Analysis: Currencies

Fed to cut rates slightly this year, CBO forecasts

The Federal Reserve will likely cut rates a little more to address downside risks to the labor market and then stop there, the Congressional Budget Office forecast on Thursday, with higher tariffs and...

Brazil full audit court to decide on inspection of documents in Banco Master liquidation

A judge on Brazil's federal audit court on Thursday agreed to a request from the central bank to submit for a plenary decision on whether the court should inspect central bank documents related to...

US December jobless rate likely at 4.6%, Chicago Fed says

The U.S. unemployment rate was unchanged at 4.6% in December, the Chicago Federal Reserve estimated on Thursday, a figure that suggests the labor market remained stuck in a low-hire, low-fire mode and...

Toronto home sales fall for a third straight month on economic uncertainty

Greater Toronto Area home sales fell for a third straight month in December and prices declined as economic uncertainty kept homebuyers on the sidelines, Toronto Regional Real Estate Board data showed...

Currencies: Don't panic

With 2025 barely over, 2026 is getting off to a flying start as the US takes control of Venezuela. This new world order does not appear to shock the financial markets in any particular way, however,...

Trading Day: No pain, plenty gAIn for world stocks

The S&P 500 and many stock indexes around the world clocked fresh highs on Tuesday, propelled by optimism around AI, while copper prices also hit fresh records, as investors brace for a flurry of U.S....

US tariffs that are at risk of court-ordered refunds exceed $133.5 billion

President Donald Trump's administration faces the possibility of having to refund more than $133.5 billion in tariffs to importers if the U.S. Supreme Court declares unlawful the duties he has imposed...

Dollar gains against peers with investors eyeing upcoming data

The U.S. dollar gained against major peers on Tuesday, with the euro trading down following softer inflation data in Europe, but moves were fairly muted with investors focused on how upcoming data...

Fed's Barkin says U.S. facing risks to both central bank mandates

Further U.S. Federal Reserve interest rate changes will need to be finely tuned to incoming data given risks to both the Fed's unemployment and inflation goals, Richmond Fed president Tom Barkin said...

Dollar pressured as Venezuela fear gives way to optimism

The U.S. dollar ticked lower for a second day against major peers on Tuesday, as market jitters from U.S. military action in Venezuela eased and stocks rallied around the world, helped by dovish...

Digital bank PicPay files for US IPO

Brazilian digital bank PicPay filed for an initial public offering in the United States on Monday. The U.S. IPO market regained momentum in 2025, but hopes for a stronger rebound were...

Brazil judge considers blocking asset sales in Banco Master case

A judge at Brazil's federal audit court TCU said on Monday that he may consider measures to prevent the sale of assets during the liquidation of Banco Master, a mid-sized lender shut down by the...

Tariffs may lower inflation, SF Fed research suggests

The sharp increase in tariffs imposed last year by the Trump administration may reduce inflation rather than increase it, according to research published Monday by the San Francisco Federal Reserve...

US factory sector contracts for 10th straight month in December

U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald...

Dollar retreats with markets focused on US data, shrugging off Venezuela

The dollar retreated from a near four-week high against major currencies on Monday as traders turned their focus to a raft of key U.S. economic data this week for clues on the monetary policy...

Dollar gains as traders look past Venezuela to flurry of US data

The dollar started the first full trading week of 2026 by climbing to multi-week highs against a range of currencies after a weak December, with the main focus on this week's raft of key economic...

Bank of Japan chief vows to keep raising interest rates

Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if economic and price developments move in line with its forecasts. Japan's...

Dollar firms as traders look past Venezuela to flurry of US data

The dollar started the first full trading week of the New Year on the front foot, rising to a 3-1/2-week peak versus the euro and a two-week high against the yen. Currency traders...

Dollar firmer as Venezuela raid hangs over sentiment

The dollar started the first full trading week of the new year on the front foot, rising to a 3-1/2-week high versus the euro and gaining against sterling. Currency moves have so far...