Forex News

The highest-ranking members of the Chinese Communist Party will gather in the coming days and are set to green-light another term for President Xi Jinping.

By Oliver Griffin BOGOTA (Reuters) – Theft from oil pipelines in Colombia is booming as criminal gangs look to replace dwindling supplies of smuggled Venezuelan gasoline for use in the drug trade, as shown by data seen by Reuters from oil-pipeline operator Cenit and tax authorities.

FRANKFURT (Reuters) – Tightening monetary policy to temper the current bout of inflation in the euro zone would be counterproductive, European Central Bank chief economist Philip Lane said on Monday, largely repeating the bank’s recent policy stance.

By Jamie McGeever ORLANDO, Fla. (Reuters) – Hedge funds went into last week’s Bank of England’s policy meeting the most positive on sterling since July, but many will have been burned by the Bank’s surprise decision not to raise interest rates.

By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) policymakers see the need to maintain ultra-easy policy as inflation is rising only modestly and wage growth remains feeble, a summary of opinions from their October meeting showed on Monday.

BEIJING (Reuters) – China’s foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of other major currencies.

LONDON (Reuters) – There is a growing expectation that Britain will trigger Article 16, a clause which allows for unilateral action if the Northern Irish Protocol, governing post-Brexit trade with the EU, is deemed to be having a negative impact, RTE reported on Friday.

By Timour Azhari BEIRUT (Reuters) – At Oriental Paper Products, a stationery factory outside Beirut, machinery sits idle and shifts have been reduced. The firm was already struggling amid Lebanon’s financial crisis; a full-blown diplomatic row with Saudi Arabia has made matters worse.

LONDON (Reuters) – Sterling held near a one-year low on Friday, extending its losses after the Bank of England surprised the market by leaving interest rates unchanged on Thursday with investors betting that policymakers will keep rates on hold for now.

It’s a relatively busy day ahead on the economic calendar. While data from Germany and for the Eurozone will draw interest, U.S nonfarm payrolls will be the key stat of the day.

LONDON (Reuters) – A great central bank exit from the extraordinary stimulus unleashed to keep economies afloat during the COVID-19 pandemic is underway, with the United States and Australia this week moving away from hefty policy support.

By Alun John HONG KONG (Reuters) – The dollar halted its slide on Thursday after losing ground the day before when the U.S. Federal Reserve said it would not rush to raise interest rates, while the pound was on edge ahead of a closely watched Bank

By Joice Alves LONDON (Reuters) – Sterling fell against a strengthening dollar on Thursday but the slide was capped by some expectations that the Bank of England could become the first major central bank to raise interest rates since the coronavirus pandemic.

By Terje Solsvik and Victoria Klesty OSLO (Reuters) – Norway’s central bank said on Thursday it plans to raise its key policy interest rate next month, continuing a campaign of monetary tightening that started in September https://www.reuters.com/world/europe/norway-raises-interest-rates-says-another-hike-likely-december-2021-09-23.

By Sameer Manekar (Reuters) – Investors trimmed bearish bets on most Asian currencies, encouraged by the reopening of tourism-reliant economies, while sentiment remained moderately bullish on China’s yuan despite signs of economic stress, a fortnightly Reuters poll found.

A look at the day ahead from Danilo Masoni.

By Tommy Wilkes and Simon Jessop LONDON (Reuters) – European financial regulators say they are uncovering more cases of greenwashing by asset managers cashing in on booming demand for sustainable finance, and some are starting to turn the screw on funds that cannot back up what

MOSCOW (Reuters) – The Russian economy will grow 3.0% in 2022 after expanding 4.3% this year, the European Bank for Reconstruction and Development said on Thursday, pointing to geopolitical risks that could cloud the economic outlook.

By Tetsushi Kajimoto TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda on Thursday suggested his bank was in no mood to exit its massive monetary stimulus programme soon, speaking after the U.S. Federal Reserve decided overnight to taper massive asset purchases.

NEW YORK (Reuters) – The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove “transitory” and likely not require a fast rise in