Forex News

By Dietrich Knauth (Reuters) – 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse in value, and crypto exchange FTX went from buying Super Bowl

WASHINGTON (Reuters) – The collapse of Bahamas-based cryptocurrency exchange FTX points up the need for the United States to cooperate with other countries to develop effective international regulations for the crypto sector, U.S. Deputy Treasury Secretary Wally Adeyemo said on Thursday.

LONDON (Reuters) – BlackRock Investment Institute’s (BII) global chief investment strategist said on Thursday the asset manager was not “chasing” the rally in shares seen after Federal Reserve chief Jerome Powell’s latest comments.

By Kevin Buckland TOKYO (Reuters) – The dollar tumbled to a three-month low versus the yen on Thursday as traders keyed on comments by Federal Reserve Chair Jerome Powell that interest rate hikes could be scaled back “as soon as December.”

JOHANNESBURG (Reuters) – Cyril Ramaphosa’s future as South African president was in question on Thursday, a day after a panel report found preliminary evidence he may have committed serious misconduct. The president has denied any wrongdoing.

MOSCOW (Reuters) – Around half of Russian cross-border payments are now being made in currencies other than the dollar and euro, up from 21% at the start of the year, the central bank said on Thursday, as Russia tries to wean itself off currencies of so-called

LONDON (Reuters) – Sterling rose to a near 16-week high against a broadly-soft dollar on Thursday, with currency traders looking past gloomy British manufacturing data for now.

(Reuters) – TP ICAP has obtained a license to register as a cryptoasset exchange provider with UK’s financial regulator through its Fusions Digital Assets marketplace, the world’s largest inter-dealer broker said on Thursday.

LONDON (Reuters) – British businesses reported a slower pace of price increases in November, and expected that inflation over the coming year would be lower than a month ago, a Bank of England survey showed on Thursday.

It was a busy morning on the economic calendar. Economic data from Germany and the euro area raised question marks over the ECB’s policy goals.

By Savyata Mishra (Reuters) – Investors turned modestly bullish on currencies of South Korea, Malaysia and Thailand, supported by prospects of China’s reopening, a Reuters poll found, while bearish positions on other Asian currencies hovered at multi-month lows amid a weaker greenback.

NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said she “practiced and practiced” writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew.

By Harry Robertson LONDON (Reuters) – The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and the Swiss franc.

AKITA, Japan (Reuters) – Bank of Japan board member Asahi Noguchi said on Thursday the central bank must keep interest rates ultra-low as the country has yet to achieve the bank’s 2% inflation target in a sustainable fashion.

By Shaloo Shrivastava BENGALURU (Reuters) – The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters who expect another modest move up early next year to curb lingering inflation pressures.

MANILA (Reuters) – The Philippines central bank has policy flexibility given a resilient economy and stands ready to adjust interest rates to bring inflation back to target, its governor said on Thursday.

A look at the day ahead in European and global markets from Ankur Banerjee:

By Carolina Mandl NEW YORK (Reuters) – BlackRock’s Chief Executive Larry Fink said on Wednesday that it seems there were some misbehaviors at crypto firm FTX, but that the technology behind crypto is relevant for the future.

(Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from any suggestion of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars.

SEOUL (Reuters) – South Korea’s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a private-sector survey showed on Thursday, possibly suggesting the worst is over for businesses.