Analysis: Currencies

Fed's Hammack still focused on inflation, calls for caution in easing policy

The Federal Reserve needs to be very cautious in removing restrictive monetary policy with inflation still above the central bank's 2% target and remaining persistent, Cleveland Fed President Beth...

Ukrainian Railways plans freight tariff increase to tackle debt

KYIV -State-owned Ukrainian Railways has prepared a recovery plan that includes raising freight tariffs to help control its debt amid intensified Russian attacks and falling cargo deliveries, CEO...

Miran defends low-rate view as colleagues caution on further cuts

WASHINGTON -New Federal Reserve Governor Stephen Miran said on Monday that the Fed is misreading how tight it has set monetary policy and will put the job market at risk without aggressive rate cuts,...

Currencies: End of the dollar's decline

I admit that this catchy headline is a tad pretentious. However, it simply reflects the chart pattern of the dollar index since 2022, which only needed a helping hand to materialize - in the form of...

Fed's Musalem says limited room for further rate cuts

WASHINGTON -St. Louis Federal Reserve President Alberto Musalem said on Monday he supported the rate cut at last week's Fed meeting as a precautionary move to protect the job market, but said there...

US ready to support Argentina with 'large and forceful' action, Treasury chief says

WASHINGTON -U.S. Treasury Secretary Scott Bessent on Monday said that all options were on the table for stabilizing Argentina, including swap lines and direct currency purchases, while underscoring...

India's trade minister to visit US on September 22 for talks

India's Trade Minister Piyush Goyal will visit Washington on September 22 to accelerate talks on a long-pending trade deal, following recent progress in negotiations resumed last week. ...

Brazil leather price slumps, challenging $1.25 billion export industry

Brazilian leather prices have fallen sharply over the last decade or so, threatening jobs and weakening the national industry against global competitors, according to data compiled by Durli Leathers,...

Global equity funds see a surge in weekly outflows

Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve...

Central bank bonanza

Check out what ROI Editor-in-Charge Anna Szymanski and the rest of the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning...

Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

President Donald Trump's administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook - a move without precedent since the central...

US weekly jobless claims reverse prior surge, labor market still softening

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump, but the labor market has softened as both the demand for and supply of...

BOJ may raise rates in October even if Takaichi wins leadership race, says ex-central bank official

TOKYO -The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling party's leadership race and becomes the next premier,...

Fed's Powell explains how central bank moderate rates mandate works

Federal Reserve Chair Jerome Powell on Wednesday explained why the three missions Congress imposed on the central bank add up to two in real-world conditions. Powell, speaking at a...

Fed lowers interest rates, signals more cuts ahead; Miran dissents

The Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday for the first time since December and indicated more cuts would follow to halt any slide in a labor...

US single-family housing starts near 2-1/2-year lows as inventory bloat weighs

U.S. single-family homebuilding plunged to a near 2-1/2-year low in August amid a glut of unsold new houses, suggesting the housing market could remain an economic headwind this quarter.   ...

Bank of Canada cuts benchmark interest rate by 25 basis points

TORONTO -The Bank of Canada on Wednesday lowered its benchmark interest rate by 25 basis points to 2.5%, its first cut in six months. MARKET REACTION: [CAD/] LINK:  ...

Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise

The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, and said it would be ready to cut again if risks to the economy increased in...

FULL TEXT- Bank of Canada cuts rates to 2.50%

The Bank of Canada released the following statement on Wednesday: The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at...