Analysis: Currencies

US import prices barely rise in November

U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures...

BOJ to skip rate hike in December, majority of economists say

The Bank of Japan will hold interest rates at 0.25% at its December policy meeting as it assesses overseas risks and next year's wage outlook, a majority of economists said in a Reuters poll, in a...

BOJ's rate hike plans clouded by small firms' wage woes

Japan's small firms are spending far more of their profits on wages than their bigger counterparts and could struggle to keep hiking pay, casting doubt on whether wage gains could broaden enough for...

Trump trade adviser warns against currency manipulation as China mulls weaker yuan

A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look fondly on any attempt by China to manipulate its currency, responding to a...

US producer price increase exceeds expectations in November

U.S. producer prices rose more than expected in November amid a surge in the cost of food, but a moderation in the prices of services offered hope that the disinflationary trend remains in place. ...

US consumer prices post largest gain in seven months in November

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from cutting interest rates for a third time next week against the...

Bank of Canada likely to reduce interest rate by 50bps

The Bank of Canada is poised to cut its key policy rate by another 50 basis points on Wednesday as weak unemployment numbers and poor growth underscore an economy that needs support, economists and...

Weaker Chinese yuan talk raises spectre of FX race to the bottom

High-level discussions in China about allowing its currency to weaken next year underscore the risk for investors and companies that big foreign exchange moves are coming as U.S. tariffs shift global...

Exclusive-Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say

China's top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States. ...

Priced for perfection into CPI

A look at the day ahead in European and global markets from Tom Westbrook Markets head into the release of U.S. inflation figures expecting they won't get in the way of an interest rate...

Japan manufacturers' mood turns negative for the first time in 10 months- Reuters poll

Japanese manufacturers' business sentiment soured further in December amid worries over U.S. protectionist policies and the Chinese economy, with pessimists outnumbering optimists for the first time...

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising...

US third-quarter unit labor costs revised sharply lower

U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. ...

Dollar reasserts strength, China fillip fades

A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest...

Canada's government to release annual fall economic statement on Dec. 16

The Canadian government will present its annual fall economic statement on Dec. 16, the finance ministry said on Monday. The mid-fiscal year mini-budget will be presented later than...

Currencies: A non-event

The French political drama took center stage last week with the government's resignation after a no-confidence vote. Yet, the anticipated disaster on the CAC 40 has not materialized. The French stock...

Fed's Bowman, worried by inflation, calls for caution on rate cuts

Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on...

US Nov payrolls show job growth accelerated after October hiccup

U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to ease steadily...

Canada's jobless rate jumps to near 8-year high of 6.8% in November

Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, likely...