Analysis: Currencies

Fed faces hefty data, political calendar before next policy meeting

The nine days until Federal Reserve officials sit down to decide what to do next with interest rates features a veritable murderers' row of events to shape their move - everything from key employment...

Event risks galore this week

A look at the day ahead in European and global markets from Vidya Ranganathan A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate...

BOJ on quest for better communication as more rate hikes loom

Aside from the mixed policy signals dropped during his trip to the International Monetary Fund and World Bank meetings in Washington, Bank of Japan Governor Kazuo Ueda offered a glimpse of how the...

Markets gear up for two wild weeks of elections and rate moves

Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States and Japan elect leaders, three major central banks decide on...

Markets enter the eye of risk-event storm

A look at the day ahead in European and global markets from Kevin Buckland Yields are mercifully lower as the week draws to a close, removing some of the angst that has weighed on...

BOJ may offer less dovish signs as US recession fears ease, rates on hold

The Bank of Japan is set to maintain ultra-low interest rates next week, and probably signal a less dovish policy outlook due to receding fears of U.S. recession - and the need to keep speculators...

Brazil to partly address fiscal concerns soon, central bank chief says

Brazil's government will make announcements soon that will partly address financial markets' fiscal concerns that are affecting the country's risk premium, central bank chief Roberto Campos Neto said...

US 30-year fixed-rate mortgage rises to 6.54%

U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates. ...

Bank of Canada may need another big rate cut to adjust for slow growth, economists say

The Bank of Canada's annual economic growth forecast is overly optimistic, economists said, and another large interest rate cut this year will likely be required to boost growth. ...

Japanese banks should stay vigilant against market tail risks, BOJ says

Japanese banks have sufficient capital bases but need to be vigilant against tail risks including developments in global financial markets and geopolitical perils, the Bank of Japan said on Thursday. ...

Dubai and Abu Dhabi race to lure world's wealth managers

Abu Dhabi is emerging from Dubai's shadow as it attracts its own share of asset managers' and billionaires wealth, helping cement United Arab Emirates' role as an alternative to global financial...

Japan warns against 'one-sided' currency moves as yen slides

Japanese Finance Minister Katsunobu Kato issued a warning against currency speculation on Wednesday, expressing concern over one-sided, rapid moves in the currency market that have been driving down...

Dollar stands tall on bets for slower Fed cuts, potential Trump win

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a...

BOJ chief says it is 'still taking time' to sustainably hit inflation goal

Bank of Japan Governor Kazuo Ueda said on Wednesday that underlying inflation has been rising slowly, but it was still taking time for the country to achieve 2% inflation in a sustainable manner. ...

US economic activity little changed in recent weeks, Fed survey shows

U.S. economic activity was little changed from September through early October while firms saw an uptick in hiring, continuing recent trends that have reinforced expectations the Federal Reserve will...

Stocks stumble, dollar and gold rise as traders weigh US rates, election

Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place...

Argentina's beleaguered economy set to rebound in 2025

Argentina's beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with its chainsaw plan to shrink the size of...

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts

Goldman Sachs has said the euro could fall as much as 10% - implying a drop below $1 from current levels - in a scenario in which Donald Trump imposes widespread tariffs and cuts domestic taxes if he...

Currencies: Ouch !

THEUR/USD continues its slide. Initially driven by a drastic rise in US long-term interest rates, making the greenback more attractive, this time it's the ECB's turn to fuel the slide.