News & Analytic Centre

EM FX on Longest Losing Run this Year

March 25 Reuters South Africas rand pared early gains on Thursday after the central bank kept interest rates unchanged, while a stronger dollar put an index of emerging market currencies on track for its longest losing streak this year. The rand was up 0.2 as the South African Reserve Bank SARB kept its key lending […]
Read More

U.S. Weekly Jobless Claims Fall; Q4 Growth Revised Up

Fewer than expected Americans filed new claims for unemployment benefits last week as economic activity rebounds after weatherrelated disruptions in February, but it would likely take years for the labor market to fully recover from the pandemics scarring. Initial claims for state unemployment benefits totaled a seasonally adjusted 684,000 for the week ended March 20, […]
Read More

Russian Rouble Recovers from 2021 Low vs Dollar

MOSCOW, March 25 Reuters The Russian rouble extended gains versus the U.S. dollar on Thursday as local tax payments helped it recover from its lowest point so far this year, a level hit in the previous session due to the prospect of new U.S. sanctions. Kremlin spokesman Dmitry Peskov said on Thursday he disagreed with […]
Read More

Mean Reversion Day as Risk Sentiment Returns; EU Summit

Rates as of 0500 GMT Market Recap Yesterday was mean reversion day as the market largely reversed Tuesdays movements. JPY which had been the 1 gainer on Tuesday was the 1 loser, while the commodity currencies rebounded although NZD, the biggest loser for two days straight, was not the biggest winner. That was CAD, which […]
Read More

European Fashion Stocks Hit by China Xinjiang Row

BERLIN, March 25 Reuters Shares of European fashion brands Adidas, Inditex and HM fell on Thursday as they faced a storm of criticism on social media in China over comments they have previously made about Xinjiang. Chinese state media singled out HM on Wednesday for a statement last year in which the Swedish retailer was […]
Read More