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UK and US to smooth capital markets access and crypto cooperation
LONDON, Sept 22 (Reuters) - The governments of Britain and the United States will set up a body to reduce red tape for firms seeking to access capital markets on both sides of the Atlantic and improve cooperation on crypto assets, Britain's finance ministry said on Monday.The Transatlantic Taskf...Reuters
54 minutes ago
Euro needs enhanced global role but cannot overtake the dollar, Bundesbank says
FRANKFURT, Sept 22 (Reuters) - The euro cannot replace the dollar as the world's dominant currency, but needs to strengthen its global role, partly to protect the bloc in case of a sustained loss of confidence in the dollar, Germany's central bank chief said.The dollar has fallen this year i...Reuters
an hour ago
Bessent says any US action to support Argentina will be 'large and forceful'
WASHINGTON, Sept 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monday said any U.S. action to help stabilize Argentina's currency would be "large and forceful," adding that Washington would not impose any new conditions or demands on such steps.Bessent told reporters that all o...Reuters
2 hours ago
Euro holds ground amid hawkish Fed tone and improved consumer confidence
The Euro (EUR) steadies against the US Dollar (USD) on Monday, halting a three-day losing streak as the Greenback trades under mild pressure. At the time of writing, EUR/USD is trading near 1.1765 during the American session, easing slightly from its intraday high of 1.1788.
Fxstreet
2 hours ago
FOREX-Dollar falls against euro and Swiss franc as markets eye Fed speakers
Slew of Fed speakers lined up this weekDollar weakens against yen and Swiss francDollar index poised to snap a 3-day rising streakBoJ caution on rate hikes due to political uncertaintyBy Chibuike Oguh and Stefano Rebaudo NEW YORK, Sept 22 (Reuters) - The U.S. dollar was poised to snap a three-day...Reuters
2 hours ago
Argentina markets soar after US' Bessent pledges support
Peso strengthens after central bank had to defend currency last weekArgentina removes export taxes on grains ahead of midterm electionInvestors eye Milei's policy adjustments post-October voteBy Rodrigo Campos NEW YORK, Sept 22 (Reuters) - Argentine financial assets rallied on Monday, wit...Reuters
2 hours ago
Treasury chief: US ready to support Argentina, leaders to meet Tuesday
Bessent says US purchases of Argentine pesos, dollar debt among optionsTreasury's Exchange Stabilization Fund may be used to support Argentina, Bessent saysTrump, Bessent to meet with Argentina's Milei in New York on Tuesday, Bessent saysBy Susan Heavey WASHINGTON, Sept 22 (Reuters) - U.S...Reuters
2 hours ago
RPT-FOREX-US dollar weakens as Fed officials set to speak this week
Slew of Fed speakers lined up this weekSpotlight on hawkish Fed governors Hammack, MusalemDollar snaps a 3-day rising streakBoJ caution on rate hikes due to political uncertaintyBy Stefano Rebaudo Sept 22 (Reuters) - The U.S. dollar snapped a three-day rising streak on Monday, as investors await ...Reuters
5 hours ago
EUR/GBP retraces losses and approaches Friday’s highs, near 0.8730
The Euro has retraced previous losses against the British Pound during the European Morning session on Monday. The Pair bounced at 0.8710 to return above 0.8720 yet still within the upper area of Friday’s trading range.
Fxstreet
6 hours ago
USD/CHF retreats below 0.7950 with Fed speakers on focus
The US Dollar rally against the Swiss franc was capped at 0.7970 on Monday, and the pair retreated to levels right below 0.7945 as market sentiment deteriorated during the European Session, with all eyes on a slew of Fed speakers due later today.Five Fed Governors are scheduled to give further detai
Fxstreet
7 hours ago
INDIA RUPEE-Rupee slips as H-1B visa fee hit for Indian stocks drags sentiment
MUMBAI, Sept 22 (Reuters) - The Indian rupee closed slightly weaker on Monday as new U.S. visa norms weighed on markets and dragged IT stocks lower, with traders expecting the currency to stay under pressure until there is progress on U.S.-India trade talksThe rupee INR=IN closed at 88.3075 against ...Reuters
7 hours ago
COLUMN-ECB can still frustrate euro surge with 'contingency cut': Mike Dolan
By Mike Dolan LONDON, Sept 22 (Reuters) - Financial markets think the European Central Bank has found its "happy place" with a policy rate of 2%. An outsize surge in the euro might change that, which means it probably has another cut in its back pocket just in case.The threat of an ECB &#...Reuters
7 hours ago
Walmart-backed PhonePe's losses shrink ahead of anticipated listing
The company reported a loss of 19.96 billion rupees in the year ended March 2024.PhonePe, among the most widely used apps in India to make payments via the country's popular unified payments interface (UPI), is preparing for a public listing on the country's stock exchanges, the firm said in...Reuters
7 hours ago
Sterling rises versus dollar, but fiscal concerns still in focus
By Stefano Rebaudo (Reuters, Sept 22) - Sterling edged up against the dollar on Monday as investors paused following Friday's selloff driven by fiscal concerns.The dollar edged down as investors await speeches from Federal Reserve officials throughout the week that could provide further clues...Reuters
8 hours ago
EMERGING MARKETS-EM stocks kick off the week higher, Indian stocks strained by US visa row
EM stocks up 0.24% on day, FX flatIndian IT stocks fall on US visa concernsRate decision in Hungary, Czech Republic later this weekIndonesian rupiah hits five-month lowBy Nikhil Sharma (Reuters) - Emerging market stocks edged higher on Monday and currencies flattened ahead of the week's cruci...Reuters
8 hours ago
INSIGHT-Euro's 'global moment' risks slipping away amid political division
Europe has long sought to boost the euro currency's influenceGlobal reserve managers are seeking alternatives to the dollarLimits of European integration are being testedBy Balazs Koranyi, Jan Strupczewski and Elisa Martinuzzi FRANKFURT/BRUSSELS/LONDON Sept 22 (Reuters) - - As alarm over Dona...Reuters
8 hours ago
