BUENOS AIRES (Reuters) – Argentina’s central bank will raise the benchmark interest rate to 118% from 97% previously, an official source said Monday, adding the country’s currency will be devalued to 350 pesos per dollar in the aftermath of a shock primary election. Sunday’s primary vote, seen as a reliable…

By Eliana Raszewski and Jorgelina do Rosario BUENOS AIRES/LONDON (Reuters) -Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result. Congressman…

By Joice Alves LONDON (Reuters) – Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the yuan sank to a nine-month trough after China’s central bank unexpectedly cut key policy rates for a second time…

Investing.com – The U.S. dollar edged lower in early European trade Tuesday, but remained near recent highs, while the Chinese yuan saw volatile trading after the country’s central bank unexpectedly cut key policy rates. At 02:00 ET (06:00 GMT), the , which tracks the greenback against a basket of six…

MOSCOW (Reuters) -The Russian rouble rose on Tuesday as investors bet the central bank would hike rates at an extraordinary policy meeting after the Russian currency tumbled past 101 per U.S. dollar on Monday and prompted a Kremlin call for tougher monetary policy. The rouble, which has lost more than…

Investing.com – The U.S. dollar rose in early European trade Monday, trading near a five-week high on concerns the Federal Reserve could keep raising interest rates, while property sector concerns weighed on the Chinese yuan. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of…

The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday. President Vladimir Putin’s economic advisor said Russia was interested in a strong rouble and that loose monetary policy was the main reason behind the currency’s weakness. It…

By Hannah Lang and Harry Robertson WASHINGTON/LONDON (Reuters) – The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due to concerns about China’s economy, and traders braced for possible Japanese government intervention after the yen hit its lowest level since November. The…

MOSCOW (Reuters) -President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia’s monetary authorities. The rouble, which has lost around a quarter of its value…

Investing.com– Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates. Concerns over worsening economic conditions in China also kept sentiment towards Asian assets dim, especially amid reports…