Forex News

ANKARA (Reuters) - Qatar pledged $15 billion of investment in Turkey on Wednesday

The dollar steadied against its rivals at 13-month highs Wednesday, but gains were limited by rising demand for safe-haven yen on fears turmoil in Turkey could spill over into other markets.

Tesla (NASDAQ:TSLA) stock sank midday on a report that the Securities and Exchange Commission is moving forward in an investigation about Elon Musk’s tweets about potentially taking the company private.

Tesla (NASDAQ:TSLA) stock sank midday on a report that the Securities and Exchange Commission is moving forward in an investigation about Elon Musk’s tweets about potentially taking the company private.

ANKARA (Reuters) - Qatar pledged $15 billion of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters on Wednesday.

(Bloomberg) -- South Africa’s rand plunged against the dollar after Moody’s Investors Service said the pace of fiscal consolidation will be slower than government forecasts as weaker-than-expected economic growth and a rising public sector wage bill act as fiscal headwinds.

The dollar rose to 14-month highs against a currency basket on Wednesday, as fears over the impact of Turkey's currency crisis and global trade tensions bolstered safe haven demand.

By Polina Nikolskaya and Vladimir Abramov

LONDON (Reuters) - The chance of Britain failing to reach an exit deal with the European Union before the end of March next year is now 50-50, Latvia's Minister of Foreign Affairs Edgars Rinkevics said during an interview with the BBC.

LONDON (Reuters) - The dollar rose on Wednesday to its highest levels in over a year as a crisis in the Turkish lira that has spread to emerging markets fed demand for the greenback as a safe-haven asset.

The dollar was trading near 13-month highs against a currency basket on Wednesday amid fears over contagion effects from Turkey's financial crisis, while the Turkish lira rallied after Ankara hit the U.S. with fresh tariffs.

LONDON (Reuters) - Police searched three addresses in central England as part of an investigation into what they said appeared to be a terrorist attack outside Britain's parliament when a man drove a car into pedestrians and cyclists.

The U.S. dollar advanced on Wednesday after hitting another 13-month high in the previous session as safe-haven demand increased amid lingering concerns over the Turkish lira crisis.

(Bloomberg) -- Hong Kong intervened to defend its peg to the dollar for the first time in three months after the local currency fell to the weak end of its trading band.

The dollar rose against its rivals to an 18-month high Tuesday, supported by a slump in the euro as concerns over Turkey's vulnerable economy persisted despite a rebound in the lira.

By Andrew Osborn

LONDON (Reuters) - Britain's counter-terrorism police chief said investigators believe a man deliberately drove a car into pedestrians before crashing into barriers outside parliament on Tuesday and the arrested suspect was not cooperating with detectives.

By Daren Butler and Behiye Selin Taner

The Turkish lira rallied on Tuesday, as the currency found its footing following two days of intense selling after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.

(Bloomberg) -- There’s not a moment of respite for India’s inflation-targeting central bank.

The Turkish lira rallied on Tuesday, as the currency found its footing after two days of intense selling after the country's central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets.

The Turkish lira stabilized while the U.S. dollar slipped on Tuesday as Turkey’s central bank promised to save the country’s financial crisis.

The Turkish lira stabilized while the U.S. dollar slipped on Tuesday as Turkey’s central bank promised to save the country’s financial crisis.

By Hideyuki Sano

By Hideyuki Sano