Forex News

By Lucy Raitano LONDON (Reuters) – Britain’s pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound.

A look at the day ahead from Danilo Masoni.

JOHANNESBURG (Reuters) – South Africa’s central bank increased its main lending rate by 50 basis points to 4.75% in a decision announced on Thursday.

(Reuters) – The Russian rouble firmed past 63 against the dollar on Thursday, propped up by capital controls as well as looming tax payments that usually require extra conversion of foreign currency to roubles to meet local liabilities.

By Kitiphong Thaichareon and Orathai Sriring

By Dhara Ranasinghe LONDON (Reuters) – As the European Central Bank races towards the stimulus exit to tame record-high inflation, angst about whether it can contain stress in weaker economies is creeping back into corners of bond markets.

South African Reserve Bank wants crypto regulation to prevent theft and money laundering and hopes to introduce it within nine to 15 months.

LONDON (Reuters) – Average daily foreign exchange trading volumes in April hit $1.86 trillion, 5% higher than a year earlier as volatility shot higher and investors bought and sold more in spot and forward markets, CLS said on Thursday.

By Hannah Lang WASHINGTON (Reuters) – The cryptocurrency industry is scrambling to respond to U.S. lawmakers’ concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market.

(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks.

By Marc Jones LONDON (Reuters) – A new study by the central bank to the world’s central banks, the Bank of International Settlements (BIS), has called for urgent action to tackle rising wealth inequality, warning the problem was feeding a dangerous loop of recessions and poverty.

By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week after its paired stablecoin TerraUSD collapsed.

By Leika Kihara TOKYO (Reuters) – A rapid decline in the yen and market distortions caused by current monetary settings have raised the political heat on the Bank of Japan as it becomes increasingly isolated in a world of hawkish-leaning central banks.

SYDNEY (Reuters) – Australia’s unemployment rate stood at its lowest in almost 50 years in April as firms took on more full-time workers, a tightening in the labour market that will ratchet up pressure for further hikes in interest rates.

By Tommy Wilkes LONDON (Reuters) – A major investor-led initiative to get companies to take action over climate change has achieved little so far and must be clearer about how investors will pressure laggards, a report by British responsible investment NGO ShareAction said.

By Tetsushi Kajimoto TOKYO (Reuters) – More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal year due to pain from the weak yen, with roughly a quarter calling for it to take action now, a

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets struggled to carry recent gains into a fourth straight session on Wednesday and the U.S. dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook.

By Saikat Chatterjee LONDON (Reuters) – In volatile currency markets, one trade stands out as an easy bet: selling the British pound.

By Alun John HONG KONG (Reuters) – Overnight surges left the euro and pound sitting pretty in early Asia helped by good U.K. jobs data and a general improvement in investor sentiment on solid U.S. retail sales and hopes of easing lockdowns in China.

BONN, Germany (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that it would not be legal for the United States to seize assets of Russia’s central bank.