 | | | | The dollar roared to a two-year high on Tuesday and the euro hit its weakest since March 2020 as concerns about the economic impact of China's COVID-19 lockdowns and rising expectations for a big U.S. interest rate hike next week boosted the greenback. | | | | | | Lael Brainard, one of President Joe Biden's four nominees to the Federal Reserve, is poised to become the U.S. central bank's next vice chair after she cleared a procedural hurdle in the U.S. Senate Monday evening with bipartisan support. | | | | | | The U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will tell congress on Tuesday that the agency will propose in a "timely fashion" a measure on open banking and small business lending data, according to testimony published on a Congressional website. | | | | | | The Canadian dollar will remain at the center of the country's financial system, the central bank chief said on Monday, responding to questions about a Conservative leadership candidate's pledge to make the country the blockchain capital of the world. | | | | | | The U.S. dollar scaled two-year peaks, as a wave of risk aversion hit global markets, while the Chinese yuan posted its largest three-day losing streak in nearly four years on growing worries of an economic slowdown in the world's second-largest economy. | | | | | | Sterling fell on Monday to its lowest level since September 2020 against a strengthening dollar, while money markets scaled back their bets on future monetary policy tightening by the Bank of England (BoE). | | | | | | Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported. | | | | | | As the world's dominant creditor, China must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this year's leader of the Group of 20 finance officials told Reuters. | | | | | | Indonesian Finance Minister Sri Mulyani Indrawati on Friday joined a growing chorus of officials calling for reforms aimed at better equipping the World Bank to address mounting global challenges such as climate change and the changing nature of its clients. | | | | | | Cleveland Federal Reserve Bank President Loretta Mester on Friday pushed back against market expectations that the Fed will use outsized hikes to help bring down inflation, saying she prefers a more "methodical" approach. | | | | | |
