Analysis: Currencies

French central bank governor's departure unlikely to shift ECB policy course

The surprise resignation of Francois Villeroy de Galhau as French central bank governor is unlikely to change the European Central Bank's steady policy course at a time of rare unity among the euro...

NY Fed survey: January near-term expected inflation lower amid better job market views

Americans were less worried about the direction of inflation and labor market prospects as of last month, although concerns about the state of their finances continued to mount, the Federal Reserve...

Currencies: A sigh of relief

After the sharp swings seen over the past two weeks across several asset classes, investors appear to have regained their composure. As a result, the dollar is once again seeing some profit-taking and...

Wall St slips as AI concerns linger, key economic data awaited

Wall Street's main indexes opened lower on Monday after a week when AI disruption concerns caused technology stocks to tumble, while investors awaited crucial economic data for insight into the U.S....

US reaches nuclear deal with Armenia as Vance pushes peace dividend

Armenia and the United States agreed on Monday to cooperate in the civil nuclear sector as Washington sought to bolster ties with a former close ally of Russia, months after Washington brokered a...

ECB's Simkus sees equal chance of rate hike or cut

The European Central Bank is equally likely to raise or cut interest rates but it is hard to know when any such move will take place given the prevailing uncertainty about trade and geopolitics, ECB...

Contender for Bank of Korea governor backs higher property taxes to contain inflation

Lee Seung-heon, one of the leading candidates to become the next Bank of Korea governor, backs raising taxes on property ownership to stop surging home prices from stoking inflation but a policy pivot...

Japan's real wages down every month in 2025

Japan's real wages shrank in December for a 12th consecutive month, as nominal pay growth slightly undershot slowing consumer inflation, labour ministry data showed on Monday. Wage...

US Treasury's Bessent says Fed will take its time on balance sheet moves

U.S. Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has criticized...

Fed's Daly sees labor market vulnerabilities, room to cut interest rates

San Francisco Federal Reserve President Mary Daly on Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are walking a...

Argentina trade deals with US do not box out China, minister says

A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on...

ECB's safety net is part of EU plan to court new allies

The ECB's plan to make it easier for foreign central banks to secure funding in euros is the latest part of Europe's emerging strategy to win trade and political friends and hold its own against the...

ECB's Makhlouf flags persistent inflation undershoot, slowing growth as risks to outlook

European Central Bank policymaker Gabriel Makhlouf identified a loss of momentum in euro zone economic growth or the possibility that inflation continues to undershoot the ECB's 2% target in a more...

Sterling recovers some BoE-led losses, politics loom large

The pound rose on Friday, recovering some of the previous day's steep slide that followed a surprisingly tight vote from the Bank of England to leave rates unchanged and its signal that it could cut...

ECB policymakers fret over risk of too-low inflation

European Central Bank policy is right for the current inflation outlook but risks remain that price growth might weaken excessively and the ECB must be ready to act if these materialise, ECB...

ECB's Escriva sees interest rates stable

ECB policymaker Jose Luis Escriva told Spanish radio station Cadena SER he expected interest rates to remain steady in the foreseeable future as inflation expectations were anchored around the...

Japan Q4 GDP seen returning to growth on robust investment

Japan's economy is expected to have returned to growth in the final three months of 2025, thanks to vigorous corporate investment and resilient consumption, a Reuters poll showed on Friday. ...

Rupee logs best week in over three years on US trade-pact boost

The Indian rupee fell on Friday, singed by likely dollar outflows and traders lowering long bets, but posted its best rise in over three years after New Delhi and Washington announced a long-awaited...

Former Japan currency chief says FX intervention should be backed by rate hikes

Currency intervention using Japan's foreign exchange reserves can deliver an immediate jolt to markets, but its impact would be more durable if accompanied by steady rate hikes, a former top currency...