Safe-haven currencies out of favour on stimulus hopes, focus on Huawei

TOKYO (Reuters) – Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank’s interest rate reforms over the weekend that are expected to lower corporate borrowing costs, and reports of new […]

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Sterling rout not yet over as no-deal Brexit odds jump – Reuters poll

LONDON (Reuters) – Sterling’s recent slide is not yet over as the chances Britain and the European Union part ways without a withdrawal deal have jumped again after arch-Brexiteer Boris Johnson took over as prime minister last month, a Reuters poll found. Johnson, who was the face of the leave campaign ahead of the 2016 referendum and who took office […]

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Kiwi, Aussie tumble, yen rises on RBNZ rate cut shock

TOKYO (Reuters) – The Aussie and kiwi dollars skidded to multi-year lows on Wednesday after New Zealand’s central bank shocked markets by flagging the chance of negative interest rates, sending safe-haven assets soaring. Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr made the comments after the central bank stunned traders by cutting interest rates a larger-than-expected 50 basis points […]

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With some luck, Turkish lira defies doubters – for now

ISTANBUL (Reuters) – Turkey’s lira has risen in recent months despite Ankara abruptly sacking the central bank governor and risking U.S. sanctions over Russian missiles, silencing for now critics who had warned such moves could cause another currency crisis. The lira has been a fortunate beneficiary of the U.S. Federal Reserve’s shift to a more supportive stance, which has boosted […]

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