Foreign Exchange


  • MOSCOW, Dec 17- The Russian rouble strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock. That poses a major challenge for President Vladimir Putin whose popularity, based partly on providing stability and prosperity, is at risk from the rouble's decline, which is...

  • MOSCOW, Dec 17- Russia's Finance Ministry is already selling foreign exchange on the market, Interfax news agency said on Wednesday, quoting a source. Earlier on Wednesday the Finance Ministry said it was starting to sell its leftover foreign-currency stock and that it considered the rouble to be undervalued. The ministry did not elaborate in its statement on...


  • TOKYO, Dec 17- Japan's Nikkei stock index is expected to gain around 13 percent next year, as a weaker yen raises hopes of higher earnings for exporters, while the Bank Of Japan's asset buying programme is seen underpinning risk appetite, a Reuters poll found. Japan's benchmark is expected to rise to 19,000 by the end of 2015, according to the median forecast of 62...

  • What was really behind the ruble's plummet?  Wednesday, 17 Dec 2014 | 1:00 AM ET

    Simon Derrick, chief currency strategist at BNY Mellon, discusses the catalysts for the rapid decline of the Russian ruble.

  • Euro will fall to $1.10 in 12 months: Pro  Wednesday, 17 Dec 2014 | 1:00 AM ET

    Simon Derrick, chief currency strategist at BNY Mellon, says policy divergence between the European Central Bank and U.S. Federal reserve will see euro/dollar fall to $1.10 in 12 months.

  • Expect Fed to be 'slightly hawkish': Nomura  Wednesday, 17 Dec 2014 | 12:08 AM ET

    Craig Chan, Head of FX Strategy at Nomura, says markets expect the phrase "considerable time" to be revised in the Fed's policy statement, but warns that a rate hike won't be an imminent event.

  • Will 'rublegeddon' take down emerging markets? Wednesday, 17 Dec 2014 | 12:05 AM ET

    The ruble's plummet has spurred world-wide jitters, but it isn't clear whether 'rublegeddon' can or should cause a global rout like the 1998 crisis.

  • How will cheaper oil affect EM Asia in 2015  Tuesday, 16 Dec 2014 | 10:33 PM ET

    Jahangir Aziz, Head of EM Asia Economic Research at JP Morgan, discusses whether continued weakness in oil prices could derail growth in emerging Asia next year.

  • Anticipating the Fed's actions  Tuesday, 16 Dec 2014 | 9:48 PM ET

    Ahead of the FOMC's statement on Wednesday, Geoff Kendrick, Head of Asia FX & Rates Strategy at Morgan Stanley, outlines two ways in which the Fed could react to concerns about oil and Russia.

  • *Risk aversion rises on Russia's financial crisis. TOKYO, Dec 17- The dollar nursed its losses in early Asian trading on Wednesday, pulling away from lows hit overnight on skidding oil prices, Russia's financial crisis, and speculation that the Federal Reserve might take a more cautious tone on monetary policy. We also expect committee members to raise their...

  • Herald Van der Linde, Head of Equity Strategy, Asia-Pacific at HSBC, says traders could see a repeat of 2004's bond markets, where a rise in yields was constrained to a period just before and after the first rate hike.

  • SYDNEY, Dec 17- World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. The jump in the yen is likely to pressure Japan's Nikkei while fears of capital flight will haunt emerging markets across Asia. MSCI's index of Asia-Pacific shares...

  • With a low debt-to-GDP ratio, Russia isn't having a balance sheet crisis that will lead to a default, says Jim Swanson, Chief Investment Strategist at MFS Investment Management.

  • Why Russia's woes won't trigger 1998 crisis again  Tuesday, 16 Dec 2014 | 5:50 PM ET

    Paul Christopher, Chief International Investment Strategist at Wells Fargo Advisors, doesn't expect a repeat of 1998's crisis due to differences in Russia's economy such as a free-floating currency.

  • Russia in 'full-fledged currency crisis': Pro  Tuesday, 16 Dec 2014 | 5:17 PM ET

    Jack Bouroudjian, Chief Investment Officer at Index Financial Partners, says impact of the crisis will likely center around the old Soviet bloc.

  • How the Dow Jones industrial average did Tuesday Tuesday, 16 Dec 2014 | 5:10 PM ET

    Sudden twists in the price of oil and currency trading turned the stock market into a roller-coaster ride. Indexes ended slightly lower after an early rally fizzled. The price of crude oil stabilized after a prolonged rout, bringing relief to energy stocks and the Russian ruble, both of which have been battered by a slump in oil.

  • Five thousand rouble notes.

    The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone.

  • NEW YORK, Dec 16- The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone on monetary policy, while a slide in oil prices pushed the Russian rouble to new lows and boosted the safe-haven yen. "That the FOMC sounds dovish either in the statement or the press conference is certainly a risk to the...

  • FXCM, one of the biggest platforms catering to online and retail traders of currencies, said the halt stemmed from the expectations of banks that Moscow would impose outright capital controls within the next few days. "As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at Noon...