Analysis: Currencies

Asia shares dip; New Zealand dollar firms ahead of RBNZ

Asian stocks edged marginally lower on Wednesday after Federal Reserve Chair Jerome Powell offered little hints on the timing of U.S. rate cuts expected later this year, even as he signalled...

MORNING BID ASIA-Debating the fate of rates

A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when? Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. is no...

Shein pledges to invest in UK and Europe ahead of potential IPO

Fast fashion retailer Shein said it would invest 250 million euros over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories...

MORNING BID EUROPE-With France in limbo, spotlight swings to Washington

A look at the day ahead in European and global markets from Kevin Buckland Washington largely steals the spotlight from today, even with post-French-poll horsetrading at...

Japan real wages fall for record 26th straight month as inflation bites

Japan's inflation-adjusted real wages fell in May for a record 26th straight month, highlighting the pain of inflation that is dampening household spending and complicating the central bank's efforts...

MORNING BID ASIA-Optimism rising high, soft landing on track

A look at the day ahead in Asian markets. Investors start the new week in ebullient mood after last Friday's U.S. jobs figures kept the soft landing story on track, lowering the dollar...

Euro falls after French exit poll points to hung parliament

The euro fell on Sunday after exit polls for the final round of the French parliamentary elections pointed to a hung parliament, with the left wing New Popular Front grouping likely winning the most...

US inflation easing, job market similar to pre-pandemic conditions -Fed report

Inflation is easing and the job market has returned to the tight but not overheated situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday...

Fed rate cut debate in view as U.S. job market cools

A government report showing the U.S. labor market continues to cool could give Federal Reserve policymakers added confidence they are winning their fight on inflation, sparking a more active debate on...

Fed's Williams: still 'a way to go' to reach 2% inflation goal

The Federal Reserve has taken great strides in lowering inflation back down toward its 2% target rate but is still a way from achieving the goal, New York Fed Bank President John Williams said on...

US employment, wage growth expected to moderate in June

U.S. job growth likely slowed to a still-healthy pace in June, with the unemployment rate holding steady at 4%, increasing the chances that the Federal Reserve will be able to tame inflation without...

Dollar at three-week lows; pound takes UK election in stride

The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a...

US weekly jobless claims rise labor market slows

The number of Americans filing new claims for unemployment benefits increased last week, pointing to easing labor market conditions. Initial claims for state unemployment benefits rose...

Euro expected to hold ground despite political tremors

The euro will weaken modestly against the U.S. dollar this month before strengthening by year-end, despite financial markets pricing two more European Central Bank interest rate cuts by then,...

South Korean won, Thai baht dip among tepid Asian currencies

The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR ...

US overnight funding rate hits highest since January

A measure of the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement market hit its highest level since January on Monday, New York Federal Reserve data...

Currencies: the yen and the euro, two currencies under pressure

When it comes to the top currencies, the Japanese yen is undoubtedly at the top of the list, with record weakness against all G10 currencies. The euro is also in the crosshairs of currency traders,...

Dollar soars near 38-year yen peak as Trump risk lifts US yields

The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. ...

Euro rises after France's first-round vote, yen struggles

The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter...