Analysis: Currencies

Unwind of $500 bln yen-funded carry trade only 50% done, UBS says

An epic unwinding of the yen-funded carry trade that has reverberated through global markets is only about 50% done, a UBS analyst estimated on Tuesday. Days of havoc in global markets...

Dollar poised for comeback, recent weakness just a hiccup

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in too many Federal Reserve interest rate...

Global market rout has more to do with end of cheap funding than US economy

A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook,...

Week Ahead for FX, Bonds : Fed Meeting to Take -2-

Barclays economists expect exports growth to have jumped sharply in July, and import growth to have picked up as well, resulting in a continued large trade surplus. They anticipate July's inflation...

S.Korean won, Thai baht slip; other Asian currencies lukewarm

The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR ...

S.Korean won, Japanese yen lead gains among steady Asian FX

The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR ...

Currencies: Sterling gets good momentum

What's going on in Her Majesty's land? The British currency has put in a fine weekly performance that can hardly be blamed on American inflation ....

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...