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RPT-COLUMN-Forget recession, world economy is being run 'hot': Mike Dolan
By Mike Dolan LONDON, Oct 7 (Reuters) - The world's richest countries seem prepared to run their economies hot, leaving money and budget policies loose despite elevated inflation and mountainous debt piles. Stocks and gold get the picture and it's a jarring prospect for bonds. Aided by se...Reuters
Tue, Oct 7
Kenya converts railway loan from China into yuan to save on interest
NAIROBI, Oct 7 (Reuters) - Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on interest payments, its Finance Minister John Mbadi said on Tuesday. The conversion, which allows the higher dollar-based interest rates on the two tranch...Reuters
Tue, Oct 7
EMERGING MARKETS-Stocks up but currencies slip, investors await Polish rate decision
EM stocks up 0.25%, FX down 0.2%Hungary to announce corporate tax cuts in NovemberCzech industrial output unexpectedly falls in AugustPoland's 2024 GDP revised to +3.0% y/y Vietnam braces for FTSE decision on market upgradeBy Nikhil Sharma Oct 7 (Reuters) - Emerging market stocks rose on Tues...Reuters
Tue, Oct 7
USD/JPY: Might test the significant resistance zone of 150.90/151.20 – UOB Group
US Dollar (USD) could continue to rise; any advance is likely part of a higher range of 149.70/150.70. In the longer run, the price action suggests USD could continue to rise and test the significant resistance zone of 150.90/151.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 7
NZD/USD is trading in a higher range of 0.5810/0.5850 – UOB Group
The slight increase in upward momentum is likely to lead to New Zealand Dolla (NZD) trading in a higher range of 0.5810/0.5850. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 7
Kenya converts railway loan from China into yuan to save on interest
NAIROBI, Oct 7 (Reuters) - Kenya has completed converting a $5 billion railway loan from China from dollars into yuan currency in order to save on interest payments, its Finance Minister John Mbadi said on Tuesday. The conversion, which allows the higher dollar-based interest rates on the two tranch...Reuters
Tue, Oct 7
EUR/JPY Price Forecast: Holds near 176.00, all-time highs due to bullish bias
EUR/JPY edges lower after registering more than 1.5% gains in the previous session, trading around 176.00 during the European hours on Tuesday. The technical analysis of the daily chart indicates strengthening of a bullish bias as the currency cross remains above the ascending channel pattern.
Fxstreet
Tue, Oct 7
TRY: Fading base-effects one reason why inflation surprised upward – Commerzbank
For the release of Turkish CPI data for September, markets expected to register 32.5%y/y inflation (which would translate to 2.5% month-on-month, after seasonally-adjustment).' The outcome on the day surprised noticeably to the upside, with the month-on-month increase working out to 3.1%m/m instead
Fxstreet
Tue, Oct 7
Pound Sterling weakens against US Dollar amid political jolts in Japan and France
The Pound Sterling (GBP) declines 0.3% to near 1.3440 against the US Dollar (USD) during the European trading session on Tuesday. The GBP/USD pair slumps as the safe-haven demand of the US Dollar increases due to political jolts in Japan and France.Fxstreet
Tue, Oct 7
EUR: Every day brings French risk – Commerzbank
France's short-lived prime minister, Sebastian Lecornu, resigned unexpectedly yesterday morning. His time in office was even shorter than that of Liz Truss, the former British Prime Minister, who was forced to resign after seven weeks due to her ill-fated financial plan for Britain.Fxstreet
Tue, Oct 7
USD/CHF rallies to 0.7975 area as markets turn cautious
The US Dollar has accelerated its rebound from Monday’s lows at the 0.7940 area, reaching intra-day highs at 0.7975 so far. However, the pair remains trapped within the horizontal range of the last six weeks, below the 0.8000 psychological level.
Fxstreet
Tue, Oct 7
