Cars line up to fill their tanks but the worker at the gas station in Lebanon's capital city waves them off, standing by the 'Strike!' signs. The day of industrial action, replicated at petrol pumps across the country, was not really about fuel, it was about the dollars needed to pay for it, or rather the lack of them.
* Dollar demand rising amid economic worries. * Central bank: Banks are satisfying demand for dollars. * Importers say banks limiting conversions to dollars. * Street exchange rates rose above peg margins. By Lisa Barrington and Ellen Francis. Cars line up to fill their tanks but the worker at the gas station in Lebanon's capital city waves them off, standing by the 'Strike!' signs.
The U.S. dollar was mixed on Thursday morning, weaker against the euro, the Swiss franc and the Japanese yen, but stronger versus the Antipodean currencies after a slew of central bank decisions came in more hawkish than expected.
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Saikat Chatterjee. The pound edged higher on Thursday after the Bank of England kept policy rates unchanged, as widely expected, with broad dollar weakness lifting the British currency slightly.
* Europe's shares inch higher after Fed rate cut. * BOJ on hold, as expected; disappoints some who hoped for a move. * Bond yields nudge up but stay below recent highs. * Oil futures drift higher as geopolitical risks remain. * Sterling waits for BoE's latest rate meeting, Brexit view. By Marc Jones.
BEIJING--Expectations for the yuan exchange rate remained largely steady despite increased market volatility, the country's foreign exchange regulator said Thursday. Market participants have been acting in a "rational and orderly" manner, although volatility has risen notably in since August, the State Administration of Foreign Exchange said in a statement on its website. The country's commercial banks sold a net $5.4 billion of foreign exchange last month, down from $6.1...
* BoJ signals more easing later this year. * Dollar struggles to gain on Fed's mixed messages. * Norway's crown briefly rallies after cbank hikes rates. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Tommy Wilkes and Saikat Chatterjee.
BEIJING--China's central bank said its foreign exchange sales rose to a nine-month high in August amid a sharp drop in the yuan against the U.S. dollar. The central bank sold a net 8.37 billion yuan in foreign exchange last month, compared with net sales of CNY708 million in July, according to data released by the People's Bank of China Thursday. China let the currency break through the psychologically important level of CNY7 to the dollar in early-August to help alleviate the...
* Europe's shares inch higher after Fed rate cut. * BOJ on hold, as expected; disappoints some who hoped for a move. * Bond yields nudge up but stay below recent highs. * Oil futures drift higher as geopolitical risks remain. * Sterling waits for BoE's latest rate meeting, Brexit view. By Marc Jones.
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