The Turkish lira hit a new record low against the dollar on Tuesday (September 29th), as investors assess the repercussions of conflict in the Caucasus and await a new medium-term economic program to be announced by Finance Minister Barat Albayrak. The lira hit a record low of 7.8450 against the …

Markets await the presidential debate in the United States between Trump and Biden, scheduled for Tuesday, September 29. The debate will occur on Tuesday night and Wednesday morning for European time, meaning we may not feel the market affected until later on Wednesday. FT’s polls indicate Biden is on track …

Japanese stocks closed at a seven-month high on Tuesday, September 29, tracking the impact of US stocks, which rose last night due to investors buying shares that plunged sharply with a sharp decline in the stock market last week, while all eyes turned to the presidential debate between Trump and …

Gold prices stabilized on Tuesday, September 29, with the dollar retreating from its highest level in two months, as investors look to the first US presidential debate and the developments of a new bill for coronavirus aid in the United States. There was little change in the yellow metal in …

People Bank of China fixed the Yuan Mid-Point against the US dollar At 6.8171 (est 6.8133). China’s central bank is also to inject 100 bln yuan via 14-day reverse repos. The fixing restricts the onshore yuan’s daily moves to 2% on either side of it

FX option expiries for Sept 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1600 512m USD/JPY: USD amounts 104.75 376m105.00 2.6bn105.10 375m105.30 685m105.32 444m105.35 404m NZD/USD: NZD amounts 0.6580 343mEUR/GBP: EUR amounts 0.9155 571m

The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs. “In the current environment of elevated uncertainty, the Governing Council will carefully assess all …

The Turkish lira fell to record levels against the dollar, the euro and the pound on Monday, September 28, in light of fears of increasing Turkey’s intervention in the rapidly escalating conflict in the Caucasus, despite the sudden interest rate hike last week in order to support the currency. The …

European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Quotes according to Reuters “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.”“Respect for …

The People’s Bank of China said it will maintain reasonably ample liquidity and direct funding costs down. The People’s Bank of China said in a statement after a meeting of its monetary policy committee that it would make this policy more flexible and targeted. He went on to say that …