Currencies

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...

Canada's services PMI falls to three-month low in June

Canada's services economy moved back into contraction in June as a decline in new business weighed on the sector's performance even as inflation pressures cooled, S&P Global Canada services PMI data...

Dax starts trading firmer - US interest rate policy in focus

Hopes that interest rates in the USA will soon fall supported the German stock market on Thursday. The Dax advanced by 0.3 percent to 18,426 points. The German share index is surfing...

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...