Forex News

. Treasury Secretary Steve Mnuchin speaks at a news briefing By Dmitry Zhdannikov and Alexander Cornwell DOHA U.S. Treasury Secretary Steven Mnuchin said on Saturday a "phase one" trade deal between the United States and China was "very good" for global economic growth, and added that the second phase could come in several steps. The United St

By Dmitry Zhdannikov and Alexander CornwellDOHA U.S. Treasury Secretary Steven Mnuchin said on Saturday a "phase one" trade deal between the United States and China was "very good" for global economic growth, and added that the second phase could come in several steps.The United States and China cooled their trade war on Friday, announcing a "phas

. Britain's general election 2019 By Sarah Young and Andy Bruce LONDON Prime Minister Boris Johnson called on Friday for "closure" over the Brexit divisions that have riven the United Kingdom, saying his election victory provided an overwhelming mandate to take Britain out of the European Union on Jan. 31. Johnson, the face of the victorious "Leave" campa

. Britain's Prime Minister Boris Johnson returns to Downing Street, London By Sarah Young and David Milliken LONDON Prime Minister Boris Johnson called on Friday for unity to heal the Brexit divisions that have riven the United Kingdom, hours after winning a commanding victory from voters who backed his bid to deliver on the EU divorce by the end of Janua

. Britain's general election 2019 By Estelle Shirbon and David Milliken LONDON Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a resounding election victory, ending three years of uncertainty since Britons voted to leave the European Union. Johnson has relentlessly pursued Brexit since he put himself forward as the fac

. -- China's Commerce Ministry said it has agreed with the U.S. on a text for a phase-1 trade deal that would see U.S. import tariffs on Chinese goods reduced in stages, Vice Commerce Minister Wang Shouwen said on Friday.The text "includes nine chapters, including intellectual property rights, technology transfer, food and agriculture, financial services, exchange

. -- President Donald Trump denied a Wall Street Journal story claiming that he had signed off on a deal to postpone further tariffs on Chinese imports and cut some existing ones in returns for guaranteed volumes of U.S. farm goods purchases."The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They

. Carney BOE Succession Eased by Tory Win as Growth Stays Weak -- Boris Johnson’s decisive win in the U.K. election clears the way for his government to speedily name the next Bank of England governor, handing them part control of an economy that continues to limp along and which will soon face fresh Brexit risks.Chancellor of the Exchequer Sajid Javid

By David Milliken and William SchombergLONDON Britain was speeding toward Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc.Exiting the European Union, a goal Johnson has pursued relentlessly since he put himself forward as the face of

-- The Bank of Russia delivered a fifth consecutive bout of monetary easing, cutting the key rate by 25 basis points as the inflation rate continued to fall below target.The bank lowered its benchmark interest rate to 6.25%, according to a statement published on Friday, taking the total reduction this year to 150 basis points. The move was forecas

. -- The pound and U.K. stocks were set to open sharply higher Friday after Prime Minister Boris Johnson’s Conservative Party scored a decisive win in the U.K. general election, breaking a three-year deadlock over Brexit and banishing the threat of a left-wing government with an agenda of nationalization and hostility toward much of the financial sector.By 2:45 A

By Elizabeth PiperIt was a straight forward message: “Get Brexit done.”The mantra of British Prime Minister Boris Johnson and his Conservative Party during the national election campaign was aimed at harnessing voter frustration at a parliamentary logjam over Britain’s exit from the European Union.It worked.Beyond the traditional strategy of

. The British pound jumps more than 2% against the U.S. dollar after a U.K. election exit poll suggested that Boris Johnson’s Conservative Party is projected to win the election. The GBP/USD pair jumped 2.3% by 11:15 PM ET (03:15 GMT). “If the Conservatives do win a majority, passing a Brexit divorce deal in the coming weeks would remove any risk of a no-dea

. The Wider Image: African churches boom in London's backstreets By Stanley White TOKYO The pound rose to a three-and-a-half year high versus the euro and the highest in more than a year versus the dollar after exit polls suggested a win for the Conservatives, which should help ensure the UK's smooth exit from the European Union. The Chinese yuan rose in

By Stanley WhiteTOKYO The pound rose to a three-and-a-half year high versus the euro and the highest in more than a year versus the dollar after exit polls suggested a win for the Conservatives, which should help ensure the UK's smooth exit from the European Union.The Japanese yen fell and the Chinese yuan surged in offshore trade after

. The British pound jumped as the U.K. general election exit poll showed Thursday the ruling Conservative party running away with a big majority in parliament.GBP/USD surged more than 2.2% shortly after the polls came out.The Conservatives are predicted to win 368 seats, with opposition Labour taking 191 seats, the Scottish National Party with 55 seats and the Li

. – The pound retreated further on Thursday on fears the ruling Conservative party is set to secure a narrower parliamentary majority than expected after the latest polls showed its lead had shrunk ahead of election results due later.The YouGov MRP constituency-by-constituency poll predicts the Tories would win 339 seats, giving the governing party a majority of

. Lagarde Wants an `Economic Ballet.’ It Could Be a Mosh Pit. ( Opinion) -- Christine Lagarde started her first press conference as president of the European Central Bank by warning that she was different from her predecessor, Mario Draghi. It took reporters just a few minutes to realize that she was indeed.Lagarde is ushering in an era of democratic cent

OTTAWA Canada's Conservative Party leader Andrew Scheer, who lost the October election to Liberal Prime Minister Justin Trudeau, has decided to resign, a party source said.He will stay on as party chief until the party chooses a new leader, the source said.

OTTAWA Canada's Conservative Party leader Andrew Scheer, who lost the October election to Liberal Prime Minister Justin Trudeau, has decided to resign, a party source said.He will stay on as party chief until the party chooses a new leader, the source said.

. -- U.S. negotiators are preparing to offer to cancel the next round of import tariffs on Chinese goods and cut existing tariffs in return for guaranteed purchases of U.S. agricultural goods, the Wall Street Journal reported Thursday, citing people familiar with the matter. Minutes earlier, President Donald Trump had tweeted that the U.S. was "getting VERY CLOSE t

. The dollar was hovering near four-month lows on Thursday, nursing its steepest losses in weeks after the Federal Reserve forecast that it would keep interest rates on hold through 2020.Investors also remained cautious ahead of Sunday's deadline for the next round of U.S. tariffs on Chinese imports to take effect, and ahead of a European Central Bank meeting and

. The U.S. dollar slipped on Thursday in Asia after the Federal Reserve kept interest rates on hold, suggesting that the current path of monetary policy was "appropriate" to support economic growth and would likely remain in place through next year. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 97.035 by 10:0

By Tom WestbrookSINGAPORE The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields lower.Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chinese goods looms, and ahea

. – The U.S. dollar was flat on Wednesday, shrugging off data showing stronger-than-expected inflation as traders awaited a Federal Reserve interest rate decision later today.The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.02% to 97.39.The Labor Department said on Wednesday its consumer price