Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Germany's 2-year bond yield increased on Friday, stabilizing after a sharp drop to its lowest point since mid-April. The preceding rally was driven by cooling economic data and shifting expectations for central bank policy in both Europe and the U.S.
The U.S. dollar pulled back from a recent 13-month peak after employment data came in softer than anticipated, reducing expectations for further interest rate hikes from the Federal Reserve. The move allowed the euro to post weekly gains and provided some relief for other major currencies.
The Canadian dollar climbed to its highest level in 10 days against the U.S. dollar, supported by a weaker-than-expected U.S. employment report and positive domestic manufacturing data. The U.S. data has led to reduced expectations for a near-term interest rate hike from the Federal Reserve.
The South African rand gained over 1% against the U.S. dollar on Thursday, following the release of American employment data that fell significantly short of market expectations.
The British pound advanced against a broadly weaker U.S. dollar on Friday following the release of a U.S. jobs report that came in below expectations. The data has reinforced market speculation that the Federal Reserve may be finished with its interest rate-hiking cycle.
The British pound was stable against the U.S. dollar on Monday, as the American currency gained strength on expectations of a hawkish Federal Reserve, despite recent weak jobs data. Investors are looking ahead to the release of the Fed's latest meeting minutes on Wednesday.
South Korea has extended trading hours for the won-dollar market to operate nearly 24 hours a day. The reform is a major step in the country's effort to improve foreign investor access and secure an upgrade to developed-market status in global equity indexes.
U.S. Treasury yields fell on Monday as investors reacted to a much weaker-than-expected June jobs report, increasing speculation about the future path of interest rates. Market attention is now turning to the upcoming release of the Federal Reserve's policy meeting minutes.
Taiwan's central bank has confirmed it intervened in the foreign exchange market in June, a move that contributed to a decline in the country's foreign exchange reserves to $597.15 billion.
