foreign-exchange
Top StoriesGlobal Finance Grapples With Ukraine Crisis as Shares Slump
Top StoriesFactbox-‘Londongrad’ Takes a Hit as Britain Slaps Tougher Sanctions on Russia
TradingSterling Falls to 2-month Low Versus Dollar, Biggest Drop Since March 2020
TradingRussian Rouble Plummets 3%, Bonds Hammered as Ukraine Declares State of Emergency
Russian Cenbank to Start Fx Intervention as Rouble Skids to Record Low
Date: February 24, 2022
By Elena Fabrichnaya and Andrey Ostroukh MOSCOW (Reuters) – The Russian central bank will step into the market to support the rouble, it said on Thursday, as the local currency crashed to an all-time low after President Vladimir Putin authorised what he called a special military operation in Ukraine. After weeks of denying plans to...
Oil Soars, Stocks Fall as Russia, Ukraine Fears Intensify
Date: February 23, 2022
By Sinéad Carew NEW YORK (Reuters) -Crude oil futures on Tuesday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed international responses after Russia sent troops into parts of Ukraine. Markets were jittery a day after Russia’s move but the safe-haven U.S. dollar was...
Russian Central Bank Vows Financial Stability Support as Rouble Tanks
Date: February 23, 2022
MOSCOW (Reuters) -The Russian central bank on Tuesday said it was ready to take all necessary measures to support financial stability, as Russian assets were hammered after Moscow sent what it called “peacekeeping” forces into eastern Ukraine. The rouble hit a near two-year low after President Vladimir Putin ordered the deployment of troops to two breakaway regions...
Britain Mistakenly Puts Russian Central Bank’s Address on Sanctions List
Date: February 23, 2022
LONDON (Reuters) -Britain on Tuesday mistakenly assigned the address of the Russian central bank to a privately held bank with close links to Russian President Vladimir Putin that was the target of sanctions announced by Prime Minister Boris Johnson. Johnson slapped sanctions on five private banks including Bank Rossiya, which the government said was “privately owned by elite Russian billionaires with direct...
Europe’s Banks Brace for Russia Fallout While U.S. Banks See Limited Pain
Date: February 23, 2022
By Lawrence White, Alexandra Schwarz-Goerlich and Pete Schroeder WASHINGTON/VIENNA/LONDON (Reuters) -European banks on Tuesday were bracing for the fallout from fresh global sanctions as the Ukraine crisis escalated, although U.S. bank executives said they expected the industry to be insulated from major disruption after pulling back from Russia in recent years. Europe’s banks – particularly...
Markets Pricing Some Geopolitics, but Risk Premia Can Grow Further -Goldman
Date: February 22, 2022
By Joice Alves LONDON (Reuters) -Global markets are already pricing chunky geopolitical risks, but there is scope for risk premia to rise further across all sectors, if a conflict breaks out between Russia and Ukraine, Goldman Sachs strategists said in a note on Monday. Current market levels imply a 5% discount is already priced into...