Japan’s top forex diplomat vigilant to market impact from BOJ stimulus exit
By Tetsushi Kajimoto, Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said he was closely watching how central bank decisions, including an expected end to negative…
BOJ data suggests there was no forex intervention on Tuesday
TOKYO (Reuters) -The Bank of Japan’s money market data showed on Wednesday that Japan likely did not intervene in the currency market a day earlier, as the current account balance was projected…
Japan will not rule out any options against forex volatility – PM Kishida
(Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that his government will not rule out any options in addressing excessive volatility in the foreign exchange market. “It is important that…
Most Turkey depositors returned to forex after leaving lira scheme
By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) – Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected accounts, according to initial data and senior…
China forex reserves rise to $3.204 trln in July
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in July, official data showed on Monday, as the dollar fell against other major currencies. The country’s foreign exchange reserves –…
Russia to decrease daily forex sales in coming month
(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease in the…
Taiwan says will it keep talking to US on forex policies
TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United…
Japan govt says volatile forex market ‘undesirable’
TOKYO (Reuters) – Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching the market and ready to take “appropriate”…
Pakistan central bank’s forex reserves fall $102 million to $4.09 billion in week ended May 26
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended May 26, the central bank said in…
ECB zeroes in on struggling borrowers and forex as times get tougher
FRANKFURT (Reuters) – The European Central Bank on Wednesday told banks to step up how they manage struggling borrowers and their own currency trading in an environment of higher interest rates and…
China forex reserves rise to $3.205 trln in April
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in April, official data showed on Sunday, as the dollar fell against other major currencies. The country’s foreign exchange reserves –…
US, South Korean leaders pledge to cooperate on forex market stability
(Reuters) – U.S. President Joe Biden and South Korean President Yoon Suk Yeol upgraded their commitment to cooperate on maintaining stability in foreign exchange markets at a summit on Wednesday, a senior…
India’s forex reserves rise for second week, hit over 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended April 14, the Reserve Bank of India’s…
India’s forex reserves jump to 9-month high
MUMBAI (Reuters) – India’s foreign exchange reserves jumped to $584.76 billion for the week ended April 7, the highest in nine months, the Reserve Bank of India’s (RBI) statistical supplement showed on…
Turkey’s cenbank urges banks to avoid creating forex demand, bankers say
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, and to…
China forex reserves rise to $3.18 trln in March
BEIJING (Reuters) – China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies. The country’s foreign exchange reserves – the world’s largest…
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns.…
CEO Of Cryptocurrency And Forex Trading Platform Pleads Guilty To Over $240 Million Scheme To Defraud Investors
Damian Williams, the United States Attorney for the Southern District of New York, announced today the guilty plea of EDDY ALEXANDRE, the leader of a purported cryptocurrency and foreign exchange (“forex”) trading…
Swiss National Bank steps up forex sales during Q3
ZURICH (Reuters) – The Swiss National Bank increased its forex sales to 739 million Swiss francs ($799.35 million) during the third quarter of 2022, the central bank said on Friday, showing how…
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according to a regulation published in the country’s…
Lebanon central bank to use forex rate of 15,000 pounds per dollar as of Feb 1
BEIRUT (Reuters) -Lebanon’s central bank will adopt an exchange rate of 15,000 Lebanese pounds per U.S. dollar as of Feb. 1 as part of a process to unify the country’s multiple exchange-rate…
Russian firms cut forex loans, exposure in Oct -central bank
MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by $11.1 billion, the central bank said on…
Bristol Myers Q3 sales fall on Revlimid, forex pressure
(Reuters) – Drugmaker Bristol Myers Squibb said on Tuesday its third-quarter sales fell from last year as generic competition ate into sales of its blockbuster cancer drug Revlimid in the United States,…
MOF’s Suzuki: Japan will act resolutely on forex volatility – Kyodo
TOKYO (Reuters) – There are no changes to Japan’s position that it will act resolutely in case of volatility in the currency market, the Kyodo news agency quoted Japan’s Finance Minister Shunichi…
Hong Kong forex reserves at $419.2 billion at end-Sept – HKMA
Oct 7 (Reuters) – Hong Kong’s official foreign currency reserve assets stood at $419.2 billion at end-September, the Hong Kong Monetary Authority said on Friday, down 2.9 percent from $431.8 billion at…
Indonesia’s forex reserves drop to $130.8 billion at end-September
JAKARTA (Reuters) – Indonesia’s foreign exchange reserves fell by $1.4 bln last month to $130.8 bln due to payments of foreign debt and the central bank’s effort to stabilise the rupiah currency,…
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