Analysis: Currencies

Telegram app faces further restrictions, possible fines as Russian authorities clamp down

Telegram, an important platform for public and private communications in Russia, will face further restrictions from authorities because it has failed to correct previous violations, the state...

India in talks over critical minerals deals with Brazil, Canada, France, Netherlands, sources say

India is in talks with Brazil, Canada, France and the Netherlands over deals to jointly explore, extract, process and recycle critical minerals, sources said, as it broadens its global outreach to...

Stock indexes gain with US technology shares; yen strengthens

Stock indexes rose on Monday, with U.S. technology shares leading Wall Street higher, as investors sought bargains in markets beaten down last week, while the yen strengthened following the resounding...

French central bank governor's departure unlikely to shift ECB policy course

The surprise resignation of Francois Villeroy de Galhau as French central bank governor is unlikely to change the European Central Bank's steady policy course at a time of rare unity among the euro...

NY Fed survey: January near-term expected inflation lower amid better job market views

Americans were less worried about the direction of inflation and labor market prospects as of last month, although concerns about the state of their finances continued to mount, the Federal Reserve...

Currencies: A sigh of relief

After the sharp swings seen over the past two weeks across several asset classes, investors appear to have regained their composure. As a result, the dollar is once again seeing some profit-taking and...

US Treasury's Bessent says Fed will take its time on balance sheet moves

U.S. Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has criticized...

Fed's Daly sees labor market vulnerabilities, room to cut interest rates

San Francisco Federal Reserve President Mary Daly on Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are walking a...

ECB's safety net is part of EU plan to court new allies

The ECB's plan to make it easier for foreign central banks to secure funding in euros is the latest part of Europe's emerging strategy to win trade and political friends and hold its own against the...

Dollar set for strongest week since November, yen steadies before polls

The U.S. dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen...

Canada rolls back EV regulations but boosts incentives

Canadian Prime Minister Mark Carney said on Wednesday his government was scrapping a national electric-vehicle sales mandate, while boosting incentives for EV purchases and charging. ...

Bessent says up to Trump whether Warsh might be sued over policy choices

U.S. Treasury Secretary Scott Bessent on Thursday declined to commit that the Trump administration would not sue Kevin Warsh, its nominee to lead the Federal Reserve, if he follows a monetary path...

Bank of Canada says economic restructuring will take years, tells firms to 'be bold'

Restructuring the Canadian economy to cope with U.S. tariffs, slower population growth and the rise of artificial intelligence will take years, and could be painful, Bank of Canada Governor Tiff...

In another climate retreat, Canada scraps EV sales mandate

Canadian Prime Minister Mark Carney said on Wednesday his government was scrapping a national electric vehicle mandate, marking another retreat from climate measures after previously dropping both an...

Snowstorms boost US weekly jobless claims; job openings hit more than five-year low

The number of Americans filing new applications for unemployment benefits increased more than expected last week amid winter storms, and while job openings fell to a more than five-year low in...

Warsh may struggle to lay down new rules of the road for Fed

In the 15 years since leaving the Federal Reserve, Kevin Warsh has lectured often that the ideal central bank is one with the smallest possible footprint in the economy, focused intently on...

Canadian dollar seen correcting before uptrend resumes

The Canadian dollar is expected to give back some recent gains over the coming months, but the currency could then re-establish its uptrend if the Bank of Canada shifts to raising interest rates and...

Fed's Cook says it's time to 'wait and see' on rates

Federal Reserve Governor Lisa Cook on Wednesday signaled that she will not support another interest-rate cut until she sees more proof that price pressures are receding, saying she is more concerned...

Fed's Cook says policy rate 'ever so mildly' restrictive

U.S. Federal Reserve Governor Lisa Cook on Wednesday said she feels the policy interest rate now is only mildly restrictive, and signaled she supports taking time before reducing interest rates...