Analysis: Currencies

BOJ policymaker leans towards rate hike despite government pushback

NIIGATA, Japan -The Bank of Japan must keep raising real interest rates to a state of equilibrium, board member Junko Koeda said on Thursday in the wake of renewed yen slides, driven by market...

German tax revenues rise 0.5% in October, finance ministry says

BERLIN -Germany's federal and state government tax revenues were up slightly in October, rising 0.5% from the same month a year ago, the finance ministry said in a report on Thursday. ...

Many Fed policymakers at last meeting were opposed to December rate cut

WASHINGTON -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public trust in the U.S. central bank,...

US canceling October's employment report after shutdown prevented data collection

WASHINGTON -The U.S. Bureau of Labor Statistics said on Wednesday it would not be publishing the closely watched employment report for October, but will combine nonfarm payrolls for that month with...

Bank of Canada urges coordinated approach to boost weak productivity

The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in the face of challenges caused by U.S. trade...

Fed's Miran calls for exempting Treasuries from bank leverage rule

WASHINGTON -Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S. Treasury bonds from a key bank leverage ratio, arguing agencies should go further than previously...

US, UK and Australia sanction Russian cyber firms over ransomware links

LONDON -The United States, Australia and Britain announced coordinated sanctions on Wednesday against Russia-based web company Media Land, accusing it of supporting ransomware operations. ...

Euro zone's current account surplus widens on trade

FRANKFURT -The euro zone's current account surplus widened a touch in September as the goods surplus increased, offsetting a modest drop in the trade of services, data from the European Central Bank...

Russia plans new tax on electronics to boost its defence capacity

MOSCOW -Russia is planning a new tax on electronics, primarily imported and consumer items, with $2.7 billion in proceeds earmarked to support the domestic electronics industry, including in the...

Cash allocation strategies across US companies could be missing out on millions, report shows

Corporations across the U.S. could potentially be leaving millions on the table depending on their cash management strategies, according to research published by Clearwater Analytics on Tuesday. ...

Japan's toolkit to combat unwelcome yen declines

TOKYO -Japanese authorities are facing renewed pressure to combat a decline in the yen, driven in part by market bets that dovish new premier Sanae Takaichi will pile pressure on the central bank to...

Japan finance minister says 'alarmed' over yen's volatility

TOKYO -Japanese Finance Minister Satsuki Katayama on Tuesday expressed concern over recent foreign exchange movements, as the yen sank to fresh nine-month lows versus the dollar. As we...

US construction spending rebounds in August

WASHINGTON -U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as higher mortgage rates continued to weigh on single-family homebuilding. The...

Fed needs to move slowly with further rate cuts, Jefferson says

WASHINGTON -Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to proceed slowly with any further interest rate cuts as it eases policy towards a level that would...

ECB's Sleijpen: risks are balanced, policy is appropriate

AMSTERDAM -Risks surrounding the euro zone inflation outlook are balanced and the current level of interest rates is appropriate, Dutch central bank chief Olaf Sleijpen told a news conference on...

Canadian home sales regain positive momentum in October

TORONTO -Canadian home sales rose 0.9% in October from September as lower borrowing costs helped offset uncertain prospects for Canada's economy, data from the Canadian Real Estate Association showed...

Euro zone to grow faster than expected, but defence spending boosts debt, EU Commission says

BRUSSELS -The euro zone economy is likely to expand faster than expected this year and grow at or above potential in 2026 and 2027, but debt and deficit will be on the rise too because of defence...

Currencies: sell the news

Buy the rumors, sell the news is a well-known saying in financial circles. The announcement of the end of the shutdown in the US perfectly illustrates this definition. While the markets performed well...

Japan government panel member Kataoka calls for $149 billion stimulus package

TOKYO -Japan must compile a stimulus package of around $149 billion to support an economy hobbled by U.S. tariffs and weak consumption, Goushi Kataoka, a private-sector member of a key government...