Chile's peso slumped to a 15-month low on
Friday as political uncertainty weighed, while Brazil's real
rose after the central bank said inflation would likely peak
this month.
Central European currencies
edged lower in a mild correction on Friday, giving up some of
their gains posted over the past week on rate hike expectations
by the region's central banks as ...
Sterling rose to a three-week high in early trading on Friday and was on track for its best week since August versus the dollar, boosted by rising expectations that the Bank of England will raise rates this year. Many investors are betting the BoE will become the first major central bank to lift interest rates since the start of the coronavirus pandemic.
Stocks surged globally on Friday in their best day in five months as strong U.S. corporate earnings reports fueled optimism about the economy, though three-year-high oil prices kept inflation risks alive and lifted government bond yields.
The International Monetary Fund's steering committee called for central banks to monitor pricing dynamics closely and act appropriately to deal with inflationary risks, including looking through transitory inflationary pressures that will fade. "Central banks are monitoring price dynamics closely and can look through inflation pressures that are transitory.
The International Monetary Fund's steering committee on Thursday urged global policymakers to monitor pricing dynamics closely, but to "look through" inflationary pressures that are transitory and will fade as economies normalize.
Emerging market economies need $1 trillion a year of public and private finance in order to transition to a low-carbon economy in the fight against climate change, a report from asset manager BlackRock (BLK) said.
Gains in financials and industrials stocks helped Sri Lankan shares snap three straight sessions of losses on Thursday, after the country's central bank held interest rates steady. * The CSE All-Share index settled 1.31% higher at 9,621.65. * Commercial Leasing and Finance Plc and conglomerate Expolanka Holdings were the top boosts to the index, rising 6.5% and 3.3%, respectively.
* Graphic: World FX rates in 2021 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Julien Ponthus.
* Three MPC members dismissed, two new ones appointed. * Lira hits fresh record low of 9.1950 against dollar. * Erdogan has fired three governors within 2-1/2 years. By Daren Butler, Nevzat Devranoglu and Orhan Coskun.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
