Tag: EUROP
Fugitive British forex boss sentenced in absence for $88 million fraud
LONDON, June 9 (Reuters) - A British foreign exchange company boss who used investors' cash to fund his luxury lifestyle was sentenced in his absence [...]
Turkish lira extends losses as Ankara loosens grip on forex market
Lira hits fresh record low versus dollarFall shows move towards freely traded currency - economists'No air of panic' in markets, says traderInvestors [...]
Lira plunges more than 7% as Turkey edges towards free market
Currency in worst selloff since historic 2021 crashAfter election, state's FX-stabilising measures loosenErdogan signalled policy U-turn in naming Sim [...]
Dollar jumps after surprise boost in May payrolls
WASHINGTON, June 2 (Reuters) - The U.S. dollar rose on Friday after May's non-farm payrolls report showed employment numbers surged, while traders wei [...]
British forex boss convicted for $62mln Ponzi-style fraud
LONDON, May 22 (Reuters) - A British foreign exchange company boss who used investors' cash to fund a luxury lifestyle was convicted in a London court [...]
Dollar weakens after U.S. payroll data suggests slowing inflation
NEW YORK, March 10 (Reuters) - The dollar weakened on Friday after data in the U.S. unemployment report for February showed inflation pressures were e [...]
EU top court adviser backs FX borrowers, Polish bank stocks fall
Analysts say opinion is positive for borrowers with FX mortgagesBanks warn if EU top court follows advice it will cost billions Banking stocks fall af [...]
FOREX Yen surges as Kazuo Ueda set to be nominated BOJ governor
LONDON, Feb 10 (Reuters) - The yen strengthened broadly on Friday after the Nikkei reported that the Japanese government was set to appoint Kazuo Ueda [...]
FOREX U.S. dollar flat to moderately higher, weak outlook intact on Fed outlook
Dollar outlook remains tilted to downside, analysts sayRate futures price in rate cuts by end-2023NY Fed's Williams says peak rate likely between 5%-5 [...]
Dollar edges down as traders look to central banks for cues
NEW YORK, Jan 25 (Reuters) - The dollar edged down against the euro on Wednesday in subdued trading as investors were hesitant to make any big bets ah [...]
FOREX Dollar wavers after Fed minutes offer few surprises
LONDON/SINGAPORE, Jan 5 (Reuters) - The dollar was roughly flat in choppy trading on Thursday after the release of the latest Federal Reserve minutes. [...]
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL, Dec 10 (Reuters) - Turkey's BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum [...]
FOREX Dollar tumbles as U.S. nonfarm payrolls show mixed picture
U.S. economy adds 261,000 new jobs, but unemployment risesDollar posts third weekly drop vs yenU.S. rate futures price in 51% chance of 75 bps hikeNEW [...]
Egypt’s currency slides as IMF deal triggers new FX regime
Central bank hikes rates in effort to contain inflationIMF says deal can catalyze about $5bln in FY 2022/33Finance rules that snarled imports to be ph [...]
Turkey halts lending to more FX-rich firms to boost lira
ISTANBUL, Oct 21 (Reuters) - Turkey tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up [...]