Analysis: Currencies

Dollar steady ahead of Powell speech; Ueda aims to calm market nerves

The U.S. dollar was calm on Friday as traders braced for comments from Federal Reserve Chair Jerome Powell, while Bank of Japan Governor Kazuo Ueda aimed to soothe lingering market nerves after a...

US existing home sales rise more than expected in July

U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could rebound in the...

Morning Bid: King dollar's crown is slipping

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar. ...

Fed minutes to show depth of debate over a July rate cut

While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at last month's policy...

Analysis-Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a...

Japan's July exports growth lags expectations, volumes fall again

Japan's exports rose at a slightly slower pace than expected in July and shipment volumes extended their declines, data showed on Wednesday, adding to some doubts about the outlook for an economy that...

Indonesian rupiah, South Korean won lead Asian FX higher

The following table shows rates for Asian currencies against the dollar at 0210 GMT. Currency Latest Previou Pct bid s day Move Japan 146.620 146.57 -0.03 ...

Currencies: Dollar limps along, European currencies rally

Over the past week, the dollar has weakened significantly, benefiting not only commodity currencies but also the main European currencies, led by the euro and sterling.

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

Fed's pandemic-era vow to prioritize employment may soon be tested

Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness,...

MORNING BID AMERICAS-Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the...

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

Hurricane Beryl likely had minor impact on US labor market in July

Unemployment in Texas rose moderately in July, suggesting that Hurricane Beryl had a minor impact on the labor market and confirming the sharp slowdown in U.S. job growth last month. ...

Hopes for revival of Brazil's IPO market evaporate

Concerns about Brazil's fiscal health and high interest rates have helped dash hopes that as many as 20 of its companies could go public this year, ending a two-year drought in the country's...

No respite for Chinese officials as economy shows new signs of weakness

A recent string of dismal indicators have dulled expectations for China's economic performance in July, in an ominous sign for the rest of 2024 and pointing to the need for more stimulus measures...

Is the yuan carry trade dangerous for the markets?

Since investors painfully relearned that accelerated unwinding of yen carry trades can cause market turmoil, they've been keeping a close eye on other such operations, particularly those involving the...

US producer prices rise less than expected in July

U.S. producer prices increased less than expected in July as a rise in the cost of goods was tempered by cheaper services, indicating that inflation continued to moderate. The producer...

MORNING BID AMERICAS-Market lull as PPI eyed, Nikkei returns to base

A look at the day ahead in U.S. and global markets from Mike Dolan Much like Wall Street's rapid healing on Friday, Japanese stocks completed their week-long, hair-raising round trip on...

What is the Chinese yuan carry trade and how is it different from the yen's?

A global markets sell-off spurred by an unwinding of yen-funded carry trades has turned the spotlight on China's yuan, which is also used widely as a cheap funding currency. While August...