Forex News

(Reuters) – Russia’s inflation rate may come in close to 14% in 2022, the central bank governor said on Thursday.

A look at the day ahead in markets from Sujata Rao

By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korea’s economy will grow at its slowest pace in three years in 2022, as the world faces supply bottlenecks, surging inflation and rapidly rising interest rates, the finance ministry said on Thursday.

ZURICH (Reuters) – Both Credit Suisse and UBS are well-placed to face the more challenging current environment thanks to improved capital, the Swiss National Bank (SNB) said on Thursday.

By Francesco Canepa MILAN (Reuters) – The European Central Bank is likely to attach some loose conditions to an upcoming scheme designed to cap borrowing costs for the euro zone’s most indebted states in a bid to win support for it, sources told Reuters.

By Shashwat Awasthi and Savyata Mishra (Reuters) – Bearish bets on several Asian currencies hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID-19 lockdowns threatened to disrupt economic recovery in China, a Reuters poll found

By Wayne Cole SYDNEY (Reuters) – Australian employment rebounded strongly in May while the jobless rate held at 50-year lows as more people went looking for work, an encouraging sign the economy can withstand the higher interest rates needed to contain runaway inflation.

By Wayne Cole SYDNEY (Reuters) – Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates, with many fearing drastic action would risk tipping the world into recession.

By Tom Wilson LONDON (Reuters) – Bitcoin fell on Wednesday to a new 18-month low, dragging down smaller tokens with it, as the recent tumble in crypto markets showed no sign of letting up.

(Reuters) – Russian First Deputy Prime Minister Andrei Belousov says the rouble is overvalued and industry would be more comfortable if it fell to between 70 to 80 against the U.S. dollar from the current 57, Tass news agency said on Wednesday.

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – China’s holdings of U.S Treasuries tumbled in April to their lowest since May 2010, data showed on Wednesday, with Chinese investors likely cutting losses as Treasury prices fell after Federal Reserve officials signaled sizable rate hikes to temper soaring

By Alun John HONG KONG (Reuters) – The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 75 basis point interest rate hike as policymakers try to rein

NEW YORK (Reuters) – The U.S. dollar extended its gains on Wednesday, after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation.

LONDON (Reuters) – The European Central Bank must focus on bringing inflation back to its 2% target and policy must not be dominated by fiscal considerations, ECB President Christine Lagarde said on Wednesday.

LONDON (Reuters) – Southern European government bond yields nudged off lows but remained sharply lower on Wednesday, while the euro trimmed gains after a European Central Bank statement on addressing the recent rout in bond markets.

LONDON (Reuters) – Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, but the reprieve could prove temporary with slowing UK economic growth and a potential trade conflict with the European Union weighing on the currency.

DUBLIN (Reuters) – European Central Bank policymaker Gabriel Makhlouf said that if the bank needs to increase interest rates by more than 25 basis points in September, it may be more or less than 50.

(Reuters) – The Russian rouble was flat in Wednesday trading, while stocks gained ground, shielded from the widespread global sell-off of recent days by Moscow’s capital controls.

(Reuters) – The European Central Bank unveiled fresh measures on Wednesday to temper a market rout that has fanned fears a new debt crisis on the bloc’s southern periphery but appears to have disappointed investors looking for a more decisive step.

By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) – Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on dampening economic growth and eventually inflation, the moves might be welcomed by the Federal Reserve and other central banks.