Analysis: Currencies

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Fed expected to hold rates steady as rate-cut pause begins

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with...

For Fed, uptick in bank lending may add to case against rate cuts

Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the...

Bank of Canada expected to hold rates steady as economy weathers Trump tariffs

The Bank of Canada is widely expected to leave its key interest rate unchanged on Wednesday after data in recent weeks showed the country's economy has largely been stable and in line with the central...

Dollar options traders turn bearish as 'bye America' selloff deepens

Options traders have turned overwhelmingly negative towards the dollar this week, after President Donald Trump brushed off the U.S. currency's 2.5% slide this month, pushing the cost of derivatives to...

Why the euro's rise to $1.20 is a big deal

The euro has hit a new milestone against the dollar, highlighting the single currency's renewed push higher as sentiment towards the greenback sours. Here's a look at what's behind the...

Key prediction market putting strong odds on BlackRock's Rieder as next Fed chair

BlackRock's chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi. ...

In the Market: Wall Street's banking on next Fed chair to stand up to Trump

U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job. Wall Street is counting on it. ...

A crisis of confidence in the yen looms over Japan PM Takaichi's election gamble

The spectre of coordinated yen buying by Tokyo and Washington has propped up Japan's currency, but history suggests the impact of an actual intervention could be limited, especially because Prime...

US core capital goods orders rise for fifth straight month, boosting economic outlook

New orders for key U.S.-manufactured capital goods increased more than expected in November, indicating business spending on equipment maintained a steady growth pace in the fourth quarter. ...

Currencies: Spotlight on the Japanese yen

After Donald Trump's remarks on Greenland helped equities regain altitude, investors are now focused on Japanese rates, which keep climbing even as the yen remains weak. This decoupling is unusual and...

Bank of Canada to keep rates on hold on Wednesday, future monetary policy to depend on US trade negotiations 

The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25% on Wednesday but economists and money markets are divided over where Canada's monetary policy cycle is headed...

Fed meeting likely to be overshadowed by threats to central bank's independence

The Federal Reserve is expected to hold interest rates steady this week at a meeting overshadowed by a Trump administration criminal investigation of U.S. central bank chief Jerome Powell, an evolving...

Carney likely to visit India in early March as Canada trade pivot intensifies, envoy says

Canada's Prime Minister Mark Carney will likely visit India the first week of March and sign deals on uranium, energy, minerals and artificial intelligence, Dinesh Patnaik, India's High Commissioner...

BOJ money market data suggests Japan did not intervene in currency market on Friday

Bank of Japan money market data on Monday indicated that a spike in the yen rate against the dollar on Friday was not likely the product of official Japanese intervention. The central...

US rate check masks stiff hurdle to coordinated yen intervention

The unusual rate check by the New York Federal Reserve that triggered a spike in the stubbornly weak yen has lowered the threshold for intervention, but coordinated Japan-U.S. selling of dollars still...

NY Fed carried out dollar/yen rate checks, source says

The New York Federal Reserve conducted rate checks on the dollar/yen pair around midday on Friday, a source familiar with the matter told Reuters. Analysts say the move may have...

Yen volatile on rate check speculation, dollar set for sharp weekly drop

The yen was volatile on Friday, with a sudden spike raising market speculation that authorities had conducted a rate check, often a precursor to intervention, while the dollar was set for its steepest...

BOJ keeps rates steady as expected, ups growth and inflation forecasts

The Bank of Japan kept interest rates steady on Friday and raised its economic and inflation forecasts, signalling its readiness to continue hiking still-low borrowing costs. As widely...