Currencies

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,...

Bank of Japan opens door for a hawkish double surprise

The Bank of Japan is dropping signals its quantitative tightening plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady...

MORNING BID EUROPE-On alert for yen intervention, US inflation

A look at the day ahead in European and global markets from Wayne Cole. It's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury...

BOJ debated need for timely rate hike at June meeting, summary shows

Some Bank of Japan policymakers called for raising interest rates in a timely fashion as they saw risks of inflation overshooting expectations, a summary of opinions at their June policy...

US equity funds witness outflows for second successive week

U.S. investors shed equity funds for a second successive week in the seven days to June 19, exercising caution as they evaluated the Federal Reserve's hawkish signals and ongoing political risks in...

Canada April retail sales up 0.7% as expected, likely drop in May

Canada's retail sales expanded by 0.7% in April as expected, bucking a trend of decline in the last three months, as sales at gasoline pumps boosted the overall numbers, data showed on Friday. ...

Cash is leaving China again, pressuring yuan

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to...

Asian FX muted on robust dollar, rupiah at 4-year low

Asian currencies were subdued against the U.S. dollar on Friday, with the Indonesian rupiah touching a fresh four-year low, as the Federal Reserve's patient stance towards interest rates adds pressure...

MORNING BID EUROPE-Dollar backed by dove with sharpest claws

A look at the day ahead in European and global markets from Kevin Buckland King dollar is exerting its authority to end the week at new heights. The yen, in particular,...

US big banks face growing spillover risks from non-banks

Non-bank financial institutions pose an increasing risk to America's big banks, the Federal Reserve said on Thursday in a post on the Fed's Liberty Street Economics blog. During times...

US weekly jobless claims fell in latest week

The number of Americans filing new claims for unemployment benefits fell last week, but overall strength in the jobs market persisted despite a gradual cooling. Initial claims for state...