Currencies

Analysis-Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a...

Indonesian rupiah, South Korean won lead Asian FX higher

The following table shows rates for Asian currencies against the dollar at 0210 GMT. Currency Latest Previou Pct bid s day Move Japan 146.620 146.57 -0.03 ...

Currencies: Dollar limps along, European currencies rally

Over the past week, the dollar has weakened significantly, benefiting not only commodity currencies but also the main European currencies, led by the euro and sterling.

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

MORNING BID AMERICAS-Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the...

Swedish central bank seen cutting rates this week, more to come by year end

Sweden's central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then twice more before the end of the year as inflation pressures continue to ease, a...

Russian pork producers target EU's share of China's pork market

Russian pork producers are aiming to capture 10% of China's pork import market in the coming years from a standing start, seeking to take advantage of trade tensions between the European Union and...

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

Is the yuan carry trade dangerous for the markets?

Since investors painfully relearned that accelerated unwinding of yen carry trades can cause market turmoil, they've been keeping a close eye on other such operations, particularly those involving the...

What is the Chinese yuan carry trade and how is it different from the yen's?

A global markets sell-off spurred by an unwinding of yen-funded carry trades has turned the spotlight on China's yuan, which is also used widely as a cheap funding currency. While August...

Dollar tenses for data verdict on rate cut risks

The dollar was in limbo on Tuesday as investors waited to see how U.S. economic data affected the chance of outsized rate cuts, while a rally in Japanese stocks helped staunch the bleeding in yen...

Analysis-Investors expect market selloff will slow, stretch and spread

This week's huge selloff in global markets, triggered by an unwinding of yen-funded trades, is far from over and could eventually spread to credit markets, impair some banks and possibly hurt the U.S....

Worst of market selloff might be over but hold on tight, Goldman says

After a turbulent week in global markets, the worst of the selloff might be over but investors need to keep the reins tight on big directional bets for now, Goldman Sachs global head of hedge fund...

Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies

Analysts have turned bullish on most major Asian currencies for the first time in more than a year, bolstered by rising bets of interest rate cuts by the Federal Reserve and an unwinding of yen-funded...

Why the yen-funded carry trade is 'no longer as attractive'

STORY: Monday's sell-off was exacerbated by investors winding down yen-funded trades that had been used to finance the acquisition of stocks for years after a surprise Bank of Japan rate hike last...

Unwind of massive yen-funded carry has room to go, analysts say

NEW YORK, Aug 6 - An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on...

But what's going on?

It had been a promising summer, with falling inflation and the prospect of the US Federal Reserve lowering the cost of borrowing for the first time. But then, lo and behold, recessionary fears reared...

Dollar poised for comeback, recent weakness just a hiccup

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in too many Federal Reserve interest rate...

Global market rout has more to do with end of cheap funding than US economy

A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the U.S. economic outlook,...