News
Important Only
FOREX-US dollar gains against peers, pound sterling drops as markets weigh Fed cut
British pound sterling falls amid gilt selloffDollar gains against yen, euro and Swiss francADP employment number falls in JuneBy Chibuike Oguh NEW YORK, July 2 (Reuters) - The U.S. dollar gained against major currencies including the yen, Swiss franc and the euro on Wednesday as data supported m...Reuters
Wed, Jul 2
Sberbank CEO puzzled by Russia's push to create digital rouble
ST PETERSBURG, Russia, July 2 (Reuters) - German Gref, CEO of Russia's dominant lender Sberbank SBER.MM, on Wednesday said he did not see any potential benefits to Russia's development of the digital rouble beyond the possible exception of cross-border settlements. Russian banks will be requ...Reuters
Wed, Jul 2
FOREX-US dollar gains against peers, pound sterling drops as markets weigh Fed cut
British pound sterling falls amid gilt selloffDollar gains against yen, euro and Swiss francADP employment number falls in JuneBy Chibuike Oguh NEW YORK, July 2 (Reuters) - The U.S. dollar gained against major currencies including the yen, Swiss franc and the euro on Wednesday as data helped to s...Reuters
Wed, Jul 2
GBP/USD plunges as UK political turmoil rattles markets, Reeves’ future in doubt
The Pound Sterling plummets sharply, more than 1.20% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
Fxstreet
Wed, Jul 2
Russian central bank head warns of turbulent times ahead despite slowing inflation
Russian economy adapted to sanctions, central bank's head saysRussian inflation is slowing downNew structural shift lies ahead, Nabiullina warnsBy Elena Fabrichnaya and Gleb BryanskiST PETERSBURG, Russia, July 2 (Reuters) - The Russian economy has adapted to Western sanctions and inflation is n...Reuters
Wed, Jul 2
Nigeria needs to recalibrate its budget for lower oil prices, says IMF
Nigeria's 2025 budget assumes oil price of $75, significantly above current levelCountry's challenges include poverty and food insecurityCurrency market reforms have resulted in better supply-demand balanceBy Karin Strohecker LONDON, July 2 (Reuters) - Nigeria needs to adapt its 2025 budg...Reuters
Wed, Jul 2
GBP/USD slumps over 1% as UK political turmoil triggers market sell-off
The British Pound (GBP) weakens against the US Dollar (USD) on Wednesday, with GBP/USD sliding over 1% on the day from its highest level since October 2021. The pair is trading near 1.3593 during the American session, as political and fiscal jitters weigh on Sterling sentiment.Fxstreet
Wed, Jul 2
U.S. dollar to stay under pressure from tariff, debt and rate cut expectations
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll dataReuters poll graphic on euro-dollar forecasts - https://reut.rs/4erRAfwReuters poll graphic on year-ahead major currency forecasts - https://reut.rs/4lA2P8aBy Sarupya Ganguly BENGALURU, July 2 (Reuters) - The U.S. d...Reuters
Wed, Jul 2
INSTANT VIEW-UK markets see 2022-style selloff as worries build over finance minister
LONDON, July 2 (Reuters) - British government bond prices fell by the most since October 2022 and the pound tumbled on Wednesday, after finance minister Rachel Reeves appeared visibly distressed in parliament, a day after the government sharply scaled back plans to cut benefits. The yield on th...Reuters
Wed, Jul 2
GBP/JPY drops to two-week low below 196.00 on UK political jitters
Pound Sterling stays under heavy selling pressure on Wednesday as markets assess the latest political developments in the UK. At the time of press, GBP/JPY was trading at its lowest level in two weeks near 195.50, losing 0.8% on a daily basis.
Fxstreet
Wed, Jul 2
INSTANT VIEW-UK bonds, sterling selloff sharply as worries build over finance minister
LONDON, July 2 (Reuters) - British government bond prices fell by the most since October 2022 and the pound tumbled on Wednesday, after finance minister Rachel Reeves appeared visibly distressed in parliament, a day after the government sharply scaled back plans to cut benefits. The yield on th...Reuters
Wed, Jul 2
Nigeria needs to recalibrate its budget for lower oil prices, says IMF
LONDON, July 2 (Reuters) - Nigeria needs to adapt its 2025 budget to lower oil prices and scale up cash transfers to shield the most vulnerable parts of its population, the International Monetary Fund said on Wednesday.Releasing the results of its routine "Article IV" assessment of Nigeria&#...Reuters
Wed, Jul 2
INSTANT VIEW-UK bonds, sterling selloff sharply as worries build over finance minister
LONDON, July 2 (Reuters) - British government bond prices fell by the most since October 2022 and the pound tumbled on Wednesday, after finance minister Rachel Reeves appeared visibly distressed in parliament, a day after the government sharply scaled back plans to cut benefits. The yield o...Reuters
Wed, Jul 2
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% lower at C$1.3649 to the greenback, or 73.27 U.S. cents, after trading in a range of 1.3631 to 1.3658.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Jul 2
POLL-Mexico peso set to slip after expiry of US tariff hike freeze
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=BRL= poll data on Brazil realreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=MXN= poll data on Mexican pesoreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ARS= poll data on Argentine pesoBy Ga...Reuters
Wed, Jul 2
