Former US President Donald Trump arrives during a “Get Out The Vote” rally in Greensboro, North Carolina, US, on Saturday, March 2, 2024. Bloomberg | Bloomberg | Getty Images Donald Trump’s U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. It is … Read more
The street leading to Zytglogge (Clock Tower) in Bern, Switzerland. Urbazon | Istock | Getty Images Switzerland could be at risk of slipping into deflationary territory next year, as a stronger Swiss franc beleaguers policymakers’ efforts to get a handle on price growth. The Swiss National Bank cut interest rates for the third time this … Read more
A man walks in front of an electronic quotation boards displaying the share price on the Tokyo Stock Exchange (L) and the foreign exchange rate for the Japanese yen against the US dollar (R) in Tokyo on August 6, 2024. Kazuhiro Nogi | Afp | Getty Images It’s too early to give the all-clear to … Read more
A person holds some of the newly released banknotes, featuring the King’s portrait, outside the Bank of England, London. Lucy North – Pa Images | Pa Images | Getty Images LONDON — Auctions of King Charles III bank notes with low serial numbers have raised £914,127 ($1.17 million) for charity, according to the Bank of … Read more
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it’s not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday. A combination of Japanese monetary policy turning hawkish, geopolitical tensions in the Middle East and disappointing … Read more
Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024. Richard A. Brooks | Afp | Getty Images Rapid interest rate cuts from the Federal Reserve could make matters worse for the global “carry trade” unwind, according to economists at TS Lombard. The warning comes as market participants seek to aggressively … Read more
A pedestrian walks past a display board showing the morning numbers on the Tokyo Stock Exchange along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images A rapid unloading of “carry trades” extended on Monday, with market participants seeking to roll back on the popular strategy amid a … Read more
LONDON — With sterling as one of the best performing major currencies so far this year, analysts at various investment banks believe that the British pound still has more room to run, despite the Bank of England likely cutting interest rates in the near term. In a recent research note, experts at Goldman Sachs were … Read more
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start to circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Images Japanese authorities spent 5.53 trillion yen, or $36.8 billion, to shore up the yen in … Read more
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to … Read more
