Analysis: Currencies

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. ...

BOJ signals more hikes in hawkish tilt, warns of action against yield spike

The Bank of Japan retained its hawkish inflation forecasts on Friday and stressed it will remain vigilant to price risks from a weak yen, signalling that policymakers intend to keep raising still-low...

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...

Japan retains cautious economic view, flags risks from US trade policies  

The Japanese government largely retained its cautiously optimistic view of the economy in its economic report published on Thursday, while warning of downside risks from U.S. trade policies. ...

What are Japan's policy options to soothe its bond rout?

Wild swings in Japanese government bonds are unsettling for investors in an asset class that has long been regarded as a stable store of value. Nerves about Japan's fiscal position...

US Supreme Court sees risk in Trump running roughshod over Fed

U.S. Supreme Court justices during arguments over President Donald Trump's bid to fire Federal Reserve Governor Lisa Cook seemed to embrace the idea that the central bank's independence to set...

India's RBI taps $2 billion-plus FX swaps to blunt liquidity hit from spot intervention, bankers say

The Reserve Bank of India has conducted more than $2 billion in FX swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, four bankers said, suggesting a focus on...

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...

Rupee recovers slightly on equity rally after Trump backpedals on Europe tariff threat

The Indian rupee staged a modest recovery on Thursday, buoyed by an improvement in risk appetite after U.S. President Donald Trump stepped back from tariff threats against Europe linked to the...

Japan's exports up for fourth straight month, US dip clouds outlook

Japan's exports rose for a fourth straight month in December thanks to solid data centre-related demand, government data showed on Thursday, but a decline in shipments to the U.S. cast doubts over...

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...

Temu office in Turkey raided by competition authorities

Online retailer Temu's office in Turkey was raided early on Wednesday, the country's competition authority and a spokesperson for the Chinese company told Reuters. The move follows 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 may struggle to calm markets tripped up by Takaichi's taboo tax cut

Japanese Prime Minister Sanae Takaichi may struggle to calm a bond market jolted by her vow to cut the consumption tax rate, a taboo even her mentor and former premier Shinzo Abe - known for his...

Time for Europe to wake up amid US threats, ECB's Villeroy says

Europe must wake up in the face of threats of fresh tariffs by U.S. President Donald Trump over Greenland, European Central Bank policymaker Francois Villeroy de Galhau said on Wednesday. ...