Forex Rates

CANADA’S FX DEBT – Canadian dollar falls most in 7 weeks as Fed meeting approaches

(Add quotes and strategist details throughout; update prices) * Canadian dollar weakens 0.6% against greenback * Loonie hits 4-week low at 1.2177 * Oil hits multi-year high at $ 71.24 per barrel Three-month low By Fergal Smith TORONTO, June 11 (Reuters) – The Canadian dollar has weakened to a four-week …

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Zambeef Products 1H Profit, Pink Income; Warns on FX Hit

By Matteo Castia Zambeef Products PLC on Friday announced an increase in its pre-tax profit for the first half of fiscal 2021 on higher revenues, but warned of unfavorable full-year currency effects. The Zambia-based cold chain food producer, which is listed in London, made a pre-tax profit of 54.9 million …

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Dollar swings as market digests US inflation data, ECB

The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses and gains as investors digested high US inflation data and comments from the European Central Bank. After taking a wait-and-see stance all week, sucking market volatility and leaving major currencies mostly in …

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UPDATE 1-Bidirectional yuan volatility will become normal, according to FX regulator official

(Add details and background) SHANGHAI, June 10 (Reuters) – Two-way volatility in the yuan’s exchange rate will become normal and factors influencing the Chinese currency are complicated, the head of China’s foreign exchange regulator said Thursday. The Chinese yuan has shown volatility in both directions, but has remained basically stable …

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Chinese Police Arrest 1.1K People on Crypto-Related Money Laundering Charges

Chinese police have arrested more than 1,000 people for money laundering, alleging they used cryptocurrency to help them evade the law. This is the fifth round of nationwide crackdown on money laundering activities related to telecommunications fraud in China, dubbed “Operation Card Breach,” according to a statement released by the …

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Canadian dollar in narrow range ahead of BoC interest rate decision

The US dollar was little changed during the US session as traders reacted to the latest US trade figures. According to the Commerce Department, the country’s exports rose from $ 202 billion in March to $ 204 billion in May. At the same time, imports increased from over $ 277 …

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EUR / USD rate rebound stops before ECB rate decision

Talking Points on EUR / USD Rates The EUR / USD rebound after the U.S. Non-Farm Wages (NFP) Report appears to be marking time ahead of the European Central Bank (ECB) decision on interest rates as the exchange rate struggles to extend the string of higher highs and lows since …

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FOREX-Dollar Moderate As Investors Turn to Key US Inflation Indicator

* Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano TOKYO, June 8 (Reuters) – The US dollar was moderate on Tuesday as investors looked at expected US inflation data later in the week after weaker-than-expected employment data calmed down expectations of an anticipated reduction in the Federal Reserve stimulus. The …

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NZD / USD rate reversal takes shape ahead of May low

New Zealand dollar talking points The NZD / USD seems to have reversed the price before the May low (0.7115) as it extends the advance after the US Non-Farm Wages (NFP) Report, and the exchange rate may continue to retrace the decline since the beginning of the month as the …

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CBN sees light as Nigeria gradually unifies exchange rates – Businessamlive

By Charles Abuede Apex Bank adopts market fundamentals FSDH analysts say move could strengthen investorconfidence, improve capital inflows As the economy navigates through tides of uncertainty TRecent action by the Central Bank of Nigeria (CBN) to move to a more comprehensive, unified and market-oriented exchange rate regime by adjusting its …

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