Forex

Stocks rally to end bitter week; dollar up the most since April

25/09 Stocks fell 2% around the globe this week and the dollar posted its strongest weekly performance since April as concern over the economic effect of a second wave of coronavirus-related lockdowns weighed on investors' risk. . .  Full story

C$ sees biggest weekly drop in 5 months as economic risk climbs

25/09 The Canadian dollar weakened to a seven-week low against its U.S. counterpart on Friday as rising economic and political uncertainties raised demand for safe-haven currencies, with the loonie losing ground for the third straight week.. . .  Full story

Dollar resumes its rally, showing strongest week since early April

25/09 The dollar gained ground on Friday and measured its biggest weekly gain since early April as investors worried about a slowing economic recovery, rising coronavirus infections in Europe, uncertainty about U.S. stimulus, and. . .  Full story

Colombian peso slides after rate cut; Strong dollar pressures other Latam FX

25/09 A strong dollar pressured most Latin American currencies on Friday, with Colombia's peso leading losses after the country's central bank cut interest rates to a historic low. The bank trimmed the. . .  Full story

Turkish rate hike needs follow through for real game change

25/09 Turkish policymakers are no strangers to unexpected action when in a tight corner, but analysts said Thursday's surprise interest rate hike could herald a change of tack on monetary policy.. . .  Full story

Sterling erases gains as traders weigh UK's next moves

25/09 Sterling erased earlier gains in a choppy session on Friday as investors hoped Britain's new scaled-back job support scheme would be followed by other fiscal measures but feared talks about a move to sub-zero. . .  Full story

Argentina Inc fears 'virtual default' as FX noose tightened

25/09 Argentine companies are facing an increasingly difficult task to keep up with payments on dollar debt, hiking the risk of a wave of corporate defaults after the country tightened access to foreign currency to. . .  Full story

S.Africa's stock market, rand drop amid virus resurgence

25/09 Shares on the Johannesburg Stock Exchange (JSE) fell sharply on Friday, giving up gains made earlier in the week, amid concerns that rising coronavirus cases around the world could delay economic recovery.. . .  Full story

S.Africa's stock market falls 2%, rand weakens in afternoon trade

25/09 The Johannesburg Stock Exchange (JSE) index gave up the gains made earlier in the week as the stock market plunged on Friday amid concerns that rising coronavirus cases could delay economic. . .  Full story

Japan finmin urges G7 to pressure China to abide by debt relief initiative

25/09 Japanese Finance Minister Taro Aso said on Friday that China's participation in a debt relief initiative dubbed "DSSI" was insufficient and that the Group of Seven (G7) advanced economies must put more pressure on. . .  Full story

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Ugandan shilling flat amid scarce demand by banks and importers

25/09 The Ugandan shilling traded stable on Friday from the previous session, amid flat appetite for hard currency from both players in the interbank market and merchandise importers.. . .  Full story

Take Five: Bring on Q4!

25/09 1/GO FOURTH. . .  Full story

Sri Lankan shares finish week over 2% higher

25/09 Sri Lankan shares ended higher on Friday, hitting a seven-month peak earlier in the session, supported by gains in consumer and financial stocks.. . .  Full story

China's current account expected to show small surplus in 2020 - FX regulator

25/09 China's current account is expected to show a small surplus in 2020, the foreign exchange regulator said on Friday.. . .  Full story

Forint firms against euro on deposit facility rate hike

25/09 The Hungarian forint firmed for a second straight session on Friday, after the central bank raised interest rate on its one-week deposit facility. The forint was up 0.32% at. . .  Full story

ECB's de Cos sees long road ahead to digital euro

25/09 The launch of a digital euro to complement cash is not imminent and the European Central Bank needs consult broadly and experiment rigorously before making any decision, ECB policymaker Pablo Hern├índez de Cos said. . .  Full story

Stocks, FX let up at end of brutal week; Turkey's lira climbs 1%

25/09 Turkey's lira firmed about 1% for the second day on Friday while a broader emerging market currencies index looked set to snap a four-day losing streak as the dollar retreated.. . .  Full story

Indonesia, India lead Asia stocks higher as economic worries cap gains

25/09 India and Indonesia shares led gains in Asia on Friday as signs of progress on U.S. fiscal stimulus eased the pressure on stock markets globally, although concerns about a second wave of coronavirus infections. . .  Full story

FX REGULATOR

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S.Korea stocks post sharpest weekly fall in 6 months

25/09 Round-up of South Korean financial markets:. . .  Full story

Australia, NZ dollars on track for weekly losses; RBA meeting in focus

25/09 The Australian dollar was on Friday set for its worst weekly performance since mid-March as investors bet on further monetary policy easing in the country, while its New Zealand peer was also on track. . .  Full story

Yuan advances after China joins key bond index

25/09 The yuan strengthened against the dollar on Friday as China's inclusion in a key global bond index bolstered expectations of a significant increase in capital inflows into the country. Investors cheered. . .  Full story

China's onshore dollar/yuan swap points surge to highest in nearly 3 years

25/09 China's onshore yuan forwards rose to the highest in nearly three years on Friday after news its government bonds would be included in FTSE Russell's flagship World Government Bond Index (WGBI).. . .  Full story

S.Korea stocks rebound on Wall St rally, set to post weekly fall

25/09 Round-up of South Korean financial markets: ** South Korean shares on Friday rebounded from a near two-month low hit in the previous session, as an overnight. . .  Full story

Stocks fall despite Wall St stimulus hope; dollar dips

24/09 Wall Street rose in a choppy session on Thursday on hopes of more economic stimulus but the gains were not enough to lift an index of stocks across the globe, while the dollar ticked. . .  Full story

Mexico central bank cuts rate again, but slows the pace

24/09 Mexico's central bank on Thursday again lowered borrowing costs to help stimulate an economy battered by the coronavirus pandemic, but reduced the pace of the cuts to a quarter of a percentage point in. . .  Full story

Canadian dollar outshines G10 peers as Ottawa adds to economic support

24/09 The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose and Ottawa raised support for the unemployed, with the loonie bouncing back from an earlier seven-week low, which it hit as. . .  Full story

Dollar loses ground as stocks gain on stimulus hopes

24/09 The U.S. dollar lost ground as equities gained in volatile trading on Thursday with investors betting on the prospects for a new U.S. stimulus package to boost the coronavirus-battered economy after data showed. . .  Full story

Mexican peso break losing streak, cenbank cuts rates

24/09 Latin American stocks gained on Thursday and currencies reversed early losses, with an expected interest rate cut by Mexico's central bank not hindering the peso's gains. The peso broke a four-session. . .  Full story

Germany pledges to speed up EU efforts on crypto-assets, capital market

24/09 German Finance Minister Olaf Scholz on Thursday pledged to speed up euro zone financial reforms aimed at regulating crypto-assets and deepening capital markets, which he said could help accelerate the economic recovery from COVID-19.. . .  Full story

Sterling erases gains as unemployment risk rises with new job scheme

24/09 Sterling lost some steam but remained above $1.27 in later trade on Thursday after British finance minister Rishi Sunak announced a new job support scheme but said unemployment would rise.. . .  Full story

Hungary's surprise rate hike fails to boost forint, central bank may need to act again

24/09 Hungary's central bank unexpectedly raised the interest rate on its one-week deposit tool by 15 basis points to 0.75% on Thursday, but the surprise hike failed to give a substantial boost to the weakening forint.. . .  Full story

AFRICA-FX-Kenyan shilling, black market naira seen weaker

24/09 Kenyan and Nigerian currencies are seen on the ropes next week, while Zambia's awaits direction from Friday's budget presentation and Uganda and Tanzania's hold steady.. . .  Full story

Pakistan reserves decrease $119 mln to $12,701.6 week ending Sept 18

24/09 Pakistan's foreign exchange reserves decrease $119 million to $12,701.6 million in the week ending Sept 18, compared to $12,820.4 million in the previous week, central bank said on Thursday. RESERVES. . .  Full story

EMERGING MARKETS-Turkey's lira surges after unexpected rate hike

24/09 Turkey's lira charged higher against the dollar on Thursday as investors cheered the central bank's surprise move to raise its policy rate, while emerging market stocks dropped to two-month lows.. . .  Full story

Swiss National Bank ready to step up FX purchases as it sticks to expansive stance

24/09 The Swiss National Bank is ready to buy more foreign currency, it said on Thursday, citing global political risks which could heap appreciation pressure on the safe-haven franc and stall Switzerland's post-coronavirus economic recovery.. . .  Full story

Sri Lankan shares hit 7-month high as financials jump

24/09 Sri Lankan shares ended higher on Thursday, hitting a seven-month peak earlier in the session, driven by gains in financial and consumer stocks.. . .  Full story

Many furloughed workers in UK now likely to lose job: IFS

24/09 A new jobs support scheme announced by British finance minister Rishi Sunak will not prevent many furloughed workers from losing their jobs, the head of the Institute for Fiscal Studies (IFS) think-tank said on Thursday.. . .  Full story

CBI says new UK scheme will save hundreds of thousands of jobs

24/09 A new government programme to support employers who bring staff back part-time will save hundreds of thousands of jobs, the Confederation of British Industry employers' organisation said on Thursday.. . .  Full story

Britain's Labour accuses government of being too slow with business help

24/09 Britain's opposition Labour Party accused the government of being too slow to help businesses and employees struggling with the coronavirus crisis, saying many people had already lost their jobs.. . .  Full story

UK's Sunak unveils new job support scheme; warns he cannot save every business

24/09 British finance minister Rishi Sunak announced a new jobs support scheme on Thursday that would help firms employ people on shorter hours, but warned he could not save every business or job.. . .  Full story

UK's Sunak gives businesses extra flexibility on repaying COVID-19 loans

24/09 British finance minister Rishi Sunak said on Thursday he would introduce a new scheme to give businesses flexibility to repay loans taken out during the coronavirus crisis, giving them up to 10 years to. . .  Full story

UK to extend length of COVID bounceback loans from six to 10 years

24/09 Britain will extend the length of bounceback loans for businesses, introduced to mitigate the impact of the COVID-19 pandemic, from six years to 10 years, finance minister Rishi Sunak said on Thursday. (Reporting by David. . .  Full story

EU redoubles efforts to deepen capital market

24/09 The European Union's executive European Commission set out 16 measures on Thursday to deepen the bloc's capital market over five years.. . .  Full story

CEE MARKETS-Forint firms as c.bank unexpectedly raises one-week deposit rate

24/09 The Hungarian forint firmed on Thursday, after the central bank unexpectedly raised the interest rate on its one-week deposit facility by 15 basis points to 0.75%. The forint had weakened in. . .  Full story