Average daily foreign exchange trading volumes fell 10% year-on-year in March to $1.98 trillion, CLS said on Monday, as the wild price swings of a year ago when the COVID-19 pandemic struck were replaced by more orderly trading conditions. CLS, a major settler of trades in the FX markets, said turnover in spot FX markets in particular dropped sharply last month from 2020 levels.
The Canadian dollar
strengthened to a one-month high against its U.S. counterpart on
Monday, as the greenback broadly declined and ahead of a federal
budget that is expected to spend big amid a ...
* Dollar slumps to 6-week low. * Carry trade may thrive in low vol environment - ING. * MSCI EM FX index hits 1-month high. * Bitcoin trades near $57k after weekend plunge. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Joice Alves. The pound rose 1% to hit a one-month high against the dollar on Monday at the start of a data-heavy week that is expected to provide more evidence that Britain's economy is rebounding from its deepest recession in 300 years.
Most Central European
currencies were flat on Monday, while the Czech crown edged
lower as diplomatic tensions between Russia and the Czech
Republic escalated.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Joice Alves. The pound rose and hit a two-week high against the dollar on Monday ahead of a data-heavy week that is expected to provide more evidence that Britain's economy is rebounding from its deepest recession in 300 years.
* Juventus soars after Super League announcement. * Dankse Bank slips after CEO resigns. * German DAX posts worst session in a month. By Sruthi Shankar and Susan Mathew. European stocks retreated slightly from record highs on Monday, as a weaker open on Wall Street and rallying currencies offset optimism about a solid start to the earnings season.
* South African rand leads EMEA gains. * Indian markets plummet on COVID-19 spread. * Rouble hit by new row with Czech Republic. By Ambar Warrick. Russia's rouble dipped on Monday as concerns over Western sanctions against the country persisted, while South Africa's rand rose as low global interest rates spurred buying into the high-yielding currency.
* Dollar hovers above 1-month low. * Analyst says carry trade may thrive in low vol environment. * Bitcoin trades near $57,000 after weekend plunge. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho.
Taiju Life Insurance plans to reduce the holdings of currency-hedged foreign bonds in the financial year through March, as domestic super-long bonds have become relatively attractive, a senior investment planning official said on Monday.
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