Forex

Dollar climbs after jobs data but logs 7th straight weekly fall

07/08 The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines.. . .  Full story

Dollar gains, stocks ebb after jobs data halts rally

07/08 The dollar bounced off two-year lows and a gauge of global equity markets halted its march toward a record high on Friday, as better-than-expected U.S. jobs growth in July was tempered by the. . .  Full story

U.S. stocks to rise regardless of Trump or Biden win, Guggenheim CIO says

07/08 Easing uncertainty will likely drive U.S. stocks higher after the Nov. 3 presidential election, regardless of whether Democratic candidate Joe Biden or Republican President Donald Trump wins, Scott Minerd of Guggenheim Investments said.. . .  Full story

Chile's peso drops 2% to lead losses among Latam FX; Mexican peso outperforms

07/08 Latin American currencies fell on Friday, with Chile's peso looking to post its biggest intraday drop in seven weeks as the dollar gained on its safe haven appeal after U.S. jobs data showed an. . .  Full story

C$ falls as trade spat with U.S. raises 'downside risk' for currency

07/08 The Canadian dollar fell against its broadly stronger U.S. counterpart on Friday as a trade squabble between Canada and the United States offset stronger-than-expected domestic jobs data, with the loonie giving back much of this. . .  Full story

'Bull everything' rally leaves investors wondering what to own

07/08 With assets of all stripes rallying and the S&P 500 Index approaching fresh records, investors are facing a dilemma: stay in or get out.. . .  Full story

Ratings agencies warn Turkey it may need to hike rates

07/08 Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options to defend the lira, which plumbed new depths against the. . .  Full story

South Africa's rand falls, stocks snap bull run

07/08 South Africa's rand fell on Friday as the dollar regained momentum and the country's stock market corrected by over a percent, dragged down by bourse heavyweight Naspers Ltd.. . .  Full story

Turkey mounts new defence of lira as locals snap up dollars

07/08 Turkey's central bank squeezed some credit channels and signalled on Friday it would do more backdoor policy tightening to arrest a record drop in the lira, as data showed Turks snapped up more foreign currencies. . .  Full story

Dollar rebound spoils sterling's rally

07/08 Sterling resumed its role as a risk-driven currency on Friday and was on track for its biggest daily fall since June against the dollar, as global market sentiment turned sour after the latest standoff. . .  Full story

Sri Lankan shares retreat from session highs as consumer staples drag

07/08 Sri Lankan shares closed flat on Friday, as losses in consumer staples stocks offset gains made during the session after parliamentary elections handed President Gotabaya Rajapaksa and his older brother an overwhelming majority.. . .  Full story

ANALYSIS-Picking pennies: Dollar slump lifts U.S. bond returns for foreigners

07/08 A 10% decline in the value of the U.S. dollar since March has boosted returns for foreign investors in the world's largest government bond market at a time when U.S. Treasury yields are near. . .  Full story

Hungary's stock market outperforms region as OTP Bank jumps on Q2 profit

07/08 Most Central European assets moved sideways on Friday with Hungary's stock market bucking the trend, driven higher by shares of OTP Bank which reported a profit for the second quarter and was upbeat about the. . .  Full story

Ugandan shilling firm, draws support from offshore investor flows

07/08 The Ugandan shilling traded firmer on Friday on the back of hard currency inflows from offshore investors buying Ugandan debt and subdued appetite from merchandise importers.. . .  Full story

Stocks hit as Sino-U.S. tensions spike, Turkish lira in the doldrums

07/08 Emerging market stocks fell on Friday, after U.S. President Donald Trump issued bans on popular Chinese apps, further escalating tensions with Beijing, while the Turkish lira hit a fresh record low in a new. . .  Full story

Trump attack on Chinese apps adds to virus woes across Asia

07/08 Tensions over a planned U.S. ban on major Chinese apps kept most Asian markets subdued on Friday, with Philippine stocks suffering an added blow from a jump in coronavirus infections that made its caseload. . .  Full story

South African central bank cuts bond buys to 2.5 bln rand in July

07/08 The South African central bank further cut its government bond purchases in July, buying 2.5 billion rand ($142 million) worth, or half the amount it bought in June, to bring its. . .  Full story

South Africa's rand on the ropes as emerging market risks increase

07/08 South Africa's rand traded nearly 1% weaker early on Friday, near its lowest in 10 weeks, amid souring emerging market sentiment led by Turkey's currency crisis and increased tension between China. . .  Full story

S.Korean stocks rise ahead of U.S. jobs data; U.S.-China tensions weigh

07/08 Round-up of South Korean financial markets:. . .  Full story

South Africa's net foreign reserves rose to $48.1 bln in July

07/08 South Africa's net foreign reserves rose to $48.114 billion in July from $45.738 billion in June, the Reserve Bank said on Friday.. . .  Full story

Money for (almost) nothing for top firms surviving pandemic :Mike Dolan

07/08 For all the corporate minefields left by this year's pandemic, central banks have succeeded in making borrowing for the world's most robust companies virtually free - underlining the V-shaped rebound in blue-chip stock indices.. . .  Full story

Yuan off 5-month high as Sino-U.S. disputes dent sentiment

07/08 The yuan on Friday eased from a five-month high hit a day earlier as deteriorating Sino-U.S. relations dented investor sentiment, and the U.S. was broadly stronger against major currencies. U.S. President. . .  Full story

Australian dollar set for seventh weekly gain as US$ sags

07/08 The Australian dollar eased from 18-month highs on Friday but was poised for its seventh straight weekly gain as the U.S. dollar seemed stuck in a long-term downtrend, sending commodity prices through the roof.. . .  Full story

New Zealand c.bank seen holding rates, may expand easing

07/08 New Zealand's central bank is likely to hold rates steady. . .  Full story

China July yuan-denominated exports rise 10.4% y/y, imports up 1.6% - state media

07/08 China's yuan-denominated exports in July rose 10.4% from a year earlier, while imports increased 1.6% on year, state TV reported on Friday, citing customs data.. . .  Full story

S.Korea stocks edge up as investors await U.S. stimulus, jobs data

07/08 Round-up of South Korean financial markets: ** South Korean shares on Friday tracked global equities higher, as investors awaited the next U.S. fiscal aid package to bolster. . .  Full story

Most Asian currencies weaker, Thai baht falls most

07/08 The following table shows rates for Asian currencies against the dollar at 0215 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous. . .  Full story

Stocks rise, yields slip as investors await stimulus

06/08 Global equity markets edged higher and bond yields eased off earlier lows on Thursday as investors awaited word on a new U.S. aid package to counter economic fallout from the coronavirus crisis.. . .  Full story

Dollar edges up after hitting 2-year low; jobs data in focus

06/08 The dollar was a tad higher on Thursday after hitting a two-year low earlier in the session and as investors digested mixed data on U.S. jobless claims ahead of Friday's nonfarm payrolls report.. . .  Full story

Brazil's real slides after rate cut; other Latam FX firm

06/08 Brazil's real slumped on Thursday after the country's central bank slashed its key lending rate to help an economy devastated by the coronavirus pandemic, while most other Latin American currencies traded flat to higher. . .  Full story

C$ pulls back from 5-month high ahead of key jobs data

06/08 The Canadian dollar weakened against the greenback on Thursday as oil prices fell and investors awaited U.S. and domestic jobs data, with the currency retreating from a five-month high reached the day before.. . .  Full story

South Africa's rand slips to 10-week low, stocks continue bull run

06/08 South Africa's rand fell to its lowest in 10 weeks on Thursday, as investors' risk appetite dwindled and the dollar found some support after data showed U.S. jobless claims fell slightly in the latest. . .  Full story

CEE MARKETS-Crown rally reverses as central bank holds rates in place

06/08 The Czech crown retreated from a multi-month high on Thursday after the central bank held interest rates steady and signalled stability at least until mid-2021, stalling the currency's advance. Other central. . .  Full story

Czech central bank sees stable rates over next year amid slower recovery

06/08 The Czech National Bank kept interest rates unchanged on Thursday and signalled they were likely to stay on hold until at least mid-2021 after a series of deep cuts to borrowing costs to try. . .  Full story

Pound at five-month high as central bank strikes a less gloomy note

06/08 Sterling rose to a five-month high against the dollar and headed for $1.32 after the Bank of England struck a less pessimistic tone on the coronavirus-battered British economy.. . .  Full story

Pakistan reserves increase $567 mln to $12,542.2 week ending July 30

06/08 Pakistan's foreign exchange reserves increase $567 million to $12,542.2 million in the week ending July 30, compared to $11,975.6 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Indonesia c.bank buys 82.1 trln rupiah of govt bonds, first burden-sharing transaction

06/08 Indonesia's central bank has bought 82.1 trillion rupiah ($5.63 billion) of government bonds in a private placement, the first transaction under a COVID-19 burden-sharing scheme with the government, Finance Ministry said in a statement on. . .  Full story

Egypt's Suez Canal revenues up 4.7% in last 5 years - chairman

06/08 Egypt's revenues from the Suez Canal have risen by 4.7% since the inauguration of a major extension project five years ago, compared with the previous five years, Canal Authority Chairman Osama Rabie said on Thursday.. . .  Full story

Turkey's tumbling lira tests Erdogan's rate resolve

06/08 Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Tayyip Erdogan hired him to lift Turkey out of a recession and currency crisis.. . .  Full story

STATEMENT

06/08 . . .  Full story

Sri Lankan shares end near 5-mth high as industrials, financials gain

06/08 Sri Lankan shares ended at near five-month highs on Thursday, lifted by industrial and financial stocks, as the country counts votes for a parliament election which President Gotabaya Rajapaksa's party is widely expected to. . .  Full story

Negative rates in BoE toolbox, but no plans to use them, BoE's Bailey says

06/08 Britain's central bank said it saw no immediate case to cut interest rates below zero on Thursday as it warned the economy would take longer to recover from its COVID slump than it previously. . .  Full story

Fresh U.S. pandemic stimulus should be more targeted: Raghuram Rajan

06/08 The United States should take a more targeted approach with its new pandemic aid so it can save ammunition in case of a future economic slowdown or a second wave of infections, former Reserve. . .  Full story

Japan's large banks to look at building settlement system for small payments

06/08 Japan's three biggest banks and two smaller banks are starting talks on building a common settlement infrastructure for small payments, with the aim of cutting interbank fees, they announced on Thursday.. . .  Full story

Ugandan shilling stable as liquidity mop-up offers support

06/08 The Ugandan shilling traded stable on Thursday helped by removal of excess local currency liquidity in the money markets via a repurchase agreement (repo) and a deposit auction.. . .  Full story

Stocks gain on stimulus hopes, all eyes on Czech cenbank rate decision

06/08 Emerging market stocks rose for the third straight session on Thursday, as investors remained hopeful of a coronavirus relief bill to be passed in the U.S. Congress, while the Czech central bank's decision on. . .  Full story

Philippines suffers first recession in 29 yrs, braces for grim year on virus woes

06/08 The Philippine economy fell into recession for the first time in 29 years with a record slump in the second quarter, as strict lockdown measures ravaged economic activity and prompted the government to sharply. . .  Full story

Indian stocks rally, rupee flat as RBI keeps door open to rate cuts

06/08 India's rupee pulled back slightly while stocks rallied on Thursday after the country's central bank kept official rates on hold, but left the door open for more cuts to support an economy reeling from. . .  Full story

South Africa's rand weaker in tentative trade

06/08 South Africa's rand weakened early on Thursday, remaining near two-months lows, as investors continued to worry about the chances of a global economic recovery.. . .  Full story

CEE FX to resist second wave fears, focus on economic recovery

06/08 Most central European currencies will firm over the next 12 months, a Reuters poll showed, buoyed by improved risk sentiment as investors shrug off worries about a rise in coronavirus cases and focus on. . .  Full story

S.Korean stocks hit highest close in near 2 years, won at 5-month high

06/08 Round-up of South Korean financial markets:. . .  Full story

Long bets on most Asian currencies rise as U.S. recovery doubts knock dollar

06/08 Investors stacked up bullish bets on most Asian currencies, a fortnightly Reuters poll found on Thursday, as worries the coronavirus pandemic is hobbling a nascent recovery in the U.S. economy clouded the dollar's outlook.. . .  Full story