Latin American stocks and currencies
remained muted on Friday as a U.S. holiday provided few trading
cues, but were set to end the week with gains as bets grew for a
recovery from the economic ...
Turkey's lira slipped to its weakest since mid-May late on Friday after Fitch said the country still faces external financing risks and that its monetary easing cycle has neared an end, after inflation jumped more than expected. The currency, which hit a record low on May 7, was worth 6.865 versus the dollar to close the week, after sliding to as far as 6.88 in late-day trading.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Ritvik Carvalho. Sterling headed for its first positive week in four against the dollar on Friday, holding below the $1.25 mark as a week of negotiations between Britain and the European Union ended prematurely, with meetings expected to resume next week.
Latin American stocks and currencies were
muted on Friday as a U.S. holiday provided few trading cues, but
were set for weekly gains as bets grew for a recovery from the
economic effects of the ...
The Canadian dollar was little
changed against its U.S. counterpart on Friday, holding on to
this week's rally as it kept to a narrow trading range with U.S.
Ukraine's Central Bank Governor Yakiv Smoliy said on Friday he had resigned as a protest against the "systematic political pressure" being exerted on the bank to take decisions that were economically unsound. He accused politicians of trying to strong-arm him into cutting interest rates, letting the currency devalue and letting inflation rise, while smearing the bank with "information attacks".
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * U.S. markets are closed for a public holiday today. By Elizabeth Howcroft. The dollar edged up on Friday and currency traders' risk appetite was boosted only slightly by better-than-expected jobs data in the United States, as surging coronavirus cases continued to taper market optimism.
* Shanghai shares hit 5-year high on service sector recovery. * U.S. payrolls jump 4.8 mln but hurdles lie ahead. * European markets see subdued end to week. * Copper on best weekly run in nearly three years. * Rising U.S. COVID-19 cases threaten U.S. recovery. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * By Marc Jones.
* MSCI EM Stocks index set to jump over 3% for the week. * Spiking COVID-19 cases keep currencies constrained. * South African rand set to outperform EMEA FX for the week. By Ambar Warrick.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Ritvik Carvalho.
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