FOREX

Sterling gains ground to trade above $1.33, as Bank of England hints at economic stimulus in August.

Analysts warn pound rally could be short-lived as Bank of England could cut interest rates on Thursday.

Sterling rises above $1.31 and gains for the fourth consecutive day against the euro.

Bank of Israel's move comes in the wake of strengthening of the shekel against the US dollar.

Falling sugar prices and unfavourable forex rates caused the company to downgrade its profit guidance for 2016.

The yuan had jumped excessively on Friday by 0.62% even as data showed that manufacturing is still in decline.

On 31 August the yuan hit its lowest point since devaluation on 11 August.

Special drawing rights account for less than 3% of central bank reserve assets, economists say.

Tenge is trading down 21.57% at 252.60 per US dollar as at 10.20am GMT, after Kazakhstan freed currency.

Move comes as IMF awaits further reforms to China's currency policies.

State Bank of Vietnam has raised its reference rate by 1% to 21,890 dong per US dollar.

IMF praises China's recent steps allowing market forces to have greater role in determining exchange rate.

People's Bank of China's fresh devaluation by 1.1% raises fears of global currency war.

USD/CAD has broken through the 2009 high to its highest since 2004 on 24 July.

The central bank has dropped the phrase that the currency is 'overvalued' in its latest statement.

The National Bank of Hungary slashed the main rate by 15 basis points to 1.35%.

The currency has triggered a major bearish signal by breaking a channel support.

Declining global oil and dairy prices expected to weigh on Kiwi dollar.

Meanwhile, the rand is hovering near a 12-year low vs dollar.

British banks RBS, Barclays, Standard Chartered and HSBC have been named in investigation.

Morgan analysts, led by Serena Tang, opined that in the most optimistic scenario, the gush could exceed $1.2tn.

US Federal Reserve expected to hike interest rates this September, a negative for bullion prices.

IMF says appreciation over past year has normalised exchange rate of yuan.

The number of US rigs actively drilling for oil have now fallen for the 23rd week in a row.

Other major banks have paid billions of pounds to UK and US regulators over foreign currency manipulation.

Russia's ruble currency has increased in value around 18% since the turn of the year.

For gold to gain any strong momentum, prices have to break above resistance between $1,221 and $1,225 an ounce.

Weak US data to fuel speculation that US Fed will wait until September to hike rates, boosting gold's safe-haven status.

World Gold Council says US centric explanations about gold prices are risky for investors.