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August 4, 2021

Currencies / Foreign Exchange Markets

Sterling takes British reopening delay in its stride

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, June 14 (Reuters) – Sterling was largely unmoved on Monday by news Britain was set to delay the end of social distancing measures, as the government tries to slow a rapid rise in......

Bank of Israel keeps benchmark interest rate at 0.1%

Reuters
JERUSALEM, April 19 (Reuters) – The Bank of Israel held its benchmark interest rate at 0.1% for an eighth straight meeting on Monday amid optimism over an economic recovery due to a rapid COVID-19 vaccine rollout and inflation turning positive. All 16 economists polled by Reuters had said they expected......

Turkish cenbank holds rates at 19%, drops tightening pledge

Reuters
By Ali Kucukgocmen, Jonathan Spicer ISTANBUL (Reuters) -Turkey’s central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and set off a market selloff. FILE PHOTO:......

English diners rush back to restaurants as lockdown eases

Reuters
FILE PHOTO: People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – British diners rushed back to restaurants on Monday, the first day that they had been open in England for......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

BOJ’s Kuroda says weak yen promises to benefit Japan’s economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda wearing a protective face mask attends a news conference as the spread of the coronavirus disease (COVID-19) continues in Tokyo, Japan, April 27, 2020, in this photo released by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda......

Sterling recovers; long positions shrink to nine-week low

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 12 (Reuters) – The pound rose on Monday, recovering partly after a weekly loss, while CFTC data showed that speculators’ net long positions fell to a nine-week low as market participants split......

NY Fed may make technical adjustment due to asset purchases, official says

Reuters
FILE PHOTO: The cornerstone for the Federal Reserve Bank of New York is pictured in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri (Reuters) – The Federal Reserve’s ongoing asset purchases are lifting bank reserves to new highs and contributing to a new......

Analysis: Mexico vs Brazil: Populist presidents confound investors

Reuters
NEW YORK (Reuters) – When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. FILE PHOTO: Brazil’s President Jair Bolsonaro looks on during a ceremony at the Sao Sebastiao neighbourhood......

Dollar stuck near two-week lows amid lower U.S. yields

Reuters
TOKYO (Reuters) – The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered no new catalysts to dictate market direction. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed......

Sterling sinks to two-week low vs euro, one-week low vs dollar

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, April 7 (Reuters) – Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to a week’s low against the dollar and its lowest......

Dollar drops with U.S. yields despite strengthening U.S. recovery

Reuters
TOKYO (Reuters) – The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in......

Cryptocurrency market cap hits record $2 trillion; bitcoin’s at $1.1 trillion

Reuters
FILE PHOTO: Representations of the Ripple, bitcoin, etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo NEW YORK (Reuters) – The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and......

Japan’s Mizuho says CEO to hold news briefing at 0900 GMT over system failures

Reuters
FILE PHOTO: Mizuho Financial Group’s Chief Executive Officer Tatsufumi Sakai poses for a photo after an interview with Reuters at the company’s headquarters in Tokyo, Japan August 20, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Mizuho Financial Group Inc said on Monday Chief Executive Tatsufumi Sakai will hold a news briefing......

Japan gathering information on Nomura, MUFG losses linked to U.S. client

Reuters
FILE PHOTO: Japan’s Deputy Prime Minister and Finance Minister Taro Aso, wearing a protective face mask, delivers his policy speech at the opening of an ordinary session of the parliament in Tokyo, Japan January 18, 2021. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Japan is looking into the financial losses incurred......

Take Five: Spring in the step

Reuters
1/ SPRING MEETINGS FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo Financial policymakers from around the globe are preparing to convene — virtually of course — for the springtime......

Big tech lifts equities as Biden rebuilding plan in focus

Reuters
By Herbert Lash, Tom Arnold NEW YORK/LONDON (Reuters) – The dollar hit a one-year high versus the yen and technology stocks led Wall Street and a key gauge of global equities higher on Wednesday, ahead of an announcement by President Joe Biden of a multitrillion-dollar plan to rebuild America’s infrastructure.......

Asian stocks poised for first monthly loss since Oct on bond rout

Reuters
SYDNEY (Reuters) – Asian stocks were on track for their first monthly loss since last October though markets were up on Wednesday and the U.S. dollar stood tall as investors focused on growing signs of a sure-footed global economic recovery. FILE PHOTO: Pedestrians wearing facial masks, following the coronavirus disease......

Britain will focus crypto rules on stablecoins, minister says

Reuters
LONDON (Reuters) – Britain will focus first on regulating stablecoins rather than the broader cryptocurrency market, its financial services minister said on Tuesday, citing the threat to competition should any major private effort dominate the emerging field. Facebook Inc’s move in 2019 to introduce its own stablecoin Diem, then known......

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