Analysis: Currencies

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...

Fed's Williams sees gradual rate cuts but lets data drive when they'll happen

NEW YORK -Federal Reserve Bank of New York President John Williams said on Thursday a gradual lowering in short-term borrowing costs is likely to happen over time if the economy meets his current...

Markets brace for volatility amid Trump's Fed maneuvers

Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on...

US Justice Department opens criminal mortgage fraud probe into Fed Governor Cook

The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook and has issued grand jury subpoenas out of both Georgia and Michigan, according to...

DOJ issues subpoenas as part of probe into Fed governor Lisa Cook, WSJ reports

The U.S. Justice Department has opened a criminal investigation into Federal Reserve Governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on...

Russia's Nornickel says China payments problem persists after Xi-Putin meetings

VLADIVOSTOK, Russia -Chinese banks are still delaying payments for Russian imports by up to four weeks, a senior executive at metals producer Nornickel said on Thursday, despite assurances from...

US service sector regains speed in August; employment weak

WASHINGTON -U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management said on Thursday its...

Russia may extend gasoline exports ban for producers through October, RIA reports

MOSCOW -Russian authorities may prolong the gasoline export ban for oil producers into October, Russian state-run news agency RIA reported on Thursday, citing Vitaly Korolev, deputy head of the...