Analysis: Currencies

BOJ should be wary of more rate hikes, adviser to Japan's likely next PM says

TOKYO -The Bank of Japan should be cautious about raising interest rates again as the economy is still fragile, said Etsuro Honda, a close economic adviser to Sanae Takaichi, who is likely to become...

South African rand holds gains from gold rally

JOHANNESBURG -The South African rand firmed on Thursday, retaining recent gains from a gold rally that boosted most emerging market assets. At 1245 GMT, the rand traded at 17.09 against...

Brazil's beef exports to China jump 38% in September amid US tariffs

SAO PAULO -Brazil's beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a...

India's central bank launches digital currency retail sandbox

The Reserve Bank of India on Wednesday launched a retail sandbox for its central bank digital currency , allowing fintech firms to build and test solutions as part of the ongoing pilot, Suvendu...

Bank of England warns of 'sharp correction' in markets if mood sours on AI or Fed

Global financial markets could tumble if investors' mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. ...

Revolut co-founder Storonsky leaves UK to move residence to UAE

Billionaire Nikolay Storonsky, the CEO and co-founder of financial technology business Revolut, has changed his residence from the UK to the United Arab Emirates, according to filings in Britain's...

India's gold ETFs hit record $10 billion AUM on biggest-ever September inflow

MUMBAI -India's physically backed gold exchange-traded funds saw their largest monthly inflow in September, pushing assets under management to a record $10 billion, as investors flocked to the...

Fed's Miran says calm bond market shows support for rate cuts

NEW YORK -Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market's current relative calm supports a swift push to lower interest rates. Given that market...

NY Fed finds rising worry about state of job market in September

NEW YORK -Americans grew more worried about the future of the job market in September, while at the same time bumping up projections for the future path of near-term inflation, a report from the...

Sluggish summer brings down forecast for tourism growth in Spain

MADRID -Growth in Spain's tourism industry has slowed down sharply, driven by weaker spending by European and U.S. visitors, and its contribution to this year's economic growth will be weaker than...

Kenya converts $3.5 billion loans from China into yuan to cut interest

NAIROBI -Kenya has completed converting three railway construction dollar-denominated loans from China into yuan in order to save on interest payments, its Finance Minister John Mbadi said on...

Japan's solid household spending in August bodes well for consumption

TOKYO -Japanese household spending rose at a faster pace than expected in August, government data showed on Tuesday, with consumers feeling relatively upbeat in a promising sign for the recovery in...

US unemployment claims rise moderately amid labor market freeze

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still-low...

Japanese and French politics help sterling to gain on euro and yen

The pound benefited from weakness elsewhere on Monday, reaching its strongest in nearly four weeks on the euro, and an over one-year top on the tumbling Japanese yen, with both currencies hit by...

Currencies: Surprise!

Until this morning, I was wondering where the expected bullish reversal on the dollar index might come from. The answer has arrived: from the fall of the euro, of course! We can thank France, and more...

French markets tumble after PM Lecornu resigns

LONDON -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond...

Indian central bank likely intervenes to support rupee near record low, traders say

MUMBAI -The Reserve Bank of India likely intervened to support the rupee on Monday as the currency was hovering just shy of its all-time low, pressured by persistent dollar demand from local...

Indian rupee to track portfolio inflows; bond yields likely to fall

MUMBAI -The rupee may find modest relief this week on the back of inflows expected on account of two large initial public offerings, while bond yields may ease due to a lower-than-expected state debt...

For a jobs day data fix in a US shutdown, here is what the experts are saying

WASHINGTON -With U.S. Bureau of Labor Statistics employees furloughed due to the federal government shutdown, the agency's website shows a release from Wednesday as its most recent data update...