Currencies

US households' personal finance worries grew in November, New York Fed says

U.S. households grew more downbeat on their current and future financial situations in November, even as their expectations for the future trajectory of inflation held steady, a New York Federal...

US regulators relax leveraged-lending guidance for banks

The U.S. Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation said on Friday they are withdrawing their guidance on leveraged lending issued more than a decade ago,...

US consumer spending slows in September as high prices curb demand

U.S. consumer spending increased moderately in September after three straight months of solid gains, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor...

Canada's unemployment rate shrinks to lowest in 16 months as part-time jobs increase

Canada's unemployment rate once again defied expectations and fell to a 16-month low in November as a solid gain in part-time jobs boosted the number of people employed for the third time in a row,...

Bank of Canada done cutting rates at least until 2027; house prices to rebound soon: Reuters Poll

The Bank of Canada will hold its overnight rate on December 10, according to all economists polled by Reuters, a majority of whom predicted steady rates at least until 2027. With...

BOJ expected to choose 'constructive ambiguity' on future rate hikes

Investors seeking clarity from the Bank of Japan on how much higher interest rates could go could be disappointed, former central bank officials say, as clear-cut estimates on neutral interest rates...

Dollar hovers near five-week low on Fed rate cut bets

The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors braced for a Federal Reserve rate cut next week. The greenback was particularly...

Japan October household spending falls at fastest pace in nearly 2 years 

Japanese household spending unexpectedly slumped at the fastest pace in nearly two years in October, government data showed Friday, raising concerns about the economic outlook as the Bank of Japan...

US weekly jobless claims dive to a more than three-year low

The number of Americans filing new applications for unemployment benefits fell to a more than three-year low last week, allaying fears of a sharp deterioration in labor market conditions after...

Canadian dollar forecasts turn less bullish as trade deal remains elusive- Reuters Poll

The Canadian dollar will strengthen less than previously expected over the coming year if the time it takes for Canada to reach a trade deal with the U.S. raises prospects of additional Bank of Canada...

Russia blocks Apple's FaceTime in mounting push against foreign tech platforms

Russia has blocked Apple's video-calling app FaceTime, the state communications watchdog said on Thursday, as part of an accelerating clampdown on foreign tech platforms that authorities allege are...

Brazil judge orders government to add JBS subsidiary to 'dirty list' for slavery

A federal labor judge in Brazil ordered the government to add a poultry unit of meatpacker JBS to a so-called dirty list of employers responsible for subjecting workers to slavery-like conditions,...

US import prices unexpectedly flat in September

U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products. The flat reading in import...

Fed data suggests central bank has stopped losing money

The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19...

Toronto home sales hit five-month low in November

Greater Toronto Area home sales fell to a five-month low in November and prices declined as an uncertain economic outlook kept homebuyers on the sidelines, Toronto Regional Real Estate Board data...

DAX Expected to Open Higher - Focus on Ukraine and ECB Policy

The DAX is set to open Wednesday's trading session with gains, according to developments in the futures markets. On Tuesday, Germany's leading index closed half a percent higher at 23,710.86 points....

Wall St opens higher as markets mull Fed's next step

U.S. stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this...

Tariffs, AI boom could test global growth's resilience, OECD says

Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U.S. tariff hikes, the OECD said on Tuesday, nudging up its outlook...

US manufacturing stuck in doldrums as tariff headwinds persist

U.S. manufacturing contracted for the ninth straight month in November, with factories facing slumping orders and higher prices for inputs as the drag from import tariffs persisted. The...