Foreign Exchange News Results

  • China's U.S. Treasury holdings rise in October -data

    China's holdings of U.S. Treasuries increased in October after declining the previous month, as the world's second largest economy continued to build its foreign exchange reserves, data from the U.S. Treasury Department showed on Friday. China's pool of Treasuries increased to $1.189 trillion in October, from $1.180 trillion the month before.

  • Chile central bank announces measures to increase dollar liquidity

    Chile's central bank said on Friday it had approved measures to increase dollar liquidity in foreign exchange markets over the next four weeks, announcing the measures days ahead of a presidential election. The bank will offer currency swaps in dollars for up to $500 million, and to compensate the swaps will also offer repurchase agreements in Chilean pesos, it said in a statement.

  • CANADA FX DEBT-C$ slides vs firmer greenback after factory data disappoints

    The Canadian dollar weakened against its U.S. counterpart on Friday after domestic data showed a surprise drop in factory sales, while the greenback climbed broadly on prospects of a U.S. tax overhaul.

  • Speculators raise net-short dollar bets to $7.81 bln -CFTC, Reuters

    Speculators raised their net-short bets on the U.S. dollar to $7.81 billion in the latest week, the 22nd straight week of bearish bets against the U.S. currency, according to data from the Commodity Futures Trading Commision calculated by Reuters. It was the fourth straight week the net-negative positioning on the dollar has increased and was the largest net-negative position since Oct. 24.

  • How this weekend could decide the path of the South African rand

    Market favorite Ramaphosa faces populist Dlamini-Zuma. South Africa's ruling party, the African National Congress, is due to pick new leadership this weekend, a choice that could determine the path of South African assets, including the rand. The country has been struggling with an ailing economy, strained public finances and political hiccups, including most recently President Jacob Zuma's promise to make higher education free, which led to the downgrade of South Africa's...

  • Peru central bank does not see major impacts from political crisis

    Peru's central bank president Julio Velarde said on Friday that he did not expect the country's political crisis to affect economic growth or discourage investments as long as constitutional order was respected. Velarde added that the central bank was prepared to intervene in the foreign exchange market if necessary to curb volatility that he said should be temporary.

  • South Africa's rand rallies 2 percent as ANC set to pick new leader

    * Markets eye the ANC leadership conference. * Steinhoff woes continue, stocks weaken. South Africa's rand firmed 2 percent on Friday as the ruling African National Congress prepared to elect its now leader, the likely next president. Investors also cut long dollar positions amid tight liquidity. Stocks weakened, with Steinhoff topping the decliners after its chairman resigned late on Thursday.

  • Russian cenbank to continue forex operations for finance ministry

    Russia's central bank said on Friday it would continue conducting foreign exchange operations on behalf of the finance ministry, in accordance with an agreement struck with the ministry earlier this year. The central bank said in a statement the operations for the finance ministry would be spread evenly through the trading day.

  • GLOBAL MARKETS-World shares gain; U.S. dollar rises before holidays

    * Wall St up as gains in consumer staples power recovery. * H&M leads European shares lower after sales miss. * Dollar index firmer as volumes thin ahead of holidays. By Stephanie Kelly. World shares gained on Friday and Wall Street opened higher on U.S. tax legislation optimism, while the dollar strengthened as trading activity wound down before the Christmas and New Year holidays.

  • Dollar weakness, China resilience, global growth will drive EM currencies in 2018

    Central and Eastern Europe are the most compelling reflation story, says Nomura analyst. Emerging markets are expected to have a good 2018 thanks to the pick up in global growth, a resilient, if slowing, Chinese economy and a weaker U.S. dollar. Commodity prices are expected to remain relatively stable as well, giving room to a potential rally in EM, which are still relatively underinvested, market participants said.

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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.