Currencies

Court gives 5 days for X to validate its Brazil legal representative

The Brazilian Supreme Court gave Elon Musk-owned social platform X five days to present documents validating its new legal representative in the country, a court decision showed on Saturday. ...

Tech giants push to dilute Europe's AI Act

The world's biggest technology companies have embarked on a final push to persuade the European Union to take a light-touch approach to regulating artificial intelligence as they seek to fend off the...

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports

Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC daily reported on...

BOJ keeps interest rates steady, sticks to upbeat economic view

The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery. In a widely expected move, the central bank left...

BOJ to keep policy steady, signal more rate hikes to come

The Bank of Japan is set to keep monetary policy steady on Friday, but signal its confidence that solid wage growth and consumption will allow the central bank to raise interest rates again in coming...

Dax hits record high after US interest rate turnaround - 19,000 in sight

The long-awaited interest rate turnaround in the USA gave the Dax a tailwind on Thursday. The leading German index climbed by 1.5 percent to a new record high of 18,991.52 points. The...

Sterling rises vs dollar after Fed; BoE in focus

Sterling rose against a weakening dollar after the Federal Reserve cut interest rates by 50 basis points, with investors awaiting the outcome of the Bank of England policy meeting on Thursday expected...

Bullish bets steady on Asian currencies as Fed easing bets soften dollar

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve enhanced...

Fed policymakers see end-2024 policy rate at 4.4%: projections

U.S. central bankers think they'll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal and unemployment...

Dax expected higher ahead of Fed decision

The Dax will start Tuesday with gains according to the price trend on the futures markets. Investors on the European stock markets were initially cautious at the start of the week ahead...

BNP Paribas says euro could rise, not fall, if recession hits

BNP Paribas Markets 360 reckons the euro could rally against the dollar if there is a global recession, marking a break with past trading dynamics. ...

Morning bid: Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the...

Norway central bank to keep rates on hold this week, cut in December- Reuters poll

Norway's central bank will keep its key policy interest rate unchanged this week at a 16-year high of 4.50%, all 27 economists in a Reuters poll said, as investors look for signs of when Norges Bank...

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever

ORLANDO, Florida -Hedge funds are their most bullish on the Japanese yen in eight years, but as their 'long' positions grow and the currency strengthens, yen volatility is also rising. ...

Central bank body BIS urges cenbanks not to squander interest rate buffers

The Bank for International Settlements has urged top central banks not to squander the interest rate buffers they have rebuilt over the last couple of years by now cutting them again too rapidly. ...

Sterling slightly up ahead of UK inflation data, BoE meeting next week

The British pound gained slightly on Friday, adding to Thursday's rise off a three-week low against the dollar, as the focus shifted to next week's UK inflation data and central bank meeting. ...

Dollar weak as traders add to wagers of big rate cut from Fed

The dollar softened on Friday, with the euro and the yen on the rise as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the...

Swiss banks fret over sanctions risk to wealth business

A survey of Swiss banks has highlighted international sanctions imposed on other countries, such as against Russia over Ukraine, as the greatest geopolitical risk to their business. The...

Ukraine businesses hire more women and teens as labour shortages bite

After spending years in what she described as boring, sedentary roles in the offices of several Ukrainian companies, Liliia Shulha landed her dream job as a truck driver with Ukraine's leading...