Foreign Exchange


  • *Banks bid for $201 million out of $1.5 billion on offer. MOSCOW, Oct 29- A debut auction of forex repos by Russia's central bank on Wednesday met with lacklustre demand, with analysts saying banks were deterred from taking up the offer by a relatively high interest rate and short-term nature of the instrument. "Quite clearly $200 million looks quite tiny," said Maxim...

  • Seasonality rules, still no worries from oil firms Wednesday, 29 Oct 2014 | 10:43 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Traders are talking market statistics ahead of the FOMC statement, while oil companies and investors appear unconcerned by falling prices.

  • MOSCOW, Oct 29- The Russian central bank said on Wednesday it had provided $201.2 million at its first 28- day dollar repo auction. The repo was provided at an average yield of 2.4039 percent. The auction was the first to be held under a scheme to provide up to $50 billion in foreign currency repos to banks to offset a shortage of foreign currency liquidity.



  • FOREX-Dollar steadies ahead of Fed, Norwegian crown slips Wednesday, 29 Oct 2014 | 8:03 AM ET

    LONDON, Oct 29- The dollar steadied on Wednesday as investors awaited guidance from the U.S. But the main focus remained on the Fed, which is due to publish its latest statement at 1800 GMT and seems all but certain to announce the end of its $4 trillion bond-buying stimulus programme. "We expect a relatively unchanged statement, which wouldn't be all that exciting...

  • HONG KONG/ SINGAPORE, Oct 29- Central banks from Asia to America are adding the Chinese currency to their portfolios as growing trade ties and a flurry of reforms by Beijing are leading reserve managers to view the renminbi as a viable reserve currency. Acceptance of the Chinese currency among central banks and sovereign wealth funds which manage billions of...

  • LONDON, Oct 29- The dollar steadied on Wednesday as investors awaited guidance from the U.S. The Fed seems all but certain to announce the end of its $4 trillion bond-buying stimulus but is also likely to reassure markets that, with U.S. inflation weak and global growth slowing, any rate hike is still a long way off. "There is no doubt that the market goes into this with a...

  • Stocks slip after Fed statement; Dollar gains Wednesday, 29 Oct 2014 | 4:58 AM ET

    NEW YORK— An optimistic statement from the Federal Reserve sent the dollar up and gold prices down Wednesday as traders prepared for rising interest rates. At the end of a two-day meeting, the Fed said that it had ended its $4 trillion bond-buying program, known as quantitative easing, or QE for short, as a result of "underlying strength in the broader economy."

  • "Apart from rising expectations there will be a shift to a freely floating exchange rate already at Friday's rate meeting, a further worsening of sentiment could happen given disagreements over elections in the self-proclaimed DNR/LNR," Dmitry Polevoy, chief Russia economist for ING Bank in Moscow, said in a note. On Tuesday Ukraine condemned as "destructive...

  • Rouble weakens vs dollar, euro in early trade Wednesday, 29 Oct 2014 | 3:08 AM ET

    MOSCOW, Oct 29- The rouble weakened against both the dollar and the euro in early trade on Wednesday, extending losses from the previous session. At 0705 GMT, the rouble was 0.38 percent weaker against the dollar at 42.62 and lost 0.5 percent to trade at 54.32 versus the euro. The rouble has been sliding on falling oil prices, broad risk aversion towards Russia...

  • MOSCOW, Oct 29- Russia's central bank said on Wednesday it had conducted 104.88 billion roubles worth of forex interventions to defend the rouble on Oct. 27. The central bank releases its interventions data with a two-day delay. The rouble has been sliding on falling oil prices and broad risk aversion towards Russia because of its role in the Ukraine crisis.


  • *Dollar index holds steady, nurses recent losses. *Fed expected to announce end to bond buying. SINGAPORE/ SYDNEY, Oct 29- The dollar held steady on Wednesday ahead of the latest guidance from the U.S.

  • *U.S. dollar softens as market braces for dovish message from Fed. SYDNEY, Oct 29- The U.S. dollar was subdued early on Wednesday as investors waited for the latest guidance from the Federal Reserve, while a surprisingly dovish message from Sweden's central bank saw the crown slump to four-year lows. "In our view, the Riksbank's dovish forward guidance has pushed the...

  • NEW YORK, Oct 28- The dollar fell on Tuesday, as U.S. durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting. The greenback, while weaker against most major currencies, fared better than the Swedish crown after Sweden's central bank surprised investors by...

  • Quiet stock market rally; Fed put very much alive Tuesday, 28 Oct 2014 | 2:51 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks are rallying, as they usually do, before the Fed releases a policy statement tomorrow.

  • Dollar declines after weak data, Swedish crown falls Tuesday, 28 Oct 2014 | 1:17 PM ET
    Swedish Krona currency.

    The dollar fell on Tuesday on disappointing U.S. durable goods and home price data ahead of a Federal Reserve policy meeting.

  • Good gains as European markets close     Tuesday, 28 Oct 2014 | 12:29 PM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including politics in Greece and earnings by big companies including UBS and Lloyds Banking.