carmaker Honda said any delay to Brexit must be "purposeful" and long enough to give business stability, after British lawmakers voted to seek a delay to Britain's exit from the European Union.. . .  Full story