News
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Bank of Canada says Canada should weigh merits of stablecoin regulation
OTTAWA, Sept 18 (Reuters) - The Bank of Canada said on Thursday that Canada should consider the merits of stablecoin regulation and said it wanted the federal and provincial authorities to work together and quickly to help advance payment regulatory frameworks."Canada should... weigh the merits ...Reuters
Thu, Sep 18
Foreign holdings of US Treasuries surge to record in July; China's plunge
NEW YORK, Sept 18 (Reuters) - Foreign holdings of U.S. Treasuries rose to an all-time peak in July, data from the Treasury Department showed on Thursday, hitting record highs for a third straight month, led by gains in holdings from Japan and the United Kingdom.Holdings of U.S. Treasuries surged to ...Reuters
Thu, Sep 18
FOREX-Dollar recovers as Fed fails to meet dovish expectations
Fed's guidance leads to dollar's initial plunge, then reboundBoE slows pace of QT, skews away from long-dated gilt salesBank of Norway cuts rates by 25 bps, as expectedJPY slips ahead of BOJ decision on FridayBy Saqib Iqbal Ahmed NEW YORK, Sept 18 (Reuters) - The U.S. dollar rose against ...Reuters
Thu, Sep 18
Bessent says China's yuan rate is bigger problem for Europe than US
By David Lawder Sept 18 (Reuters) - U.S. Treasury Secretary Scott Bessent said he views China's yuan valuation as a bigger problem for Europe than the United States, as the currency has risen against the dollar but has declined against the euro. Bessent said in an interview with Reuters and...Reuters
Thu, Sep 18
CANADA FX DEBT-Canadian dollar weakens as investors unravel central bank rate signals
Canadian dollar falls 0.2% against the greenbackTrades in a range of 1.3766 to 1.3809Price of oil decreases 0.9%Canada-U.S. 10-year spread widens to 91.9 basis pointsBy Fergal Smith TORONTO, Sept 18 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Thursday, pressured by po...Reuters
Thu, Sep 18
Bank of England slows pace of bond rundown, keeps rates steady
BoE cuts pace of QT to 70 billion pounds from 100 billionMPC votes 7-2 to keep Bank Rate at 4%, as expectedFuture gilt sales to be skewed to short- and medium-dated giltsGovernor Bailey says UK 'not out of the woods' on inflationBy David Milliken and Suban AbdullaLONDON, Sept 18 (Reuters) - ...Reuters
Thu, Sep 18
FOREX-Dollar rebounds as Fed rate cut fails to meet dovish expectations
Fed's guidance leads to dollar's initial plunge, then reboundBoE slows pace of QT, skews away from long-dated gilt salesBank of Norway cuts rates by 25 bps, as expectedJPY slips ahead of BOJ decision on FridayBy Saqib Iqbal Ahmed NEW YORK, Sept 18 (Reuters) - The U.S. dollar strengthened ...Reuters
Thu, Sep 18
South African central bank holds key rate to assess impact of earlier cuts
Repo rate maintained after cut at last meetingEconomists had predicted close callBank has aimed for 3% inflation since JulyBy Anathi Madubela, Sfundo Parakozov and Alexander Winning PRETORIA, Sept 18 (Reuters) - South Africa's central bank left its key lending rate at 7% in a tight deci...Reuters
Thu, Sep 18
U.S. judge declares Venezuelan oil company PDVSA's 2020 bonds valid
NEW YORK, Sept 18 (Reuters) - A U.S. judge upheld the validity of Venezuelan state oil company PDVSA's 2020 bonds on Thursday, in a blow to the company, which had argued that the defaulted bonds were not properly issued.Reuters
Thu, Sep 18
Pound and UK assets shrug off BoE balancing act
Pound, gilt yields dip modestly in steady tradingRate and QT decision widely expectedMismatch seen between investor, market rate expectationsBy Jaspreet Kalra, Naomi Rovnick and Canan Sevgili MUMBAI/LONDON, Sept 18 (Reuters) - The pound and other UK assets held steady on Thursday, after the Bank ...Reuters
Thu, Sep 18
US Fed starts easing path, other major central banks on hold
Fed, Bank of Canada cut ratesBank of England leaves rates on holdMarkets see lower chance of further ECB rate cutsBy Sara Rossi LONDON, Sept 18 (Reuters) - The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept intere...Reuters
Thu, Sep 18
Dollar choppy after Fed decision; pound steady after BoE keeps rates steady
TOKYO/LONDON, Sept 18 (Reuters) - The U.S. dollar was choppy on Thursday as traders parsed the Federal Reserve's measured stance on further interest rate cuts, while sterling held steady as the Bank of England kept rates steady and slowed the pace of its government bond sales.Reuters
Thu, Sep 18
DeFi Technologies' Valour Digital Securities Launches First Bitcoin Staking ETP on London Stock Exchange
Sept 18 (Reuters) - DeFi Technologies Inc DEFI.NLB:DEFI TECHNOLOGIES' SUBSIDIARY VALOUR DIGITAL SECURITIES LIMITED LAUNCHES THE FIRST BITCOIN STAKING ETP ON THE LONDON STOCK EXCHANGEReuters
Thu, Sep 18
Gilts, pound steady after BoE slows QT, keeps rates steady
MUMBAI, Sept 18 (Reuters) - British government bonds and the pound offered a muted reaction to the Bank of England's widely expected decision on Thursday to leave interest rates unchanged and slowing the pace of its sovereign debt holdings.The yield on the benchmark 10-year gilt GB10YT=RR was st...Reuters
Thu, Sep 18
INDIA RUPEE-Rupee ends lower tracking Asian peers as investors parse Fed outlook
MUMBAI, Sept 18 (Reuters) - The Indian rupee weakened alongside its regional peers on Thursday as investors digested the U.S. Federal Reserve's widely anticipated interest rate cut and its measured stance on further easing of benchmark borrowing costs. The rupee INR=IN closed at 88.13 against th...Reuters
Thu, Sep 18
RPT-COLUMN-BoE gilt sales more hassle than they're worth: Mike Dolan
By Mike Dolan LONDON, Sept 18 (Reuters) - Britain's own peculiar dance with central bank independence centers on whether the Bank of England should stop aggravating government debt servicing costs by halting its active sale of gilts. While the optics may be tricky, ongoing bond sales seem har...Reuters
Thu, Sep 18
