The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady.
Japan ran its biggest single-month trade deficit on record in August as imports surged on high energy costs and a slump in the yen, exposing the economy's vulnerability to external price pressures.
New Zealand's economy rebounded sharply last quarter as a lifting of coronavirus restrictions and the return of tourists helped it dodge recession, though it may be a last hurrah for strong growth as surging interest rates steamroll demand.
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the largest storage facilities in North America and where the benchmark price for Canadian gas is set.
Expectations of a more hawkish Federal Reserve are pushing some investors to revise how much further bond yields can rise, a potentially unwelcome development for already-battered equity and fixed income markets.
Northeastern U.S. states could face disruptions to fuel supplies if rail transport shuts down in coming days due to a labor dispute, industry workers and analysts said on Wednesday.
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed draft rules to boost the resilience of the $24 trillion Treasury market, the world's largest bond market, which serves as a benchmark for dollar assets globally.
The U.S. Securities and Exchange Commission (SEC) on Wednesday unveiled draft rules to boost the use of central clearing in the $24 trillion Treasury market in a bid to boost its resilience.
Slowing economic growth is pushing up global debt levels, especially in emerging markets, the Institute of International Finance (IIF) said on Wednesday, warning of a significant rise in corporate bankruptcies ahead.
As investors weigh how much further the Bank of Canada will tighten, the level of underlying inflation is likely to be a better signpost than the central bank's much scrutinized estimate of the neutral interest rate, economists say.
U.S. producer prices fell for second straight month in August as the cost of gasoline declined further, resulting in the smallest annual increase in a year, which could allay fears of inflation becoming entrenched.
There is trouble ahead for Britain's new finance minister Kwasi Kwarteng: a marked shift in how British assets are behaving in markets points to growing unease about the economy's vulnerabilities.
U.S. stock index futures slipped on Wednesday after a sharp selloff on Wall Street in the previous session on rate hike jitters, while investors waited for more inflation data for cues on the pace of monetary policy tightening.
India's wholesale price inflation slowed in August helped by a fall in commodity prices, but double-digit price gains for the 17th month raise the chance for more rate hikes this month.
Federal Reserve officials adjourned their July 26-27 policy meeting with an unusually long eight-week break before their next gathering, sending a heavier-than-normal amount of U.S.
A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say, suggesting more pain almost everywhere else as other currencies either crumble or require rapid rate hikes to stay put.
Lower fuel prices caused an unexpected fall in British inflation in August, official figures showed on Wednesday, offering some respite to households and the Bank of England after inflation hit a 40-year high the month before.
China's ruling Communist Party sets the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down amid worsening growth prospects.
Japanese Finance Minister Shunichi Suzuki said on Wednesday currency intervention was among options the government would consider in combating sharp falls in the yen, which meanwhile fell close to a 24-year low against the dollar.
Asian shares tumbled, the dollar held firm and the U.S.
An already-murky outlook for U.S. stocks and bonds is growing darker, as sizzling inflation ratchets up expectations for how aggressively the Federal Reserve will need to raise rates.
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the near future.
Another source of potential stock market volatility looms in an already tough year for Wall Street: an approaching midterm U.S.
The Federal Reserve is expected to deliver a third straight 75-basis-point interest rate hike next week, with more increases to come, after data on Tuesday showed consumer prices in August did not ease as anticipated and price pressures appeared to broaden.
U.S. consumer prices unexpectedly rose in August and underlying inflation picked up amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.
At least 10 Indian states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials.
Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investment ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
Wall Street banks look set to report better efficiency ratios in the second half of the year, a key metric that deteriorated as global economic gloom sapped income from traditional profit centers and costs surged amid a battle for talent, analysts say.
Britain's jobless rate hit its lowest since 1974 but the drop was due mostly to a fall in the size of the workforce and there were other signs that the country's jobs boom is petering out, adding to the Bank of England's inflation headache.
Oil prices fell in volatile trade on Tuesday as investor concerns about lower demand in China, the world's biggest crude importer, and further increases in U.S.
