Analysis: Currencies

Currencies: That's Life

The two main events of last week were the jobs report, followed by US inflation data. While the former triggered some profit-taking, the latter was welcomed by investors. Let's take a quick look at...

Dire year for dollar has little light at end of tunnel in 2026

A dismal year for the U.S. dollar is ending with signs of stabilization, but many investors believe the currency's decline will resume next year as global growth picks up and the Fed eases further. ...

Japan's yen gains on intervention signals, softer US dollar

The yen firmed against the U.S. dollar on Monday after Japanese officials warned against one-sided and sharp currency moves, signaling readiness to take appropriate action in what analysts viewed as a...

Yen wallows near record lows on cautious BOJ stance despite intervention warnings

The yen languished near record lows to the euro and Swiss franc on Monday as the lack of hawkish signals from the Bank of Japan emboldened traders, even as Japanese officials stepped up warnings...

Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike

The yen languished near a record low to the euro on Monday, after Bank of Japan Governor Kazuo Ueda stuck to his usual cautious rhetoric following an interest rate hike on Friday. The...

Currencies: Political Dissent

At first glance, the US Federal Reserve did the job expected of it, but a closer reading still reveals real dissension within the institution that cannot be kept quiet.

Japan's core inflation steady in November, stays above BOJ target

Japan's core consumer prices rose ?3.0% ?in November from a year earlier, data showed on Friday, staying above the central bank's 2% target for the 44th straight month. The outcome...

Finalists for top Fed job want to cut rates, but diverge from there

The four candidates interviewed by President Donald Trump as finalists to replace Federal Reserve Chair Jerome Powell in May share a desire to cut interest rates, but diverge on other aspects of...

Canadian dollar edges higher ahead of retail sales data 

The Canadian dollar strengthened against its U.S. counterpart on Thursday but the move was limited ahead of domestic retail sales data and after Canadian Prime Minister Mark Carney played down the...

US weekly jobless claims fall as seasonal volatility persists

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's surge and suggesting labor market conditions remained stable in December. ...

TEXT-Statement from the ECB following policy meeting

Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. ...

US consumer prices likely posted largest annual increase in 1-1/2 years in November

U.S. consumer prices likely increased by the most in 1-1/2 years in the year to November, economists predicted, which would underscore the worsening affordability challenges confronting Americans that...

ECB upgrades growth outlook, closing door to more cuts

The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing...

US Fed terminates Citi notices that demanded bank improve risk controls, sources say

The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant...

Ahead of Trump meeting, Waller says he 'absolutely' would defend Fed independence

Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he...

Trump administration asks Fed to clarify CFPB funding availability

The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said...

Waller says Fed policy still in restrictive territory, sees room to cut rates

Federal Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. I still think we're probably,...

Finance chiefs see US prices rising next year, tariffs still a top concern

U.S. corporate finance chiefs continue to cite tariffs as a top concern and on average see prices rising more than 4% next year, according to a survey released on Wednesday that may add to Federal...

Canadian dollar extends recent gains as US labor market cools

The Canadian dollar strengthened to a near three-month high against its U.S. counterpart on Tuesday after mixed U.S. jobs data that could strengthen the case for a divergence in policy between...