Ukraine’s hryvnia plunged to an all- time low and the nation’s 2023 Eurobonds slid for a third day as a dispute over gas prices exacerbated the standoff with Russia amid continued unrest in the country’s east.
The pound extended its biggest weekly decline versus the dollar in four months as the Federal Reserve raised its interest-rate forecasts while Bank of England officials disagreed on the extent of slack in the U.K. economy.
The Australian dollar is poised to reverse its advance to a one-month high against the yen, trading patterns suggest, after the currency pair tracked a recovery in investor appetite for riskier assets.
Former Bankas Snoras AB owners Vladimir Antonov and Raimondas Baranauskas, who are fighting extradition to Lithuania to face fraud charges, aren’t part of a “grand conspiracy” that would deny them a fair trial, a lawyer for the country told a London court.
MEMC Electronic Materials Inc., a maker of silicon wafers for solar modules and semiconductors, reported a first-quarter profit that included a tax benefit. Sales declined by more than half as solar product prices and volumes fell.
Foreign-exchange strategists have ceased cutting forecasts for the euro as European government officials intensify efforts to end the region’s crisis and traders pare bets for a collapse in the currency.