Analysis: Currencies

Yen eyes 5-week high as focus turns to US presidential debate, inflation

The yen hovered near a five-week peak and the dollar hung close to a three-week top versus the euro on Wednesday, as traders waited nervously for a key inflation report that could provide clues on how...

US inflation-adjusted income rose in 2023 while poverty rate edged up, Census data shows

U.S. inflation-adjusted household income increased but a measure of the poverty rate also edged up last year, the U.S. Census Bureau reported on Tuesday, offering a snapshot of how American households...

Bank of Canada says trade disruptions could hinder inflation fight

Global trade disruptions could make it harder for the Bank of Canada to consistently meet its 2% inflation target, and it will have to balance the risks of controlling higher prices with ensuring...

US small business sentiment ebbs in August amid rising uncertainty

U.S. small-business confidence fell in August, reversing the prior month's jump amid growing uncertainty ahead of the Nov. 5 presidential election and expectations of weak sales. The...

Fed's Barr to unveil Basel plan after industry pushback, regulatory delays

The Federal Reserve's regulatory chief on Tuesday will outline how officials plan to advance the Basel Endgame bank capital hikes after intense industry opposition delayed the project and sparked...

US election is just one risk among many for nervous stock market

Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S. economic uncertainty, shifting Federal Reserve policy and a...

Asia shares dragged by Wall St dive, bonds bullish

Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, while dragging bond yields and commodity prices lower as investors avoided risk assets for...

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

RIO DE JANEIRO -Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100 billion reais for the collapse of a...

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor market data...

Fed seen delivering upsized rate cut as US job growth cools

Traders see the Federal Reserve starting a round of interest rates cuts this month with an upsized 50 basis point reduction, after a government report showed the unemployment rate eased to 4.2% in...

Canada's unemployment rate at 6.6%, surges past seven year high outside of pandemic

Canada's unemployment rate edged up to 6.6% in August, scaling a peak last seen more than seven years ago outside of pandemic years of 2020 and 2021, data showed on Friday. The economy...

Payrolls, Williams and Waller - a big decider

A look at the day ahead in U.S. and global markets from Mike Dolan Friday looks set to play out like a concentrated version of what markets have been navigating all year - what's the...

X global affairs head Nick Pickles resigns

X's global affairs head Nick Pickles said on Thursday he is quitting after a decade with the social media company formerly called Twitter. Pickles, who joined the company in 2014, said...

Brazil posts lower-than-expected trade surplus in August

Brazil posted a trade surplus of $4.828 billion in August, government data showed on Thursday, down nearly 50% from a year earlier and below market estimates of a $6.1 billion surplus in a Reuters...

US calls on Big Tech to help evade online censors in Russia, Iran

The White House, aiming to persuade U.S. tech giants to offer more digital bandwidth for government-funded internet censorship evasion tools, held a meeting with representatives of Amazon.com,...

Nomura Asset Management CIO says further sharp yen gains unlikely

A recent surge in the yen means profit growth at Japanese companies may disappoint, while a further sharp appreciation in the currency is unlikely, said Nomura Asset Management's CIO. ...

US weekly jobless claims decline as layoffs remain low

The number of Americans filing new applications for jobless benefits declined last week as layoffs remained low, which could help to allay fears that the labor market was deteriorating. ...

US planned layoffs surge in August, recruitment firm Challenger says

U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly tally of...

Canadian dollar rally to resume in 2025 if global economy picks up

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive the global economy, spurring demand...