Currencies

Some Trump officials cast doubts on Hassett for Fed chair, Politico reports

Some Trump administration officials have privately raised doubts about the possible selection of National Economic Council Director Kevin Hassett as the next Federal Reserve chair, Politico reported...

Canadian dollar extends recent gains as US labor market cools

The Canadian dollar strengthened to a near three-month high against its U.S. counterpart on Tuesday after mixed U.S. jobs data that could strengthen the case for a divergence in policy between...

More rate cuts could reignite inflation, hurt Fed credibility, Bostic says

Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation...

U.S. business activity growth hits 6-month low in December

U.S. business activity growth slowed in December to the weakest pace since June, with new orders sliding for both manufacturers and service providers to cap a year of volatility and uncertainty for...

Wall St slips at open as investors assess key jobs data

Wall Street's main indexes slipped at the open on Tuesday after data broadly signaled a cooling U.S. economy, paving the way for more monetary policy easing by the Federal Reserve next year. ...

US rate futures lift odds of January cut after unemployment rises in November

U.S. rate futures on Tuesday raised the probability of the Federal Reserve cutting interest rates at the next policy meeting in January after data showed U.S. unemployment rose last month. ...

US job growth snaps back in November; shutdown distorts unemployment rate

U.S. job growth rebounded more than expected in November after government-related spending cuts triggered the biggest drop in nonfarm payrolls in nearly five years in October, suggesting no material...

Euro zone business activity ends 2025 weaker than expected, PMI shows

BENGALURU, Dec 16 - Euro zone business activity growth slowed more than expected at the end of 2025 as a contraction in manufacturing deepened while the expansion in the dominant services industry...

Indian rupee's relentless slide fuels talk of RBI pushback, bankers say

The Indian rupee's near one-way slide over the past month, with the currency repeatedly touching all-time lows regardless of broader Asian market cues, is fuelling talk among bankers of heavier...

Rupee hits record low, sapped by hedging demand and outflows

The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal. ...

Bank of Japan to take interest rates to 30-year high

The Bank of Japan is set to raise interest rates on Friday to a three-decade high and pledge to keep hiking borrowing costs, closing the year with two rate hikes despite headwinds from U.S. tariffs...

Canadian dollar steadies near three-month high after inflation data

The Canadian dollar steadied on Monday against its U.S. counterpart as oil prices fell and domestic data showed inflation running at a cooler than expected pace. The loonie was trading...

Atlanta Fed says it will seek new head with 'meaningful ties' to the southeastern district

The Atlanta Federal Reserve said on Monday it had begun the process for choosing a replacement for outgoing President Raphael Bostic, with plans to hire an executive search firm to assemble a large...

Delayed US employment, CPI reports are due this week, with many gaps

The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown...

Williams says Fed policy in good position, sees inflation moderation in 2026

New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week was the right move and leaves it in a good position to deal with an economy that's...

ECB: Payment fraud rises to 4.2 billion eur in 2024, strong authentication remains effective

The total value of payment fraud in the European Economic Area rose to 4.2 billion euros in 2024 from 3.5 billion in 2023, the European Central Bank said on Monday.  In a statement,...

Russia seeks $230 billion in damages from Euroclear over seized assets

Russia's central bank has filed a lawsuit in Moscow seeking $230 billion in damages from Euroclear, marking the first step in what the Kremlin has warned will be a legal nightmare for the EU over...

Bank of England heads for close vote on likely rate cut

The Bank of England looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a cut. Barring a major...

With Fed independence in crosshairs, will Supreme Court back Trump again?

The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress. But they have...