Forex
Australia’s dollar matched a two-week high after the Reserve Bank left the benchmark rate unchanged and said there has been improvement in the job market.
Brazil’s real fell the most among major dollar counterparts after the central bank cut in half the number of foreign-exchange swap contracts that it offered in a rollover, signaling reduced support for the currency.
Guidelines on how banks handle currency orders from clients should be reviewed, according to minutes from the latest meeting of the Federal Reserve Bank of New York-sponsored Foreign Exchange Committee.
Chile´s economy grew less than analysts expected in March, marking the weakest quarter of expansion since the recession of 2009, as central bank President Rodrigo Vergara warned the slowdown could last longer than forecast.
China’s yuan advanced, extending its rebound from an 18-month low, on speculation declines that made the currency Asia’s worst performer this year were excessive.
India’s rupee rose toward a one-month high on speculation the world’s largest democracy will elect a government capable of reviving growth.
Mexico’s peso volatility dropped for a 16th straight day to the lowest level since 2008 as data showed an expansion in service industries in the U.S., the country’s biggest trading partner.
The yen strengthened versus most of its 16 major peers as a private report showing Chinese manufacturing contracted more than economists estimated last month spurred demand for safer assets.
JPMorgan Chase & Co., the biggest U.S. bank by assets, sees no signs of a bubble in emerging-market corporate debt, challenging the International Monetary Fund’s warning on rising risks in the bond market.
The European Commission predicted low inflation will remain a threat to euro-area expansion for at least the next two years as it trimmed its economic-growth forecast and warned of the impact of tensions with Russia.
Australian bonds are generating the strongest demand in three years on speculation the central bank will win room to hold record-low interest rates as Treasurer Joe Hockey’s first budget focuses on deficit reduction.
Australia’s dollar matched a two-week high after the Reserve Bank left the benchmark rate unchanged and said there has been improvement in the job market.
Brazil’s real fell the most among major dollar counterparts after the central bank cut in half the number of foreign-exchange swap contracts that it offered in a rollover, signaling reduced support for the currency.
Guidelines on how banks handle currency orders from clients should be reviewed, according to minutes from the latest meeting of the Federal Reserve Bank of New York-sponsored Foreign Exchange Committee.
Chile´s economy grew less than analysts expected in March, marking the weakest quarter of expansion since the recession of 2009, as central bank President Rodrigo Vergara warned the slowdown could last longer than forecast.
China’s yuan advanced, extending its rebound from an 18-month low, on speculation declines that made the currency Asia’s worst performer this year were excessive.
India’s rupee rose toward a one-month high on speculation the world’s largest democracy will elect a government capable of reviving growth.
Mexico’s peso volatility dropped for a 16th straight day to the lowest level since 2008 as data showed an expansion in service industries in the U.S., the country’s biggest trading partner.
The yen strengthened versus most of its 16 major peers as a private report showing Chinese manufacturing contracted more than economists estimated last month spurred demand for safer assets.
JPMorgan Chase & Co., the biggest U.S. bank by assets, sees no signs of a bubble in emerging-market corporate debt, challenging the International Monetary Fund’s warning on rising risks in the bond market.
The European Commission predicted low inflation will remain a threat to euro-area expansion for at least the next two years as it trimmed its economic-growth forecast and warned of the impact of tensions with Russia.
Australian bonds are generating the strongest demand in three years on speculation the central bank will win room to hold record-low interest rates as Treasurer Joe Hockey’s first budget focuses on deficit reduction.
