Central bank keeps policy on hold and raises growth projections after yen slide.
- Fears Grow at BOJ That Trump Tweets Could Terminate Drastic Easing Program – Japan Times
- Yen Stronger Amid Uncertainty Over Trump, BOJ Stance – Market Watch
The Bank of Japan may have delivered some good news in the form of upgraded economic growth forecasts, but it is much too soon to talk about the prospect of tightening monetary policy, economists warn.
The US dollar headed for its worst start to a year since 2008 while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump’s stringent curbs on travel to the United States.
Somehow moot to suggest that this is a break from convention but… it’s Trump the currency manipulator, courtesy of HSBC’s David Bloom.
Sterling fell by almost a full cent after weaker than expected data on consumer credit added to a handful of tentative signs that the UK economy may finally be slowing on the back of last year’s Brexit vote.
The euro and fixed income yields have crept up this morning after early inflation data from two of the bloc’s major economies revealed a healthy jump in annual inflation.
The Iranian government is to stop using the US dollar in its official statements, according to a report in the local English-language daily, the Financial Tribune.
While a drag on the economy since 2014, the penalties have kept some pressure off the ruble even as it rallied in the past year on the back of stabilizing oil prices.
The Gulf Cooperation Council countries’ currencies have been pegged to the US dollar (Kuwait’s is pegged to a dollar-dominated basket of currencies) for nearly three decades and the dollar peg has served these countries well.
Turkey and Mexico might not seem like the most obvious countries to invest in at the moment, given recent upheaval in both countries, but for investors with a strong stomach, Turkish stocks and the Mexican peso have emerged from recent jitters as some of the best-performing assets in the world in recent weeks.
In recent years, the FX market has had to cope with some major spikes in volatility, forcing firms to adjust how they trade this market.
Changes to agency heads could delay or derail a vital part of bank resolution rules.
Fed officials waiting on the details of new Trump plans.
Steven Maijoor urges Commission to grant further sanctioning powers to Esma and looks to increase fines by five times.
The European Commission, the executive branch of the EU, is weighing a limit on cash transactions in a move that may also affect digital currency payments.
Turkey’s central bank governor signalled that its unorthodox steps to manage sharp falls in the lira currency were working and would continue until the inflation outlook shows a significant improvement.
Corporate fecklessness compounds liquidity crunch.
Japanese bank’s profits from markets and investment banking soared during final quarter of 2016.
A former Federal Reserve employee was sentenced to 12 months’ probation and issued a $5,000 fine for installing unauthorized bitcoin software on a Fed server, a government watchdog said.
Most Asian currencies rose against a wobbly dollar as US President Donald Trump’s tough stance on immigration stirred worries about his policy priorities and risks to the US economic outlook.
The rand plunged alongside the Russian rouble, pummelled by weaker commodity prices and political uncertainties and leading a wider fall in emerging currencies.
The Canadian dollar strengthened against its US counterpart, recovering from an earlier nearly one-week low, as uncertainty triggered by a travel curb ordered by US President Donald Trump pressured the greenback.