Forex News
- Reuters
(Reuters) – Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year’s high of $48,234 on March 28.
- Reuters
By John McCrank NEW YORK (Reuters) – The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. dollar-denominated contracts, and volatile market conditions have delayed the switch to new rates for some
- Reuters
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday said in a filing that it rejected a proposal to list a spot bitcoin exchange-traded fund by Grayscale, one of the world’s biggest digital asset managers, on Intercontinental Exchange Inc’s NYSE Arca exchange.
- Reuters
By Timour Azhari and Maya Gebeily BEIRUT (Reuters) – Lebanon’s untamed financial crisis is gathering new menace as it heads into a fourth year, with political paralysis dampening hope of reforms that could unlock foreign support and stave off social turmoil, according to analysts, lawmakers and
- Reuters
By Lucy Raitano (Reuters) – The British pound rose against the dollar and euro on Thursday as investors shrugged off official data revealing a record shortfall in the United Kingdom’s current account deficit in early 2022.
- Reuters
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund was 58.8% in the first quarter, unchanged from that of the last three months of 2021, IMF data showed on Thursday.
- Reuters
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Steep losses in stocks and bonds, dizzying market swings and a Federal Reserve intent on curbing the worst inflation in more than forty years have been among the hallmarks of U.S. markets in the first half of 2022.
- Reuters
MOSCOW (Reuters) – The Russian rouble rose on Thursday, heading towards its strongest levels since 2015 as it retained support from high commodity prices, while shares in Gazprom plummeted after the gas giant said it would not pay dividends.
- Reuters
(Reuters) – Russia’s central bank will continue cutting rates to limit the depth of economic contraction this year as inflation will be lower than previously thought, a Reuters poll suggested on Thursday.
- Reuters
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing
- Reuters
(Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the second half of the year, UBS said on Thursday, while trimming its 2022 economic forecast for the region.
- Reuters
By Huw Jones LONDON (Reuters) – Britain’s markets watchdog proposed on Thursday giving banks an extra three months to stop using a “synthetic” version of sterling Libor and left the door open to a dollar counterpart.
- Reuters
By Huw Jones LONDON (Reuters) – Banks should take a conservative approach to setting aside capital to cover risks from “unbacked” crypto assets on their books, the global Basel Committee of banking regulators said in proposals on Thursday which now also cover blockchain.
- Reuters
STOCKHOLM (Reuters) -Sweden’s central bank delivered a half percentage point hike on Thursday, taking the benchmark rate to 0.75% from 0.25%, and flagged further sharp tightening ahead as it seeks to get to grips with surging inflation.
- Reuters
LONDON (Reuters) – British consumer activity slowed in mid-June, with fewer visits to restaurants, less usage of public transport and a slight fall in credit and debit card spending, data collated by the Office for National Statistics showed on Thursday.
- Reuters
BUDAPEST (Reuters) – Hungary’s central bank raised its one-week deposit rate by 50 bps to 7.75% at a weekly tender on Thursday, as flagged by the bank on Tuesday after its rate meeting where it hiked its base rate by 185 bps in a bid to
- Reuters
ZURICH (Reuters) – The Swiss National Bank spent 5.74 billion Swiss francs ($6.01 billion) on foreign currencies during the first quarter of 2022, it said on Thursday, scaling back its operations to curb the safe-haven franc’s strength versus the last quarter of 2021.
- Reuters
A look at the day ahead in markets from Julien Ponthus.
- Reuters
By Savyata Mishra (Reuters) – Bearish bets on the Philippine peso grew as the central bank adopted a more modest approach than its peers to tamp down inflation, while short positions on China’s yuan eased following more stimulus and easing COVID-19 curbs, a Reuters poll
- Reuters
By Marc Jones LONDON (Reuters) – Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this – the most turbulent first half global markets have ever seen.