Forex

Canadian dollar falls as worries rise about renewed virus lockdowns

22h38 The Canadian dollar weakened against its U.S. counterpart on Tuesday as investors grew more worried about renewed coronavirus lockdowns slowing economic recovery, with the loonie pulling back from a near two-week high the day before.. . .  Full story

Brazil's real falls, Bolsonaro tests positive for coronavirus

22h19 Brazil's real erased gains from earlier in the session on Tuesday, on caution about the alarming spread of the coronavirus after the country's president, Jair Bolsonaro, tested positive for the virus, while the Mexican. . .  Full story

Stocks, oil slip but Chinese stocks rally a sixth day

22h17 Investor caution over renewed coronavirus-related lockdowns buoyed the dollar and snapped a five-day rally in most world equity markets on Tuesday, but was not enough to halt a hot streak in Chinese stocks.. . .  Full story

Lebanon's Hezbollah talks to government about Iran fuel idea

21h44 The powerful Hezbollah group said on Tuesday it is in talks with the Lebanese government about the possibility of Iran supplying the country with refined oil products in exchange for Lebanese pounds.. . .  Full story

Dollar rises as virus worries hurt risk appetite

21h28 The U.S. dollar rose against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in. . .  Full story

Under "financial siege", Lebanon must stave off strife, says Bassil

20h04 Lebanon is facing a "financial siege" imposed by international powers and its priority is staving off strife caused by the country's economic meltdown, leading politician Gebran Bassil said on Tuesday.. . .  Full story

Nigeria's naira eases sharply on official market after pressure to unify FX rate

19h30 Nigeria's naira eased 5.5% on the official market on Tuesday, after the central bank sold dollars to lenders at a lower rate, bowing to pressure from international lenders to unify its multiple exchange rates.. . .  Full story

Implement substantive reforms, Paris Club creditors tell Zimbabwe

18h54 Zimbabwe should implement sustainable political and economic reforms and successfully complete an IMF monitoring programme in order to normalise ties with international lenders, the Paris Club of creditor nations said in a letter seen by. . .  Full story

C.BANK GOVERNOR

18h28 . . .  Full story

Brazil's Bolsonaro tests positive for coronavirus

17h22 Brazil President Jair Bolsonaro has tested positive for the novel coronavirus, he said in a television interview on Tuesday. (Reporting by Ana Mano Editing by Brad Haynes). . .  Full story

Sterling rises to three-week highs on news of Brexit talks dinner

17h03 Sterling rose to three-week highs on Tuesday, strengthening almost 1% against the euro, on optimism that British and EU trade negotiators could find common ground at a dinner planned for later in the day.. . .  Full story

Longer, greener, broader: strategies for a world awash in new bonds

16h33 Century bonds and green bonds, the first 20-year U.S. Treasury issue in decades, securities for mom-and-pop investors and with growth-linked payouts -- a borrowing binge is forcing governments to think creatively to get the funds. . .  Full story

The quarter after the half: Why the next 3 months are key for stocks

15h41 Central bank firepower helped stock market bulls finish the first half of 2020 on a high. Now the rally hinges on follow-through in the third-quarter from economic data, company earnings and the coronavirus newsflow.. . .  Full story

Ugandan shilling little-changed as sluggish consumer spending cuts demand

14h51 The Ugandan shilling was little-changed on Tuesday, with depressed consumer spending keeping importer appetite for hard currency subdued.. . .  Full story

Sri Lankan shares gain as financial, industrial stocks shine

14h50 Sri Lankan shares ended slightly higher on Tuesday, buoyed by gains in financial and industrial stocks.. . .  Full story

FX slips after industrial output data disappoints

12h44 Central Europe's currencies returned some recent gains on Tuesday, with the Czech crown touching a one-week low after disappointing industrial data from the region and as investors remain wary of rising coronavirus cases.. . .  Full story

Economists call for more direct cash payments tied to the health of the economy

12h00 Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter from a group of economists calling on U.S. policymakers to keep providing direct cash payments. . .  Full story

Yields rise in weekly South African government bond auction

11h48 South Africa's government sold a total of 6.6 billion rand ($384.37 million) of its 2026 , 2030 and 2048 bonds on Tuesday. Yields were higher compared with the previous auctions.. . .  Full story

-Indonesia unveils $40 bln bond scheme to fund recovery from pandemic

11h35 Indonesia unveiled a nearly $40 billion financing scheme for its fiscal deficit on Monday, with the central bank set to buy some 397.6 trillion rupiah ($28 billion) directly without receiving interest, to help fund. . .  Full story

Kenya central bank to hold its rate-setting meeting on July 29

11h27 The Kenyan central bank's Monetary Policy Committee will hold its next rate-setting meeting on July 29, the bank said on Tuesday.. . .  Full story

HKMA sells HK$8.14 bln into market as currency hits strong end of trading band

11h24 The Hong Kong Monetary Authority sold HK$8.138 billion ($1.05 billion) into the market after the local currency hit the strong end of its trading band, according to data released by the HKMA.. . .  Full story

China's June forex reserves rise less than expected on buoyant yuan

11h03 China's foreign exchange reserves rose less than expected in June as the yuan strengthened and global asset prices rebounded amid a recovery in economic sentiment.. . .  Full story

Russian rouble, South African rand lead currency declines

11h03 Emerging market currencies in Europe, the Middle East and Africa were pressured by a rise in demand for the dollar on Tuesday, as investors took a breather from stocks and other riskier investments after. . .  Full story

Thai shippers cut 2020 export outlook to 10% fall from 8% drop

10h53 Thailand's exports are expected to shrink 10% this year, deeper than the previous forecast of an 8% drop, due to the coronavious pandemic and the strength of the baht currency, a Thai shipping. . .  Full story

Malaysia's ringgit falls off 2-week high after rate cut, Asia stocks fall

09h56 Malaysia's ringgit pulled back from a two-week high on Tuesday after its central bank reduced the official interest rate return on the currency by another quarter point, defying the expectations of some market players.. . .  Full story

South Africa's net foreign reserves rose to $45.7 bln in June

09h56 South Africa's net foreign reserves rose to $45.738 billion in June from $45.531 billion in May, the Reserve Bank said on Tuesday.. . .  Full story

South African central bank reduces bond purchases to 5 bln rand in June

09h55 The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond holdings to 35.9 billion rand, data. . .  Full story

South African rand slides as coronavirus infection rise dims outlook

09h54 South Africa's rand weakened in early trade on Tuesday as worries over surges in coronavirus infections reactivated investor concerns about the economic impact of the pandemic.. . .  Full story

S.Korean shares drop 1% as virus fears threaten economic revival

09h31 Round-up of South Korean financial markets:. . .  Full story

Australia's c.bank holds rate at record low, keeps wary eye on recovery

08h06 Australia's central bank held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will help buttress the economic recovery by maintaining its accommodative approach for "as. . .  Full story

Currency crisis impoverishes Iranians, strains economic defences

08h00 Desperate to afford her daughter's overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy U.S. dollars.. . .  Full story

Australia's Victoria state reimposes coronavirus curbs

07h51 Australia's second most populous state of Victoria will reimpose stay-at-home restrictions in metropolitan Melbourne and one regional area of the state, Premier Daniel Andrews said, after a record daily rise in coronavirus infections.. . .  Full story

Investors in Russian bonds relaxed about extended Putin rule

07h45 The prospect of President Vladimir Putin staying in the Kremlin until 2036 does not seem to be deterring buyers of Russia's high-yielding sovereign bonds as investors focus on economic fundamentals and political stability rather the. . .  Full story

Yuan climbs to 3-1/2-month high, but unexpectedly soft fix trims gains

07h01 The yuan advanced further to a fresh 3-1/2 month peak and tested key resistance on Tuesday, although weaker-than-expected guidance by the central bank trimmed gains. Prior to market opening, the People's. . .  Full story

Australia dlr holds gains after RBA, coronavirus lockdowns a concern

06h59 The Australian dollar held recent gains on Tuesday as a rise in Chinese stocks supported risk appetite globally, while Australia's central bank kept rates at record lows amid a worrying rise of coronavirus cases. . .  Full story

African Markets - Factors to watch on July 7

06h57 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: * Seychelles to. . .  Full story

Australia's central bank holds cash rate at 0.25%

06h36 Australia's central bank left its cash rate at a record low of 0.25% on Tuesday in a widely expected decision and reiterated it stood ready to ease policy further if necessary.. . .  Full story

Australian interest rate changes since 1990

06h34 The Reserve Bank of Australia held its cash rate at 0.25% on Tuesday following a monthly policy meeting. The following is a chronology of the Reserve Bank of Australia's interest. . .  Full story

S.Korean shares drop as virus surge dents rebound hopes

04h42 Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday as mounting COVID-19 cases assuaged hopes of an economic rebound, while investors were cautious. . .  Full story

China lifts yuan midpoint to strongest level in near 3 months

03h33 China's central bank lifted its official yuan midpoint to the highest level in nearly three months on Tuesday to reflect strong gains in the spot price a day earlier.. . .  Full story

BoE's Bailey delays rare meeting with Conservative lawmakers

00h43 Bank of England Governor Andrew Bailey will delay a meeting with Conservative members of parliament due on Wednesday so it does not take place on the same day as a statement by Finance Minister. . .  Full story

BoE's Bailey delays meeting with Conservative lawmakers

06/07 Bank of England Governor Andrew Bailey will delay a meeting with Conservative members of parliament due on Wednesday so that it does not take place on the same day as a statement by finance. . .  Full story

Canadian dollar steadies as investors await evidence of stronger recovery

06/07 The Canadian dollar was little changed against its U.S. counterpart on Monday after a Bank of Canada business survey showed widespread negative sentiment, with currency investors looking for evidence of a faster rebound in economic. . .  Full story

Stocks rally, yuan surges as investors bet on China revival

06/07 Global stock markets rallied and China's yuan posted its biggest gain since December on Monday as investors bet the Chinese economy would boost global growth even as surging coronavirus cases delayed business re-openings across the. . .  Full story

Brazil, Chile stocks hit 4-month highs on China recovery hopes

06/07 Most Latin American currencies and stocks strengthened on Monday as strong economic data through last week spurred sustained bets on a swift post-coronavirus recovery. Risk appetite was bolstered by a. . .  Full story

Risk-on move dents dollar; yuan notches best day since Dec

06/07 The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and as glimmers of good news. . .  Full story

BoE's Bailey to make rare address to Conservative lawmakers

06/07 Bank of England Governor Andrew Bailey will address a private meeting of Conservative members of parliament on Wednesday after finance minister Rishi Sunak delivers an update on government measures to address the economic impact of. . .  Full story

South Africa rand up as risk appetite revives, stocks rise

06/07 South Africa's rand firmed on Monday, thanks to a broad recovery in risk appetite on growing expectations of a strong Chinese economic rebound.. . .  Full story

Sterling falls vs euro, steady vs dollar; support measures in focus

06/07 The pound fell against the euro but held its ground against the U.S. dollar on Monday as traders looked ahead to this month's Brexit negotiations and more government support measures expected later this week.. . .  Full story

Indonesia unveils $40 bln bond scheme to fund recovery from pandemic

06/07 Indonesia's central bank has agreed to buy 574.59 trillion rupiah ($40 billion) of government bonds this year and rebate most of the yield to help fund the economic recovery, Finance Minister Sri Mulyani Indrawati. . .  Full story

Stocks scale four-month peak tracking China rally

06/07 Emerging market stocks reached their highest in more than four months on Monday, extending gains into a fifth session as strong economic data spurred bets on a swift economic recovery, with China's yuan touching. . .  Full story

Sri Lankan shares end higher as financials gain

06/07 Sri Lankan shares ended higher on Monday, lifted by shares of financial and consumer discretionary companies.. . .  Full story

Thai central bank says has not closed door to further easing

06/07 Thailand's central bank has not shut the door to further monetary policy easing, a deputy governor said, after cutting the key rate three times this year to a record low of 0.5% to support. . .  Full story

Polish interest rates should stay at record low through 2021 -c.banker Lon

06/07 Poland should keep its key interest rate at a record low 0.1% and raising rates even next year would be too risky, central banker Eryk Lon wrote in an article published on Monday.. . .  Full story

Ukraine economy Q2 likely fell 10% in Q2, full recovery not seen this year

06/07 Ukraine's economy will be shown to have fallen 10% in the second quarter year-on-year due to restrictions to tame the coronavirus outbreak, and it will not be able to recover fully in the next. . .  Full story

BOJ to maintain recovery view despite pandemic gloom - sources

06/07 The Bank of Japan is expected to roughly maintain its view the economy will gradually recover later this year from the virus-led downturn, sources familiar with its thinking told Reuters, even as fears of. . .  Full story

Ugandan shilling trades stable amid a slump in importer demand

06/07 The Ugandan shilling traded unchanged on Monday, amid a slump in appetite for hard currency from importers of merchandise and fuel, traders said.. . .  Full story

Stocks track global markets higher, FX little changed

06/07 Emerging European stocks tracked global markets higher on Monday driven by expectations that a strong Chinese economic rebound will support wider growth, while currencies were mixed. By 0900 GMT, Budapest's bluechip. . .  Full story

Philippines bucks China-led Asia rally as new infections spike

06/07 The Philippine stock market failed to join a broader regional rally led by a surge in Chinese shares on Monday, as a spike in new coronavirus cases in the Southeast Asian country stoked fears. . .  Full story

Yuan closes at highest level since mid-March as China shares rally

06/07 The Chinese yuan surged on Monday and finished the domestic session at its strongest level in 3-1/2 months, as a spurt in China's stock market on the back of economic recovery optimism underpinned sentiment.. . .  Full story

Sterling falls vs euro, steady vs dollar; Chancellor's support measures in focus

06/07 The pound fell against the euro, as the common currency rose on Monday, and held steady against the U.S. dollar, as traders looked ahead to this month's Brexit negotiations and more government support measures. . .  Full story

London Stock Exchange's FTSE Russell joins Libor replacement race

06/07 London Stock Exchange index compiler FTSE Russell began publishing forward-looking interest rates on Monday, entering a four-way race for a new market opened up by the scrapping of Libor next year.. . .  Full story

S.Korean shares gain most in 3 weeks on recovery hopes, fresh stimulus support

06/07 Round-up of South Korean financial markets:. . .  Full story

South Africa rand up as risk appetite revives

06/07 South Africa's rand gained early on Monday, as the dollar was dragged down by a steady rise of coronavirus infections in the United States.. . .  Full story

Yuan advances to 2-week high as China shares rally

06/07 The yuan advanced to a near two-week high against the dollar on Monday morning, as a spurt in China's stock market on the back of economic recovery optimism underpinned sentiment. A. . .  Full story

S.Korean shares gain over 1% on recovery hopes as COVID-19 cases surge

06/07 Round-up of South Korean financial markets: ** South Korean shares rose more than 1% on Monday, on pace for a third straight session of gains, as. . .  Full story

Canada should focus on boosting the economy even as debt climbs -analysts

05/07 Canada should focus on boosting economic growth after getting pummeled by the COVID-19 crisis, analysts say, even as concerns about the sustainability of its debt are growing, with Fitch downgrading the nation's rating just over. . .  Full story

Congo mines minister to meet with firms on confinement moratorium

05/07 Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus.. . .  Full story

Egypt's Suez Canal revenues in FY 19/20 fall to $5.72 bln - statement

04/07 Egypt's Suez Canal revenues fell to $5.72 billion in the 2019/20 financial year from $5.75 billion in the year prior, the canal authority said on Saturday.. . .  Full story

Nigeria weakens naira at retail FX auction in a move to align rates

04/07 Nigeria's central bank asked lenders to bid for forex at an auction 5% above its official rate of 360, traders said, in a move to weaken the naira as the regulator. . .  Full story

Oil-linked Latam currencies outperform for week

03/07 Latin American stocks and currencies remained muted on Friday as a U.S. holiday provided few trading cues, but were set to end the week with gains as bets grew for a recovery from the. . .  Full story

Venezuelan prosecutor issues arrest warrants for opposition's ad hoc central bank board

03/07 Venezuela's chief prosecutor on Friday announced arrest warrants for members of the central bank's ad hoc board of directors, appointed by opposition leader Juan Guaido, for several crimes, including treason.. . .  Full story

Argentine creditors build 'Pac-Man' defences as country readies final offer

03/07 Argentina's government is reading a final debt restructuring offer to creditors which could be formally sent to U.S. regulators within days, a government source told Reuters on Friday, even as increasingly splintered bondholders tabled another. . .  Full story

Canadian dollar, 'stuck in a range,' clings to weekly gain

03/07 The Canadian dollar was little changed against its U.S. counterpart on Friday, holding on to this week's rally as it kept to a narrow trading range with U.S. markets closed in observance of Independence. . .  Full story