Foreign institutions from Europe to the Asia-Pacific and the Americas have boosted the proportion of dollar funding they do in their home countries rather than through U.S.-based branches and subsidiaries, according to a paper from the Bank of International Settlements released as part of its quarterly
Data out of the euro area on Friday offered fresh ammunition to euro bears after European Central Bank President Mario Draghi noted the balance of risks is moving to the downside. The common currency may remain under pressure in the medium-term, heading toward important technical support at $1.1187.
Neither currency has made much headway against the other this year as the U.K.’s troubles tied to its impending exit from the European Union were offset by political uncertainty on the continent. OppenheimerFunds Inc. expects the shared currency will be weighed down by a slowing euro-zone economy, while
The Canadian dollar lost ground against its broadly stronger U.S. counterpart on Friday as investors worried about signs of slower global growth and braced for a potential interest rate hike next week from the Federal Reserve. "It has been a risk-off day for sure and that ties into the weaker-than-expected
Canada's main stock index ended another losing week with the market closing at a two-year low Friday on concerns about a slowing Chinese economy that drove oil and natural gas prices lower. Metal prices also fell over demand concerns.
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Germany's private-sector expansion slowed to a four-year low, meanwhile, suggesting
Governing Council members from across the bloc held public appearances on Friday, a day after the Frankfurt-based institution halted its 2.6 trillion-euro ($2.9 trillion) bond-buying program despite a slowing economy.
The dollar firmed against most major counterparts on Friday, as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year's policy outlook. The greenback found broad support as the euro and pound came under
Canada's main stock index closed lower Thursday despite a surge in the price of crude oil. Markets were "whipsawed" in a volatile trading session that saw initial optimism about the trade dispute between the U.S. and Chinese falter later in the day as the Trump administration said China
The euro held steady against the dollar on Thursday after the European Central Bank, as expected, halted new bond purchases and promised to maintain policy support for the euro zone due to risks from trade tensions, Brexit and budget woes in Italy and France. Sterling edged higher following UK Prime
The ECB president is expected to stick to the plan made six months ago to end bond purchases at 2.6 trillion euros ($3 trillion), arguing that the euro area’s fundamentals are still sound enough to support the buildup of inflation. More than four years after the U.S. Federal Reserve ended its program
Norges Bank said that the “outlook and the balance of risks imply a gradual interest rate increase in the years ahead,” in a statement. Norway, which is Scandinavia’s richest economy and western Europe’s biggest oil exporter, has moved away from record-low rates faster than central banks in Sweden and
The Thai currency has declined 0.3 percent to 32.672 against the dollar this year as of 1:11 p.m. in Bangkok, the best performance among 22 major developing-economy currencies tracked by Bloomberg. Key InsightsThailand has posted current-account surpluses every month since the end of September 2014.
Starting with the world’s lowest interest rate from the Swiss National Bank, and then later, the region’s two highest central bank benchmarks in Ukraine and Turkey, officials setting the cost of borrowing are likely to focus on the shape of policy in 2019 against a backdrop of shaky global growth. Political
The pound rallied on Wednesday, rebounding from a 20-month low, as British Prime Minister Theresa May survived a no-confidence vote on her leadership that will allow her to press ahead with an attempt to salvage her deal for Britain to exit the European Union. The euro rose against the dollar, meanwhile
Stock markets got a boost after U.S. President Donald Trump said trade talks were progressing and said he would intervene in the case against China's Huawei Technologies if it helped to reach a trade deal. "The trade issue is definitely the number one thing affecting the markets right now,&
The S&P 500 rose 0.5 percent after an afternoon slump that pared its gain by more than half. All rallies are suspect,” said Michael Antonelli, the managing director at Robert W. Baird & Co. The early gains came as signs emerged that trade tensions would ease, first after the arrested Huawei executive
The Canadian dollar strengthened against its U.S. counterpart on Wednesday as the greenback broadly declined, and as stocks got a boost from optimism over trade negotiations between the United States and China. The U.S. dollar (.DXY) declined against a basket of major currencies as expectations that