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Foreign exchange

  • Monday, 7 October, 2024
    Renminbi
    Beijing tightens grip on renminbi after stimulus rally

    Stronger currency is challenging China’s exchange rate management with US election looming

    Chinese 100 renminbi banknotes are spread out, each displaying the portrait of Mao Zedong
  • Thursday, 3 October, 2024
    Pound Sterling
    Sterling slides after Bailey says BoE could be ‘a bit more aggressive’ on rates

    Bank of England governor opens door to a faster pace of rate cuts if inflationary pressures continue to ease

    The facade of the Bank of England, featuring neoclassical architecture with large columns and ornate stonework.
  • Thursday, 3 October, 2024
    Yen
    New Japanese prime minister’s dovish comments rekindle yen carry trade

    Currency falls after Ishiba says Japan’s economy is ‘not in an environment’ for further interest rate rises

    Shigeru Ishiba speaking to reporters at the entrance to the prime minister's office in Tokyo
  • Wednesday, 2 October, 2024
    Asian Infrastructure Investment Bank
    China’s ‘World Bank’ gives backing to wave of renminbi bonds

    Asian Infrastructure Investment Bank will provide guarantees and support for developing nations’ ‘panda bonds’

    Jin Liqun speaks during an interview at the bank's headquarters in Beijing, with the AIIB logo in the background
  • Friday, 27 September, 2024
    Pound Sterling
    Sterling’s rally has further to run, say Wall Street banks

    Currency’s gains against dollar and euro driven by slower pace of interest rate cuts

    A worker's hand places bundles of £20 British pound banknotes into a teal sorting machine
  • Friday, 27 September, 2024
    US Dollar
    The next carry trade to blow up?

    When corporate treasurers take an FX punt

  • Tuesday, 24 September, 2024
    Foreigners are piling into China’s free money trade. How long can it last?

    CD players

  • Friday, 20 September, 2024
    Bank of Japan
    BoJ holds interest rates and upgrades consumption outlook

    Central bank forecasts Japanese economy will keep growing at a pace above its potential growth rate

    A shopper, reflected on a mirror glass, checks food items at a supermarket in Tokyo, Japan
  • Thursday, 19 September, 2024
    Equities
    S&P 500 closes at record high after Fed makes jumbo cut to US interest rates

    Global stocks rally as investors bet that the central bank’s move will support US economic growth

    A screen displays stock information on the floor of the New York Stock Exchange
  • Thursday, 19 September, 2024
    Henry Farrell
    America should think twice before replacing sanctions with tariffs

    Donald Trump complains that they are undermining the supremacy of the dollar

    A pile of $100 bills
  • 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 Japanese yen has put downward pressure on the greenback

    US dollar notes
  • 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
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