Analysis: Currencies

Bank of Japan opens door for a hawkish double surprise

The Bank of Japan is dropping signals its quantitative tightening plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady...

Currencies: SNB: 2, rest of the world: zero

For the second time since the start of the year, the Swiss National Bank has lowered its key interest rates. It has to be said that the situation in Switzerland is very different from that in Europe.

MORNING BID EUROPE-On alert for yen intervention, US inflation

A look at the day ahead in European and global markets from Wayne Cole. It's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury...

BOJ debated need for timely rate hike at June meeting, summary shows

Some Bank of Japan policymakers called for raising interest rates in a timely fashion as they saw risks of inflation overshooting expectations, a summary of opinions at their June policy...

Meat-loving Argentines eat less beef as inflation bites

Argentines, famed for steakhouses, sprawling cattle ranches and asado barbecues, are consuming less beef than ever, forced to tighten their belts by triple-digit inflation and a recession. ...

US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks

The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the...

US equity funds witness outflows for second successive week

U.S. investors shed equity funds for a second successive week in the seven days to June 19, exercising caution as they evaluated the Federal Reserve's hawkish signals and ongoing political risks in...

Cash is leaving China again, pressuring yuan

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China's domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to...

BOJ deputy governor Uchida signals readiness to raise rates further

Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will adjust the degree of monetary support if the economy and prices move in line with its forecasts, signalling readiness...

Asian FX muted on robust dollar, rupiah at 4-year low

Asian currencies were subdued against the U.S. dollar on Friday, with the Indonesian rupiah touching a fresh four-year low, as the Federal Reserve's patient stance towards interest rates adds pressure...

MORNING BID EUROPE-Dollar backed by dove with sharpest claws

A look at the day ahead in European and global markets from Kevin Buckland King dollar is exerting its authority to end the week at new heights. The yen, in particular,...

US big banks face growing spillover risks from non-banks

Non-bank financial institutions pose an increasing risk to America's big banks, the Federal Reserve said on Thursday in a post on the Fed's Liberty Street Economics blog. During times...

US weekly jobless claims fell in latest week

The number of Americans filing new claims for unemployment benefits fell last week, but overall strength in the jobs market persisted despite a gradual cooling. Initial claims for state...

US regulators at odds over whether to issue new draft of bank capital hikes

U.S. bank regulators are arguing over the path forward for rules easing bank capital hikes, with some wanting to allow additional feedback from Wall Street after the industry vigorously pushed back,...

Japan May exports rise on boost from weak yen

Japanese exports rose sharply in May driven by U.S.-bound shipments of cars and China-bound chip-making machinery as the weak yen helps make its goods more competitive. Shipments rose...

Fed can be 'patient,' needs more good inflation data: Logan

Dallas Federal Reserve Bank President Lorie Logan on Tuesday said recent data showing inflation is cooling is welcome news but that the U.S. central bank can stay patient on interest-rate policy. ...

The dollar, Treasuries, and 'US exceptionalism': McGeever

Any week with U.S. inflation figures, Federal Reserve and Bank of Japan policy meetings and a core euro zone nation plunging into political turmoil is bound to be sending a blizzard of conflicting...

US retail sales miss expectations in May

U.S. retail sales increased less than expected in May in May as lower prices for gasoline and motor vehicles weighed on receipts at service stations and auto dealerships. Retail sales...

Currencies: It's a swingin' good time!

Welcome, thrill-seekers. Between central bank meetings and political turmoil in Europe, currency traders have plenty to speculate about the future of both the dollar and the euro. Let's jump in.