US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar is in focus as inflation and the FOMC are in the spotlight over the next two days, and then we hear from the ECB and the Bank of England.
Sterling Steady as Growth Risks Outweigh Upbeat Oct Data
LONDON, Dec 12 Reuters Sterling held steady against the dollar on Monday, as a murky economic growth outlook outweighed positive data for October ahead of the Bank of England39;s next policy decision due later this week. At 1028 GMT, the pound was down a marginal 0.07 against the dollar at 1.22750. Meanwhile, it fell 0.1 […]
Rouble Weakens to 63 vs Dollar as Rate Decision Edges Closer
MOSCOW, Dec 12 Reuters The Russian rouble weakened on Monday, sliding to 63 against the dollar, as global inflation pressure and recession concerns limited appetite for risk, with investors looking ahead to the Bank of Russia39;s ratesetting meeting on Friday. Markets also are awaiting a flurry of other interest rate decisions this week, including from […]
Indian Rupee Eases as U.S. Data Boosts Dollar ahead of Risk Events
MUMBAI, Dec 12 Reuters The Indian rupee declined on Monday as Asian currencies fell at the start of a week packed with highprofile events, including a U.S. Federal Reserve meeting, with a stronger dollar weighing on sentiment. The rupee dropped to 82.63 per dollar by 1033 a.m. IST, versus its previous close of 82.27. The […]
Dollar Seesaws as Outlook Stays High on Investors Radar
LONDON, Dec 12 Reuters The dollar edged lower on Monday but losses were contained by data last week that showed U.S. wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer. The U.S. currency made the most upward headway against commoditylinked […]
Sustainable investing trends and landscape in APAC
Environment, social, and governance (ESG) or, more broadly, the sustainability investment landscape in Asia differs from other markets.
Telecom Italia Sounds out Investor Interest as Govt Reviews Network Options
MILAN, Dec 9 Reuters Telecom Italia TIM is exploring investors39; interest in buying into its assets, sources familiar with the matter said on Friday, as officials within Italy39;s rightwing government seek agreement on how to fix the debtcrippled company39;s woes. Italy39;s government last month said it would seek to identify the best marketfriendly options by the end of […]
UniCredit Says Repaid 29 Billion Euros of ECB Loans
MILAN, Dec 9 Reuters Italy39;s UniCredit said on Friday it had repaid around 29 billion euros 30.56 billion in loans from the European Central Bank ECB, a bank39;s spokesperson said. The early repayment leaves the group with around 78 billion euros in outstanding Targeted Longer Term Refinancing Operation TLTRO III funds. The ECB has given banks […]
SP Cuts Enels Outlook, sees Risks to Asset Sale Plan
MILAN, Dec 9 Reuters Credit ratings agency SP cut its outlook for Enel, citing execution risks around a 21billion euro 22.18 billion asset disposal plan the Italian utility announced last month. The agency affirmed its 39;BBBA239; long and shortterm issuer ratings for the Romebased group, and its ratings on the company39;s debt. Europe39;s secondbiggest utility […]
Turkey Jobless Rate Rises ahead of Tight Election for Erdogan
ANKARA, Dec 12 Reuters Turkey39;s unemployment rate edged up to 10.2 in October, data showed on Monday, posing a potential challenge to President Tayyip Erdogan39;s reelection hopes next year, even as inflation is set to dip and the currency should remain largely stable. Economic growth is also expected to keep cooling to below trend levels […]