Page 54 - Frx News Today

A look at the day ahead in European and global markets from Tom Westbrook

Indian foreign exchange traders are betting on a rise in dollar/rupee forward premiums as U.S. interest rates are expected to ease later this year, bankers and analysts said.

Pakistani Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.

Southeast Asian central bank governors and finance ministers are set to wrap up talks on Friday, after meeting in Bali this week for discussions often focused on how the region can remain resilient in the face of a spike in global risks.

Inflation in the euro zone dropped by the most on record in March but "core" price growth accelerated, which is likely to strengthen the case for more interest rate hikes by the European Central Bank.

As the dust settles on a surprise move by Switzerland to write down $17 billion of bonds under Credit Suisse's rescue, the market for debt designed as a shock absorber for banks faces a long haul to regain investor trust.

South Africa's rand held steady against the dollar early on Friday, trading at its strongest level in more than a month after the central bank delivered a higher than forecast rate hike the previous day.

Hungary's government aims to phase out price caps on basic food and mortgage rates gradually as inflation slows, Prime Minister Viktor Orban said on Friday, without giving an exact timeline.

China will beef up its regulatory oversight of the digital economy, as new technologies, especially new forms of finance, should not be blindly accepted and recognised, a deputy governor of the central bank said on Friday.

South African stocks slipped as the rand firmed on Friday, a day after the central bank hiked interest rates more than expected.