Forex

Australian consumer prices lifted by taxes, COVID stimulus in Q4

03h14 Australian consumer prices rose a little faster than forecast last quarter as the unwinding of COVID-19 subsidies and higher tobacco taxes made an outsized impact, yet core inflation remained very much subdued.. . .  Full story

Dollar on the defensive with Fed's Powell likely to sound dovish note

02h36 The dollar was trapped on the back foot against major peers on Wednesday as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy.. . .  Full story

Asian shares set for mixed opening, eyes on Fed, stimulus

01h42 Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup after a Tuesday holiday.. . .  Full story

MARKETS-Stocks slip from highs; investors wait on Fed

26/01 Global stocks slipped from record levels on Tuesday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and U.S. lawmakers continued to debate a new stimulus plan.. . .  Full story

Dollar retreats as riskier currencies recover

26/01 The U.S. dollar edged lower across the board as traders showed a preference for riskier currencies on Tuesday, a day after worries over vaccine rollouts and the outlook for U.S. fiscal stimulus boosted demand. . .  Full story

Canadian dollar rallies as records fall on Wall Street

26/01 The Canadian dollar strengthened against its U.S. counterpart on Tuesday, recovering from an earlier eight-day low, as corporate earnings bolstered Wall Street and the greenback broadly declined. The loonie. . .  Full story

Czech central bank chief: no need to change policy at moment -E15

26/01 The Czech National Bank might raise interest rates this year, but probably not as fast as its current macroeconomic outlook suggests, Governor Jiri Rusnok was quoted as saying on Tuesday.. . .  Full story

Brazil's real jumps 2%; Argentine stocks shine

26/01 Brazil's real rose 2.2% on Tuesday in catch-up trade after a long weekend, although sentiment in Latin America was dampened by increased COVID-19 infections and concerns over fiscal health in the region.. . .  Full story

ECB's de Cos says euro zone first-quarter recovery still uncertain

26/01 The economic recovery both in the euro zone and Spain is still uncertain and uneven as the bloc is battling the impact from the COVID-19 pandemic, European Central Bank policymaker Pablo Hernandez de. . .  Full story

South African rand climbs 1%, stocks retreat from record highs

26/01 South Africa's rand firmed by more than 1% on Tuesday in a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about. . .  Full story

Crown hits 5-month high, forint extends losses

26/01 The crown rebounded to a five-month high on Tuesday after the Czech central bank kept open the chances of rate hikes this year, while other central European currencies weakened on concerns over roadblocks to. . .  Full story

Rebound in risk sentiment pulls sterling higher

26/01 Sterling pulled away from a one-week low against the dollar on Tuesday and also gained ground against the euro as rebounding risk appetite in broader asset markets weakened the U.S. currency.. . .  Full story

Hungary leaves rates steady, will ramp up bond purchases

26/01 The National Bank of Hungary (NBH) left interest rates unchanged on Tuesday as it expects inflation to pick up, and has pledged to increase its weekly government bond purchases.. . .  Full story

Nigeria's central bank holds benchmark lending rate at 11.5%

26/01 Nigeria's central bank held its benchmark lending rate at 11.5% on Tuesday at its first interest rate meeting of 2021, as it battles to combat rising inflation and a recession.. . .  Full story

Yields higher in weekly South African government bond auction

26/01 South Africa's government sold a total of 6.6 billion rand of its 2026, 2030 and 2048 bonds on Tuesday. Yields rose compared with the previous auctions.. . .  Full story

Sri Lankan shares slip from record highs, consumer staples weigh

26/01 Sri Lankan shares closed lower on Tuesday after hitting record highs earlier in the session, weighed down by industrials and consumer staples companies.. . .  Full story

Saudi in talks with COVID vaccine makers to supply Yemen, African states - finance minister

26/01 Saudi Arabia's finance minister said on Tuesday his country was talking to manufacturers to provide COVID-19 vaccines to low-income countries including Yemen and African states.. . .  Full story

S.African rand weakens on stimulus nerves; IMF forecast lifts lira

26/01 South Africa's rand weakened the most across emerging market currencies on Tuesday as investors stayed on sidelines on uncertainty over a $1.9 trillion U.S. stimulus plan, while the Turkish lira was supported by positive. . .  Full story

S.Korea, Indonesia, China slide over 1% on likely U.S. stimulus delay

26/01 South Korea, Indonesia and China stocks fell more than 1% and led the declines in Asian markets on Tuesday, as investors tempered hopes for the quick passage of $1.9 trillion in U.S. stimulus that. . .  Full story

S.Korea shares drop on liquidity fears in China, U.S. stimulus worries

26/01 Round-up of South Korean financial markets: ** South Korean stocks fell on Tuesday as foreign investors turned net sellers due to liquidity fears after China's central bank withdrew cash from its banking system and as. . .  Full story

China's short-term money rates jump to pre-COVID levels on tighter cash conditions

26/01 Short-term borrowing costs in China jumped to their pre-COVID 19 levels on Tuesday, pressured by the combination of the central bank's extended net drain of cash from the financial system and higher holiday demand.. . .  Full story

Yuan inches higher on tighter liquidity conditions

26/01 China's yuan inched higher against the dollar on Tuesday, underpinned by tighter cash conditions in domestic money markets following a spike in short-term borrowing costs. Demand for the local unit usually. . .  Full story

S.Korean stocks slump as U.S. stimulus worries outweigh Q4 GDP reading

26/01 Round-up of South Korean financial markets: ** South Korean shares tumbled on Tuesday, with heavyweights leading the declines, as concerns about U.S. stimulus outweighed optimism from the. . .  Full story

Some BOJ policymakers called for making ETF buying flexible, minutes show

26/01 Several Bank of Japan policymakers said the central bank must seek ways to make its risky asset purchases more flexible as the coronavirus pandemic prolongs its massive stimulus programme, minutes of its December meeting showed.. . .  Full story

'This is not normal' - Wall Street grows wary of stock bubbles

26/01 Growing concerns about stock bubbles on Wall Street are sparking fears of a pullback, highlighted by the wild ride for shares such as GameStop Corp .. . .  Full story

China should stop setting annual GDP targets, central bank adviser says

26/01 China should stop setting annual economic growth targets and instead focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, an adviser for the country's central bank said.. . .  Full story

Bitcoin, crypto inflows hit record last week -CoinShares

26/01 Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices,. . .  Full story

Stocks lag, dollar advances on COVID-19 concerns

25/01 Global stocks lagged and the dollar advanced in volatile markets on Monday, with sentiment hit by increasing COVID-19 cases, delays in vaccine supplies and uncertainty over a $1.9 trillion U.S. stimulus plan.. . .  Full story

Canadian dollar hits 1-week low as equity market volatility jumps

25/01 The Canadian dollar weakened to a one-week low against its U.S. counterpart on Monday, with equity market volatility triggering demand for the greenback as investors became jittery about prospects for U.S. fiscal stimulus.. . .  Full story

Dollar advances as investors shy away from risk

25/01 The dollar edged higher against a basket of currencies on Monday, as a burst of volatility in stock markets around the globe sapped investors' appetite for riskier currencies.. . .  Full story

Mexico peso hits 2-wk low after president tests positive for COVID-19

25/01 Latin American currencies weakened against the dollar on Monday as a spike in regional COVID-19 cases hurt appetite for risk-driven assets, with the focus turning to Mexico after President Andres Manuel Lopez Obrador tested positive. . .  Full story

Current cryptocurrencies unlikely to last, Bank of England governor says

25/01 No existing cryptocurrency has a structure that is likely to allow it to work as a means of payment over the long term, Bank of England Governor Andrew Bailey told an online forum hosted. . .  Full story

Sterling rises vs euro as German business morale slumps

25/01 Sterling strengthened on Monday against the euro which was knocked by a slump in German business sentiment in January, while Britain's COVID-19 vaccine rollout over the weekend offered support to the British currency.. . .  Full story

Russian rouble hits more than 1-month low as geopolitical risks bite

25/01 The Russian rouble gave up early gains to hit more than a one-month low on Monday in volatile trade, hampered by geopolitical risks related to the arrest of Kremlin critic Alexei Navalny and subsequent. . .  Full story

Time to pause? Wall St grows wary of some stock bubbles

25/01 Wall Street is abuzz about stock market bubbles as surges in the share prices of some loss-making firms, red-hot public markets and amateur investors chasing stocks at frothy valuations spark fears of a pullback.. . .  Full story

U.S. consumers expect spending to rebound strongly in one year, NY Fed survey finds

25/01 Household spending rose modestly over the last four months, but consumers' expectations for how much more they'll be able to spend a year from now surged, according to a survey released Monday by the. . .  Full story

ECB should think green when picking assets: policymakers

25/01 The European Central Bank should consider climate risk when buying assets or accepting them as collateral, top ECB policymakers said on Monday though Bundesbank President Jens Weidmann cautioned that price stability not saving the planet. . .  Full story

Sri Lankan shares end at record high as industrial, financial stocks gain

25/01 Sri Lankan shares hit another record high on Monday as industrial and financial stocks gained ahead of the rollout of COVID-19 vaccines in the country later this week.. . .  Full story

Bank of Israel vs the FX market: Can $30 billion stem the shekel's ascent?

25/01 The Bank of Israel spent $21 billion to try to stop the shekel's steep appreciation in 2020, with little success. How about $30 billion in 2021?. . .  Full story

ECB can price climate risk better than the market, Panetta says

25/01 The European Central Bank can price climate risk better than market participants and should make its own environmental analysis when conducting monetary policy, ECB board member Fabio Panetta said on Monday.. . .  Full story

Czech shares gain on PPF bid for MONETA Bank stake

25/01 Prague's blue chip index gained 1.9% on Monday, outperforming central European markets, as Czech billionaire Petr Kellner's PPF group made an attempt to buy into MONETA Money Bank, sparking a rally in its shares.. . .  Full story

Offshore investors net buyers of South African stocks and bonds

25/01 Offshore investors bought a net of 2.87 billion rand ($189 million) of South African stocks last week and 5.74 billion rand in bonds, data from the Johannesburg Stock Exchange showed on Monday. STOCKS. . .  Full story

Ugandan shilling stable amid muted demand from key sectors

25/01 The Ugandan shilling was stable on Monday, with demand from key sectors like manufacturing, telecoms and energy mostly muted, traders said.. . .  Full story

Japan's economy to recover to pre-pandemic levels next year, says BOJ's Kuroda

25/01 Japan's economy will likely recover to levels before the coronavirus pandemic as early as March next year, Bank of Japan Governor Haruhiko Kuroda said on Monday, offering an upbeat view on its recovery prospect. . .  Full story

Turkish lira leads EMEA FX gains, Rouble flat after steep losses

25/01 Turkey's lira led gains across emerging market currencies on Monday after the S&P posited a stable outlook for the country, while Russia's rouble traded flat after logging steep losses last week on geopolitical tensions.. . .  Full story

Foreigners suspend disbelief, edge back into Turkish markets

25/01 Foreign investors who for years saw Turkey as a lost cause of economic mismanagement are edging back in, drawn by the promise of some of the biggest returns in emerging markets if President Tayyip. . .  Full story

Indonesia stocks drop on rising virus toll, chipmakers boost S.Korea

25/01 Indonesia led most of Asia's emerging stock markets lower on Monday after coronavirus cases rose in the country, while a global shortage of chips pushed South Korean shares up more than 2%.. . .  Full story

Indonesia c.bank governor predicts signs of inflationary pressure in Q4

25/01 Indonesia's central bank said early signs of inflationary pressure might be seen in the fourth quarter, but the bank would not immediately raise interest rates in response, Governor Perry Warjiyo said on Monday.. . .  Full story

S.Korea shares post record closing high on chip boost, U.S. stimulus hopes

25/01 Round-up of South Korean financial markets:. . .  Full story

China's yuan edges up but COVID spread limits gains

25/01 China's yuan nudged higher against the U.S. dollar on Monday, but its moves were constrained against a backdrop of festering investor concerns over the spread of the novel coronavirus and higher Sino-U.S. tensions over Taiwan.. . .  Full story

S.Korea stocks push higher as investors eye U.S. economic stimulus

25/01 Round-up of South Korean financial markets: ** South Korean shares rose on Monday, led by chip giants Samsung Electronics and SK Hynix, while investors looked ahead to U.S. Federal Reserve policy meeting and mulled. . .  Full story

IMF says Iraq has requested emergency assistance, talks ongoing

25/01 Iraq has requested emergency assistance from the International Monetary Fund and talks are ongoing between the parties, the IMF said late on Sunday.. . .  Full story

ANALYSIS-As pandemic prolongs easing, BOJ warms to idea of wider band for yield target

25/01 The Bank of Japan is dropping hints it will consider allowing long-term interest rates to deviate further from its 0% target, a move that could undermine the purpose of its policy aimed at controlling. . .  Full story

China was largest recipient of FDI in 2020 - Report

25/01 China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in $163 billion. . .  Full story

Weak data, earnings drag stocks lower; oil falls

23/01 A gauge of stocks across the world slipped from record highs on Friday and the dollar edged up against a basket of peers as weak economic data and underwhelming earnings drove investors to reverse. . .  Full story

Canadian dollar gives back much of weekly gain as oil slides

22/01 The Canadian dollar weakened against its U.S. counterpart on Friday, giving back much of this week's gains, as new pandemic curbs in China weighed on oil prices and data added to evidence of Canada's. . .  Full story

Dollar gains after three-day fall as risk rally takes a breather

22/01 The dollar drifted higher on Friday after three straight days of losses, and riskier currencies fell, as bleak non-U.S. economic data gave global equity markets reason to pause after another week of record. . .  Full story

Stocks, oil fall on weak data, earnings

22/01 A gauge of stocks across the world slipped from record highs on Friday and oil prices fell to end the week little changed as weak economic data and underwhelming earnings drove investors to reverse. . .  Full story

Latam FX slides as dollar rises, Brazil real lags peers for the week

22/01 Most Latin American currencies fell on Friday after the dollar ended a three-day losing streak, with Brazil's real leading weekly losses among regional peers as worries grew about the state of the country's public. . .  Full story

Turkey's Erdogan says "absolutely" against high interest rates

22/01 Turkish President Tayyip Erdogan reaffirmed his strong opposition to high interest rates on Friday, a day after the central bank said it would maintain a tight monetary policy for "an extended period".. . .  Full story

Vowing budget control, Brazil faces pressure to keep spending

22/01 Brazil's government entered 2021 determined to slash last year's record budget deficit, but a devastating second wave of COVID-19 and fragile economic growth are piling the political pressure on President Jair Bolsonaro to keep spending.. . .  Full story

South Africa's rand weaker as risk rally fades, stocks soften

22/01 South Africa's rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell.. . .  Full story

FX traders brush off ECB talk, bet euro-dollar has further to run

22/01 How strong is the euro really? Despite European policymakers' alarm over its run to 2-1/2-year highs against the dollar, several factors governing exchange rates imply the single currency's bout of strength is far from over.. . .  Full story

Heavy drop in business activity and weak retail knock sterling

22/01 Sterling fell on Friday as Britain's third national lockdown sparked the sharpest drop in business activity since May, while data showed retail sales remained weak in December after store closures the previous month.. . .  Full story

ECB to delve into what 'favourable financing' means as questions mount - sources

22/01 European Central Bank policymakers are set to delve deeper at their next meeting into how they measure borrowing costs in the virus-hit euro zone economy after failing to reach an agreement this week, four sources. . .  Full story

Sri Lankan shares end at record high on optimism over AstraZeneca's virus vaccine nod

22/01 Sri Lankan shares closed at a record high on Friday, helped by gains in financial and consumer staples stocks, and as investors cheered the country's drug regulator giving emergency use approval to AstraZeneca's COVID-19 vaccine.. . .  Full story

Global chip shortage hits China's bitcoin mining sector

22/01 A global chip shortage is choking the production of machines used to "mine" bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.. . .  Full story

As pandemic prolongs easing, BOJ warms to idea of wider band for yield target

22/01 The Bank of Japan is dropping hints it will consider allowing long-term interest rates to deviate further from its 0% target, a move that could undermine the purpose of its policy aimed at controlling. . .  Full story

Stocks weaken, most currencies ease as risk-on rally halts

22/01 Central European stocks weakened and most currencies eased on Friday as the risk-on sentiment of the week fuelled by U.S. stimulus hopes faded, stopping the weakening of the dollar and recent gains in equities.. . .  Full story

Nudging lower: Emerging market central banks extend easing cycle in December

22/01 Emerging market central banks revisited interest rate cuts in December, extending an easing cycle that started in 2019 and had exceeded the cuts during the 2008 financial crisis and the 2010 euro crisis.. . .  Full story

EMEA FX risk rally pauses, but weekly gains on tap

22/01 Most emerging market currencies in Europe, the Middle East and Africa fell on Friday as a risk rally paused, but were still set for weekly gains on the back of supportive central bank actions. . .  Full story

Equities correction coming after "extreme" rally, inflows - BofA

22/01 Investors once again stormed into stocks last week with inflows in the last three months soaring to a record $255 billion, BofA's weekly flow data showed on Friday, prompting investors to warn about a. . .  Full story

Indonesian shares slide nearly 2% as virus death toll mounts

22/01 Indonesian shares were the worst hit among Asia's emerging stock markets on Friday after a record rise in domestic COVID-19 deaths, while the region's currencies took a breather from recent gains as the dollar. . .  Full story

S.Korea shares slip on profit-taking; post 11th weekly gain in 12

22/01 Round-up of South Korean financial markets:. . .  Full story

Vaccine races and currency wars: Mike Dolan

22/01 A collision of vaccine races, early policy reversal and even currency wars could well give investors a headache this year.. . .  Full story

Bitcoin heads for worst weekly loss in months

22/01 Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs.. . .  Full story

China's yuan eases, set for weekly rise on dollar weakness

22/01 China's yuan slipped on Friday amid worries over Sino-U.S. relations, but was set for a slight weekly gain amid dollar weakness. The People's Bank of China set the midpoint. . .  Full story

New Zealand c.bank postpones statistics releases after cyber hack

22/01 New Zealand's central bank said on Friday that it will postpone publication of most of its statistical data releases for a number of weeks while it investigates a cyber attack that led to a. . .  Full story