Emerging markets gain as U.S. dollar weakens

Brazil’s President Luiz Inacio Lula da Silva speaks to the media at the BRICS Summit in Rio de Janeiro, Brazil July 7, 2025. REUTERS/Ricardo Moraes Ricardo Moraes | Reuters Emerging markets are likely to see a surge in investor money as they seek new opportunities after the U.S. Treasury’s bond buyback plans weakened the dollar,…

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Debasement trade returns amid government debt alarm

A photo illustration showing a gold necklace, silver coins and visual representations of bitcoin placed on top of different currencies. Yuriko Nakao | Getty Images The debasement trade is gaining new traction on Wall Street as concern over the size and cost of the budget deficit mounts. The conventional wisdom behind the trade is that…

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Ottawa and Washington head for all-out trade war

Roberto Machado Noa | Lightrocket | Getty Images The Canadian dollar fell on Monday morning after trade talks between Ottawa and Washington fell apart, leaving both sides facing higher prices on a wide array of imported goods. The U.S. on Saturday slapped 50% tariffs on around $20 billion worth of imports from Canada, its second-biggest…

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why the U.S.-Japan intervention not working

The yen gained on Wednesday following a rally in Japan’s equities and bets on more fiscally responsible policies after Prime Minister Takaichi’s election win. Yevgen Romanenko | Moment | Getty Images The Japanese yen has erased about half the gains from a historic U.S.-Japan intervention less than two weeks ago, as the fundamental forces that…

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impact on global currency markets

The Japan flag juxtaposed against a Japanese yen bank note. Javier Ghersi | Moment | Getty Images The unprecedented U.S.-Japan intervention to support the yen may end up shaping market behavior.  Japan has intervened in currency markets before, but this episode was bigger than usual. It was backed by Washington, reportedly executed using the euro-yen…

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