Forex News

. The British pound fell against the U.S. dollar on Monday in Asia after U.K. Prime Minister Boris Johnson failed to win parliamentary backing for his divorce deal. The GBP/USD pair fell 0.4% to 1.2912 by 12:10 AM ET (04:10 GMT). U.K. lawmakers voted on Saturday to withhold on Johnson’s deal. Despite the delay, markets remained confident that a no-deal exit fr

. FILE PHOTO: A bank employee counts pound notes at Kasikornbank in Bangkok By Tomo Uetake SYDNEY Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his wi

By Tomo UetakeSYDNEY Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement.The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bulk of its recent rally on conf

By Elizabeth Piper and Kylie MacLellanLONDON Prime Minister Boris Johnson sent an unsigned letter to the European Union requesting a delay to Britain's exit from the bloc and also said he did not want the extension after his latest Brexit setback in parliament on Saturday.Johnson had previously said he would rather be "dead in a ditch" than ask fo

By William James and Kylie MacLellanLONDON Prime Minister Boris Johnson puts his last-minute Brexit deal to a vote in an extraordinary sitting of the British parliament on Saturday, a day of reckoning that could decide the course of the United Kingdom's departure from the European Union.More than three years since the United Kingdom voted 52-48 to

-- Autopista Regis Bittencourt SA, a Brazilian toll road operator ultimately controlled by Italy’s Benetton family, has mandated three banks to sell as much as 1.7 billion reais ($408 million) of bonds in the local market.Banco BTG Pactual SA, Banco Itau Unibanco Holding SA and Banco do Brasil SA have been selected by the Registro, Sao Paulo sta

. The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc.U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of EU rules on some goods, with the U.K. only charging EU tariffs on

-- The euro’s rally may have further to run with the shared currency likely to find support from a range of factors after uncertainty over Brexit clears.The common currency touched its strongest level in seven weeks on Thursday after the U.K. and the European Union reached a deal on Brexit. While British lawmakers could reject the pact on Saturday, the possibility of increase

By Behiye Selin Taner and Ali KucukgocmenISTANBUL Turkey's lira firmed nearly 1% against the dollar on Friday, as the prospect of severe sanctions from the United States waned after Ankara agreed to a ceasefire in northern Syria, raising expectations of a rate cut by the central bank next week.The currency had been under pressure due to a deterior

-- India’s Monetary Policy Committee was unanimous in its view that a deepening economic slowdown is worrying enough to keep interest rates low for longer, the minutes of its latest meeting show.The concern explains Governor Shaktikanta Das’s statement that the Reserve Bank of India would keep its policy stance accommodative for as long as it

-- Mario Draghi has locked in monetary policy for the next three years while bequeathing several tricky tasks to his successor at head top of the European Central Bank, according to a survey of economists.Most respondents said the ECB won’t raise interest rates until late 2022, with asset purchases ending about three months before then

-- Currency strategists are ruling nothing out for Saturday’s crucial parliamentary vote on Britain’s deal to exit the European Union -- and that makes forecasting where sterling will settle something of a crapshoot.The pound could surge to $1.35 or slip to around $1.26, strategists and fund managers say as they assess the range of possible ou

. Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S. -- The Turkish lira jumped to its strongest level in almost two weeks while bonds and stocks rallied after the U.S. agreed not to impose any further sanctions on Turkey as part of a temporary cease-fire deal in Syria struck between Ankara and Washington on Thursday.The currency gained as muc

-- The dollar was mixed in narrow ranged in early trading in Europe Friday, while the pound retreated as doubts swirled both about the merits of Boris Johnson’s Brexit deal and about the likelihood of him persuading Parliament to approve it.The biggest gainer of the morning was the Turkish lira, which surged nearly 1% against the dollar to 5.78126 by 4 AM

-- The phenomenon of the dollar’s strength against emerging-market currencies during U.S. stock market sell-offs -- the so-called Dollar Smile -- has diminished.A study on the performance of non-Asian developing nation currencies since 2000 shows dollar strength accompanying U.S. equity market corrections is becoming significantly less

. The British pound gave up gains on Friday in Asia as traders digested the latest Brexit news. The British pound rose to near a five-month high against the U.S. dollar after the European Union Commission President Jean-Claude Juncker and U.K. Prime Minister Boris Johnson both confirmed via twitter that a Brexit deal had been reached. However, the pound reversed

By Stanley WhiteTOKYO The British pound traded near a five-month high against the dollar and the euro after British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc.Sterling's gains on the dollar helped push the greenback to a five-month low versus the euro and a three-week low against the Swis

. – Turkish assets rose Thursday after Turkish President Recep Tayyip Erdogan agreed to a five-day ceasefire in Syria following a meeting with U.S. Vice President Mike Pence and Secretary of State Mike Pompeo.Turkey agreed to halt its assault in Syria for five days, allowing Kurdish forces to withdraw from the Turkey-Syria border, Pence told reporters. Turkey als

. The U.S. dollar remained tepid on Thursday, while sterling tried to hold onto earlier gains after reports that the U.K. and European Union had reached a Brexit deal. European Union Commission President Jean-Claude Juncker and U.K. Prime Minister Boris Johnson announced an agreement via Twitter, which was later expanded on by the EU's top negotiator Michel Barni

. Hasenstab Flips to Safe-Haven Currencies After $3 Billion Loss -- Franklin Templeton star bond investor Michael Hasenstab is loading up on safe-haven currencies and winding down massive holdings in emerging markets after two of his biggest investments flopped in August.The fund manager doubled exposure to the yen to 40% in the $30 billion Templeton Glob

. The pound rallied on Thursday after the European Union Commission President Jean-Claude Juncker and U.K. Prime Minister Boris Johnson both confirmed via twitter that a Brexit deal had been reached. GBP/USD jumped 0.8% to 1.2923 as of 5:40 AM ET (9:40 GMT). Gains were capped after Northern Ireland's Democratic Unionist Party said it remains opposed to the propos

. Sterling reversed gains on Thursday as hopes for a Brexit deal were dealt a serious blow after Northern Ireland's Democratic Unionist Party said it will vote against a Brexit deal.The DUP said the proposals are not beneficial to the economic wellbeing of Northern Ireland.The pound had rallied to multi-month highs earlier after Britain reached a last-minute Brex

By Nevzat DevranogluANKARA Turkey's lira was flat on Thursday as its state banks continued to squeeze offshore swap markets to support the currency, ahead of expected high-level U.S. talks in Ankara over the Turkish military incursion into northeastern Syria.U.S. Vice President Mike Pence and Secretary of State Mike Pompeo were due to arrive in Tu

LONDON Britain is putting as much pressure as it can on the United States to rethink a decision to impose tariffs on Scottish whisky, trade minister Liz Truss said on Thursday.The United States plans to impose 25% duties on a range of European products, including Scottish whiskies, after it was authorized to by the World Trade Organization as reta

. The British pound fell on Thursday as hopes for a last minute Brexit deal were dealt a blow, while the dollar nursed losses amid persistent doubts over prospects for a mooted U.S.China trade deal.Sterling was down 0.4% to 1.2780 by 03:23 AM ET (07:23 GMT) after Northern Ireland's Democratic Unionist Party said it could not support the Brexit deal being prop