News
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FOREX-Dollar under pressure as investors await US trade deals
Markets growing nervous about absence of trade deals Dollar falls 0.5% on yenTaiwan dollar steadies after surging at start of weekInvestors still selling U.S. dollarsBy Rae Wee and Alun John SINGAPORE/LONDON, May 6 (Reuters) - The dollar struggled on Tuesday as investors began to grow itchy about...Reuters
Tue, May 6
China's yuan ends at six-month high as carry trades unwind
SHANGHAI, May 6 (Reuters) - China's yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and back into Asia.The onshore yuan CNY=CFXS ended the domestic session at 7.216...Reuters
Tue, May 6
'Opaque' cross-border payment volumes could top $300 trillion in 5-10 years, Italy c.bank head says
MILAN, May 6 (Reuters) - Annual cross-border payments volumes are projected to pass $300 trillion in the next five to 10 years from $190 trillion in 2024, but processing such payments remains "slow, expensive and opaque," Italy's central banker said on Tuesday.Cross-border payments have ...Reuters
Tue, May 6
Swiss National Bank ready to take rates below zero to tackle low inflation
By John Revill ZURICH, May 6 (Reuters) - The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday.Swiss inflation fell to 0% in April...Reuters
Tue, May 6
ANALYSIS-'Asian crisis in reverse' as currencies soar on the dollar
Taiwan dollar rockets to record gainsSing dollar near decade high, ringgit, yuan, baht and won rise'Asian demand for dollars is waning' - analystBy Rae Wee and Samuel Shen SINGAPORE/SHANGHAI, May 6 (Reuters) - A wave of dollar selling in Asia is an ominous sign for the greenback as th...Reuters
Tue, May 6
EUR/USD moves slightly higher as US Dollar trades cautiously ahead of Fed policy decision
EUR/USD ticks up to near 1.1350 in Tuesday’s European session. The major currency pair edges higher as the US Dollar (USD) trades cautiously, with investors focusing on the Federal Reserve’s (Fed) interest rate decision, which will be announced on Wednesday.Fxstreet
Tue, May 6
Argentex secures fresh credit facility and revamps board as trading resumes
LONDON, May 6 (Reuters) - Argentex Group AGFX.L resumed trading on London's AIM on Tuesday after securing an initial six month 20 million pound ($26.57 million) revolving credit facility with IFX Payments, the UK currency risk manager said in a statement.Argentex's shares had been suspended...Reuters
Tue, May 6
Swiss National Bank ready to take rates below zero to tackle low inflation
ZURICH, May 6 (Reuters) - The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday."No one likes these negative interest rates, obvi...Reuters
Tue, May 6
