Currencies Foreign Exchange

  • *ECB policy decision due 1245 GMT, Draghi at 1330 GMT. LONDON, Jan 24- The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank's first meeting of the year. Progress, or lack of it, in U.S.- China trade talks was also in focus, as were signs of a Brexit...

  • *ECB meeting eyed by emerging Europe investors. MSCI's index of developing world stocks rose half a percent, aided by gains of at least 0.4 percent in Asian heavyweights such as China and South Korea. South Africa's rand firmed 0.2 percent, to build on Wednesday's 1.1 percent gain which came on a day when data showed inflation in Africa's most industrialised...

  • LONDON, Jan 24- Sterling consolidated gains on Thursday after rocketing to a 11- week high overnight on growing optimism that British lawmakers would be able to avoid a no-deal Brexit. On Thursday, the British currency edged a fifth of a percent lower at $1.3038 after briefly scaling a 2-1/ 2 month high of $1.3094 in the Asian session. It was trading just below a key...

  • LONDON, Jan 24- The euro fell on Thursday ahead of a European Central Bank meeting in which policymakers may express caution about slowing economic growth. If recent weaker-than-expected economic activity in Germany and France leads ECB President Mario Draghi to point to a potentially longer lasting slowdown, that could hurt the euro. Germany, France and...

  • Deutsche Bank sees dollar-yen heading to 100 level

    Sameer Goel of Deutsche Bank says the dollar-yen could strengthen to 100 by the end of 2019.

  • FX@ Jan 23- Brazil stocks scaled an all-time high on Wednesday and the currency firmed, boosted by the country's economy minister reiterating that much needed pension reforms remained the government's top priority, while a weaker dollar helped some other Latin American currencies rise. In Brazil, the real rose 1.3 percent and posted its biggest one-day gain in...

  • NEW YORK, Jan 23- The dollar edged down against a basket of currencies on Wednesday as uncertainties over trade and the global economy clouded the U.S. currency's near-term outlook and restricted it to tight trading ranges against other major currencies. "The trade conflicts and tensions, the shutdown and certainly more chatter about global growth in 2019,...

  • JOHANNESBURG, Jan 23- The South African rand rallied against a weaker dollar on Wednesday as top trading partner China pledged more fiscal spending to support its own slowing economy. The signal from Chinese finance ministry officials on Wednesday that the world's second-largest economy will increase stimulus measures this year helped ease concerns...

  • DAVOS, Switzerland, Jan 23- Argentine Central Bank Governor Guido Sandleris said on Wednesday that the bank's monetary policy committee would be looking at its current daily limit on foreign exchange purchases of up to $50 million. He said in coming weeks the bank would look at the amount of purchases that the central bank would undertake if the peso were to...

  • LONDON, Jan 23- Selling pounds has been a favorite game of the $5.1 trillion- a-day global currency market for over two years. Since late-December, investors who normally rely on weekly data from the Commodity Futures Trading Commission to gauge positioning in major currencies have flown blind, as the U.S. government shutdown prevents the release of the figures.

  • LONDON, Jan 23- Sterling rose above $1.3 on Wednesday on signs that British lawmakers will move to prevent a disorderly no-deal exit from the European Union. With little time left until the March 29 Brexit deadline, there is no agreement in London on how or even whether it should exit the world's biggest trading bloc. But Britain's opposition Labour Party said on...

  • SINGAPORE, Jan 23- The safe-have Japanese yen kept overnight gains against the dollar as concerns about slowing global growth and U.S.-Sino trade tensions drove investors away from risky assets. On Monday, the International Monetary Fund cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the Eurozone, and said...

  • *Brazil markets fall as president fails to detail pension reforms. The MSCI Index of Latin American shares fell nearly 1 percent, with Brazil stocks shedding 0.9 percent, and Argentine equities tumbling 3.6 percent and posting their biggest one-day loss in more than one month. In Brazil, consumer stocks were the biggest losers with meat distributors Marfrig...

  • *Loonie touches its weakest since Jan. 7 at 1.3355. TORONTO, Jan 22- The Canadian dollar weakened to a two-week low against its U.S. counterpart on Tuesday as investors worried about the global growth outlook and weaker-than-expected data added to evidence that Canada's economy slowed at the end of 2018. The data supported the Bank of Canada's gloomy short-term...

  • *U.S. rejects offer from China for preparatory trade talks- FT. A report that the United States had rejected China's offer for preparatory trade talks put further pressure on the dollar. "The IMF's forecast contributed to the global growth concerns, the report about the U.S.- China negotiations perhaps contributing to less optimism surrounding the talks and...

  • NEW YORK, Jan 22- The dollar rose against a basket of other major currencies on Tuesday, a day after the International Monetary Fund trimmed its global growth forecasts, and as worries about U.S.-Chinese trade tensions drove investors to shun riskier currencies. Lack of signs of progress in trade talks between the United States and China, the IMF downgrade and...

  • ZURICH, Jan 22- Negative interest rates and a readiness to intervene in the foreign currency markets are still needed to ward off a rise in the franc that would trigger deflation in Switzerland, Swiss National Bank governor Andrea Maechler said on Tuesday. Maechler's comments echoed her governing council colleagues Thomas Jordan and Fritz Zurbruegg, who have...

  • subdued@ Jan 22- Stocks in Brazil fell on Tuesday dragged stemming from weak Chinese economic data and a lowered outlook for 2019 from the International Monetary Fund. Investor also focused on President Jair Bolsonaro's speech at the World Economic Forum in Davos, Switzerland, where he is slated to unveil details about the new government's economic reforms,...

  • LONDON, Jan 22- The euro struggled near a three-week low on Tuesday as weak data and a cut in European growth forecast by the International Monetary Fund prompted investors to turn bearish on the single currency. "The outlook for the euro has become a bit more cautious and that is reflected in the positioning data," said Kamal Sharma, director of G10 FX strategy at...

  • LONDON, Jan 22- Sterling rose on Tuesday after strong employment data suggested Britain's labour market remained robust despite an economic slowdown ahead of Brexit. Investors are focused on how PM Theresa May will negotiate with the EU over the next few days, "said Tyler Griffin, a currency specialist at OFX. Sterling firmed on Monday after British Prime...