Currencies Foreign Exchange

More

  • Total foreign exchange trading volume across TR platforms, including forwards, swaps, options and non-deliverable forwards rose 12 percent on the month to $377 billion from $337 billion, but fell 5 percent on the year from $398 billion. The latest numbers from the Bank of England and New York Federal Reserve last month painted a similar picture.

  • CAIRO, Feb 8- Egypt is drafting its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar compared to 7.75 pounds this fiscal year, two government sources said on Monday, indicating the central bank is preparing to devalue. Egypt's central bank has defended the pound against growing pressure to devalue, but with foreign exchange...

  • Don't expect much alpha from EM currencies: Strategist

    Geoffrey Yu, ultra-high net worth investment strategist for UBS, discusses foreign exchange and whether or not to buy emerging market currencies.

  • There is value in EM currencies: Strategist

    Kamakshya Trivedi, chief emerging markets macro strategist at Goldman Sachs, says the "doom and gloom" around EM currencies is not new.

  • CAIRO, Feb 8- Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, as compared to 7.75 pounds the previous year, two government sources told Reuters on Monday. The proposed value of the pound in the budget being drafted indicates the Central Bank of Egypt is planning to devalue the pound from the official...

  • *Dollar extends Friday's post-payrolls gains. *Much of Asia shut for the Lunar New Year holidays. SYDNEY/ TOKYO, Feb 8- The dollar extended its post-payrolls gains on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.

  • A pedestrian holding an umbrella walks past an electronic board showing prices of Japan's Nikkei average in Tokyo.

    Policymakers at the Bank of Japan tussled over the decision to adopt negative interest rates, according to the summary released Monday.

  • *Dollar holds on to Friday's gains. *Much of Asia shut for the Lunar New Year holidays. SYDNEY, Feb 8- The dollar held onto its post-payrolls gains early on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.

  • Students take part in a rally against President Nicolas Maduro's government in Caracas on Nov. 21, 2015.

    Markets are bracing themselves for the prospect of a calamitous debt default in Venezuela, which may be worse than Argentina's 2001 crisis.

  • Iranian workers walk at a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015.

    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros.

  • China FX reserves fall almost $100B in January Sunday, 7 Feb 2016 | 5:25 AM ET

    China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.

  • BEIJING, Feb 7- China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed, but higher than the median forecast of $3.20...

  • BEIJING, Feb 5- China will continue to crack down on illegal foreign exchange activities but won't revert back to the "old road" of capital controls, the country's top foreign exchange regulator said. The remarks were made by Pan Gongsheng, head of the State Administration of Foreign Exchange, during separate meetings with Andrew Rashbass, CEO of Euromoney...

  • Traders want to know: Where's the bottom? Friday, 5 Feb 2016 | 6:05 PM ET
    A trader on the floor of the New York Stock Exchange.

    For months we have watched energy, materials, and global industrials weaken on concerns about oil oversupply and slower global growth.

  • Dollar up after data suggests 2016 rate hikes Friday, 5 Feb 2016 | 5:03 PM ET

    The dollar rebounded on Friday after data showed a pickup in U.S. wages, suggesting rates hikes are more likely to happen in 2016.

  • NEW YORK, Feb 5- The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. Labor Department data showed that average hourly earnings increased 12 cents, or 0.5 percent, last month,...

  • MOSCOW, Feb 5- Russia's central bank said on Friday it planned to introduce higher risk coefficients for foreign-currency loans and investments in debt instruments denominated in hard currency. In particular, the bank said it planned to raise to 1.1 the risk coefficient for forex loans to companies issued after April 1 this year as well as for investments in...

  • *Iran billing new oil contracts in euros- NIOC source. NEW DELHI, Feb 5- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co told...

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • *On track for worst week since May 2009. LONDON, Feb 5- The dollar inched up from a 2-1/ 2- month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited U.S. employment data for justification of the view that the Federal Reserve will not raise rates in 2016.. Commerzbank currency strategist Thulan Nguyen, in Frankfurt, said a weak...