Asia FX treads water as Fed meeting looms, dollar inches higher By Investing.com
© Reuters By Ambar Warrick Investing.com– Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the and advancing about […]
Lebanon to devalue currency by 90% on Feb. 1, central bank chief says
BEIRUT, Jan 31 (Reuters) – Lebanon will adopt a new official exchange rate of 15,000 pounds per U.S. dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years.The shift from the old rate of 1,507 to 15,000 is still […]
A Japan Shock Could Soon Hit Global Markets
A reversal in Japanese monetary policy would likely have major implications at a time when other central banks are withdrawing liquidity. Source link
The Year of the Rabbit Marks New Focus for Finalto Asia
The start of a New Year is a time for reflection, and as we celebrate the Year of the Rabbit, we look back on the previous 12 months. We chatted with CEO of Finalto Asia Alex MacKinnon, Head of Institutional Sales Alex Yap, and Chief Market Analyst Neil Wilson to get their views on the […]
Asia FX muted, dollar steadies as Fed meeting looms By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
Russia seeks ‘new level’ of China ties
MOSCOW, Jan 30 (Reuters) – Russia said on Monday that it wanted to take ties with China to a “new level” and was looking forward to face-to-face talks with Beijing’s leadership as a Russian newspaper reported that China’s top diplomat would visit Moscow in February.”We are convinced that the potential for Russian-Chinese bilateral cooperation is […]
BOJ Kuroda stresses need to maintain ultra-easy policy
TOKYO, Jan 30 (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday stressed the importance of maintaining ultra-loose monetary policy to support the economy and prod companies to raise wages.”Japan’s trend inflation is likely to gradually accelerate … but that will take some more time,” Kuroda told parliament.”Uncertainty regarding Japan’s economy is extremely high. […]
Biden says no F-16s for Ukraine as Russia claims gains
Russian administrator claims foothold in VuhledarKyiv says Russian gains come at huge costThink-tank says delay in Western arms halted Ukraine’s advanceKYIV, Ukraine/WASHINGTON Jan 30 (Reuters) – The United States will not provide the F-16 fighter jets that Ukraine has sought in its fight against Russia, President Joe Biden said on Monday, as Russian forces claimed […]
Odds ‘very high’ of U.S. military conflict with China, top Republican says
WASHINGTON, Jan 30 (Reuters) – A top Republican in the U.S. Congress said on Sunday the odds of conflict with China over Taiwan “are very high” after a U.S. general caused consternation with a memo that warned that the United States would fight China in the next two years.In a memo dated Feb. 1 but […]