Analysis: Currencies

Weaker Chinese yuan talk raises spectre of FX race to the bottom

High-level discussions in China about allowing its currency to weaken next year underscore the risk for investors and companies that big foreign exchange moves are coming as U.S. tariffs shift global...

Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say

China's top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States. ...

Priced for perfection into CPI

A look at the day ahead in European and global markets from Tom Westbrook Markets head into the release of U.S. inflation figures expecting they won't get in the way of an interest rate...

How likely is a Bank of Japan rate hike next week?

The Bank of Japan holds its final policy meeting for the year next week with its decision to be announced just hours after that of the U.S. Federal Reserve's expected interest rate cut. ...

Japan manufacturers' mood turns negative for the first time in 10 months- Reuters poll

Japanese manufacturers' business sentiment soured further in December amid worries over U.S. protectionist policies and the Chinese economy, with pessimists outnumbering optimists for the first time...

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising...

US third-quarter unit labor costs revised sharply lower

U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. ...

Dollar reasserts strength, China fillip fades

A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest...

Currencies: A non-event

The French political drama took center stage last week with the government's resignation after a no-confidence vote. Yet, the anticipated disaster on the CAC 40 has not materialized. The French stock...

Japan's bankruptcies set to hit 11-year high in 2024, data shows

Japan's bankruptcy filings this year are set to surpass 10,000 and hit the highest since 2013, private-sector data by Tokyo Shoko Research showed on Monday, ahead of a closely watched central bank...

Fed's Bowman, worried by inflation, calls for caution on rate cuts

Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on...

US Nov payrolls show job growth accelerated after October hiccup

U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to ease steadily...

Canada's jobless rate jumps to near 8-year high of 6.8% in November

Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, likely...

Rouble rebounds past 100 vs US dollar after Putin's gas payments decree

The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas,...

Final slate of Fed speakers due before pre-meeting blackout begins

U.S. Federal Reserve officials head into the quiet period ahead of their Dec. 17-18 meeting with new jobs numbers expected to show a rebound from the weak reading in October and a growing sense among...

The pressure's on: Five questions for the ECB

The European Central Bank looks set to cut rates again next week as inflation heads down, and financial markets are keen for a sense of whether a more challenging environment will spark speedier moves...

BOJ is holding cards close to its chest on December rate hike

The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-making style and anxiety over U.S....

Russia official says Trump's threat will not stop work on BRICS payment system, RIA reports

Work will continue on the BRICS settlement system despite U.S. President-elect Donald Trump's threat to impose 100% import duties on countries that try to undermine the dollar, the RIA news agency...

India rate call in focus, political crises cool

A look at the day ahead in Asian markets.  India's central bank interest rate decision grabs the spotlight in Asia on Friday, as investors digest yet another record high for the Nasdaq...