Analysis: Currencies

Trump boosts Argentina's Milei with $20 billion lifeline as US buys pesos

The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump's pledge to prop up the...

Fed should be cautious on rate cuts due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday, in a speech that leaned heavily into the risks of inflation, even...

US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular...

Fed should be cautious due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday in a speech that leaned heavily into the risks of inflation, even as...

Brazil's cenbank director says tightening pause means longer hold on rate levels

Brazil's central bank monetary policy director Nilton David said on Thursday that the decision by policymakers to interrupt the monetary tightening cycle requires keeping interest rates unchanged for...

Bank of Canada warns against over-regulation of financial sector

The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S....

Fed's Williams tells New York Times he backs more rate cuts this year

New York Federal Reserve President John Williams backs more interest rate cuts this year given the risk of a further slowdown in the labor market, according to an interview published by the New York...

BOJ should be wary of more rate hikes, adviser to Japan's likely next PM says

TOKYO -The Bank of Japan should be cautious about raising interest rates again as the economy is still fragile, said Etsuro Honda, a close economic adviser to Sanae Takaichi, who is likely to become...

Brazil's beef exports to China jump 38% in September amid US tariffs

SAO PAULO -Brazil's beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a...

Bank of England warns of 'sharp correction' in markets if mood sours on AI or Fed

Global financial markets could tumble if investors' mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. ...

Fed's Miran says calm bond market shows support for rate cuts

NEW YORK -Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market's current relative calm supports a swift push to lower interest rates. Given that market...

NY Fed finds rising worry about state of job market in September

NEW YORK -Americans grew more worried about the future of the job market in September, while at the same time bumping up projections for the future path of near-term inflation, a report from the...

US unemployment claims rise moderately amid labor market freeze

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still-low...

Currencies: Surprise!

Until this morning, I was wondering where the expected bullish reversal on the dollar index might come from. The answer has arrived: from the fall of the euro, of course! We can thank France, and more...

French markets tumble after PM Lecornu resigns

LONDON -A selloff in French markets gathered pace on Monday after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond...

For a jobs day data fix in a US shutdown, here is what the experts are saying

WASHINGTON -With U.S. Bureau of Labor Statistics employees furloughed due to the federal government shutdown, the agency's website shows a release from Wednesday as its most recent data update...

Fed's Miran wants aggressive rate cuts but downplays differences with other officials

Federal Reserve Governor Stephen Miran on Friday again pressed for an aggressive path of rate cuts citing the impact of Trump administration policies on the economy, while other central bank...

BofA Global Research moves Fed rate cut forecast to October from December

Bank of America Global Research on Friday pulled forward its forecast for the next Federal Reserve interest rate cut to October from December, citing signs of a softening labor market. ...

US services sector growth brakes; prices paid measure edges higher

WASHINGTON -U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of sluggish labor market conditions because of...