Analysis: Currencies

Toronto home sales hit five-month low in November

Greater Toronto Area home sales fell to a five-month low in November and prices declined as an uncertain economic outlook kept homebuyers on the sidelines, Toronto Regional Real Estate Board data...

Euro zone business activity expands at fastest pace in 30 months in November, PMI shows

Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday. ...

Russia's services sector growth accelerates in November, PMI shows

Russia's services sector experienced a resurgence in growth in November, driven by a renewed increase in new orders, a survey showed on Wednesday. The seasonally adjusted S&P Global...

EU proposes using frozen Russian assets or borrowing to give Ukraine 90 billion euros

The European Commission proposed on Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise 90 billion euros for Ukraine to cover its struggling military and basic...

Wall St opens higher as markets mull Fed's next step

U.S. stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this...

Tariffs, AI boom could test global growth's resilience, OECD says

Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U.S. tariff hikes, the OECD said on Tuesday, nudging up its outlook...

Japan panel softens tone on fiscal discipline amid Takaichi's reflationary push

An advisory panel to Japan's finance minister adopted a much softer stance in its budget recommendations on Tuesday, a change in approach to fiscal discipline that comes amid a reflationary push by...

Currencies: How do you like them?

Although last week was somewhat shortened by Thanksgiving in the United States, currency traders still had a few statistics to sink their teeth into, on top of the turkey, of course.

Rupee hits record low on feeble foreign flows, drawing RBI to defend 90 level

The Indian rupee dropped to an all-time low on Tuesday, with sustained flow pressures and the lack of a US-India trade deal overshadowing robust domestic fundamentals, prompting the central bank to...

Japan finance minister says no divergence with BOJ on economic assessment

Japanese Finance Minister Satsuki Katayama said on Tuesday she sees no gap between the government and the Bank of Japan on their assessment of the economy, after the central bank chief voiced...

US manufacturing stuck in doldrums as tariff headwinds persist

U.S. manufacturing contracted for the ninth straight month in November, with factories facing slumping orders and higher prices for inputs as the drag from import tariffs persisted. The...

Wall St opens lower ahead of Powell speech, manufacturing data

Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the...

Euro zone factory activity contracts in November, job cuts accelerate, PMI shows

Euro zone manufacturing activity slipped back into contraction territory in November on weakening demand that forced firms to cut jobs at the quickest rate in seven months, a private survey showed. ...

BOJ to consider rate hike in December, governor says; yen, yields rise

The Bank of Japan will consider the pros and cons of raising interest rates at its next policy meeting, Governor Kazuo Ueda said on Monday, giving the strongest signal yet of a hike later this month. ...

India central bank's FX forward book swells for 2nd month, underscoring greater rupee defence

MUMBAI -The Reserve Bank of India increased its short dollar positions in the FX market by $4.2 billion in October, data showed on Friday, marking a second consecutive month of expansion and...

US equity funds see first weekly outflow in six weeks

U.S. equity funds witnessed their first weekly outflow in six weeks in the week through November 26, as concerns over lofty tech valuations prompted investors to take profits and overshadowed...

French economic growth confirmed at 0.5% in third quarter - INSEE

France's economy grew in the third quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.5% that showed resilience in the euro zone's...

Core inflation in Japan's capital brings BOJ closer to a rate hike

TOKYO -Core consumer inflation in Japan's capital stayed well above the central bank's 2% target in November as firms continued to pass on rising costs mainly for food, data showed on Friday,...

India's Q2 GDP growth likely stayed firm on strong domestic demand

NEW DELHI -India's economy likely stayed resilient in the July-September quarter, driven by consumer demand and front-loading of production and exports ahead of U.S. tariffs, though growth is...