Analysis: Currencies

Fed's Waller: January jobs data an upside surprise, if it continues a policy pause may be appropriate

Federal Reserve Governor Christopher Waller said he was open to leaving interest rates on hold at the Fed's March meeting if upcoming February jobs data indicates the U.S. labor market had pivoted to...

EURO / US DOLLAR (EUR/USD): Without a pivot, no salvation

For several months, the market had been operating on a simple script: solid growth, easing inflation, two rate cuts starting in June. However, the PCE has now complicated that equation. While most...

EU delays 'Made in Europe' plan after disagreements over scope

The European Commission said on Monday it had delayed the announcement of a policy to prioritise industrial parts and products made in Europe by a week after disagreements over the geographic scope of...

Currencies: Tariffs, Act 2

Equities are consolidating because leadership is changing. The dollar is resisting because the Fed is not pivoting . The yen is hesitating because global stress is not taking hold. However,...

With US tariff rates up in the air, the economic fog again thickens

U.S. and foreign officials, corporate executives, analysts and investors had begun to hope the tumultuous U.S. trade policy reversals of last year were finished. Now they face rekindled uncertainty...

ECB's Lagarde receives 140,000 euros from BIS despite payment ban for ECB staff, FT reports

European Central Bank President Christine Lagarde receives about 140,000 euros a year as a Bank for International Settlements board member despite an ECB ban on third-party payments to staff, the...

Reaction to US Supreme Court ruling and Trump's new tariff threat

U.S. President Donald Trump said he will raise a temporary tariff on U.S. imports from all countries to 15% from 10%, following a Supreme Court decision striking down a large swath of his tariffs. The...

Rupee edges up as local factors eat into US tariff ruling-driven gains

The Indian rupee eked out a gain versus the dollar on Monday, as hedging interest from importers and upcoming maturities in forward contracts undercut most of an early advance driven by positive...

BOJ may raise rates in March if yen resumes slide, says ex-policymaker

The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto...

Tariff ruling limits Trump's leverage but won't end uncertainty for trade partners

The U.S. Supreme Court's decision to strike down a large swath of President Donald Trump's tariffs has weakened his ability to threaten and impose tariffs at a moment's notice, but it won't end...

India, Brazil sign mining pact as Modi targets $20 billion trade in five years

India moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion...

Supreme Court tariff ruling clouds Fed's rate path after a year of upheaval

The Supreme Court's ruling against a broad set of the Trump administration's tariffs poses new questions for Federal Reserve policymakers who have spent the last year trying to understand how the...

Trump nodded to low GDP numbers in social post ahead of public release, blaming shutdown

President Donald Trump seemingly flagged a disappointing end-of-year reading on U.S. economic growth before it was made public, criticizing the role Democrats played in an extended government shutdown...

German finance minister calls talk of ECB president succession 'speculation'

German Finance Minister Lars Klingbeil said on Friday that discussion of the term length of ECB President Christine Lagarde was speculation, but that when it came time to find a successor, Germany...

Trade pacts boost foreign inflows, lift rupee, Indian central bank says

Foreign portfolio inflows and the rupee have strengthened after India's free trade agreement with the European Union and an interim trade deal with the United States, the Reserve Bank of India said in...

Euro zone businesses perform better than expected in February as manufacturing bounces back, PMI shows

Euro zone business activity accelerated faster than forecast this month as manufacturing swung back to growth for the first time since October, though the dominant services sector marginally...

Dollar set for best week in four months on hawkish Fed, geopolitics

The dollar was poised on Friday to cap its strongest weekly performance since October, buoyed by a run of better-than-expected economic data, a more hawkish Federal Reserve outlook and as tensions...

Japan's core inflation slows to 2-year low, complicates BOJ rate-hike timing

Japan's annual core consumer inflation hit a two-year low to match the central bank's 2% target in January, data showed on Friday, suggesting weakening price pressure that could complicate its...

Fed's Kashkari: Hassett comments about Fed researchers represent another attack on independence

The call by a top Trump administration official for New York Federal Reserve staff to be disciplined for recent research on tariffs was just the latest move by the administration to undermine the...