EF: MARKETS-MACROMATURES

Japan’s suspected FX intervention fails to stem yen slide

Yen volatile as Tokyo suspects intervention for 2nd day FX officials remain tight-lipped on intervention Policymakers maintain warning against excessive FX volatility BOJ Kuroda repeats must maintain ultra-low rates TOKYO, Oct 24 (Reuters) – Japanese policymakers continued efforts to rein in the yen’s sharp decline on Monday, including through two consecutive market days of suspected …

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Japan’s inflation hits 8-year high in test of BOJ’s dovish policy

September core CPI rises 3.0% yr, in line with forecast Core consumer inflation remains above BOJ target for 6th month Data point to widening inflationary pressures BOJ keeps interest rates ultra-low on fragile economy TOKYO, Oct 21 (Reuters) – Japan’s core consumer inflation rate accelerated to a new eight-year high of 3.0% in September, challenging …

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Japan spent record of nearly $20.0 bln on intervention to support the yen

Intervention drains nearly 15% of readily available funds Japan may avoid selling US Treasuries for now – analysts Impact of additional intervention could diminish – analysts TOKYO, Sept 30 (Reuters) – Japan spent a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, officials revealed …

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Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in …

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Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen Bank of Canada says it didn’t help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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Europe heading for recession as cost of living crisis deepens

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly heading into recession, with surveys on Monday showing a deepening cost of living crisis and a bleak outlook that is causing consumers to be wary of spending. Although there has been some easing in price …

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China cuts lending benchmarks to revive faltering economy

FILE PHOTO: Employees work on the vehicle component production line during a government-organized media tour at a factory of German engineering group Voith, following the outbreak of the coronavirus disease (COVID -19), in Shanghai, China July 21, 2022. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 22 (Reuters) – China …

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Workers at UK’s biggest container port Felixstowe due to begin 8-day strike

A view shows shipping containers stacked at the port of Felixstowe, Britain, October 13, 2021. Photo taken with a drone. REUTERS/Hannah McKay Join now for FREE unlimited access to Reuters.com Register LONDON, Aug 21 (Reuters) – More than 1,900 workers at Britain’s biggest container port are due to begin an eight-day strike on Sunday which …

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