A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees to investors, according to a document seen by Reuters.
The Chilean peso spearheaded the
gains among major Latin American currencies against a muted
dollar on Friday on rising copper prices, while the Mexican peso
touched a one-week high following strong ...
* Canadian dollar edges up 0.1% against the greenback. * For the week, the loonie falls 0.9% * Flash estimate shows wholesale trade up 1.6% in April. * 10-year yield touches highest since March 7 at 3.369% By Fergal Smith.
A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees to investors, according to a document seen by Reuters.
Most Latin American currencies gained
on Friday against a muted dollar as news of progress in talks to
raise the U.S. debt ceiling eased market jitters, with Mexico's
peso leading the advance ...
The dollar pared losses on Friday after a fresh readout of inflation data and was on track for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates and nervously eyed last-ditch talks on the U.S. debt ceiling.
* Turkey's lira breaches 20-to-the-dollar mark. * Poland, Czech Republic credit rating reviews due. * South African rand steadies from record low. * EM stocks, FX set for weekly declines. By Siddarth S and Amruta Khandekar.
The dollar eased on Friday but remained on track for a third straight weekly gain, as markets raised bets on higher-for-longer interest rates to curb sticky inflation and nervously awaited a resolution to last-ditch U.S. debt ceiling talks.
The Russian rouble firmed in early trade on Friday, staying close to the 80 mark against the dollar where it has spent most of this week, supported by the increased supply of foreign currency associated with upcoming month-end tax payments. At 0706 GMT, the rouble was 0.3% stronger against the dollar at 79.95 and had gained 0.3% to trade at 85.85 versus the euro.
Britain's interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers - and yet the pound didn't know whether to laugh or cry.
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