Currencies

Fed policymakers judged 'ample' levels of reserves warranted bill-buying, minutes show

The Federal Reserve's decision earlier this month to start buying short-dated government bonds came after a recommendation from staff to do so and a judgment by policymakers that the level of reserves...

Fed officials showed deep divisions at December meeting, minutes show

The U.S. Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the U.S. economy right now, according to minutes of the latest...

Trump administration must fund US consumer finance watchdog, judge says

A federal judge on Tuesday rejected a claim by President Donald Trump's administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau, noting that a...

US bonds shined in 2025 but returns could lose altitude next year

U.S. bond investors may face a tougher 2026, with some market-watchers forecasting slower returns as the Federal Reserve dials back rate cuts and potential fiscal stimulus complicates the outlook...

Final Fed minutes of 2025 to shed light on policy divisions

Minutes of the Federal Reserve's December 9-10 policy meeting are expected on Tuesday to shed fresh light on disagreements among policymakers over a decision to reduce short-term rates a third...

Banks tap Fed liquidity tool amid year-end pressures

A key Federal Reserve overnight liquidity facility saw increased use on Monday, data from the New York Fed showed. The U.S. central bank lent a total of $25.95 billion on Monday to...

DAX Barely Moves as Ukraine Talks Weigh on Defense Stocks

On the penultimate trading day of the year, investors on the Frankfurt Stock Exchange are avoiding major risks. The DAX opened slightly higher on Monday, trading at 24,370.94 points. ...

S&P 500 eyes 7,000 mark as investors look for upbeat end to strong 2025

Investors are looking for the U.S. stock market to end 2025 on a high note next week, with equities at record peaks and nearing further bullish milestones to close out another strong year. ...

US weekly jobless claims fall, but more people collecting unemployment checks

The number of Americans filing new applications for jobless benefits unexpectedly fell last week, consistent with a low level of layoffs, but the unemployment rate likely remained high in December...

US weekly jobless claims unexpectedly fall

The number of Americans filing new applications for jobless benefits unexpectedly fell last week, but the unemployment rate likely remained high in December amid sluggish hiring. Initial...

Bank of Canada can't tell if next rate move will be a hike or a cut, say minutes

Ahead of the Bank of Canada's rates decision on December 10, Governing Council agreed it was hard to predict whether its next move would be a hike or cut, according to minutes of the meeting released...

Robust consumer spending, rising exports fuel US economic growth in third quarter

The U.S. economy grew at its fastest pace in two years in the third quarter, fueled by robust consumer spending and a sharp rebound in exports, though momentum appears to have faded amid the rising...

Canadian economy posts big October drop, partial recovery seen in November

Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday. ...

Yen strengthens amid intervention threat, traders await US data

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene while traders awaited U.S. GDP data. ...

Yen strengthens in thin trade amid intervention threat

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene, as the Japanese currency hovered near recent...

Frail yen whipped around as intervention threat swirls

The yen perked up amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalled Tokyo's readiness to intervene as the Japanese currency hovered near recent lows...

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...