
Articles
-
2 weeks ago |
bloomberg.com | Peter Laca
(Bloomberg) -- Emerging-market currencies are benefiting from a weaker dollar and they may get a further boost if the US cuts interest rates, attracting more capital into carry trades, according to ING Bank NV. Investors are speculating whether US trade deals with Asia will involve a currency element, and Latin American economies seem to have avoided the worst of President Donald Trump’s tariffs, Chris Turner, ING’s head of FX strategy in London, and colleagues said in a note on Tuesday.
-
2 weeks ago |
bloomberg.com | Andra Timu |Peter Laca
A supporter holds a poster of Nicusor Dan in Bucharest, Romania, on May 18. (Bloomberg) -- Romania’s assets rallied after a centrist candidate defeated his nationalist opponent in the presidential election, but further market relief may be limited until the next government presents a plan to fix state finances.
-
2 weeks ago |
bloomberg.com | Maria Elena Vizcaino |Peter Laca |Subhadip Sircar
A supporter waves a Romanian flag outside the campaign headquarters of Nicusor Dan. Photographer: Alexandra Corcode/Bloomberg(Bloomberg) -- An index for emerging-market currencies advanced on Monday as the greenback fell following Moody’s Ratings downgrade of US government debt, while lawmakers in Washington debated more tax cuts. Eastern and Central European currencies led the gains, propelled by a stronger euro as traders looked to move cash out of US assets.
-
3 weeks ago |
bloomberg.com | Peter Laca
The Czech central bank headquarters in Prague. (Bloomberg) -- Czech central bankers agreed monetary policy needed to remain “moderately restrictive” to address persistent domestic price pressures and uncertain global economic outlook, minutes from the May 7 meeting showed. The debate, which preceded a quarter-point rate cut to 3.5%, indicated easing concerns among some board members over continued growth in services costs, the bank said on Friday.
-
3 weeks ago |
bloomberg.com | Peter Laca |Andra Timu
Campaign posters for presidential candidates in Bucharest. (Bloomberg) -- Investors are treating Romania’s eurobonds on par with junk-rated debt after months of political turmoil, and now the weekend’s presidential ballot brings fresh risks for the currency and local debt as well. The victory of ultranationalist George Simion in the first round triggered the resignation of the prime minister, sparked outflows from bonds and stocks and pushed the currency to a record low.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 22
- Tweets
- 0
- DMs Open
- No