Forex

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

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

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

Sterling headed for best week since January after Brexit votes

15/03 The British pound was unchanged on Friday at the end of its best week since January, as investors waited for next week's parliamentary vote on Prime Minister Theresa May's deal to exit the European. . .  Full story

Emerging market stocks, currencies jump on trade optimism

15/03 Emerging market currencies and stocks rose on Friday, on track to end the week higher as investor sentiment lifted on reports that Beijing and Washington had made more progress in their trade talks.. . .  Full story

Kuroda signals status quo even as BOJ tempers optimism on global growth

15/03 Bank of Japan Governor Haruhiko Kuroda on Friday ruled out the chance of additional monetary easing, even after heightening overseas risks forced the central bank to temper its optimism that robust exports and factory output. . .  Full story

South Africa's rand recovers as trade deal hopes rise

15/03 South Africa's firmed early on Friday, reversing some of its losses from the previous session with demand for emerging market currencies boosted by new signs of a trade deal between China. . .  Full story

BOJ Governor Kuroda's comments at news conference

15/03 The Bank of Japan kept monetary policy steady on Friday but tempered its optimism that robust exports and factory output will underpin growth, a nod to heightened overseas risks that threaten to derail a. . .  Full story

S.Korean stocks shrug off N.Korea risk, won drops

15/03 Round-up of South Korean financial markets:. . .  Full story

Asian currencies eke out small gains; S. Korean won falls

15/03 Most emerging Asian currencies made small gains on Friday as improved sentiment over reports of progress in U.S.-China trade talks was partially tempered by fears of a fresh flare up in tensions on the. . .  Full story

Yuan recovers from 3-wk low as premier pledges to support economy

15/03 The yuan briefly fell to a three-week low against the dollar on Friday but recovered by midday as Premier Li Keqiang pledged not to let economic growth fall below a reasonable range.. . .  Full story

Japan court hands Mt. Gox founder 2-1/2 years suspended sentence -Kyodo

15/03 A Tokyo court on Friday handed the founder of the now-defunct Mt. Gox bitcoin currency exchange a 2-1/2-year suspended sentence for his role in the loss of hundreds of millions of dollars worth of. . .  Full story

China says Jan-Feb FDI up 5.5 percent y/y in yuan terms

15/03 Foreign direct investment (FDI) into China rose 5.5 percent in January-February to 147.11 billion yuan ($21.89 billion) compared with a year earlier, the Ministry of Commerce said on Friday.. . .  Full story

Asia Coffee-Vietnam prices fall as drought continues; supplies build up in Indonesia

15/03 Vietnam coffee prices fell this week amid weakness in global robusta, as local farmers continued to face water shortage, while Indonesia witnessed supply build up and muted trade.. . .  Full story

S.Korea stocks cheer 'substantive progress' in trade talks

15/03 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index gained on Friday as "substantive progress" in the Sino-U.S. trade. . .  Full story

Trump-Xi summit will not happen in March - Mnuchin

15/03 A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in. . .  Full story

Asia Rice-India prices up on strong rupee; few takers for Thai variety

15/03 Rice export rates in India rose this week due to an appreciation in the rupee, even as demand remained moderate, while Thai traders struggled with a lack of interest from foreign markets due to. . .  Full story

Japan's finance minister warns BOJ against insisting on hitting price goal

15/03 Japanese Finance Minister Taro Aso on Friday warned the central bank against insisting it achieve its elusive 2 percent inflation target.. . .  Full story

UK's Attorney General Cox has new legal advice on Brexit -The Telegraph

15/03 Britain's top government lawyer, Attorney General Geoffrey Cox, has new legal advice stating that Britain will be able to break off from the Irish backstop under the terms of the Vienna Convention, The Telegraph. . .  Full story

THE TELEGRAPH

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As Australia's economy slows, predictions of a rate cut rise

14/03 Predictions that Australia's central bank will lower interest rates this year have increased significantly in recent weeks, a Reuters poll showed, as a steep downturn in the housing market is seen likely to further. . .  Full story

Trump-Xi summit will not happen in March -Mnuchin

14/03 A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in. . .  Full story

Global gloom may force Japan c.bank to temper its outlook

14/03 The Bank of Japan is likely to stand pat on monetary policy on Friday but temper its optimism that robust exports and factory output will underpin growth, a nod to heightened overseas risks that. . .  Full story

C$ reverses from 10-day high on US-China trade uncertainty

14/03 The Canadian dollar fell against its U.S. counterpart on Thursday after hitting an earlier 10-day high, pressured by weak Chinese data and worries about the uncertain outcome of U.S.-China trade talks.. . .  Full story

European shares rise on delayed Brexit vote, dollar gains; Wall St flat

14/03 A gauge of global equity markets traded little changed on Thursday as European shares rose ahead of new voting that backed a Brexit delay and bolstered the dollar, while Wall Street meandered on uncertainty over. . .  Full story

British lawmakers overwhelmingly back Brexit delay

14/03 British lawmakers voted overwhelmingly on Thursday to seek a delay in Britain's exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved. . .  Full story

Pound unimpressed as British lawmakers back Brexit delay

14/03 Sterling retreated on Thursday as investors prepared for Prime Minister Theresa May to try again to win approval for her Brexit deal, after lawmakers voted overwhelmingly to seek a delay to the United Kingdom's. . .  Full story

Gold falls 1 pct as 'no-deal' Brexit fears fade, dollar rises

14/03 Gold fell more than 1 percent on Thursday, slipping below $1,300 for a second time this month, as fears of a "no-deal" Brexit faded and the dollar gained versus the pound ahead of. . .  Full story

Sterling stalls ahead of vote to delay Brexit; dollar ticks up

14/03 The U.S. dollar gained on Thursday for the first time in a week, albeit modestly, as the pound stalled at lower levels ahead of a vote to extend Britain's March 29 deadline for exiting. . .  Full story

Higher store investments to hit Dollar General profit, shares fall 10 pct

14/03 Dollar General Corp will plough back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart. . .  Full story

LatAm stocks fall on U.S.-China trade uncertainty; FX slumps

14/03 Most Latin American stocks fell on Thursday on new uncertainty over U.S.-China trade talks, while currencies in the region fell against a firm dollar. A meeting between President Donald Trump. . .  Full story

Leu jumps from six-week lows, bond yields rise at auctions

14/03 The leu rebounded on Thursday from the six-week low it reached late on Wednesday, after what market participants said may have been possible intervention by Romania's central bank. Romanian government bond. . .  Full story

-China should learn from Japan's lost decade -former official

14/03 China needs to learn lessons from Japan's lost decade to ensure the world's second-largest economy does not suffer similar problems, former central bank governor Zhou Xiaochuan said on Tuesday.. . .  Full story

Russia's top banks plot temporary sanctions workaround -sources

14/03 Leading Russian banks are working on plans to help each other retain at least short-term access to the global financial system in the event that they are hit by fresh U.S. sanctions, sources familiar. . .  Full story

Zimbabwe's new currency weakens on interbank market

14/03 Zimbabwe's new currency traded at 2.7 against the U.S. dollar on the interbank market on Thursday, its weakest level since the central bank last month removed a peg for its surrogate. . .  Full story