Forex News

FRANKFURT (Reuters) – The European Central Bank should limit the rise in borrowing costs of more indebted euro zone members but will not solve their debt issues or let budget concerns dictate monetary policy, ECB policymaker Olli Rehn said on Saturday.

(Reuters) – Speculators raised their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

By Tom Westbrook SINGAPORE (Reuters) – World stocks on Friday headed for their worst week since markets’ pandemic meltdown in March 2020, as investors feared sharp rate hikes tipping economies into recession, while growth fears and a soaring Swiss franc whacked the U.S. dollar.

By Kevin Buckland TOKYO (Reuters) – The yen retreated sharply from its highest point in nearly two weeks on Friday, with the Bank of Japan likely to keep its ultra-easy policy, defying pressure from aggressive tightening at peers including the Federal Reserve and Swiss National Bank.

COPENHAGEN (Reuters) – Sweden’s central bank said on Friday it had appointed Erik Thedeen, currently head of the country’s financial watchdog, as its new governor after current head Stefan Ingves leaves the central bank at the end of the year.

ISTANBUL (Reuters) – Goldman Sachs said on Friday it expects annual inflation in Turkey to reach almost 80% before easing to 60% by the end of 2022, thanks to so-called favourable base effects.

(Reuters) – The Russian rouble gained slightly on Friday, while stock markets dipped but remained steady compared with the extreme volatility of major U.S. and European bourses over recent days.

A look at the day ahead in markets from Julien Ponthus

(Reuters) – The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank

By Tom Wilson LONDON (Reuters) – Sterling slipped on Friday against a strengthening U.S. dollar, giving up gains made a day earlier after the Bank of England raised interest rates.

By Leika Kihara TOKYO (Reuters) – The Bank of Japan is likely to maintain ultra-low interest rates on Friday and stress its resolve to support a fragile economy with massive stimulus, a move that may further weaken the yen by highlighting a policy divergence with the

By Saikat Chatterjee LONDON (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial markets in 2020, signalling extreme bearishness as investors dumped credit and crypto assets.

Of all the central banks which until recently dismissed inflation as transitory, one still stands: the Bank of Japan. But it’s increasingly being challenged by hedge funds, which are betting it can’t hold the line on super-loose policy forever.

(Reuters) – The Russian central bank hopes authorities will make a decision on reintroducing the country’s “budget rule” in the near future, Deputy Governor Alexei Zabotkin said on Friday.

By Mike Dolan LONDON (Reuters) – Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling around world markets and buoying currencies to stymie imported inflation.

By Andrew Galbraith SHANGHAI (Reuters) – Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivered an aggressive rate hike and cut its growth projections.

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index slumped on Thursday to its lowest level in 14 months and its currency weakened as investors grew more worried that aggressive central bank interest rate hikes would trigger a recession, weighing on corporate earnings.

By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed’s hefty three-quarters-of-a-point rate hike this week show.

By Tom Westbrook SINGAPORE (Reuters) – The dollar retreated from a 20-year high on Thursday after the Federal Reserve delivered its biggest rate hike in decades but then tempered its outlook by telling investors that such sharp moves higher were unlikely to become a habit.

LONDON – Sterling slid towards its lowest level this year ahead of an expected Bank of England (BoE) interest rate hike on Thursday as concerns about Britain’s economic prospects weighed.