Page 25 - Frx News Today

The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved.

A look at the day ahead in European and global markets from Vidya Ranganathan

The pound fell on Tuesday, after data showed a rise in the UK unemployment rate, which could take some of the pressure off the Bank of England to raise interest rates and, in theory, boosts sterling's appeal to overseas investors.

China's yuan faces significant long-term obstacles to becoming a global reserve currency of any great import, but the biggest challenge in the near term is the fact that nobody wants to buy Chinese bonds.

The International Monetary Fund on Tuesday said it "strongly supports" Brazil's efforts to improve the country's fiscal position, while also commending the country's "ambitious agenda" to have a sustainable, inclusive, and green economy.

A look at the day ahead in European and global markets from Kevin Buckland.

Turkey's lira held near a two-month low, its sovereign dollar bonds tumbled and the cost of insuring exposure to the country's debt spiked as the presidential election appeared headed for a runoff with incumbent president Tayyip Erdogan in the lead.

A look at the day ahead in Asian markets from Jamie McGeever.

Kemal Kilicdaroglu, main challenger of Turkish President Tayyip Erdogan, wore a bulletproof vest at an election rally on Friday, two days before a presidential election and in response to what a party source said was intelligence that he could be attacked.

A look at the day ahead in Asian markets from Jamie McGeever.