• Aug 23, 2024

FX Market’s Biggest Short Bet Squeezed by Canadian Dollar Rally

(Bloomberg) -- Traders are mostly sticking to their near-record wagers against the loonie, betting that a rapidly slowing Canadian economy and a dovish central bank will deepen the currency’s 2024 decline. Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkUK Transport Min

  • Aug 23, 2024

Major Central Banks Now Aligned as Powell Signals Fed Cuts Ahead

(Bloomberg) -- Officials from three of the world’s major central banks on Friday signaled they are firmly on course to lower — or continue lowering — interest rates in the coming months, marking the beginning of the end for an era of high borrowing costs as the global economy slips out of the grip of post-Covid inflation.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Co

  • Aug 23, 2024

Bond Traders Are Vindicated as Powell Sets Up September Fed Cut

(Bloomberg) -- Bond investors’ big bet on US Treasuries is paying off after Federal Reserve Chair Jerome Powell cemented expectations for an interest-rate cut next month.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkUK Transport Minister Clears Path for More 20mph Spe