Forex

South Africa's rand firms; Clover shines in flat stock market

19/10 South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the new finance minister's medium-term budget speech and consumer price inflation numbers due next week.  Full story

Mnuchin dismisses risk of contagion from China's economic slowdown

17h22 U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets.. . .  Full story

UK could accept longer Brexit transition if EU drops backstop plan -UK minister

10h25 Britain would accept a possible extension to its post-Brexit transition period with the European Union if the bloc drops its demand for an Irish backstop, Britain's junior Brexit minister Suella Braverman said on Sunday.. . .  Full story

Italy's PM says govt in full accord over tax measures

20/10 Italy's ruling coalition has overcome divisions over a tax amnesty included in next year's budget, Prime Minister Giuseppe Conte said on Saturday.. . .  Full story

Italy would never leave the euro of its own will - minister

20/10 Italy would never willingly choose to leave the single currency and would drop out only if it were forced to, Italian European Affairs Minister Paolo Savona said on Saturday in a televised speech.. . .  Full story

BOJ deputy gov doubts digital currency will enhance monetary policy

20/10 Bank of Japan Deputy Governor Masayoshi Amamiya said on Saturday it was doubtful whether central banks could enhance the effectiveness of their monetary policies by issuing digital currencies.. . .  Full story

Argentine inflation to hit 2018 peak in Sept-Oct -treasury minister

19/10 Argentine inflation, now at 40.5 percent on a 12-month basis, is expected to peak for 2018 in September and October, Treasury Minister Nicolas Dujovne said on Friday in an address to a business conference in. . .  Full story

Euro, pound rally on Brexit concession; stocks dip

19/10 Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key. . .  Full story

FX options flag uncertainty before U.S. midterm election; bonds complacent

19/10 Currency options investors are bracing for increased volatility and possible U.S. dollar weakness going into the U.S. midterm elections next month.. . .  Full story

Latam stocks, FX headed for weekly gain; Mexico's peso weakens

19/10 Latin American currency and stock indices were on track to log weekly gains for a fifth straight week, with most currencies firming on Friday, while stock markets trimmed gains as the rally on Wall. . .  Full story

Gold firms as dollar eases, set for third week of gains

19/10 Gold prices edged up on Friday and were on course for a third straight week of gains, supported by robust technical momentum and a softer dollar.. . .  Full story

C$ hits 5-week low as data supports gradual rate hike approach

19/10 The Canadian dollar weakened to its lowest in more than five weeks against the greenback on Friday after domestic data showing a slowdown in inflation suggested the Bank of Canada would be unlikely to. . .  Full story

Turkish central bank seen leaving rates unchanged as lira rebounds

19/10 Turkey's central bank is likely to keep interest rates on hold next week, a Reuters poll showed on Friday, after a mammoth rate hike last month and the release of a U.S. pastor appear. . .  Full story

Euro, sterling gain on report that UK may drop key Brexit demand

19/10 The euro and British pound rallied against the U.S. dollar on Friday after Bloomberg News reported that British Prime Minister Theresa May is ready to drop a key Brexit demand in order to. . .  Full story

U.S. Fed is raising rates for good reasons, BoE's Carney says

19/10 Bank of England Governor Mark Carney said on Friday he thought the U.S. Federal Reserve was raising interest rates for good reasons, based on the strength of the U.S. economy.. . .  Full story

Money-laundering watchdog to set first cryptocurrency rules by June

19/10 The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations.. . .  Full story

Sterling gains after EU's Barnier says Brexit deal 90 pct done

19/10 The pound rose on Friday after EU Brexit negotiator Michel Barnier said a deal with the United Kingdom was 90 percent done, although undercurrents of uncertainty in Britain kept the gains in check.. . .  Full story

ANALYSIS-Argentina's Macri is stuck between the IMF and a hard place

19/10 Argentine President Mauricio Macri is used to seeing bad poll numbers as he struggles to drive through an unpopular austerity program that has cut fuel subsidies, raised taxes and sent utility bills soaring.. . .  Full story

India rate setters highlight inflation spike risk, signal rate hikes

19/10 India's interest rate setting committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes ahead even as it held rates unchanged at its. . .  Full story

CEE MARKETS-Italy worry erases Polish bonds' post-upgrade gain

19/10 Poland led a rise in Central European government bond yields on Friday as Italy's dispute with the European Union over its plan for higher budget deficits also boosted debt yields in the euro zone,. . .  Full story

Sri Lankan rupee hits record low, stocks settle near 5-yr closing trough

19/10 ** The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the U.S. dollar, while stocks slid to a near five-year closing low in. . .  Full story

Gold on track for third weekly gain as stocks dip

19/10 Gold prices edged up on Friday, setting the metal on course for a third week of gains as weaker stock markets spurred investors to seek refuge in bullion, which also gained. . .  Full story

China market support, lira strength buoys emerging markets

19/10 A surge in Chinese stocks on official moves to calm sentiment propped up emerging markets at the end of a rocky week on Friday, with Turkey's lira also set to post solid weekly gains. . .  Full story

China shares bounce despite weak Q3 GDP as regulators pledge support

19/10 Chinese stocks bounced on Friday after regulators mounted a coordinated campaign to try and put a floor under the tumbling market and support a slowing economy.. . .  Full story

Indonesia c.bank seen keeping key rate unchanged on Tuesday

19/10 Indonesia's central bank is expected to hold its key interest rate on Tuesday, a Reuters poll showed, as the rupiah has been stable in the past two weeks, but some analysts said the central. . .  Full story

S.Korean stocks recover tracking China rebound

19/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index recovered from early falls to close higher on Friday, tracking a rebound in Chinese equities after regulators pledged steps aimed at calming markets and. . .  Full story

Singapore PM says post-Brexit trade deal with Britain possible

19/10 Singapore and Britain can do a trade deal after Brexit, Prime Minister Lee Hsien Loong said on Friday, adding that he would be prepared to extend the terms of the Asian country's recently agreed. . .  Full story

Most Asian units strengthen; yuan aided by regulator comments

19/10 Most emerging Asian currencies rose on Friday, aided by profit-taking on the dollar and a slight strengthening of the yuan as Beijing pledged more policy support to mitigate risks from a trade row with. . .  Full story

Japan fin min says U.S. currency report won't restrict FX policy

19/10 Japanese Finance Minister Taro Aso said on Friday that a U.S. government report on currencies did not suggest Tokyo's foreign-exchange policy was inappropriate and that Washington's assessment would not restrict Japan's currency management.. . .  Full story

Australia, NZ dlrs resilient as hopes for China stimulus offset growth concerns

19/10 The Australian and New Zealand dollars inched cautiously higher on Friday after Beijing offset a mixed bag of Chinese data by pledging more support for the economy, though risk sentiment remained all-too fragile after. . .  Full story

S.Korea stocks extend losses on global economic concerns; won gains

19/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened on Friday as global sentiment was dented by trade rows, Italy's 2019 budget issue,. . .  Full story

-Mitsui Life to raise foreign bond holdings by $1.2 bln by March

19/10 Japan's Mitsui Life Insurance plans to increase its foreign bond investments without currency hedging by about 140 billion yen ($1.2 billion) in the current financial half year to March 2019, a senior company official said. . .  Full story

C$ hits 5-week low versus broadly stronger greenback

18/10 The Canadian dollar weakened to a five-week low against its U.S. counterpart on Thursday as the greenback broadly climbed and oil prices added to a sharp decline the previous day. At. . .  Full story

Stocks tumble on souring sentiment; oil falls

18/10 Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States. . .  Full story

Strong dollar, slide in global equities punish Latam assets

18/10 Latin American stocks slumped on Thursday as a decline on Wall Street coupled with concerns over Italy's budget and the escalating Sino-U.S. trade war saw investors seek refuge in safer assets like the dollar,. . .  Full story

FOREX-Dollar gains on euro as EC criticizes Italian budget

18/10 The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy's 2019 budget draft is in serious breach of EU budget rules. The step. . .  Full story

South Africa's rand softer after U.S. Fed's minutes; stocks fall

18/10 South Africa's rand retreated on Thursday as minutes from the U.S. Federal Reserve's September meeting striking a hawkish tone bolstered the dollar and dampened some of the enthusiasm for emerging currencies.. . .  Full story

Rising U.S. bond yields pose risks to greenback

18/10 Higher U.S. Treasury yields have been cited as a factor supporting the greenback in recent months. In the longer term, however, some analysts see rising interest rates and mounting debt weighing on the dollar.. . .  Full story

Pound falls after Britain's May says EU proposal on border unacceptable

18/10 The pound fell to intraday lows in late Thursday trade, as summit talks in Brussels failed to resolve a Brexit standoff between London and the EU over the status of the Irish border, an. . .  Full story

Pakistan reserves decrease $219 mln to $8,089 mln week ending Oct 12

18/10 Pakistan's foreign exchange reserves decrease $219 million to $8,089 million in the week ending Oct 12, compared to $8,307.8 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

Hungarian bond yields rise again on US rate hike expectations

18/10 Hungarian government bond yields reversed their earlier decline on Thursday, tracking a renewed increase in U.S. Treasury yields after the Federal Reserve's minutes signalled more increases in interest rates. Hungary's 10-year. . .  Full story

Sri Lankan rupee ends weaker; stocks slip to near 5-yr closing low

18/10 ** The Sri Lankan rupee ended weaker on Wednesday as banks and importers bought the U.S. dollar while stocks edged lower to end near a five-year closing low.. . .  Full story

Russia may use National Wealth Fund to finance Egypt nuclear plant: Siluanov

18/10 Russia's finance ministry may use the National Wealth Fund (NWF) to lend money for the construction of a nuclear power plant in Egypt starting from 2020 or 2021, First Deputy Prime Minister Anton Siluanov. . .  Full story

Asia Rice-India activity muted, falling supply lifts Vietnam prices

18/10 Rice export prices in India were unchanged this week, after declining for three weeks in a row, as activity was muted ahead of the new crop, while waning output due to floods pushed up. . .  Full story

Ethiopia's forex reserves rise 30 pct after falling to 'alarming' levels -PM

18/10 Ethiopia's foreign exchange reserves have risen by almost a third in recent months after dropping to alarming levels, Prime Minister Abiy Ahmed said on Thursday.. . .  Full story

Hacked, scammed and on your own: navigating cryptocurrency 'wild west'

18/10 When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens' issuer, the Berlin-based technology. . .  Full story

Tennis star Wozniacki signs deal to launch her own crypto token

18/10 Tennis ace Caroline Wozniacki signed a deal with a Singaporean company to launch her own crypto token on Thursday, with the firm saying it hoped ex-soccer star Michael Owen or boxer Manny Pacquiao would. . .  Full story

China worries hit stocks, lira gains as dollar cools

18/10 Emerging-market shares resumed this year's declines on Thursday as Chinese stocks tumbled to four-year lows, but the Turkish lira hit two-month highs as the dollar weakened and ties with the United States showed signs. . .  Full story

Germany should push Weidmann as ECB chief, Nowotny tells paper

18/10 Germany should push Bundesbank chief Jens Weidmann as a successor to European Central Bank President Mario Draghi and the government is making a grave mistake in not pushing harder, ECB policymaker Ewald Nowotny said on. . .  Full story

Yuan closes at over 21-mth low on hawkish Fed and U.S. currency report

18/10 China's yuan closed at its weakest in more than 21 months against a broadly stronger dollar on Thursday, as the U.S. Federal Reserve's hawkish stance on interest rates and the U.S. Treasury's failure to. . .  Full story

Pound supported as Britain's May open to longer Brexit transition

18/10 The British pound recovered to trade flat on Thursday after Prime Minister Theresa May confirmed she was open to discussing an extension of the transition period after Brexit.. . .  Full story

China's central bank sells net 119.4 bln yuan in FX in Sept

18/10 China's central bank sold a net 119.4 billion yuan worth of foreign exchange in September, according to Reuters calculations based on central bank data released on Thursday. The following are historical data. . .  Full story

Mitsui Life to raise foreign bond holdings by $1.2 bln by March

18/10 Japan's Mitsui Life Insurance plans to increase its foreign bond investments without currency hedging by about 140 billion yen ($1.2 billion) in the current financial half year to March 2019, a senior company official said. . .  Full story

Asia Coffee-Vietnam near 1-year high on firm London prices; demand falls in Indonesia

18/10 Vietnam's domestic coffee prices jumped to their highest in nearly a year while demand in Indonesia was weak as buyers eyed Vietnam harvest for cues, traders said on Thursday.. . .  Full story

Foreigners sell Asian bonds in Sept on rising U.S. yields

18/10 Foreigners net sold Asian bonds for the first time in three months in September as rising U.S. yields and a stronger dollar undermined the allure of regional assets.. . .  Full story

Short positions on most Asian currencies drop; dollar momentum seen waning

18/10 Short positions on most Asian currencies were seen unwinding over the past two weeks, a Reuters poll showed on Thursday, with traders turning sceptical of the dollar's bull run after U.S. retail sales data. . .  Full story

China Jan-Sept FDI rises 2.9 pct y/y - commerce ministry

18/10 Foreign direct investment (FDI) into China increased 2.9 percent in the first nine months of this year to 636.7 billion yuan ($91.77 billion) from a year earlier, China's Ministry of Commerce said on. . .  Full story

S.Korean stocks, won slide on hawkish Fed minutes, U.S. currency report; BOK holds rates

18/10 Round-up of South Korean financial markets: ** South Korea's stock index and the won ended lower on Thursday, tracking losses in the Chinese market after the release of U.S. Federal Reserve minutes and a semi-annual currency. . .  Full story

Asian currencies slide on hawkish Fed minutes; yuan hits 21-month low

18/10 Asian currencies slipped against the dollar on Thursday as hawkish Federal Reserve minutes reinforced expectations for more rate hikes, heightening concerns about the widening interest rate spread between the United States and emerging markets.. . .  Full story

Bond alarm bells may ring sooner than Italian govt expects

18/10 Italy may have to act to contain a surge in its borrowing costs sooner than comments from the ruling coalition government suggest.. . .  Full story

Yuan falls to over 21-mth low after U.S. currency report, hawkish Fed minutes

18/10 China's yuan fell to its lowest against the U.S. dollar in more than 21 months on Thursday as the greenback strengthened and Washington's refrain from labelling China a currency manipulator gave bears added confidence to. . .  Full story

Thai commerce ministry says exports expected to grow 8 pct in 2019

18/10 Thailand's exports are expected to grow 8 percent next year, the commerce ministry said on Thursday.. . .  Full story

S.Korea holds rates but leaves door open for Nov hike

18/10 South Korea's central bank kept its benchmark rate unchanged on Thursday but flagged concerns about mounting household debt and financial stability, boosting expectations that it could raise rates as soon as next month.. . .  Full story

U.S. government refrains from calling China a currency manipulator

18/10 The U.S. government on Wednesday refrained from naming China or any other trading partner as a currency manipulator, as it leans on import tariffs to try to cut a trade deficit with China.. . .  Full story

Australia dlr firms as jobless rate falls; NZ$ subdued

18/10 The Australian dollar got a fillip on Thursday as data showed the country's jobless rate fell to its lowest since 2012, though the detail was considered too mixed to bring forward the likely timing. . .  Full story

Bank of Korea chief says decision to keep rates steady was not unanimous

18/10 Voting in the Bank of Korea's monetary policy board's decision to keep interest rates unchanged at 1.50 percent in October was not unanimous, Governor Lee Ju-yeol told a news conference after the meeting on Thursday.. . .  Full story

S.Korea stocks, won fall on hawkish Fed minutes; BOK holds rates

18/10 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened on Thursday after minutes from the U.S. Federal Reserve's latest meeting showed broad agreement. . .  Full story

Australia jobless rate dives to 6-1/2-yr low in statistical quirk

18/10 Australia's jobless rate unexpectedly dived to its lowest since 2012 last month, but the decline smacked more of statistical noise than a true signal of incipient inflationary pressures and rising interest rates.. . .  Full story

INTERVIEW-Japan's Daido Life plans to raise foreign corporate bond holdings

18/10 Japan's Daido Life Insurance plans to increase its holdings of stocks and foreign corporate bonds in the second half of its financial year to March, a senior company executive said on Wednesday.. . .  Full story

-China Sept new loans rebound on policy easing, more steps seen

18/10 China's new bank loans rebounded in September after dipping in the two previous months, central bank data showed, but overall credit conditions stayed tight in an economy chilled by an ongoing tariff war with. . .  Full story

COLUMN-Wall Street dip a welcome tightening of U.S. financial conditions: McGeever

18/10 It sounds counterintuitive, but the recent slide on Wall Street will be met with some relief at the Fed as long as it remains a 'correction' and doesn't morph into a panic-fueled rout.. . .  Full story

C$ slides as oil prices tumble 3 percent

17/10 The Canadian dollar weakened against its U.S. counterpart on Wednesday, pulling back from an 11-day high the day before as oil prices tumbled and minutes from the Federal Reserve's latest meeting boosted the greenback.. . .  Full story

U.S. data drags oil lower; dollar up after Fed minutes

17/10 Oil prices fell on Wednesday after U.S. crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policy makers largely united on. . .  Full story

Strong dollar knocks most Latam FX, Brazil real at 20-wk high

17/10 A strong dollar, bolstered by the prospect of another U.S. rate hike this year, hit most Latin American currencies except Brazil's real, which hit its highest level since May. Regional stocks. . .  Full story

Despite Trump criticism, Fed sees need for more rate hikes

17/10 Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite U.S. President Donald Trump's view that interest rate hikes have already gone. . .  Full story

U.S. Treasury triples potential credit line to Mexico

17/10 The United States can extend a longer line of credit to Mexico if the country faces a currency crisis, according to the terms of a new agreement signed on Wednesday that follows the two. . .  Full story

Gold edges lower as dollar gains after hawkish Fed minutes

17/10 Gold prices edged lower on Wednesday as the U.S. dollar strengthened after minutes from the Federal Reserve's September meeting cemented expectations for more interest rate hikes by the U.S. central bank.. . .  Full story

Dollar gains as Fed minutes show further rate hikes likely

17/10 The U.S. dollar index rose to its highest levels in a week on Wednesday after minutes from the Federal Reserve‚Äôs September meeting affirmed expectations that the U.S. central bank is likely to continue raising. . .  Full story

Zloty leads currencies' retreat, equities lose momentum

17/10 Hungarian government bond yields dropped on Wednesday and a rebound in Central European equities lost steam as investors digested concerns about loose monetary policy. The National Bank of Hungary (NBH) kept. . .  Full story

Czech rates may need more gradual rise -central bank's Dedek

17/10 The Czech National Bank may need to take a more gradual approach to raising interest rates while it assesses risks from abroad, and a slower pace would not be threat to meeting its inflation. . .  Full story

German exports to Turkey fell sharply at height of lira crisis

17/10 German exports to Turkey slumped in August, data from the Federal Statistics Office showed on Wednesday, reflecting a sharp fall in Turkish purchasing power and domestic demand after the lira collapsed.. . .  Full story

Pound eases after weaker inflation, focus turns to EU summit

17/10 Sterling weakened on Wednesday after data showed inflation fell more than expected in September and before a European Union summit at which Britain will try to unblock stalled negotiations for a Brexit deal.. . .  Full story

China Sept new loans rebound on policy easing, more steps seen

17/10 China's new bank loans rebounded in September after dipping in the two previous months, central bank data showed, but overall credit conditions stayed tight in an economy chilled by an ongoing tariff war with. . .  Full story

Regulator rejects Danske Bank's choice for chief executive

17/10 Danske Bank, reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.. . .  Full story

Japan's Daido Life plans to raise foreign corporate bond holdings

17/10 Japan's Daido Life Insurance plans to increase its holdings of stocks and foreign corporate bonds in the second half of its financial year to March, a senior company executive said on Wednesday.. . .  Full story

Wall Street dip a welcome tightening of U.S. financial conditions: McGeever

17/10 It sounds counterintuitive, but the recent slide on Wall Street will be met with some relief at the Fed as long as it remains a 'correction' and doesn't morph into a panic-fueled rout.. . .  Full story

Sterling eases after inflation falls more than forecast

17/10 The British pound weakened on Wednesday after inflation fell more than expected in September, easing a squeeze on consumers, who are also seeing the strongest wage growth for workers in a decade according to. . .  Full story

U.S. earnings brighten mood for emerging stocks, FX subdued

17/10 Emerging market stocks hit one-week highs on Wednesday as a strong start to the U.S. corporate earnings season encouraged investors globally to take on more risk after a sell-off last week.. . .  Full story

South Africa's rand weaker, focus on Fed minutes and retail sales data

17/10 South Africa's rand weakened in early trade on Wednesday as the dollar strengthened against most major peers, with the market awaiting domestic retail sales figures and minutes from the U.S. Federal. . .  Full story

New South African finance minister to stick close to Feb budget

17/10 South Africa's new finance minister Tito Mboweni will stick closely next week to previous budget forecasts for the coming two fiscal years, with only slight slippages due to poor revenues, economists. . .  Full story