Analysis: Currencies

BOJ to keep rates steady as politics muddles outlook

The Bank of Japan is expected to maintain ultra-low interest rates on Thursday and signal a cautious approach to rolling back its massive monetary stimulus, as political uncertainty and jittery...

Bank of Canada governor says business sentiment will pick up over next year

Bank of Canada Governor Tiff Macklem said on Wednesday that business sentiment in the country will pick up over the next year. Macklem made the comments during his testimony to the...

US 30-year mortgage rate surges to 6.73%, highest since July

The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to further...

In the Market: How Harris, Trump promises could feed market's addiction to the Fed

The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as U.S. presidential candidates...

US economy seen shining on election eve amid robust consumer spending

The U.S. economy likely maintained a solid pace of growth in the third quarter as subsiding inflation and strong wage gains powered consumer spending ahead of a contentious presidential election set...

Bank of Canada says it will cut rates further if economy meets forecasts

The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy evolves broadly in line with forecasts, Governor Tiff Macklem said on...

More companies planning price hikes in Germany, survey finds

Companies in Germany's industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank's 2% target, according to a...

Yen mired in political uncertainty; dollar looks to key data releases

The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and...

Currency Crossroads: EUR/USD tests support amid market tensions

I can read here and there that the markets are at their wits' end in the face of so much uncertainty: this week's quarterly results from US heavyweights will be marked by Friday's employment report,...

Fed faces hefty data, political calendar before next policy meeting

The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers' row of events to shape their move - everything from key employment...

Event risks galore this week

A look at the day ahead in European and global markets from Vidya Ranganathan A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate...

BOJ on quest for better communication as more rate hikes loom

Aside from the mixed policy signals dropped during his trip to the International Monetary Fund and World Bank meetings in Washington, Bank of Japan Governor Kazuo Ueda offered a glimpse of how the...

Canada's new immigration target may impact economic growth, BoC governor says

Canada's new immigration reduction targets announced this week will likely have a bigger impact on the Bank of Canada's growth forecast than on the inflation trajectory, Bank of Canada Governor Tiff...

Markets gear up for two wild weeks of elections and rate moves

Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States and Japan elect leaders, three major central banks decide on...

Markets enter the eye of risk-event storm

A look at the day ahead in European and global markets from Kevin Buckland Yields are mercifully lower as the week draws to a close, removing some of the angst that has weighed on...

Brazil to partly address fiscal concerns soon, central bank chief says

Brazil's government will make announcements soon that will partly address financial markets' fiscal concerns that are affecting the country's risk premium, central bank chief Roberto Campos Neto said...

US 30-year fixed-rate mortgage rises to 6.54%

U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates. ...

Bank of Canada may need another big rate cut to adjust for slow growth, economists say

The Bank of Canada's annual economic growth forecast is overly optimistic, economists said, and another large interest rate cut this year will likely be required to boost growth. ...

Dubai and Abu Dhabi race to lure world's wealth managers

Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping cement United Arab Emirates' role as an alternative to global financial...