By Alexander Marrow (Reuters) – The rouble weakened against the dollar on Friday after the Bank of Russia hiked rates by a more-than-expected 100 basis points, pointing to rising inflationary pressures, with risk-off sentiment hitting Russian assets before the weekend. The central bank’s decision to raise its key rate to…

(Reuters) – Russia’s central bank said on Friday it would resume foreign exchange interventions based on its National Wealth Fund (NWF) investments from Aug. 1, in addition to mirroring the finance ministry’s operations within the budget rule framework. It said the limit on such FX interventions was set at 300…

By Karen Brettell and Iain Withers NEW YORK (Reuters) – The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week, ahead of a busy week of central bank meetings that includes the…

Investing.com — The dollar snapped a two-week losing streak Friday ahead of the Federal Reserve’s widely expected rate hike next week, but some are divided on whether the rebound has staying power. The , which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.19% to…

Investing.com — Most Asian currencies rose on Friday, while the dollar hit a 15-month low against a basket of currencies as weak U.S. inflation readings saw investors pricing in fewer interest rate hikes this year. Weak and inflation readings released this week reinforced bets that the Federal Reserve was close…

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Cooling U.S. inflation is accelerating a decline in the , and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies from last year’s two-decade high and stands at its lowest level in…

Investing.com – The U.S. dollar edged higher in early European hours Friday, rebounding from 15-month lows as traders factored in an end of the Federal Reserve’s rate hike cycle as inflation eases.  At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies,…

By Nidhi Verma, Shivangi Acharya and Krishn Kaushik NEW DELHI (Reuters) – India and the United Arab Emirates may announce the start of a rupee-dirham payment mechanism to settle bilateral trade during Prime Minister Narendra Modi’s visit to Abu Dhabi on Saturday, industry and government sources said. Sources said on…

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the weekend, but its trajectory remained tilted to the downside with the Federal Reserve thought near the end of its rate…

By Kevin Buckland TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News. Suzuki was speaking after a meeting in India of the G7…