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Foreign exchange

  • Tuesday, 17 September, 2024
    US Dollar
    US dollar trades in the doldrums as rates and data weigh on outlook

    Appreciation of other major currencies such as yen and pound has put downward pressure on the greenback

    US dollars
  • Monday, 16 September, 2024
    Yen
    Yen strengthens past ¥140 against dollar ahead of rate decisions

    Japanese currency rises as US Fed prepares to cut rates this week

    Pedestrians in central Tokyo
  • Monday, 2 September, 2024
    Markets InsightVitaliy Katsenelson
    Trump’s call for a bitcoin strategic reserve is a very bad idea

    Crypto promotion by the White House would chip away at the dollar’s reserve currency status

    Donald Trump speaks at a podium during the Bitcoin 2024 conference in Nashville, Tennessee. The podium displays the text "bitcoin 2024 NASHVILLE July 25-27, 2024". The background features the Bitcoin 2024 conference logo and the Xapo Bank logo. Trump gestures with his right hand while addressing the audience.
  • Friday, 30 August, 2024
    Turkish economy
    Turkey’s blazing stock rally falters with high rates luring savers away

    Istanbul index slides 8% as sweeping bid to rein in inflation ripples through markets

    A cashier counts 5 and 10 Turkish lira banknotes in Istanbul, Turkey
  • Thursday, 29 August, 2024
    Renminbi
    China’s international use of renminbi surges to record highs

    Closer ties with Russia bolster Beijing’s efforts to use its currency more in global trade

    Montage of renminbi notes and a chart graph
  • Tuesday, 27 August, 2024
    Markets InsightBrad Setser
    Intervention in currency markets can work

    Bank of Japan’s moves to shore up yen indicate consensus on such actions needs to be updated

    Japanese ¥10,000 banknotes
  • Tuesday, 27 August, 2024
    Pound Sterling
    Sterling hits two-year high as rate cut hopes cool

    Currency strengthens after BoE governor Andrew Bailey warns it is ‘too early to declare victory over inflation’

    Bank of England building in London
  • Tuesday, 27 August, 2024
    US Dollar
    Brace yourself for an ‘avalanche’ of dollar selling?

    ‘The dollar’s depreciation will likely be non-linear’

  • Friday, 23 August, 2024
    UnhedgedRobert Armstrong
    Gold and the dollar Premium content

    Plus Chinese government bonds

    A montage of a hand holding dollar bills
  • Friday, 23 August, 2024
    Bank of Japan
    Bank of Japan governor warns global markets are ‘unstable’

    Parliament told there will be no change to central bank’s basic stance on monetary easing

    Bank of Japan governor Kazuo Ueda, right, speaks at a microphone with raised hands in front of the House of Representatives Finance and Financial Services Committee. Japan's finance minister Shunichi Suzuki looks on, seated beside him. The meeting took place at the parliament in Tokyo on August 23. Several other individuals are visible in the background, listening attentively.
  • Thursday, 22 August, 2024
    UK economy
    Sterling rises after UK business activity grows more than expected

    Data for August points to solid economic growth in summer after strong rebound in first six months of 2024

    An employee works on the wheel arch of an Aston Martin DBX sport utility vehicle in the final inspection area at the Aston Martin Lagonda Global Holdings factory in St Athan, UK. The employee is dressed in a white coverall and is focused on the vehicle, with a spray can labeled ‘Satin Black’ on the floor beside them
  • Tuesday, 20 August, 2024
    Markets
    Dollar hits year’s low as traders prepare for rate cuts

    Greenback slides against euro and yen after market sell-off fades

    Pile of US banknotes
  • Monday, 19 August, 2024
    Currencies
    The yenmageddon short squeeze

    Barf bags ready

  • Friday, 16 August, 2024
    Equities
    Asian stocks rally as fears of US recession recede

    Regional indices follow Wall Street higher with Japan’s benchmark Topix rising 3%

    A picture of a globe with stocks going up
  • Friday, 9 August, 2024
    Unhedged
    Barry Eichengreen: ‘The Fed is operating in a fog of uncertainty’ Premium content

    And why weakening the dollar is a bad idea

    Barry Eichengreen
  • Thursday, 8 August, 2024
    Gillian Tett
    Market gyrations reflect fears about the unwinding of QE

    The yen carry trade is a symptom not a cause of investor anxiety

    Illustration of a red herring with dollar coins instead of scales
  • Wednesday, 7 August, 2024
    Yen
    Unwinding of yen ‘carry trade’ still threatens markets, say analysts

    Resurgent Japanese currency forces speculators to shut down years’ worth of bets that could run into billions of dollars

    Pedestrians walking in front of the The Bank of Japan headquarters in Tokyo, Japan
  • Wednesday, 7 August, 2024
    Markets volatility
    Carry trades in requiem

    It’s over. Maybe

  • Tuesday, 6 August, 2024
    Markets volatility
    Wall Street stages partial rebound after Japanese stocks surge

    Tokyo equities jump 9% following Monday’s global rout but US and European recoveries were more muted

    A man walks in front of an electronic board displaying the Nikkei 225 level and the foreign exchange rate for the yen against the US dollar on August 6 2024
  • Thursday, 1 August, 2024
    LexToyota Motor Corp
    Toyota’s yen downdraft shows challenges for Japan’s exporters Premium content

    Earnings uplift from weak currency might not last much longer

    A Lexus charging port for an EV car is seen at the Canadian International Auto Show in Toronto
  • Thursday, 1 August, 2024
    Asia-Pacific equities
    Japanese stocks fall as investors fear effects of stronger yen

    Bank of Japan’s interest rate increase catches Tokyo market by surprise

    A person walks past an electronic screen displaying a graph of the Nikkei 225 index showing the price falling outside a brokerage in Tokyo
  • Thursday, 1 August, 2024
    Leo Lewis
    The yen is everything to Japan’s economy

    Tacit acknowledgment of this by the country’s central bank signals a shift to more honest thinking

    María Hergueta illustration of a person standing under a temple gate with pillars  in the shape of the Japanese yen
  • Wednesday, 31 July, 2024
    Bank of Japan
    Bank of Japan raises interest rates to 0.25%

    Japanese central bank plans to halve monthly bond purchases as it tightens monetary policy

    The Japanese flag at the Bank of Japan in Tokyo
  • Monday, 29 July, 2024
    Ethiopia
    Ethiopia floats currency as it seeks to secure IMF deal

    Foreign exchange reform will remove market distortions but some analysts fear it will stoke inflation

    A vendor counts out Ethiopian birr banknotes at the Shola market in Addis Ababa, Ethiopia
  • Saturday, 27 July, 2024
    Yen
    Yen rebound ripples across global markets

    Traders braced for further volatility in currency ahead of knife-edge Bank of Japan meeting

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