Analysis: Currencies

Brazil leather price slumps, challenging $1.25 billion export industry

Brazilian leather prices have fallen sharply over the last decade or so, threatening jobs and weakening the national industry against global competitors, according to data compiled by Durli Leathers,...

Global equity funds see a surge in weekly outflows

Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve...

Central bank bonanza

Check out what ROI Editor-in-Charge Anna Szymanski and the rest of the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning...

Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central...

US weekly jobless claims reverse prior surge, labor market still softening

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump, but the labor market has softened as both the demand for and supply of...

BOJ may raise rates in October even if Takaichi wins leadership race, says ex-central bank official

TOKYO -The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling party's leadership race and becomes the next premier,...

Fed's Powell explains how central bank moderate rates mandate works

Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions. Powell, speaking at a...

Fed lowers interest rates, signals more cuts ahead; Miran dissents

The Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday for the first time since December and indicated more cuts would follow to halt any slide in a labor...

US single-family housing starts near 2-1/2-year lows as inventory bloat weighs

U.S. single-family homebuilding plunged to a near 2-1/2-year low in August amid a glut of unsold new houses, suggesting the housing market could remain an economic headwind this quarter.   ...

Bank of Canada cuts benchmark interest rate by 25 basis points

TORONTO -The Bank of Canada on Wednesday lowered its benchmark interest rate by 25 basis points to 2.5%, its first cut in six months. MARKET REACTION: [CAD/] LINK:  ...

Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise

The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, and said it would be ready to cut again if risks to the economy increased in...

FULL TEXT- Bank of Canada cuts rates to 2.50%

The Bank of Canada released the following statement on Wednesday: The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at...

FULL TEXT-Bank of Canada head says rate cut designed to help balance risks to economy

The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: Good morning. I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss...

US single-family housing starts, building permits drop in August

WASHINGTON -U.S. single-family homebuilding and permits for future construction dropped in August amid a glut of unsold new houses and a softening labor market, shrugging off falling mortgage rates....

EU Commission proposes suspending free-trade arrangements on Israeli goods

The European Commission on Wednesday proposed suspending a trade arrangement affecting about 5.8 billion euros of Israeli exports due to the Gaza war, although the measure does not currently have...

US 30-year mortgage rate drops, refinances jump, MBA data shows

The interest rate on the most popular U.S. home loan dropped last week to its lowest in a year, sending homeowners racing to lock in cheaper borrowing costs as slowing jobs growth and expectations...

Bank of Canada cuts rates to three-year low, cites risks to economy

The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, citing a weak jobs market and less concern about underlying pressures on...

PIMCO recommends Fed halt mortgage unwind to boost housing market

U.S. bond firm PIMCO said on Tuesday the Federal Reserve should consider a halt to the shrinking of its mortgage holdings in order to boost the U.S. housing market. Since 2022 when it...

US import prices increase in August on capital, consumer goods

WASHINGTON -U.S. import prices unexpectedly rose in August, boosted by strong increases in the costs of capital and consumer goods, suggesting domestic inflation was poised to accelerate in the...