Analysis: Currencies

US Fed terminates Citi notices that demanded bank improve risk controls, sources say

The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant...

Ahead of Trump meeting, Waller says he 'absolutely' would defend Fed independence

Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he...

Trump administration asks Fed to clarify CFPB funding availability

The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said...

Waller says Fed policy still in restrictive territory, sees room to cut rates

Federal Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. I still think we're probably,...

Finance chiefs see US prices rising next year, tariffs still a top concern

U.S. corporate finance chiefs continue to cite tariffs as a top concern and on average see prices rising more than 4% next year, according to a survey released on Wednesday that may add to Federal...

Japan's exports to US post first rebound in 8 months as tariff pain eases

Japan's exports to the U.S. rebounded for the first time in eight months in November, in a sign of easing pain from U.S. tariffs, government data showed on Wednesday, bolstering the case for the...

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...

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...

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...

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...

Bipartisan group of US lawmakers calls for export controls on synthetic DNA sequences

A bipartisan group of U.S. lawmakers this week introduced bills that would require U.S. firms to obtain a license before exporting sequences of synthetic DNA. DNA research is...

Fed's Daly says this week's rate cut was right move for Fed

Federal Reserve Bank of San Francisco President Mary Daly said on Friday in a LinkedIn posting that she favored cutting interest rates at this week's monetary policy meeting. This week's...

Russia's monthly oil and gas revenue poised to hit lowest since August 2020

Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles as a result of lower crude prices and a stronger rouble, Reuters calculations showed...