Analysis: Currencies

US port strike adds another uncertainty to Fed's outlook

The COVID-19 pandemic's crushing blow to global supply chains also scarred U.S. Federal Reserve officials who thought the fallout from disrupted ports and backed up container ships would cause only...

In Argentina's poverty-hit barrios a food emergency takes hold

In Argentina's poor barrios a food emergency is taking hold as poverty rises, with malnutrition on the increase and medics treating children for eye diseases and even scurvy linked to a...

Futures dip ahead of labor data; Powell signals modest rate cuts

U.S. stock index futures were flat to slightly lower on Tuesday as investors awaited labor market data, a day after Federal Reserve Chair Jerome Powell pushed back against market expectations for...

BOJ policymakers discussed need for caution in rate hikes, Sept summary shows

Bank of Japan policymakers discussed the need for caution over near-term interest rate hikes with some voicing concern over unstable financial markets and the U.S. economic outlook, a summary of their...

Fed's Powell says rates will 'over time' reach neutral level, not on preset course

The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and over time reach a level that is no longer holding back...

Imported cars face higher fees as Russia plans domestic production boost

Russia plans to effectively raise taxes on imported cars from 2025 by doubling the scrappage fees all car producers must pay while also increasing state support for locally made vehicles, draft budget...

Currencies: Same old

The dynamics in place for several weeks are continuing, with the dollar generally weak against the euro, sterling and commodity currencies. Conversely, the Swiss franc and Japanese yen are likely to...

Rupee supported by buoyant Asia FX, importer dollar bids to cap gains

The Indian rupee is expected to open nearly unchanged on Monday and trade with a slightly positive bias on the back of gains in most of its regional peers, while traders await comments from Federal...

US consumer spending rises moderately in August; inflation slows

U.S. consumer spending increased moderately in August, suggesting the economy retained some of its solid momentum in the third quarter, while inflation pressures continued to abate. ...

Canada economy tops July growth forecast, but seen stalling in August

Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, driven by growth in retail trade and public sectors, but the economy likely stalled in August, Statistics Canada...

Fed is aligned on rate cuts, but upcoming data will shape the pace

The Federal Reserve did not have full consensus when it voted last week to reduce interest rates by half of a percentage point, with one policymaker dissenting and economic projections implying others...

NY Fed's Perli says there is plenty of room left to run in shrinking Fed holdings

The official responsible for managing the Federal Reserve's massive holdings of cash and bonds said on Thursday there's likely plenty of room left to run in shrinking the central bank balance sheet. ...

Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level

U.S. Treasury Secretary Janet Yellen said on Thursday that labor market and inflation data suggest the U.S. economy is on a path to a soft landing, but the last mile on taming inflation is bringing...

Fed's Barr: Discount window can be source of normal funding for banks

The Federal Reserve's point man on bank oversight, Michael Barr, said on Thursday that banks should use the central bank's discount window whenever they need it, not just when they face funding...

Milei's austerity seen pushing half of Argentina into poverty

Irma Casal, a 53-year-old in Buenos Aires, works three shifts as a garbage recycler, cardboard collector and bricklayer, but, like many Argentines at a time of rising poverty, she still struggles to...

US weekly jobless claims unexpectedly fall

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to a still low level of layoffs that could ease fears over the labor market's health. ...

US economic growth, corporate profits revised higher in 2023

The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from the Federal Reserve, revised...

Foreign investors cheer China's stimulus - from a distance

As the market euphoria to China's biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114 billion toolkit will provide the spark needed to turn around a beat-up...

M&A seen slowing ahead of US elections after uneven third quarter

Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a...