Analysis: Currencies

India's chief economic adviser says Trump's tariffs could shave 0.5% off GDP, Bloomberg News reports

U.S. President Donald Trump's 50% tariffs on India could reduce the country's gross domestic product by half a percent this year, the nation's Chief Economic Adviser V. Anantha Nageswaran said in a...

Yen slides after Japan PM Ishiba resigns, dollar wobbles

The yen fell sharply on Monday following the resignation of Japanese Prime Minister Shigeru Ishiba, while the dollar remained on shaky footing after Friday's weak U.S. jobs report cemented...

Fed rate cut optimism lifts sentiment, yen slips on political uncertainty

Stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan...

StanChart revises Fed cut expectations to 50 bps in Sept after weak US jobs data

Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its September 17 meeting, after August jobs growth came in far below expectations and unemployment rose...

Yen sinks after Japan PM Ishiba resigns

The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak U.S. jobs report that cemented...

Investors look for more aggressive US rate cuts after weak jobs data

NEW YORK -After a surprisingly weak U.S. payrolls report that underscored that the economy is slowing, investors see the need for accelerated monetary easing, including an increased chance of a jumbo...

Companies tap US bond market for nearly $70 billion, starting September on a busy note

WASHINGTON -Investment-grade corporate borrowers tapped U.S. debt markets for nearly $70 billion so far this week, beating forecasts for the Labor Day-shortened first week of September as borrowing...

US bond market may be too sanguine about underlying fiscal, inflation risks

NEW YORK -Some investors see potential cracks in the U.S. bond market and red flags from recent whipsawing moves, saying the market is underpricing long-term fiscal risks and the danger posed by...

Canada to give automakers a break on EV sales target, offers tariff aid

OTTAWA -Canada on Friday said it was waiving a requirement that 20% of all vehicles sold next year be emissions-free, part of an aid package designed to help companies deal with damage done by U.S....

Fed on track for string of rate cuts as labor market weakens

Federal Reserve policymakers look set to kick off a series of interest rate cuts this month to shore up an increasingly fragile labor market, after a government report on Friday showed job growth...

US job growth slows sharply in August, unemployment rate ticks higher

NEW YORK -The pace of U.S. job growth slowed more than expected in August, and the unemployment rate increased, pointing to signs of slowing labor market conditions and boosting expectations the...

Canada's economy sheds 65,500 jobs in August

TORONTO -Canada's economy lost 65,500 jobs in August and the jobless rate fell to 7.1%, a nine-year high outside the pandemic years, Statistics Canada data showed on Friday. Market...

US unemployment rate near 4-year high as labor market hits stall speed

WASHINGTON -U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the...

Sterling ticks higher but heads for weekly loss after gilt turbulence

LONDON -The pound rose versus a broadly weaker dollar on Friday, but headed for its third weekly decline in a row after a week marked by gilt market turbulence amid growing investor jitters over...

BOJ chief Ueda to visit Osaka, hold briefing Oct 3

TOKYO -Bank of Japan Governor Kazuo Ueda is expected to meet business leaders in Osaka, western Japan, and hold a news conference on Oct. 3, the central bank said on Friday. The BOJ...

Lackluster US job growth anticipated in August; focus on revisions

WASHINGTON -Forecasts for tepid U.S. job growth in August and a rise in unemployment to 4.3%, if accurate, would confirm a softening labor market and seal the case for an interest rate cut from the...

Dollar holds ground as bonds find footing, jobs data looms

TOKYO -The dollar mostly held its ground on Friday as bond markets stabilised and traders awaited key U.S. jobs data expected to firm up the case for an interest rate cut by the Federal Reserve. ...

Japan's real wages, consumer spending climb but inflation challenges persist

TOKYO -Japanese real wages turned positive for the first time in seven months in July on the back of hefty summertime bonuses, while consumer spending rose for the third straight month, data showed...

Japan July real wages turn positive for first time in 7 months

TOKYO -Japanese real wages turned positive for the first time in seven months on the back of hefty summertime bonuses, but elevated inflation added to pressure on consumption, data showed on...