Foreign Exchange News Results

  • Central Banks Pile Into Europe's Common Debt

    Central banks were among the biggest buyers of European common debt this week, signaling growing trust that the euro will hold its own through the pandemic. The European Commission-- the European Union's executive arm-- issued its first wave of common debt to finance its coronavirus-relief programs Tuesday. It raised EUR17 billion, equivalent to $20 billion, from the sale of 10- year and 20- year bonds.

  • Turkish Lira Slides to Record Low as Central Bank Holds Fire

    By Caitlin Ostroff in London and David Gauthier-Villars in Istanbul. Turkey's currency hit a record low against the dollar Thursday after the country's central bank held interest rates steady despite intensifying pressure to act. The lira fell 2.1% on Thursday, with $1 buying 7.9792 lira, after the central bank left its key, one-week repo rate at 10.25%, surprising the majority of investors and analysts who anticipated an increase.

  • Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin

    Central banks around the world are weighing introducing a new kind of money, known as digital currency. China has been at the forefront of such efforts. In April, Beijing said it would expand its pilot program for a homegrown electronic-payment system, which shares some features with bitcoin and other private cryptocurrencies, to a number of large cities.

  • Euro Optimism Wanes Amid Rising Covid-19 Cases

    Investor confidence that the euro will continue to strengthen against the dollar is waning as Europe combats rising Covid-19 cases. Net speculative positions by hedge funds that the euro will rise against the dollar are at a two-month low, according to data from the Commodity Futures Trading Commission. In recent weeks, new Covid-19 cases have climbed in Europe, overtaking the U.S.

  • China's Forex Reserves Fell $22.1 Billion in September

    BEIJING--China's foreign-exchange reserves dropped in September after five straight months of increases, official data showed Wednesday. The country's hoard of foreign exchange decreased by $22.1 billion to $3.143 trillion at the end of September, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $2.1 billion fall in reserves in September.

  • Currency Gyrations Spark Fresh Bets From Investors

    Swings in currencies have breathed life back into the foreign-exchange market, attracting investors who bet that some countries can outgrow others in the pandemic. After currencies had their quietest year on record in 2019, they are now on track for their highest year of volatility since 2017, according to an index managed by Deutsche Bank. One measure of those swings: Through the first three quarters, the dollar has gained or lost at least 1% against the euro during 13 trading...

  • Dollar Regains Appeal in Carry Trades

    This year's decline in the U.S. dollar is drawing investors back into a practice that they had eschewed for some years: Borrowing the greenback to buy riskier assets in what is known as a carry trade. A number of investors are pursuing higher returns by buying overseas assets. Investment firm Ashmore Group, for instance, sold the dollar to add local-currency government bonds from Mexico, Indonesia and Brazil to its portfolios, according to Jan Dehn, head of research.

  • Royal Dutch Shell plc Royal Dutch Shell Plc Second Quarter 2020 Euro And Gbp Equivalent Dividend Payments

    TIDMRDSA TIDMRDSB The Hague, September 8, 2020- The Board of Royal Dutch Shell plc (RDS/A) today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2020 interim dividend, which was announced on July 30, 2020 at US $0.16 per A ordinary share and B ordinary share. Dividends on A Shares will be paid, by default, in euros at the rate of EUR0.1353 per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency...

  • Companies Brace for Profit Hit From Euro Rally

    The euro's sharp rally this year is seen as a vote of confidence by investors on the prospects for Europe's economic recovery. But companies and their shareholders are bracing for pain. The euro has climbed 5.6% against the dollar this year, its biggest advance since 2017. On Sept. 1, it surpassed$ 1.20 for the first time since May 2018. The currency is near an all-time high on what is known as a trade-weighted basis.

  • China's Forex Reserves Rose $10.2 Billion in August

    BEIJING--China's foreign-exchange reserves rose in August for a fifth straight month, thanks to a trade surplus and a stronger yuan, official data showed Monday. The country's hoard of foreign exchange increased by $10.2 billion to $3.165 trillion at the end of August, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $16 billion rise in reserves in August.

Search News

Filter Results

Publication Date
Topic
Provider

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.