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forex

Turkey's central bank seen keeping policy rate unchanged

Turkey's central bank seen keeping policy rate unchanged

  • Turkey's annual inflation rate climbed more than expected to some 15% last month and central bank governor Agbal said a possible interest rate cut will not be on agenda for a long time this year.
Published 18 Feb, 2021 11:45am
Dollar struggles as US yields soften; Bitcoin soars
Markets

Dollar struggles as US yields soften; Bitcoin soars

  • Investors have pushed up the dollar recently as Democrats moved to fast-track President Joe Biden's $1.9 trillion COVID-19 relief package.
  • There has been an impressive pullback in US Treasury yields overnight which is causing the broad-based dollar weakness before the bond auctions this week.
Published 09 Feb, 2021 06:10pm
Dollar on track for worst year since 2017
Markets

Dollar on track for worst year since 2017

  • An improving economic outlook as COVID-19 vaccines are rolled out and unprecedented fiscal and monetary stimulus has dimmed the allure of the greenback.
  • The US currency is also suffering from rising fiscal and current account deficits that show no signs of slowing down.
Published 31 Dec, 2020 09:14pm
Mexico's peso gains, but set for worst year since 2016
Markets

Mexico's peso gains, but set for worst year since 2016

  • The peso gained 0.3% after Foreign Minister Marcelo Ebrard said on Twitter that Mexican authorization of AstraZeneca and Oxford University's vaccine was "imminent."
  • MSCI's index of LatAm currencies and stocks dropped between 13% and 15% this year.
Published 31 Dec, 2020 08:56pm
Turkish lira rallies to strongest level since September
Markets

Turkish lira rallies to strongest level since September

  • The lira rose as high as 7.4100 against the US currency in thin trade due to end-of-year holidays. Last Thursday, the central bank raised its one-week repo rate to 17% from 15%.
  • The lira stood at 7.4425, still 20% weaker than at the end of last year.
Published 28 Dec, 2020 05:39pm
Rouble overcomes sanction fears to recover against dollar
Markets

Rouble overcomes sanction fears to recover against dollar

  • The rouble was 1% stronger against the dollar at 75.15, up from its weakest level since early December of 75.91.
  • Market sentiment has been soured by fears that the West may impose new sanctions, although Moscow denies any wrongdoing.
Published 23 Dec, 2020 05:38pm