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Why the yen is a barometer of how much the equity downturn infects currencies Currency traders are watching the Japanese yen closely, to gauge whether the turmoil that rattled equities markets of late may spill over into other foreign-exchange markets. So far, currencies have registered a muted reaction to the selloff in global equities this month, with U.S. stock benchmarks posting ...
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Tyre maker Michelin posts higher 2017 profits, warns of currency hit PARIS (Reuters) - French tyre maker Michelin (MICP.PA) reported higher profits for 2017 while warning of a likely hit from foreign exchange movements. The logo of French tyre maker Michelin is seen on tyre at the Mondial de l'Automobile, Paris auto show, during media day in Paris France, September ...
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Dollar edges lower as traders assess stock-market bounce "It's been a very quiet start to the trading week in the currency market as majors consolidated near Friday levels for most of Asian and early European trade," wrote Boris Schlossberg, managing director of FX strategy at BK Asset Management. "It appears the worst of risk aversion flows have passed and ...
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Abu Dhabi financial regulator may create framework for virtual currencies The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop. The Financial Services Regulatory Authority (FSRA) is ...
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