It accused some media of publishing "inaccurate information" on the yuan foreign exchange rate.
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NIGERIA'S CENTRAL BANK GOVERNOR SAYS WILL CONTINUE TO OPERATE A MANAGED FLOAT FOREIGN EXCHANGE RATE
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These factors should more than offset a soft CRM market and foreign exchange rate headwinds.
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Amazon said it took a hit of about $1.2 billion from foreign exchange rate changes.
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He said he believed the G20 would keep established language rejecting foreign exchange rate manipulation.
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Kenya is enjoying a stable foreign exchange rate, low inflation and a reduced current account deficit.
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When is a historically weak foreign exchange rate not a major concern for the world at large?
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Kenya is enjoying a stable foreign exchange rate, low inflation and its current account deficit has fallen.
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Jarvis added that Egypt's foreign exchange rate was more depreciated than the fund expected given the fundamentals.
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This, coupled with foreign exchange rate risks, could have a negative impact on the profitability of Kazakh companies.
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Unfavorable foreign exchange rate movements will likely continue to hamper reported top-line growth in the near term.
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Several of the same chatroom names were identified in an investigation into foreign exchange rate rigging by U.S. regulators.
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"But any foreign exchange rate mechanism without a free float cannot fundamentally reach a market clearing (price)," he wrote.
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In a written reply to Reuters questions, the bank said it was sticking to its floating foreign exchange rate.
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For the first quarter, general operating expenses fell 5 percent from the prior-year period, excluding foreign exchange rate changes.
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The central bank said it would pursue a flexible foreign exchange rate "in accordance with domestic and international market conditions".
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The joint statement made no mention Nigeria's foreign exchange rate, which the United States complains is too rigid and discourages investors.
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In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky called out a negative, and unexpected, foreign exchange rate impact.
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Foreign exchange rate differentials may also come into play if the gap between onshore and offshore yuan values widens again, Pang said.
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The sector's opening up will proceed in coordination with reforms in China's foreign exchange rate mechanism and capital account convertibility, he said.
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"While efforts to collapse our economy through the foreign exchange rate continue, we have control now," Erdogan told Turkish businesspeople in Istanbul.
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Foreign exchange rate fluctuations and asset price changes contributed to the decline in reserves, China's foreign exchange regulator said in a statement.
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Patrick Njoroge said the foreign exchange rate reflected the shilling's true value and the central bank does not seek to control it.
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Omnicom reported a 2.4 percent rise in total organic revenue - a keenly watched measure that excludes foreign exchange rate changes and mergers.
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Like many US-based global companies, Adobe is making pricing adjustments in a number of countries to offset fluctuations in foreign exchange rate.
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"This implies a very tough tightening of monetary policy and it should be successful in keeping the foreign exchange rate under control," Zelpo said.
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Madison Avenue-based Omnicom reported a 23.86 percent rise in organic revenue - a closely watched measure that excludes foreign exchange rate changes and mergers.
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Traders said the change would make the yuan midpoint more "reasonable", but believed its impact on the foreign exchange rate would be very limited.
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The NAFEX or Nigerian Autonomous Foreign Exchange Rate Fixing is set around noon and serves as a benchmark for derivatives such as forwards and futures.
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The German finance minister said he did not expect the meetings in Washington to discuss foreign exchange rate manipulation, or Germany's large current account surplus.
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But the economy retains stable macroeconomic fundamentals like slow inflation and a stable foreign exchange rate, leading Apollo to believe seizures will ease next year.
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China will also look to preserve and increase the value of its foreign exchange reserves as it improves its foreign exchange rate system, SAFE said.
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Using a variety of foreign exchange rate and interest rate scenarios, the central bank outlined the potential paths for inflation in the coming few years.
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These are the monetary policies that keep currencies at a low foreign exchange rate in order to make exports more attractive, particularly to the United States.
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Total sales, which include the effects of foreign exchange rate fluctuations, reached 5.306 billion euros ($6.01 billion), a decline of 3 percent on a reported basis.
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Here's a look back at how India performed during his tenure on four key metrics: inflation, current account deficit, foreign exchange rate and the stock market.
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The world's biggest liquid crystal display (LDC) maker said the profit was caused by the upward trend of panel prices and a favorable foreign exchange rate.
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The company said the investigation is around certain intra-company transactions, which used a foreign exchange rate that was not in accordance with generally accepted accounting principles.
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She said markets would watch for signs of a more relaxed foreign exchange rate regime after the government floated a reform plan calling for "market-determined" rates.
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The offshore yuan market is facing headwinds as the volatile foreign exchange rate and China's sluggish economy dampened foreign investors' interest in using or holding the currency.
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Organic revenue — a closely-watched industry measure that removes the effect of foreign exchange rate swings and income from acquisitions — rose 279 percent in the Oct-Dec quarter.
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"The foreign exchange rate and expectations for U.S. economic growth are serving as a tailwind for Japanese equities," said Hikaru Sato, a senior technical analyst at Daiwa Securities.
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Overall, Omnicom reported a 2.9 percent rise in organic revenue - a closely-watched measure in the ad industry that excludes foreign exchange rate changes and income from acquisitions.
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Sales adjusted for foreign exchange rate effects may rise between 4 and 5 percent, compared with 3.4 percent growth last year, the company said in a statement on Wednesday.
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"China will not undertake radical reforms in foreign exchange rate polices, if that's what the U.S. would press for," said Sun Lijian, an economist at Fudan University in Shanghai.
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Later on Thursday, China's central bank criticised the media, saying some continuously publish "inaccurate information" on the yuan foreign exchange rate, which help some "speculative forces" short the yuan.
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Carstens said in Tuesday's edition of paper El Financiero the central bank did not have a foreign exchange rate target in mind when it raised interest rates last week.
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Diokno declined to give a year-end forecast for the peso, saying its movement would depend on the dollar's behaviour and the market would determine the foreign exchange rate.
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A reluctance by Nigerian authorities to apply a more flexible foreign exchange rate policy and other macroeconomic reforms to stimulate foreign investment has hampered talks to secure loans abroad.
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"I have told you about the 285 conversion as the foreign exchange rate, the only component that was changed on the (petrol price) template," he told a briefing in Lagos.
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"We have at the moment in the euro zone of course a problem with the value of the euro," Merkel said in an unusual foray into foreign exchange rate policy.
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The U.S Treasury Department is set to release a semiannual report on foreign exchange rate practices and recent media reports suggest that Beijing has not been labeled a currency manipulator.
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"ASEAN currencies tend to move (in line) together, and so we are not subject to foreign exchange rate volatility of major currencies," BOT Governor Veerathai Santiprabhob told Reuters late Monday.
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Traders often try to influence a foreign exchange rate calculated by the central bank in the last session of the month, which is used to settle futures contracts, boosting volatility.
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With stiffer competition for funds globally, the U.S. "will have to offer higher rates or a cheaper FX (foreign exchange) rate" to get the money it needs, the bank said.
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"When we look at the developments in imports and exports as well as balancing in the current-account deficit, the foreign exchange rate looks competitive," Albayrak said in the interview.
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BEIJING (Reuters) - China's central bank criticized the media on Thursday, saying some media continuously publish "inaccurate information" on the yuan foreign exchange rate, which help some "speculative forces" short the yuan.
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BANGKOK (Reuters) - Thailand said on Thursday the U.S. trade deficit with it was "not significant" and it had not conducted any foreign exchange rate policies to gain an unfair trade advantage.
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Perez said the improved China deal, as well as a steep cut to imports and a new, weaker foreign exchange rate, would help Venezuela crawl out of a "very complicated" semester.
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"When we look at the developments in imports and exports as well as balancing in the current-account deficit, the foreign exchange rate looks competitive," Albayrak told Nikkei in an interview.
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The committee had adjusted the projected foreign exchange rate to 18.62 per dollar from a prior estimate of 18.20, and raised the revenue estimate by some 51.4 billion pesos ($2.77 billion).
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"Agreeing to a deal that constrains the BOJ policy or foreign-exchange rate could be seen as a major concession on Japan's sovereignty for the benefit of the U.S.," the note said.
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Five of the banks involved in the 2008 Libor scandal were subsequently charged and then pled guilty to forms of foreign exchange rate rigging leading to more than $5.6 billion in fines.
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Huang Yiping, a member of the central bank's monetary policy committee, told a forum in Beijing that an inflexible foreign exchange rate would limit the opening of the economy and yuan internationalization.
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"Consumer prices during November were strongly impacted by the economic reform measures related to the foreign exchange rate market liberalisation as well as the hydrocarbon subsidies adjustment," the MPC said in a statement.
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WASHINGTON (Reuters) - The United States said on Monday it would press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in Africa's largest economy.
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Worries about China's foreign exchange rate policy flared again in early January when the central bank suddenly allowed the yuan to slide sharply, raising fears it could set off a global currency war.
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That said, deal activity may ultimately bubble to the surface in Britain as the current foreign exchange rate favors inbound takeovers, and a desire to diversify outside the region could encourage outbound acquisitions.
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A steady increase in demand for the greenback, the global funding currency of choice, has raised the cost for Japanese holders of Treasuries looking for protection against foreign exchange rate fluctuations through currency hedging.
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All eight respondents who answered a separate question on the risks to Mexico's foreign exchange rate said it was tilted toward further weakness, consolidating a view that appeared in April and has remained since then.
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On Wednesday, a central bank advisor said China should urgently reform its foreign exchange rate system or risk impeding the economy and plans for the yuan to play a larger role on the global stage.
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In his speech, Xi said China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, letting the market play a decisive role in the allocation of resources.
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Despite concerns from some officials about the yuan's depreciation, U.S. Treasury staff have not recommended labeling China as a currency manipulator in a coming report on foreign exchange rate practices, according to media reports on Thursday.
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ANKARA, Jan 12 (Reuters) - President Tayyip Erdogan said on Thursday the Turkish central bank and other banks must thwart games played with the foreign exchange rate, which is being used against the country like a weapon.
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The firm's head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate, free capital movement and an independent monetary policy.
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Concerns over China's foreign exchange rate policy flared up last year following a surprise devaluation of the yuan in August and a sharp slide in the yuan this year in January, fanning fears of an economic slowdown.
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BEIJING (Reuters) - China should urgently reform its foreign exchange rate system or risk impeding the economy and plans for the yuan to play a larger role on the global stage, a central bank adviser said on Wednesday.
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RIO DE JANEIRO, Oct 29 (Reuters) - Brazilian President-elect Jair Bolsonaro will not set a target for the foreign exchange rate but will seek to make it more predictable, his proposed chief of staff said on Monday.
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But the cost of protecting dollar-denominated debt - their main foreign bond investments - against foreign exchange rate fluctuations has increased along with rising U.S. yields and strong funding demand for the greenback, nudging investors away from Treasuries.
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MEXICO CITY, March 12 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Thursday the market should determine the foreign exchange rate of the peso currency and that he did not favor "artificial" interventions in the market.
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ISTANBUL (Reuters) - The Turkish economy is not in a crisis or going bankrupt and the fluctuations in the foreign exchange rate are the 'missiles' of an economic war waged against Turkey, President Tayyip Erdogan said on Saturday.
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"The central bank is intervening, basically trying to get to the election with a mixture of not losing too much in reserves while maintaining a foreign exchange rate that is not too restless," said local economist Martin Kalos.
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Nigerian dollar/naira non-deliverable forwards (NDFs) gained across the curve - indicating mounting pressure for a devaluation - after the central bank said on Tuesday it would adopt a flexible foreign exchange rate regime in a policy U-turn .
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"The industry continues to experience difficult macro-economic conditions arising from the slowing Australian economy, low refining margins and high crude prices combined with a low FX (foreign exchange) rate," said Julian Segal, managing director and chief executive.
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The bad news is that, as Sony explains, "during the current quarter, there was a 4.4 billion yen positive impact from foreign exchange rate fluctuations," meaning that the mobile group's downsizing was only partially responsible for its improved fortunes.
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A possible widening of the yuan's trading band after the party congress has been widely discussed in the market this week, following central bank governor Zhou Xiaochuan's comment about continuing to reform the central bank's foreign exchange rate mechanisms.
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Third, the government and the central bank must put in place sound macroeconomic policy to unify the several foreign exchange rate systems into one, allowing the flow of foreign currency to reach what is left of the private sector.
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The deal, which is subject to regulatory approval, is expected to close in the third quarter at the latest, at which point a negative foreign exchange rate effect of around 1.1 billion euros will hit OMV's net profit, the company said.
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Interpublic said organic revenue - a closely watched measure in the ad industry that excludes foreign exchange rate changes and income from acquisitions - rose 6.4 percent in the first quarter, beating analysts' expectations of a 3.8 percent rise, according to research firm FactSet.
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The central bank, which declined to comment, is due to announce its decision on interest rates at 1330 GMT with markets watching for signs of a more relaxed foreign exchange rate regime after the government this month called for "market-determined" rate.
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"It is possible to say that the inflation data is driven by the impact of foreign exchange rate, is temporary and that we will see the reflections of the measures taken from second quarter onwards," he said after the data was released.
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NEW DELHI, July 26 (Reuters) - Maruti Suzuki, India's top-selling car maker, posted on Tuesday a 23 percent rise in first-quarter net profit, beating estimates, as higher sales on new model launches offset the adverse impact of an unfavourable foreign exchange rate.
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Select Market Headwinds: Abbott faces a few challenges in select geographic markets, including restrictive reimbursement rates for diabetic supplies and infant nutritionals in the U.S. Unfavorable foreign exchange rate movements and economic stress in Venezuela will likely hamper reported top-line growth.
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Still, China doesn't want its currency to drop too far too quickly, and it is trying to move to more of a free-floating foreign exchange rate, but, at least in the short-term, it's happy to let a falling yuan counteract tariffs.
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"While it is true that Japan has not directly intervened in the foreign exchange rate market, Japanese government officials clearly prefer weaker yen, say so explicitly from time to time and they have taken measures they know would influence the yen to weaken," he said.
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China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, and let the market play a decisive role in the allocation of resources, Xi said at the opening of a key, twice-a-decade Communist Party Congress.
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Venezuela's government fixes a kilo of rice at some 120 bolivars, but on the local black market the coveted product now fetches approximately 2,000 bolivars - just $2 at the unofficial foreign exchange rate but around one-fifth of a monthly minimum wage, factoring in monthly food tickets.
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BEIJING, Jan 15 (Reuters) - China is confident it can keep its foreign exchange rate stable despite cuts in banks' reserve requirement ratio (RRR), a vice head of the central bank said on Tuesday, as officials signalled more stimulus measures are on the way for the slowing economy.
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Having previously backed the authorities to ride out the storm and maintain its foreign exchange rate at current levels in the immediate future, NKC analysts now believe that the naira's prospects have "deteriorated markedly" and remains set for a "sharp fall" this year if current conditions persist.
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"The policy will allow the foreign exchange rate to be (more) flexible ... in accordance with the demand and supply of foreign currency within Vietnam and changes in the global markets while still maintaining the State Bank of Vietnam's (SBV) management role," SBV said in a statement on its website.
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But plans for lenders like the World Bank and African Development Bank to loan at least $2 billion to Nigeria have been stalled for over a year as international organizations' frustrations mounted at the country's refusal to impose key fiscal reforms such as allowing its foreign exchange rate to float freely.
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After the official exchange rate was devalued in 2016, foreign exchange reserves were approaching $25 billion, and the move failed to stop the slide of the parallel market exchange rate, which meant the Central Bank of Nigeria (CBN) was forced to act again the following year when the Nafex (Nigerian Autonomous Foreign Exchange Rate) was implemented.
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