Currencies

FX crosses, the dollar cycle, pegs and intervention.

35 report(s) in the archive

Traders slash October Fed rate-cut bets after soft data, bond quarter turns ugly

Wagers on an October rate cut fell sharply even as bonds head for what one wire called a 'cruel quarter,' with the yen rebounding and the dollar sitting near a two-month high.

Bets on an October Federal Reserve rate cut fell sharply on soft economic data and dovish comments from officials, even as government bonds close out a rough quarter and the dollar holds near a two-month high.

MARKET REPORT

Dollar Hits Two-Month High as US Flash PMI Signals Fastest Growth in Five Years

Stronger-than-expected September activity data revived inflation and rate-hike bets, pushing the dollar to its strongest level since July and sending Japanese bond yields to a 30-year high.

The U.S. flash PMI for September pointed to the fastest growth in more than five years, reviving inflation fears and pushing the dollar to a two-month high while Japanese 10-year bond yields hit a 30-year high on bets for more Bank of Japan rate hikes.

MARKET REPORT

Fed and Bank of Japan Both Hike Rates, Dollar Holds Gains as Yen Slides

Investors are now debating whether the Fed's move opens a new tightening cycle or was a one-off, wire commentary from the past 24 hours shows.

The Federal Reserve raised interest rates and the Bank of Japan followed with its own hike, but the dollar strengthened while the yen weakened, leaving currency markets split on which central bank's hawkishness matters more.

BREAKING STORY

Asian Markets Slip as Oil Surge and Yen Strength Squeeze Risk Appetite

Tech shares led losses across Asia on September 9 as crude prices jumped and the yen held near recent highs, while South Korea's central bank signaled no rush to tighten policy.

Asian equities fell on September 9 as a surge in oil prices and tech-sector weakness drove a risk-off tone, while the yen held near its highs and a Bank of Korea board member said the pace of any tightening remains under review.

MARKET REPORT

Japan's Reserves Post Record Drop After Yen Intervention; Aide Flags September BOJ Hike

August foreign reserves fell by the largest amount on record following heavy currency intervention, just as a reflationist aide to PM Takaichi floated a rate hike this month.

Japan's August foreign reserves posted their largest-ever drop after record intervention to support the yen, even as an aide to Prime Minister Takaichi said the Bank of Japan could hike rates in September.

BREAKING STORY
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