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Sterling Falls As Election Uncertainty Flares, Volatility Surges

Sterling Falls As Election Uncertainty Flares, Volatility Surges

A day after touching its lowest level in more than five weeks, Sterling fell versus the dollar, as the outcome of the June 8 snap election remains far from certain. Rising market stress exactly a week before the vote has seen a gauge of implied volatility in the pound climb. A YouGov Plc study published in the […]

Russia’s Currency War By Other Means Targets Ruble’s Oil Link

Russia’s Currency War By Other Means Targets Ruble’s Oil Link

Russia wants the ruble to stop acting like an oil currency. A fiscal mechanism unveiled this year, under which the government absorbs all additional revenue when crude is above $40 a barrel, marks a “change in ideology” from the previous mechanism designed to ensure budget stability, according to Deputy Finance Minister Vladimir Kolychev. Given that the central […]

Dollar Hits One-week High Against Yen

Dollar Hits One-week High Against Yen

The US dollar gained more ground against the yen on Friday ahead of U.S. jobs data that should, judging by the rhetoric of U.S. central bankers, cement a rise in Federal Reserve interest rates later this month. With the mood on global stock markets broadly buoyant, the commodity-price-dependent bloc of currencies led by the Australian […]

Russia’s Foreign Direct Investment Hits $7bn In Q1, Putin Says

Russia’s Foreign Direct Investment Hits $7bn In Q1, Putin Says

Russia’s President Vladimir Putin said on Friday that foreign direct investment in the Country totalled $7 billion in the first quarter of this year, the highest level for that period in the past three years. “We have a situation shaping up today where investment growth is exceeding growth in gross domestic product,” Putin told the St […]

Dollar To Rise 10% Above Yen, Euro, Says Goldman Fund Manager

Dollar To Rise 10% Above Yen, Euro, Says Goldman Fund Manager

The dollar has been a barometer of faith in President Donald Trump’s ability to bolster the U.S. economy The dollar is set to strengthen about 10 percent against the yen and euro as the Federal Reserve raises interest rates at least two more times this year, according to Goldman Sachs Asset Management. Treasury 10-year yields […]

Brian Moynihan: Bank Of America Ceo Talks Down Second-quarter Expectations

Brian Moynihan: Bank Of America Ceo Talks Down Second-quarter Expectations

Bank of America Corp (BAC.N) second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, the bank’s Chief Executive Brian Moynihan said on Wednesday. Speaking at an industry conference, Moynihan said trading revenues are on track to be some 10 percent to 12 […]

Option Market Bets Against Britain’s Pound Hit 2-1/2 Month High

Option Market Bets Against Britain’s Pound Hit 2-1/2 Month High

May 31 Option market bets on weakness in Britain’s pound Sterling reached their highest in more than two months on Wednesday after an overnight shock to the exchange rate from a poll showing the ruling Conservatives falling short of a majority in next week’s election. The 1-month sterling-dollar risk reversal – a measure of the […]

Africa’s Insurance Premium Depressed By Currency Depreciation In Nigeria, Egypt

Indications show that currency devaluation in Nigeria and Egypt is taking huge toll on Africa’s insurance premium income as measured in US Dollar terms. This was made known in the second edition of Africa Insurance Barometer market survey released by the African Insurance Organisation, AIO, at the just concluded 44th Conference and General Assembly in […]

Dollar Firms Against Sterling, Euro Amid Political Uncertainties

The dollar firmed against a basket of currencies on Tuesday as the euro and sterling were pressured by political uncertainties in the UK and eurozone, even as it surrendered ground against the perceived safe-haven yen. The dollar index, which tracks the greenback against a basket of six rival currencies, rose 0.2 percent to 97.659 .DXY, […]

Sterling Inches Higher, Investors Keep Bets On PM May Victory

Sterling Inches Higher, Investors Keep Bets On PM May Victory

The pound has risen nearly 4 percent since May called a snap election for June Sterling rose against the dollar on Tuesday, with investors shrugging off opinion polls showing British Prime Minister Theresa May’s lead over the Labour opposition narrowing less than two weeks before a general election. The pound has risen nearly 4 percent […]

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