By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision to reimpose currency controls, a measure it had been reluctant to take, preferring higher interest rates to try and stem the rouble’s sharp devaluation in recent months. The government…

Morgan Stanley has identified a potential risk to the sterling’s 5%-20% premium due to the persistent current account deficit in the UK, according to their analysis of the country’s trade data. The bank’s scrutiny comes ahead of the anticipated publication of the Pink Book. According to Morgan Stanley, the sterling…

Investing.com – The U.S. dollar slipped lower in early European trade Thursday, hovering near a two-week low ahead of the release of key U.S. inflation data. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377,…

By Alexander Marrow (Reuters) – The Russian rouble leapt more than 3% on Thursday to a more than two-week high past 96 to the dollar after President Vladimir Putin ordered the mandatory sale of foreign currency revenues for some exporters to buttress the Russian currency. The rouble collapsed to a…

By Ankur Banerjee and Alun John SINGAPORE/LONDON (Reuters) – The dollar meandered near a two-week low on Thursday ahead of U.S. inflation data that will help shape the Federal Reserve’s next policy steps, a day after the release of minutes from the Fed’s last meeting showed policymakers taking a cautious…

By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – The free-fall of Argentina’s troubled peso showed no signs of slowing on Tuesday, with the local currency surpassing the psychological barrier of 1,000 pesos per U.S. dollar less than two weeks before a crucial presidential election. The peso weakened to…

The fell by 0.23% on Tuesday, influenced by a stock market rally and Atlanta Fed President Bostic’s dovish stance on further interest rate hikes. This drop comes despite some safe-haven demand spurred by Middle East turmoil. Bostic expressed that the current policy rate is adequate to bring inflation down to…

On Wednesday, the euro appreciated against the U.S. dollar, influenced by a decrease in Treasury yields following dovish comments from Federal Reserve officials and anticipated Chinese stimulus measures. Atlanta Federal Reserve President Raphael Bostic, speaking at the American Bankers Association, expressed that no further interest rate hikes were necessary. This…

Investing.com – The U.S. dollar traded largely unchanged in early European hours Wednesday, adopting something of a holding pattern ahead of the release of key inflation data as well as the minutes from the last Federal Reserve meeting. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback…

By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) – The dollar slid on Wednesday after hotter-than-expected data on U.S. producer prices showed underlying inflation moderated a bit more in September, providing further evidence for the market to reason the Federal Reserve is done hiking interest rates. The producer price…