Analysis: Currencies

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...

Hurricane Beryl likely had minor impact on US labor market in July

Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S. job growth last month. ...

Hopes for revival of Brazil's IPO market evaporate

Concerns about Brazil's fiscal health and high interest rates have helped dash hopes that as many as 20 of its companies could go public this year, ending a two-year drought in the country's...

Is the yuan carry trade dangerous for the markets?

Since investors painfully relearned that accelerated unwinding of yen carry trades can cause market turmoil, they've been keeping a close eye on other such operations, particularly those involving the...

US producer prices rise less than expected in July

U.S. producer prices increased less than expected in July as a rise in the cost of goods was tempered by cheaper services, indicating that inflation continued to moderate. The producer...

MORNING BID AMERICAS-Market lull as PPI eyed, Nikkei returns to base

A look at the day ahead in U.S. and global markets from Mike Dolan Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on...

What is the Chinese yuan carry trade and how is it different from the yen's?

A global markets sell-off spurred by an unwinding of yen-funded carry trades has turned the spotlight on China's yuan, which is also used widely as a cheap funding currency. While August...

Dollar tenses for data verdict on rate cut risks

The dollar was in limbo on Tuesday as investors waited to see how U.S. economic data affected the chance of outsized rate cuts, while a rally in Japanese stocks helped staunch the bleeding in yen...

Analysis-Investors expect market selloff will slow, stretch and spread

This week's huge selloff in global markets, triggered by an unwinding of yen-funded trades, is far from over and could eventually spread to credit markets, impair some banks and possibly hurt the U.S....

Worst of market selloff might be over but hold on tight, Goldman says

After a turbulent week in global markets, the worst of the selloff might be over but investors need to keep the reins tight on big directional bets for now, Goldman Sachs global head of hedge fund...

Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies

Analysts have turned bullish on most major Asian currencies for the first time in more than a year, bolstered by rising bets of interest rate cuts by the Federal Reserve and an unwinding of yen-funded...

What is the yen carry trade?

Global stock and bond markets, in particular Japan's, are being rocked by an unwinding of the hugely popular yen carry trade. That trade, which involves borrowing yen at a low cost...

Why the yen-funded carry trade is 'no longer as attractive'

STORY: Monday's sell-off was exacerbated by investors winding down yen-funded trades that had been used to finance the acquisition of stocks for years after a surprise Bank of Japan rate hike last...

Unwind of massive yen-funded carry has room to go, analysts say

NEW YORK, Aug 6 - An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on...