Analysis: Currencies

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...

Japan's core inflation slows in December but stays above BOJ goal

Japan's core consumer inflation slowed in the year to December but stayed above the central bank's 2% target, data showed on Friday, keeping alive market expectations of future interest rate rises. ...

Trump's mortgage-backed bond purchases not moving needle on housing costs

There's scant evidence so far that U.S. President Donald Trump's bid to make housing more affordable by purchasing mortgage-backed bonds has had its desired effect, and to the extent it has, broader...

US consumer spending increases solidly in October and November

U.S. consumer spending increased solidly in November and October, likely keeping the economy on track for a third straight quarter of strong growth. Consumer spending, which accounts...

Small but rising opposition party warns BOJ raising rates too rapidly

The Bank of Japan may be raising interest rates too rapidly, which could hurt the economy, the head of a small but rising opposition party said, as the country gears up for a general election next...

Trump says he may be down to one candidate to head the Fed

U.S. President Donald Trump on Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Kevin Hassett in his...

Instant View: Investor reaction as U.S. President Trump withdraws tariff threat, says Greenland deal framework reached

U.S. President Donald Trump on Wednesday withdrew a threat to impose tariffs on a number of nations for their stance on Greenland, saying he had reached the outlines of a deal with NATO on the...

Fed to hold rates through March, and possibly through Powell's tenure, on strong growth

The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends in May, according to a majority of economists polled by Reuters, a...

US Supreme Court appears reluctant to let Trump fire Fed's Lisa Cook

U.S. Supreme Court justices signaled skepticism on Wednesday toward President Donald Trump's unprecedented bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence...

EURO / US DOLLAR (EUR/USD): Caught in a Crossfire

The macroeconomic readout still puts growth front and centre, with productivity rising, a fiscal stimulus on the way and bank lending re-accelerating. At this stage of the cycle, there is no...

Japan should respond 'decisively' to bond selloff, opposition head says

Japan should act decisively against excessive market moves, Yuichiro Tamaki, head of an influential opposition party, told Reuters on Wednesday, after a brutal selloff of Japanese government bonds...

Asian shares extend selloff, global bond rout stokes fresh anxiety

Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global...

Buyers flee Japanese debt as Takaichi hits the ground spending

Japan's government bonds are in free fall as investors take a dim view of an atmosphere of competitive spending on the hustings, where politicians are jostling to cut taxes in an economy with the...

BOJ to signal more rate hikes as yen, politics fuel inflation risks

The Bank of Japan is expected to raise its growth forecast on Friday and signal its readiness to hike interest rates further, as recent yen falls and prospects of solid wage gains keep policymakers...