What the Bank of Japan’s policy tweak means for markets
The BoJ's move should lead to upward pressure on global government-bond yields and an appreciating yen, while hurting the appeal of Treasurys, analysts said.
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Currencies News
Bolivia is the latest South American nation to use China’s yuan for trade in challenge to U.S. dollar
Bolivia is now using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese currency in a small but growing challenge to the hegemony of the U.S. dollar for inte...
Former Fed official Clarida backs another interest-rate hike this year
Richard Clarida, former vice-chair of the Federal Reserve, says he thinks another interest-rate hike this year is appropriate.
U.S. trade deficit in goods narrows slightly in June
The U.S. international trade deficit in goods narrowed 4.4% to $87.8 billion in June, according to the Commerce Department’s advanced estimate released Thursday.
European Central Bank lifts interest rates by 25 basis points, says next move depends on data
The European Central Bank on Thursday delivered a widely expected rate hike, saying inflation remains too high.
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U.S. bank lending falls slightly in latest week
Commercial and industrial lending fell slightly in the latest week, according to Federal Reserve data released Friday.
Bernanke says it is clear Fed will hike interest rates next week, but a September move is ‘up for grabs’
Former Fed Chairman Ben Bernanke said Thursday that he expects another 25 basis point rate hike in July but another move in September is 'up for grabs.'
‘Dollar smile’ theory says the currency will weaken further, but some believe the framework could use an update
A widely used framework that has proved successful at anticipating cycles of U.S. dollar strength and weakness suggests the world's reserve currency will likely weaken further.
U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns
The slide in the U.S. dollar in the last eight months could mean that mean all of its gains in the wake of the coronavirus pandemic will soon be lost, according to Kit Juckes, a macro strategist at Société Générale who has...
U.S. manufacturing sector is in a ‘sorry state’
U.S. industrial production fell 0.5% in June, with most major market groups reporting declines, the Federal Reserve reported Tuesday.
New York Fed’s Empire State factory gauge dips but stays positive in July
The New York Fed’s Empire State business conditions index fell 5.5 points in July to 1.1, the regional Fed bank said Monday.
U.S. bank lending holds steady in latest week
Commercial and industrial loans held steady in the week ending July 14, the Federal Reserve said Friday.
Deutsche Bank currency guru says it’s ‘time to sell the dollar’ as greenback sees longest losing streak since 2021
George Saravelos, global co-head of FX research at Deutsche Bank, said in a note to clients shared with MarketWatch on Thursday that he's once again betting that the dollar will weaken against the euro, as well as the Japa...
The market has $11 trillion worth of ‘Magnificent 7’ questions. Bank of America has the answers.
Can the market keep rallying without more support from the $11 trillion Magnificent Seven? And what should investors do about it?
Fed’s Waller, unimpressed by inflation data, calls for two more rate hikes this year
Fed. Gov. Christopher Waller on Thursday backed two more rate hikes despite the good inflation data this week.
U.S. budget deficit widens to $227.8 billion in June
The U.S. federal budget deficit widened sharply to $227.7 billion in June, up from $88.8 billion in the same month last year.
St. Louis Fed’s Bullard says he has stepped down from his post and will leave the bank in August
St. Louis Federal Reserve Bank President James Bullard announced Thursday that he has stepped down from his post and will leave the central bank in August.
U.S. dollar on pace for sixth consecutive day of decline as inflation cools
The U.S. dollar fell further Thursday after data shows U.S. wholesale inflation cooling more than expected in June.
Fed’s Daly says it is ‘too early to declare victory on inflation’
San Francisco Fed President Mary Daly said Thursday that it is too soon to declare victory on inflation despite the good new in the June readings.
