Page 36 - Frx News Today

Egypt's economy will grow 4.0% this fiscal year and 4.5% next even as it endures a continuing depreciation in its currency, a Reuters poll showed on Thursday, in line with a government forecast for the current year.

The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession.

Investors are positioning for a regime change in global markets as the Bank of Japan edges closer to ditching the policies that depressed the yen for decades, thereby luring Japanese money back home.

The Indian rupee will look to rise further versus the U.S. currency on Thursday, helped by dollar inflows, while contending with mixed Asian currencies.

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

China's yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar.

Argentina's three most recent presidents have bowed out of the October general election campaign, throwing the race wide open and the outcome in the balance, with the only sure candidate a far-right libertarian who wants to dismantle the central bank.

Argentina's central bank hiked its benchmark interest rate 10 percentage points to 91% on Thursday, as it tries to tame high inflation and steady the peso currency, which has tumbled in black market trading.

A look at the day ahead in U.S. and global markets from Mike Dolan

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