Analysis: Currencies

Fed minutes downplay impact of Trump mortgage buying on housing affordability 

An effort launched by the Trump administration to improve home borrowing costs is not coming to much so far, meeting minutes from the Federal Reserve's January 27-28 meeting, released on Wednesday,...

ECB's Schnabel sees no need to leave her board seat early, Bloomberg News reports

European Central Bank board member Isabel Schnabel said she plans to stay on for the full duration of her eight-year term, which ends in 2027, Bloomberg News reported on Wednesday. I...

Japan PM Takaichi hopes BOJ works closely with government to durably hit price goal

Japanese Prime Minister Sanae Takaichi said on Wednesday she hopes the central bank works closely with the government to durably achieve its 2% inflation target accompanied by wage gains. ...

ECB succession talk puts Knot and De Cos in frame for top job

The former governors of the Spanish and Dutch central banks are seen as the front-runners to replace Christine Lagarde at the helm of the European Central Bank, likely in a broader political deal that...

Fed minutes could highlight shift in balance of risks as policymakers put rates on hold

Minutes of the U.S. Federal Reserve's January 16-17 meeting released on Wednesday are expected to provide more detail on why central bankers kept interest rates on hold last month and what it may take...

ECB's Cipollone has no indication President Lagarde plans early resignation

European Central Bank Executive Board Member Piero Cipollone said on Wednesday he had no news about ECB President Christine Lagarde resigning before the end of her term. On Wednesday...

ECB's Villeroy: I read a rumour about Lagarde, it does not seem like an information

Bank of France Governor Francois Villeroy de Galhau said that a Financial Times report that European Central Bank President Christine Lagarde plans to leave her job early was a rumour. I...

ECB President Lagarde plans to quit before Macron's term ends, FT reports

European Central Bank President Christine Lagarde plans to leave her job early, ahead of next year's French presidential election, to give outgoing French leader Emmanuel Macron a say in picking her...

Japanese manufacturers' sentiment rebounds in February, underbelly still soft

Japanese manufacturers' confidence rose for the first time in three months in February, underpinned by stronger machinery orders and a weaker yen, the Reuters Tankan poll showed, an encouraging result...

Fed must dig deep on AI impact to make right rate calls ahead, Daly says

The Federal Reserve must dig deep into the data to assess whether artificial intelligence is boosting productivity growth and enabling faster economic growth without igniting inflation that would...

Fed's Barr says central bank likely on hold for some time as it watches for easing inflation

Federal Reserve Governor Michael Barr said on Tuesday that another central bank interest rate cut could come somewhere well down the road amid ongoing risks to the U.S. inflation outlook. ...

Fed's Goolsbee: 'Several' rate cuts possible this year if inflation gets on track to 2%

The U.S. Federal Reserve could approve several more interest rate cuts this year if inflation resumes a decline to the central bank's 2% target, Chicago Fed President Austan Goolsbee said on Tuesday,...

US dollar may be due for a reprieve after a four-month decline

The U.S. dollar is due for a bit of reprieve after its four-month decline as the political and economic backdrop turns in its favor and some market analysts turn bullish on the currency. ...

Warsh may want a smaller Fed balance sheet, but that's hard to achieve

Kevin Warsh, nominated to lead the Federal Reserve, may want a smaller central bank balance sheet, but he's unlikely to get it absent major tinkering with the financial system, and even then, it might...

Rupee ends flat; likely RBI presence blunts corporate, interbank dollar bids

The Indian rupee ended Tuesday little changed, as intermittent intervention by the Reserve Bank of India slowed the currency's drift toward the psychologically important 91-per-dollar mark. ...

Canada's Carney to visit India in early March, Ontario minister says

Canadian Prime Minister Mark Carney will visit New Delhi in early March to work with Prime Minister Narendra Modi on the framework for a comprehensive economic partnership agreement, Canadian official...

Sterling struggles for direction before key British data

The British pound was struggling for direction against the dollar and the euro on Monday before key economic data due later this week that could make or break the case for more rate cuts from the Bank...

Currencies: a fragile calm

The macroeconomic releases of recent days have not upended the central scenario, but they have clarified the regime in which markets are now operating. We are neither in a euphoric acceleration nor...

Japan PM Takaichi holds first meeting with BOJ chief Ueda since election win

Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi held their first bilateral meeting on Monday since the ruling party's landslide election victory, which could have served as a venue...