Analysis: Currencies

Jobs data set to pave way for rates path, stocks

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates...

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. ...

US pending home sales rise for third straight month, NAR says

Contracts to buy U.S. previously owned homes rose unexpectedly in October, notching a third straight month of increases, despite high mortgage rates and as inventory of properties for sale continued...

U.S. housing affordability to worsen even as price rises slow

Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts, even as average home price rises slow,...

Some Fed policymakers open to lowering the overnight repo rate

Some Federal Reserve policymakers believe it may soon be time to lower the rate on funds that banks and money market funds park at the Fed, minutes from the Fed's most recent meeting indicated, so...

Bank of Canada says inflation will fade into background as it settles at 2%

The Bank of Canada on Tuesday said inflation, which has been the center of attention and unhappiness for years amid rising prices, should fade into the background again as the annual rate settled back...

Dollar rebounds on Trump tariff warning; stocks point lower

The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were...

Currencies: Is the dollar calming down?

The appointment of Scott Bessent as head of the US Treasury could well be the catalyst to calm the dollar's ardor. Technically, the dollar is trying to make a break for it, but if you followed last...

Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity...

Brazil freezes spending at $3.33 billion to comply with fiscal rules

Brazil's government tightened spending controls late on Friday, freezing expenditure at 19.3 billion reais to comply with this year's fiscal rules. The figure exceeds the 13.3 billion...

Fed announces policy framework review, sets conference for May 15-16

The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public Fed Listens events around the country as part of a review of its long-run strategy and approach to...

Euro/dollar stares at parity, Bitcoin eyes $100k

A look at the day ahead in U.S. and global markets from Mike Dolan Darkening skies over Europe's economy, trade and politics sent the euro plummeting to its lowest in two years - just 3%...

Global equity funds' weekly inflows slow on geopolitical tensions

Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the U.S. interest rate policy outlook for...

Trump considers Warsh serving as Treasury Secretary and then Fed chair, WSJ reports

U.S. President-elect Donald Trump is considering picking Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell's...

Gold surges and euro sags as broader war risks rise

Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic...

US 30-year fixed-rate mortgage approaches 7%

U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term. The...

US weekly jobless claims unexpectedly fall

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid...

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise as soon as next month. ...

Currencies: Targets in sight

Is the Trump effect starting to seize up? With US small-caps retreating, gold back on support and the dollar approaching resistance levels, it may be time to take stock. Here's a review of the forces...