Analysis: Currencies

BOJ's Ueda flags uncertainty on how far rates can go up

Bank of Japan Governor Kazuo Ueda said on Thursday there was uncertainty on how far the central bank could raise interest rates due to the difficulty of estimating the country's neutral rate of...

Indian rupee to rise from record lows, but US trade deal key for recovery- Reuters poll

The Indian rupee will regain some lost ground against the U.S. dollar over the next three months, according to a Reuters poll of FX strategists, but a reversal in the currency's fortunes hinges upon...

Brazil judge orders government to add JBS subsidiary to 'dirty list' for slavery

A federal labor judge in Brazil ordered the government to add a poultry unit of meatpacker JBS to a so-called dirty list of employers responsible for subjecting workers to slavery-like conditions,...

Lower interest rates would likely eliminate the need for 50-year mortgage, US Treasury adviser says

Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary...

ECB says EU use of Russian assets for Ukraine loans is a stretch

The European Commission's proposal to use Russian central bank assets to extend reparations loans to Ukraine is a stretch from a legal and financial point of view, European Central Bank President...

US import prices unexpectedly flat in September

U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products. The flat reading in import...

Fed data suggests central bank has stopped losing money

The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19...

Toronto home sales hit five-month low in November

Greater Toronto Area home sales fell to a five-month low in November and prices declined as an uncertain economic outlook kept homebuyers on the sidelines, Toronto Regional Real Estate Board data...

Euro zone business activity expands at fastest pace in 30 months in November, PMI shows

Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday. ...

Russia's services sector growth accelerates in November, PMI shows

Russia's services sector experienced a resurgence in growth in November, driven by a renewed increase in new orders, a survey showed on Wednesday. The seasonally adjusted S&P Global...

EU proposes using frozen Russian assets or borrowing to give Ukraine 90 billion euros

The European Commission proposed on Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise 90 billion euros for Ukraine to cover its struggling military and basic...

Wall St opens higher as markets mull Fed's next step

U.S. stocks opened higher on Tuesday, steadying after Wall Street's first pullback in more than a week in the previous session, on growing bets of rate cuts ahead of fresh inflation data later this...

Tariffs, AI boom could test global growth's resilience, OECD says

Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U.S. tariff hikes, the OECD said on Tuesday, nudging up its outlook...

Japan panel softens tone on fiscal discipline amid Takaichi's reflationary push

An advisory panel to Japan's finance minister adopted a much softer stance in its budget recommendations on Tuesday, a change in approach to fiscal discipline that comes amid a reflationary push by...

Currencies: How do you like them?

Although last week was somewhat shortened by Thanksgiving in the United States, currency traders still had a few statistics to sink their teeth into, on top of the turkey, of course.

Rupee hits record low on feeble foreign flows, drawing RBI to defend 90 level

The Indian rupee dropped to an all-time low on Tuesday, with sustained flow pressures and the lack of a US-India trade deal overshadowing robust domestic fundamentals, prompting the central bank to...

Japan finance minister says no divergence with BOJ on economic assessment

Japanese Finance Minister Satsuki Katayama said on Tuesday she sees no gap between the government and the Bank of Japan on their assessment of the economy, after the central bank chief voiced...

US manufacturing stuck in doldrums as tariff headwinds persist

U.S. manufacturing contracted for the ninth straight month in November, with factories facing slumping orders and higher prices for inputs as the drag from import tariffs persisted. The...

Wall St opens lower ahead of Powell speech, manufacturing data

Wall Street's main indexes opened lower on Monday as investors stood on the sidelines ahead of fresh economic data and a closely watched speech from Federal Reserve Chair Jerome Powell to gauge the...