China forex regulator warns against illegal money outflows

BEIJING, Sept 30 (Reuters) – China’s foreign exchange regulator named and shamed 10 banks that had assisted illegal capital outflows, vowing to crack down on fake forex transactions in authorities’ latest effort to stabilize the sliding yuan. The State Administration of Foreign Exchange (SAFE) listed 10 “typical” cases of misdeeds in a statement on its … Read more

Hawkish Fed may prompt India’s RBI to deliver a 50-basis-point hike

MUMBAI, Sept 28 (Reuters) – Interest rate hikes in the United States and the resultant pressure on the rupee is likely to give the Reserve Bank of India (RBI) reason to deliver a 50-basis-point rate hike on Friday even as it tries to protect a recovery in growth. The RBI’s monetary policy committee (MPC) has … Read more

India’s RBI likely sells dollars as surging US yields hold rupee hostage – traders

MUMBAI, Sept 28 (Reuters) – The Indian central bank likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said. The rupee was trading at 81.8675 per US dollar, down from 81.58 in the previous session. The local unit earlier reached … Read more

Japan won’t intervene to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan likely won’t intervene in the currency market to defend a line-in-the-sand such as 145 yen versus the dollar, and instead limit any further action … Read more

S.Korea finance minister says more FX stabilizing measures on the way

Register now for FREE unlimited access to Reuters.com Register SEOUL, Sept 25 (Reuters) – South Korea’s finance minister said the government would prepare more measures to stabilize the foreign exchange market, while downplaying the need for a currency swap arrangement with the United States. The measures include utilizing the government’s foreign exchange equalization fund to … Read more

RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a … Read more

Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

Register now for FREE unlimited access to Reuters.com Register The BOJ maintains short- and long-term rate targets No tweak to dovish policy guidance Japan took decisive action – FX diplomat Kanda TOKYO, Sept 22 (Reuters) – Japan intervened in the currency market on Thursday for the first time since 1998 to shore up the battered … Read more

Japan ‘most certainly’ will intervene in FX market if needed – top FX diplomat

A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 22 (Reuters) – Japan has not intervened in the currency market yet but will “most certainly” do so when necessary, the country’s top currency diplomat, Masato Kanda, … Read more

Italy’s right-wing bloc set for election win: five questions for markets

Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 19 (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s election, at a time when soaring energy prices and rising interest rates create growing challenges for the highly-indebted state. Giorgia Meloni, leader of the … Read more

Japan signals chance of yen intervention; market unconvinced

A banknote of Japanese yen is seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register News of rate check pushes yen away from 24-year low Authorities won’t announce intervention plan – finance minister MOF will act ‘swiftly without … Read more