News
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Russian finance ministry plans to purchase foreign currency in coming month
MOSCOW, May 7 (Reuters) - The Russian Finance Ministry announced on Wednesday that it plans to buy foreign currency and gold for the budget reserve National Wealth Fund (NWF) in the coming month after selling them in the previous month. The ministry said it will buy forex and gold for 41.6 billion r...Reuters
Wed, May 7
China's forex reserves rise more than expected in April
BEIJING, May 7 (Reuters) - China's foreign exchange reserves rose more than expected in April, official data showed on Wednesday, as the dollar continued to weaken against other major currencies.The country's foreign exchange reserves, the world's largest, increased by $41 billion last m...Reuters
Wed, May 7
FOREX-Dollar rises versus yen, Swiss franc, Fed and trade talks in focus
US dollar rises against safe-haven currenciesUS-China negotiations, US Treasury auction support the greenbackInvestors await Fed policy meeting outcomeEuro edges down versus the dollarBy Stefano Rebaudo and Rocky Swift May 7 (Reuters) - The U.S. dollar rose against the safe-haven yen and Swiss fr...Reuters
Wed, May 7
Bank of Korea minutes suggest another interest rate cut imminent
SEOUL, May 7 (Reuters) - Most of the Bank of Korea's board members assessed headwinds to South Korea's economy were growing faster than expected, a factor that would warrant more interest rate cuts, minutes from last month's meeting showed on Wednesday."With economic growth this year...Reuters
Wed, May 7
Taiwan Central Bank: Taiwan Has Been Proactive About Setting Up Sovereign Wealth Fund
May 7 (Reuters) - Taiwan's central bank said on Wednesday in a report to parliament: TAIWAN HAS BEEN PROACTIVE ABOUT SETTING UP SOVEREIGN WEALTH FUNDANY SOVEREIGN WEALTH FUND SHOULD NOT COME FROM FOREX RESERVES WITHOUT COMPENSATIONSource text: [ID:]Further company coverage: [ ]Reuters
Wed, May 7
FOREX-Dollar languishes before Fed meeting, Asian currencies calmer
By Rocky Swift TOKYO, May 7 (Reuters) - The dollar was largely flat on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday ease...Reuters
Wed, May 7
COLUMN-Dollar confusion reigns amid 'strategic uncertainty': Mike Dolan
By Mike Dolan LONDON, May 7 (Reuters) - Currency markets that only a few months ago assumed a trade war would lift the U.S. dollar now suspect that a full-scale devaluation may be underway, suggesting few market players have any clear handle yet on the administration's dollar plans.Much like ...Reuters
Wed, May 7
FOREX-Dollar languishes ahead of Fed meeting, Asian currencies calmer
By Rocky Swift TOKYO, May 7 (Reuters) - The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday eased conce...Reuters
Wed, May 7
REFILE-Indian rupee declines in NDF market following strikes against Pakistan
MUMBAI, May 7 (Reuters) - The Indian rupee declined against the U.S. dollar in the non-deliverable forward (NDF) market on Wednesday, after Indian armed forces hit multiple sites in Pakistan and what the Indian government described as "Pakistan-occupied Jammu and Kashmir".The 1-month NDF ind...Reuters
Wed, May 7
RPT-COLUMN-Asia FX surge raises doubts about region's trade war arsenal: McGeever
By Jamie McGeeverORLANDO, Florida, May 6 (Reuters) - The Taiwan dollar's record rise in recent days has brought a regional conundrum into sharp focus: how much appreciation can Asian currencies countenance in the face of U.S. President Donald Trump's global trade war?Currency depreciation wo...Reuters
Wed, May 7
FOREX-Dollar languishes ahead of Fed meeting, Asian currencies calmer
By Rocky Swift TOKYO, May 7 (Reuters) - The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday eased conce...Reuters
Wed, May 7
Australian dollar hits new five-month top on US-China trade talks
SYDNEY, May 7 (Reuters) - The Australian dollar hit a new five-month peak on Wednesday, buoyed by progress in U.S.-China trade talks scheduled for later this week, while the New Zealand dollar found little support following a mixed picture on jobs. The Aussie AUD= fetched $0.6514 for the first time ...Reuters
Wed, May 7
RBNZ governor says trade war threat has receded but still considerable uncertainty
SYDNEY, May 7 (Reuters) - Reserve Bank of New Zealand Governor Christian Hawkesby said on Wednesday that the threat of a trade war has decreased recently, although there remains considerable uncertainty regarding future developments.Reuters
Wed, May 7
Bessent says US, China have to de-escalate before they move forward
WASHINGTON, May 6 (Reuters) - The United States and China have to de-escalate before they can move forward with trade negotiations, U.S. Treasury Secretary Scott Bessent said on Tuesday, ahead of a meeting with Chinese officials in Switzerland on Saturday and Sunday."My sense is that this will b...Reuters
Tue, May 6
S&P 500 futures rise on trade deal optimism
May 6 - U.S. stock futures rose late on Tuesday after it was announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer would meet with China's top economic official later this week in Switzerland.S&P 500 and Nasdaq futures were up about 1%, signaling that t...Reuters
Tue, May 6
AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day’s range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Fxstreet
Tue, May 6
