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November 30, 2021

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Turkey reaffirms commitment to rate-cutting despite lira plunge

Reuters
Deputy minister says Turkey determined to keep rates low Central bank says in harmony with banking sector Lira trades flat after weakening as much as 45% this year ANKARA, Nov 26 (Reuters) – Turkey reaffirmed on Friday its commitment to recent aggressive rate cuts, despite a lira plunge to record......

Euro zone bond yields rise, eyes on U.S. Treasuries

Reuters
Euro zone periphery govt bond yields Nov 22 (Reuters) – Euro zone government bond yields rose on Monday as a jump in U.S. yields outweighed the impact of fading risk appetite in Europe on new pandemic lockdowns. U.S. Treasury 10-year yield rose 5 basis points to 1.58% in London trade,......

Euro zone bond yields rise, eyes on U.S. Treasuries

Reuters
Euro zone periphery govt bond yields Nov 22 (Reuters) – Euro zone government bond yields rose on Monday as a jump in U.S. yields outweighed the impact of fading risk appetite in Europe on new pandemic lockdowns. U.S. Treasury 10-year yield rose 5 basis points to 1.58% in London trade,......

Analysis: ‘Perfect storm’ lifts dollar over unsettled markets

Reuters
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File Photo NEW YORK, Oct 1 (Reuters) – A grinding rally in the dollar is picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the......

Boston Fed’s first look at digital U.S. dollar nearly done, official says

Reuters
A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Sept 29 (Reuters) – The first phase of a multi-year research project the Boston Federal Reserve is doing with the Massachusetts Institute of Technology on the technology that could be used for a digital......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Myanmar currency drops 60% in weeks as economy tanks since February coup

Reuters
People line up outside a bank to withdraw cash, in Yangon, Myanmar May 13, 2021. REUTERS/Stringer Sept 29 (Reuters) – Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military......

Petrobras eyes Brazil price hikes despite political pressure

Reuters
People walk in front of the Brazil’s state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil, October 16, 2019. REUTERS/Sergio Moraes//File Photo Sept 27 (Reuters) – Brazil’s state-run oil company, Petrobras (PETR4.SA), is considering raising fuel prices as the prices of some petroleum derivatives are out of line with......

Wall St Week Ahead Fed’s coming taper fans talk of renewed ‘reflation’ trade

Reuters
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo NEW YORK, Sept 24 (Reuters) – The Federal Reserve’s signal that it will soon unwind its bond buying program is bolstering the case in financial markets......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

Erdogan’s waning patience: Four questions for Turkey’s central bank

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo As world preps for tighter policy, Turkey looks to ease Erdogan has urged rate cuts despite rising inflation ISTANBUL, Sept 20 (Reuters) – Turkey’s central bank has begun setting the stage......

Turkey raises required reserve ratios for forex deposits

Reuters
Turkey’s Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. REUTERS/Umit Bektas//File Photo ISTANBUL, Sept 15 (Reuters) – Turkey’s central bank said on Wednesday it raised the required reserve ratio for forex and precious metal deposits by 200 basis points, in a move economists......

MORNING BID Currencies at a crossroad – Reuters

Reuters
MORNING BID Currencies at a crossroad Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

NFT sales surge as speculators pile in, sceptics see bubble

Reuters
LONDON, Aug 25 (Reuters) – Non-fungible token (NFT) sales surged in August, according to the largest platform for the burgeoning digital asset class, as speculators bet growing interest across the art, sport and media worlds will keep prices rising. The niche crypto asset, which is a blockchain-based record of ownership......

Asian stocks hold gains as markets await Powell speech

Reuters
A man wearing a facial mask in Tokyo, Japan, January 4, 2021. REUTERS/Kim Kyung-Hoon HONG KONG, Aug 25 (Reuters) – Asian shares held onto their recent gains on Wednesday after last week’s pummelling, as global equities rebounded, though the focus for most asset classes was the U.S. Federal Reserve’s annual......

Kiwi hit by new virus case; souring risk sentiment supports yen, Swiss franc

Reuters
Kiwi hit by first community COVID-19 case since February Aussie slips on dovish RBA minutes Yen, Swiss franc supported as Delta variant worries grow TOKYO, Aug 17 (Reuters) – The New Zealand dollar tumbled on Tuesday after the country discovered its first community case of COVID-19 in six months while......

Analysis: Debt in a warm climate: coronavirus and carbon set scene for default

Reuters
As COVID fuels world debt, climate costs in focus Ratings downgrades linked to climate expected soon Major and developing economies viewed as vulnerable LONDON, Aug 12 (Reuters) – Where COVID-19 has precipitated unprecedented debts, climate change could trigger defaults across a planet which a United Nations panel says is dangerously......

Lebanese government, central bank clash over fuel subsidies

Reuters
Central bank announced halt to subsidies late Wednesday Government accuse central bank of unilateral action BEIRUT, Aug 12 (Reuters) – The Lebanese government clashed with the central bank on Thursday over its move to end fuel subsidies that have drained the currency reserves, saying prices must not change and subsidies......

Dollar edges higher after U.S. producer prices surge

Reuters
U.S. producer prices post solid rise; jobless claims fall Dollar index up 0.1% NEW YORK, Aug 12 (Reuters) – The U.S. dollar edged higher against a basket of currencies on Thursday, after data showed producer prices posted their largest annual increase in more than a decade in the 12 months......

Fed officials say tapering is near, advancing discussion on rate hike

Reuters
Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry Aug 9 (Reuters) – Two Federal Reserve officials said on Monday that the U.S. economy is......

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