Analysis: Currencies

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...

Canada's TSX seen higher as rate cuts preserve bull market outlook

Canada's main stock index is set to extend its record-setting rally in the coming months and through 2025 as lower borrowing costs offset the potential drag on corporate earnings from slower economic...

Indonesian rupiah, South Korean won lead Asian FX higher

The following table shows rates for Asian currencies against the dollar at 0210 GMT. Currency Latest Previou Pct bid s day Move Japan 146.620 146.57 -0.03 ...

Currencies: Dollar limps along, European currencies rally

Over the past week, the dollar has weakened significantly, benefiting not only commodity currencies but also the main European currencies, led by the euro and sterling.

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

Fed's pandemic-era vow to prioritize employment may soon be tested

Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness,...

MORNING BID AMERICAS-Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the...

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...