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SINGAPORE (Reuters) - The dollar was on the front foot on Monday, supported by a strong run of economic data out of the ...
20/02/2023

SINGAPORE (Reuters) - The dollar was on the front foot on Monday, supported by a strong run of economic data out of the United States that traders bet will keep the Federal Reserve on its monetary policy tightening path for longer than initially expected.

The greenback firmed slightly against most major currencies in Asia trade, sending sterling 0.06% lower to $1.2035. Against the Japanese yen, the dollar stood near a roughly two-month high at 134.11.

Asian shares edged up from their lowest levels in about one month but trading was slow ahead of minutes of the last Fede...
20/02/2023

Asian shares edged up from their lowest levels in about one month but trading was slow ahead of minutes of the last Federal Reserve meeting and a reading on core inflation, with rising interest rates still seen as a risk for markets.

In Europe, money markets show that investors are already betting on a peak European Central Bank rate around 3.75% by late summer, up from levels around 3.4% earlier this month.

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban said on Saturday that Europe was "indirectly at war with Russ...
19/02/2023

BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban said on Saturday that Europe was "indirectly at war with Russia" as several European countries pledge to send battle tanks to help Ukraine fight Moscow's invasion.

Nationalist Orban, who was reelected in 2022 for a fourth consecutive term, reiterated that being a NATO member was "vital" for Hungary, but said his government would not send arms to Ukraine or sever its economic relations with Moscow

M A, [19.02.2023 10:28]BRUSSELS (Reuters) -Hungary must bolster the independence of its judiciary "very soon" to stand a...
19/02/2023

M A, [19.02.2023 10:28]
BRUSSELS (Reuters) -Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the European Union's COVID recovery stimulus, a senior EU official said.

Hungary can receive some 5.8 billion euros ($6.20 billion) in free grants and a further 9.6 billion euros in cheap loans from the EU, but the bloc has suspended any payments until Budapest implements reforms to improve judicial independence and tackle corruption.

M A, [19.02.2023 10:29]
BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban said on Saturday that Europe was "indirectly at war with Russia" as several European countries pledge to send battle tanks to help Ukraine fight Moscow's invasion.

Nationalist Orban, who was reelected in 2022 for a fourth consecutive term, reiterated that being a NATO member was "vital" for Hungary, but said his government would not send arms to Ukraine or sever its economic relations with Moscow

African countries are getting a raw deal from the international financial system which charges them "extortionate" inter...
18/02/2023

African countries are getting a raw deal from the international financial system which charges them "extortionate" interest rates, the U.N. chief said on Saturday, as he announced $250 million in crisis funding, including for famine risk on the continent.
The United Nations Secretary-General Antonio Guterres wants far-reaching reforms to the structure of international finance to serve the needs of developing countries more efficiently, he told the opening ceremony of the annual African Union summit in Ethiopia.

Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15....
18/02/2023

Hungary must bolster the independence of its judiciary "very soon" to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the European Union's COVID recovery stimulus, said a top official in the bloc.
Hungary can get some 5.8 billion euros ($6.20 billion) in free grants and another 9.6 billion euros in cheap loans from the EU but the bloc has suspended any payments until Budapest implements reforms to improve judicial independence and tackle corruption.

Thursday's economic data and other reports this week paint a picture of still-stubborn inflation and an economy that rem...
17/02/2023

Thursday's economic data and other reports this week paint a picture of still-stubborn inflation and an economy that remains relatively strong in the face of the Fed's rate hike campaign.

"With data like this, the Fed is going to keep raising rates, and none of us want that," said Tim Ghriskey, senior portf...
17/02/2023

"With data like this, the Fed is going to keep raising rates, and none of us want that," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "There are at least whispers now of the possibility of a 50 basis point hike at the next meeting."

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