Market Pulse - Currencies
24 Sep
FX round-up: Pound bounces, Turkish lira and Russian rouble in focus

The pound bounced back at the start of the week even after - in what observers said was a challenge to the Prime Minister - Tory rebels published their alternative to her Brexit plan and despite a weak reading on a widely-followed survey of factory sector conditions.

24 Sep
SOVA Capital believes Bank of Russia's next move will be a rate cut

Central Bank of Russia's recent decision to hike rates does not foreshadow that more interest rate hikes lay ahead, analysts at Sova Capital said.

24 Sep
Russia hikes rates unexpectedly due to currency weakness, risk of further sanctions

Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.

24 Sep
Turkish lira boosted as Pompeo lets slip Brunson could be released soon

The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.

24 Sep
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Volvo halts Iran truck operations over US sanctions

Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.

24 Sep
US Deputy Attorney General set to step down - Axios

US Deputy Attorney General, Rod Rosenstein, tendered his resignation to the White House on Monday, in the belief that President Donald Trump was set to dismiss him.

24 Sep
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ECB expects 'relatively vigorous pick-up' in core CPI, Draghi says

Europe's single currency bounded higher in mid-afternoon trading on Monday, after European Central Bank chief, Mario Draghi, said that the stable outlook for headline consumer prices masked stronger underlying price pressures.

20 Sep
Mapa Mundo
OECD warns against further protectionism, trims world GDP forecasts

The Organisation for Co-operation and Development has trimmed its forecasts for world growth for this year and next, cautioning that trade tensions, tighter financial conditions in emerging markets and political risks might further undermine "strong and sustainable" medium-term growth around the world.

18 Sep
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Fund managers up cash, start to price in more hawkish Fed, BofA-ML says

Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.

17 Sep
FX round-up: Pound higher as speculators trim shorts

The pound was trading on the front foot at the start of the week, helped by news that speculators had pared their 'bearish' bets on 'cable', as traders call the exchange rate between the pound and the US dollar.

16 Sep
Week ahead: Global trade, Brexit, EMs still in focus

Investors will have little choice but to keep their eye on developments on multiple fronts over the coming week, with global trade talks between the US and China, or the lack thereof, likely to be the biggest driver of markets around the world.

16 Sep
US set to impose 10% tariff on $200bn of Chinese goods

The White House is set to announce new tariffs on as many as $200. 0bn-worth of Chinese-made goods, probably towards the start of the coming week.

11 Sep
Buenos Aires
FX round-up: Pound off on report from Brussels, Argentina peso and Brazil real lower

Sterling finished the session little changed but saw a sizeable amount of volatility as traders were forced to digest yet more sound bites on Brexit from the other side of the Channel, even as they monitored the headlines regarding the situation on global trade and emerging markets.

10 Sep
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Germany in talks to join allies in possible military role in Syria

Germany is in talks with allies France, the UK and the US on joining a possible military deployment in Syria in the event that the Syrian government uses chemical weapons in Idlib, BILD reported.

10 Sep
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Chinese export volumes hold up in August

China's global trade surplus narrowed last month, but widened against the US, with the latter taking some economists by surprise given the trade tariffs recently-imposed by Washington.

10 Sep
Venezuela accuses Washington of plotting to overthrow Maduro

Venezuelan foreign minister Jorge Arreaza has accused the White House of planning an intervention and backing military conspiracies on the back of a report that claims senior US officials had met with Venezuelan military officers to plot a coup.

07 Sep
White House says a further $267.0bn-worth of tariffs set to be imposed

Shares on Wall Street are slipping lower after it was reported that Donald Trump had threatened tariffs on an additional $267. 0bn-worth of Chinese goods on top of those on $200. 0bn-worth which his administration was already mulling and the $50bn-worth which had already gone into effect.

07 Sep
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Decision on China tariffs may not come on Friday, White House's Kudlow says

A decision on whether to impose a third round of tariffs on Chinese made goods might not come on Friday, a top official from the Trump administration appeared to indicate.

07 Sep
EU's Barnier open to discussing new Brexit customs arrangement

The European Union’s chief negotiator Michel Barnier had told MPs he was open to discussing alternative Irish customs arrangements in order to secure a Brexit agreement, news that lifted the pound on Friday.

07 Sep
Economists spy FX sales by state-owned lenders in PBoC reserve data

China's stash of foreign exchange reserves was roughly steady last month, but economists believed the monetary authority had likely found an alternate manner of propping up its currency, the yuan; namely by instructing state-owned lenders to sell some of their foreign assets.