Forex News

BANGKOK (Reuters) – Thailand’s inflation will remain elevated this year but should fall back into the central bank’s target range of 1-3% in the second quarter of next year, a bank official said on Thursday.

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan’s resolve to keep borrowing costs ultra-low is causing a “negative spiral” of yen weakness that highlights the need to tweak its yield cap policy, said Yuri Okina, a member of a key government

SEOUL (Reuters) – South Korean won fell below a psychological threshold of 1,300 per U.S. dollar for the first time in 13 years, amid global economic recession worries and the dollar’s strength.

By Sam Byford TOKYO (Reuters) – Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.

By Alun John HONG KONG (Reuters) – The yen hit a fresh 24-year low against the dollar on Wednesday, having taken another tumble overnight as U.S. bond yields continued to rise, in stark contrast to Japan’s stubbornly low interest rates.

LONDON (Reuters) – A growing group of countries are likely to see their credit ratings come under pressure as rising global interest rates hit already-stretched finances, one of the world’s biggest rating agencies S&P Global has warned.

MOSCOW (Reuters) – Russia’s consumer price index (CPI) fell 0.12% in the week to June 17, down for a third week in a row after a massive spike in March, providing the central bank with more room to cut rates to limit the economic downturn this

LONDON (Reuters) – The British pound extended losses in early trading on Wednesday after official data showed British consumer price inflation hit a new 40-year high last month of 9.1%.

COLOMBO (Reuters) – Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas assistance to find a way out of its worst economic crisis in decades, Prime Minister Ranil Wickremesinghe told parliament on Wednesday.

LONDON (Reuters) – British house prices in April were 12.4% higher than a year earlier, the second-biggest annual rise in figures going back to 2006, the Office for National Statistics said on Wednesday.

By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) – Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency.

MOSCOW (Reuters) – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia’s trade surplus.

A look at the day ahead in markets from Sujata Rao.

By Mike Dolan LONDON (Reuters) – An upside down world of “reverse currency wars” is seeping into the real one.

By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The Federal Reserve will deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September, and won’t scale back to quarter-percentage-point moves until November at the earliest, according to economists polled by Reuters.

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s peso currency, its stock index and shares in state-run oil company Ecopetrol fell on Tuesday after leftist Gustavo Petro was elected president in a Sunday vote.

By Selena Li HONG KONG (Reuters) – Asian stocks and U.S. share futures turned higher on Tuesday as the market took stock after a recent steep selloff, but concerns remain that aggressive central bank rate hikes to curtail inflation could spark a global recession.

By Alun John HONG KONG (Reuters) – The Australian dollar rose on Tuesday after the central bank flagged more rate hikes were on the way, but the uptick was restrained by lower commodity prices, while the Japanese yen languished near a 24-year low.

By Joice Alves LONDON (Reuters) – The pound rose against the U.S. dollar on Tuesday as hawkish comments from Bank of England policymakers continued to support the currency, with an equity rally also helping risk-sensitive sterling.

LONDON (Reuters) – The Japanese yen plunged on Tuesday to the lowest since October 1998, as the Bank of Japan’s ultra-loose monetary policy stance continued to weigh.