Analysis: Currencies

US economic growth, corporate profits revised higher in 2023

The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from the Federal Reserve, revised...

M&A seen slowing ahead of US elections after uneven third quarter

Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a...

Social media platform X set to request restoration of service in Brazil, sources say

Elon Musk's social media platform X will file documents requested by Brazil's Supreme Court and ask by this Monday that service be restored in the country, according to two people familiar with the...

Shadow of Abenomics clouds BOJ's rate hike path

Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan's ruling party leadership race may add pressure on the central bank to go slow on raising interest rates...

Bank of Canada says it's reasonable to expect more rate cuts

Given the continued progress the Bank of Canada has made in bringing inflation back down to the 2% target, it is reasonable to expect more rate cuts, Governor Tiff Macklem said on Tuesday. ...

US consumer confidence ebbs in September on labor market fears

U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. The Conference Board said on Tuesday its consumer confidence index...

US bond ETF launches up 50% from year-ago levels

Launches of bond-focused exchange traded funds have nearly doubled over year-ago levels in 2024, boosted by expectations of interest rate cuts by the Federal Reserve, according to data from CFRA and...

Currencies: Counter-intuitive

Like the initial reaction to the first US rate cut, anticipating medium-term market reactions is not always easy. Even after years of dissecting stocks and reactions, the field of discoveries is vast...

Fed adrenaline keeps pumping, PBOC inertia may drag

A look at the day ahead in Asian markets. The adrenaline from the Federal Reserve's bold interest rate cut and signal of intent to keep easing still appears to be coursing through global...

Court gives 5 days for X to validate its Brazil legal representative

The Brazilian Supreme Court gave Elon Musk-owned social platform X five days to present documents validating its new legal representative in the country, a court decision showed on Saturday. ...

X names Brazil legal representative, its lawyers say

Elon Musk-owned social media platform X has named a legal representative in Brazil, the firm's lawyers said on Friday, in a move that would address one of the demands imposed by Brazil's top court to...

Tech giants push to dilute Europe's AI Act

The world's biggest technology companies have embarked on a final push to persuade the European Union to take a light-touch approach to regulating artificial intelligence as they seek to fend off the...

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports

Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC daily reported on...

BOJ tankan expected to show big manufacturers' mood steady

Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on Friday, reflecting...

Central bank baton passes to Japan, China

A look at the day ahead in Asian markets. A bumper week of central bank meetings that included the U.S. Federal Reserve on Wednesday and the Bank of England on Thursday rounds off on...

BOJ to keep policy steady, signal more rate hikes to come

The Bank of Japan is set to keep monetary policy steady on Friday, but signal its confidence that solid wage growth and consumption will allow the central bank to raise interest rates again in coming...

Bank of Canada: consensus decisions don't mean all members agree on path for rates

Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy governor Nicolas Vincent...

Bullish bets steady on Asian currencies as Fed easing bets soften dollar

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve enhanced...

China to ramp up policy steps to revive economy but no 'bazooka' stimulus seen

Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on...