Analysis: Currencies

Toronto area home sales rise in June, halt four-month slide

Toronto area home sales rose in June after four straight months of decline, following Canada's first interest-rate cut in more than four years, while prices rose marginally, data showed on Thursday. ...

US weekly jobless claims rise labor market slows

The number of Americans filing new claims for unemployment benefits increased last week, pointing to easing labor market conditions. Initial claims for state unemployment benefits rose...

Euro expected to hold ground despite political tremors

The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank interest rate cuts by then,...

South Korean won, Thai baht dip among tepid Asian currencies

The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR ...

Currencies: the yen and the euro, two currencies under pressure

When it comes to the top currencies, the Japanese yen is undoubtedly at the top of the list, with record weakness against all G10 currencies. The euro is also in the crosshairs of currency traders,...

Dollar soars near 38-year yen peak as Trump risk lifts US yields

The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. ...

Euro rises after France's first-round vote, yen struggles

The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter...

Dollar is only winner from China-West trade war: McGeever

The only winner from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade policy is the highest since 2018-2019 when...

US inflation cools in May; consumer spending rises moderately

U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could draw the Federal Reserve closer to start cutting interest rates this year. The flat reading...

Japan appoints Atsushi Mimura top FX diplomat, replacing Masato Kanda

Japan's government appointed financial regulation expert Atsushi Mimura on Friday as its top currency diplomat, replacing Masato Kanda who battled sharp yen declines this year with the biggest...

Dollar barges past 161 yen and eyes quarterly rise

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. ...

Asia shares eye five-month winning streak; yen buckles under dollar strength

Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later...

Brazil creates fewer formal jobs than expected in May

Brazil's economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of economists. The...

Battered yen pinned near multi-decade low amid resilient dollar

The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the...

Sharp Japan GDP downgrade possible, affecting monetary policy, analysts say

A rare unscheduled revision to Japan's first-quarter gross domestic product may lead to a sharp downgrade, possibly affecting the central bank's growth forecasts and the timing of its next interest...

Fed's Cook: 'At some point' it will be time to cut interest rates

Federal Reserve Governor Lisa Cook said on Tuesday the U.S. central bank is on track for a rate cut if the economy’s performance meets her expectations, but she declined to say when the Fed will be...

Frankfurt skyscraper owner files for insolvency as property crisis grips

The owner of a prominent skyscraper in Germany's banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest property crisis in a generation. The tower,...

US dollar's dominance secure, BRICS see no progress on de-dollarization -report

The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a new study by the Atlantic...

China urges EU to revoke sanctions on Chinese firms over Russian links

China on Tuesday urged the European Union to revoke sanctions on Chinese companies for what it believes is supporting Russia's war in Ukraine. China always opposes unilateral sanctions,...