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EMERGING MARKETS-EM stocks eye best week since September 2024; Russia awaits rate decision
EM stocks up 1.1%, FX flatRussia's rate decision due shortly Moody's to review Romania's credit ratingBy Pranav Kashyap and Twesha Dikshit Sept 12 (Reuters) - An index tracking emerging market stocks was on track for its best week since September 2024 on Friday, even as Turkey's s...Reuters
11 minutes ago
IMF urges Romania to keep up deficit-cutting plans
BUCHAREST, Sept 12 (Reuters) - The International Monetary Fund (IMF) on Friday forecast slower growth in Romania this year and urged the country to push ahead with fiscal consolidation plans as it battles the European Union's highest budget gap and the risk of a credit downgrade.The IMF expects ...Reuters
32 minutes ago
FOREX-Dollar regains some ground, still heading for weekly drop
Cracks appearing in labour market give green light to FedEuro awaits Fitch verdict on French financesBy Samuel Indyk and Gregor Stuart Hunter LONDON, Sept 12 (Reuters) - The dollar inched higher on Friday after falling the day before as a surge in U.S. jobless claims and a modest tick up in infla...Reuters
33 minutes ago
ECB must be mindful of downside risks to inflation, Rehn says
HELSINKI, Sept 12 (Reuters) - The European Central Bank must be mindful of downside risks to inflation that stem from cheaper energy and a stronger euro, Finnish central bank chief Olli Rehn said on Friday."We need to avoid a situation where we deviate too much below or too much above our target...Reuters
43 minutes ago
BOJ should watch out inflation risks from weak yen, ex-Japan FX diplomat says
Japan's interest rates are too low, Gyoten saysWeak yen could accelerate inflation, he saysGyoten was involved in the 1985 Plaza AccordBy Makiko Yamazaki and Tamiyuki KiharaTOKYO, Sept 12 (Reuters) - The Bank of Japan should be mindful of the risk of inflation accelerating due to the yen's ...Reuters
2 hours ago
USD/CAD Price Forecast: Corrects to near 1.3830 on US stagflation risks
The USD/CAD pair trades cautiously near Thursday’s low around 1.3835 during the European trading session on Friday. The Loonie pair retraces from its recent highs of 1.3890 as the US Dollar (USD) faces selling pressure amid growing United States (US) stagflation risks.Fxstreet
2 hours ago
EUR/GBP holds positive ground near 0.8650 as UK economy stalls in July
The EUR/GBP cross trades on a positive note near 0.8650 during the early European session on Friday. The Pound Sterling (GBP) remains weak against the Euro (EUR) after the release of UK Gross Domestic Product (GDP) data.
Fxstreet
3 hours ago
Dollar on back foot as surging jobless claims firm up Fed rate cut views
SINGAPORE, Sept 12 (Reuters) - The dollar regained some strength but remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond.Reuters
4 hours ago
AUD/JPY Price Forecast: Keeps bullish vibe above 98.00, overbought RSI warrants caution for bulls
The AUD/JPY cross trades in positive territory for the third consecutive day around 98.20 during the early European session on Friday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) on political uncertainty in Japan.
Fxstreet
4 hours ago
EUR/USD holds below 1.1750 ahead of German HICP release
The EUR/USD pair loses traction to around 1.1725 during the Asian trading hours on Friday, pressured by a firmer US Dollar (USD). Nonetheless, the potential downside might be limited amid the rising bets of the US Federal Reserve (Fed) rate cut next week.Fxstreet
5 hours ago
