Analysis: Currencies

Canada to reduce number of temporary foreign workers

Canada is reducing by tens of thousands the number of temporary foreign workers it brings in, reversing some expansions to the program it made in 2022 as the government struggles to bring down numbers...

US core capital goods orders dip in July

New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that...

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the soft landing narrative that has helped drive...

Analysis-BOJ shows how action matters more than hawkish signs

For academics and policymakers gathered at the U.S. Federal Reserve's annual Jackson Hole economic conference to debate how central banks can affect market perceptions on the course of monetary...

Brazil's Campos Neto says markets perceiving less monetary intervention

Brazil's central bank chief Roberto Campos Neto said on Saturday that recent volatility may be showing the market is pricing in less room for fiscal and monetary intervention in the future. ...

Fed mortgage bond holdings play 'central' policy rule, paper says

Federal Reserve holdings of mortgage bonds play a central role in how monetary policy affects the economy's momentum, academics wrote in a paper to be presented at a central bank research conference...

Analysis-Powell's Fed not shy about election-year cuts, ready to defend job market

Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in the final weeks of a presidential election campaign and that...

US job market may be near tipping point, research shows

As inflation fell fast in 2023 and continued to slow this year, Federal Reserve officials were cheered that the steam seemed to come out of the U.S. economy not through rising unemployment but rather...

Key quotes from Powell's speech at Fed's Jackson Hole conference

Here are key quotes from Federal Reserve Chair Jerome Powell's speech on Friday to the Kansas City Fed's annual economic conference in Jackson Hole, Wyoming: POLICY: The time has come...

US adds 123 entities to entity list, including 63 in Russia and 42 in China, Federal Register says

The United States is adding 123 entities to its U.S. export control list known as the 'Entity List,' including 63 in Russia and 42 in China, according to a notice published in the Federal Register on...

US equity funds draw large inflows on rate cut bets, easing growth concerns

U.S. equity funds attracted significant inflows in the seven days to Aug. 21, bolstered by bets of a Federal Reserve rate cut in September and easing worries about a potential downturn in economic...

With Fed pivot in hand, Powell may opt for broad-brush approach at Jackson Hole

U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday...

Dollar steady ahead of Powell speech; Ueda aims to calm market nerves

The U.S. dollar was calm on Friday as traders braced for comments from Federal Reserve Chair Jerome Powell, while Bank of Japan Governor Kazuo Ueda aimed to soothe lingering market nerves after a...

Canada's rail shutdown could hit GDP hard, kill jobs if protracted

Canada's economy could shrink by billions of dollars this year if a rail stoppage that began on Thursday continues for weeks, and the knock-on effects would swell jobless numbers and consumer prices,...

US existing home sales rise more than expected in July

U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could rebound in the...

Morning Bid: King dollar's crown is slipping

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar. ...

Fed minutes to show depth of debate over a July rate cut

While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at last month's policy...

Analysis-Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a...

Canada inflation cools to 40-month low of 2.5% in July

Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of Canada on track to...