Analysis: Currencies

Canada's defense spending commitment presents unsavory choices

Canada's promise this week to increase defense spending to 2% of GDP by 2032 was welcome news to the country's NATO allies, but meeting that commitment could push Canada deeper into deficit or force...

China central bank to maintain yield curve, correct bond risks, state media says

China's central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks, the bank-backed Financial News reported late on Friday, citing industry sources and...

Yen bounces, traders wary of more Japan intervention

The yen jumped against the dollar on Friday, with traders on high alert for signs of fresh intervention by authorities, after a surge in the Japanese currency on Thursday that was likely the result of...

US producer prices rise moderately in June

U.S. producer prices increased moderately in June, further confirmation that inflation had resumed its downward trend and strengthening the case for a September interest rate cut. The...

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing inflation...

Yen choppy amid intervention nerves; Asia shares eye weekly gain

The yen swung between losses and gains on Friday in volatile trade, reflecting investors' skittishness after Tokyo was thought to have intervened to prop up the Japanese currency in the wake of...

Japan top FX diplomat says authorities to take action as needed on yen

TOKYO -Japan's top currency diplomat, Masato Kanda, said on Friday authorities will take action as needed in the foreign exchange market. Kanda also told reporters that recent yen moves...

Global reserve managers upbeat on growth but worry about politics

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,...

Fed's Cook: US data consistent with a soft landing

U.S. inflation should continue to fall without a significant further rise in the unemployment rate, Federal Reserve Governor Lisa Cook said on Wednesday. In remarks prepared for delivery...

Payment problems stifle Russian imports of Chinese cars

Payment issues between Russia and China, caused by U.S. sanctions, pose serious issues for Russian imports of Chinese cars that have supplied the domestic market over the last two years, the head of...

MORNING BID EUROPE-Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering...

Asia shares dip; New Zealand dollar firms ahead of RBNZ

Asian stocks edged marginally lower on Wednesday after Federal Reserve Chair Jerome Powell offered little hints on the timing of U.S. rate cuts expected later this year, even as he signalled...

Russia overtakes Canada as top peas exporter to China

Russia has become the top exporter of peas to China, accounting for almost half of the country's total imports and overtaking Canada in less than two years after gaining access to the $1 billion...

MORNING BID EUROPE-With France in limbo, spotlight swings to Washington

A look at the day ahead in European and global markets from Kevin Buckland Washington largely steals the spotlight from today, even with post-French-poll horsetrading at...

Euro falls after French exit poll points to hung parliament

The euro fell on Sunday after exit polls for the final round of the French parliamentary elections pointed to a hung parliament, with the left wing New Popular Front grouping likely winning the most...

Instant view: Canada loses a net 1,400 jobs in June, jobless rate rises to 6.4%

Canada's economy lost a net 1,400 jobs in June, entirely in full-time work, and the jobless rate climbed to 6.4%, Statistics Canada data showed on Friday. Analysts had expected a 22,500...

Canada unexpectedly sheds jobs in June, unemployment rate rises to 6.4%

Canada's economy unexpectedly lost a net 1,400 jobs in June, while the unemployment rate increased more-than-expected to a 29-month high of 6.4%, data showed on Friday. Analysts polled...

US employment, wage growth expected to moderate in June

U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve will be able to tame inflation without...

Dollar at three-week lows; pound takes UK election in stride

The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a...