Analysis: Currencies

Canada posts higher than expected trade deficit of C$1.26 billion in Sept

Canada posted a higher than expected trade deficit of C$1.26 billion in September as a larger drop in imports failed to offset a drop in exports, data showed on Tuesday. The September...

FX traders brace for wild moves after US election

Currency traders rushed to hedge against big overnight price movements that might ensue as the results of the 2024 U.S. election trickle out, pushing options volatility for the euro and Mexican peso...

Brazil's Itau Unibanco posts 18% increase in Q3 recurring profit

Brazil's Itau Unibanco, Latin America's largest private lender, on Monday posted a 18% increase in its third-quarter net recurring profit from a year earlier. Itau reported a 10.68...

Global equity funds see first weekly outflow in five weeks on caution ahead of US elections

Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday's U.S. presidential election and the Federal Reserve's policy decision later in the week. ...

Currencies: A well-deserved respite

Last week, the euro regained some of its color against the dollar, but the hardest part remains to be done on the eve of a particularly busy week, between the US elections and the US Federal Reserve...

Recent data has kept Fed rate view, soft landing, intact

A data-heavy week has kept the U.S. Federal Reserve's core view intact of an economy where price pressures continue to ease and the job market continues to bend but not break amid ongoing economic...

Japan cuts growth forecast again for current fiscal year on weak exports

Japan's government on Friday lowered its GDP growth forecast for the current fiscal year as weaker exports drag on a fragile economic recovery. In its revised estimates, the Cabinet...

Brazil's strong labor market fuels inflation fears ahead of expected rate hike

SAO PAULO -Brazil's labor market is posting blockbuster numbers ahead of a central bank rate decision next week, amid bets that the country's rate-setting committee will need to speed up monetary...

US third-quarter labor costs growth smallest in more than three years

U.S. labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward trend. The...

September US PCE inflation ticks up, as expected

The Commerce Department's personal consumption expenditures price index, closely watched by the Federal Reserve, increased 0.2% in September after an unrevised 0.1% gain in August. Economists had...

Riding growth wave, most Asian central banks to go slower than Fed on rate cuts

Most Asian central banks will cut interest rates slower than the U.S. Federal Reserve over the coming year, Reuters polls showed, as solid growth has eased pressure to maintain currency stability...

BOJ keeps interest rates steady, roughly maintains price forecasts

The Bank of Japan kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signalling its readiness to...

BOJ to keep rates steady as politics muddles outlook

The Bank of Japan is expected to maintain ultra-low interest rates on Thursday and signal a cautious approach to rolling back its massive monetary stimulus, as political uncertainty and jittery...

US 30-year mortgage rate surges to 6.73%, highest since July

The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since July, adding to headwinds for the housing market even as the Federal Reserve looks set to further...

In the Market: How Harris, Trump promises could feed market's addiction to the Fed

The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as U.S. presidential candidates...

US economy seen shining on election eve amid robust consumer spending

The U.S. economy likely maintained a solid pace of growth in the third quarter as subsiding inflation and strong wage gains powered consumer spending ahead of a contentious presidential election set...

Fed seen on track for quarter-point rate cuts in Nov, Dec

Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S. Labor Department report showed job...

More companies planning price hikes in Germany, survey finds

Companies in Germany's industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank's 2% target, according to a...

Yen mired in political uncertainty; dollar looks to key data releases

The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and...