Analysis: Currencies

Fed announces October conference on payments innovation

WASHINGTON -The U.S. Federal Reserve announced Wednesday it would host an Oct. 21 conference on payments innovation. The conference will explore emerging topics like stablecoin use...

BoE's Bailey 'very concerned' about threats to US Fed independence

LONDON -Bank of England Governor Andrew Bailey said on Wednesday he was very concerned about threats to the U.S. Federal Reserve's independence, describing it as a very serious issue. ...

Musalem says Fed policy in right place, warns of job market risks

St. Louis Federal Reserve President Alberto Musalem said on Wednesday the U.S. central bank's monetary policy is in the right place given current economic data, in remarks that flagged rising risks...

Fed rate cuts and doubts over independence to keep US dollar under pressure

BENGALURU -The U.S. dollar will weaken over coming months as market participants ponder the Federal Reserve's future independence and how many more rate cuts it may deliver, a Reuters survey of...

Japanese investors are leaving the reflation trade to foreigners

SINGAPORE -Japanese financial markets are undergoing a long-awaited reflation trade. There's just one missing factor: the Japanese investor. Foreign buyers have been in the driving seat...

Brazil taps global markets for third debt sale of 2025, the most in a decade

BRASILIA -Brazil's Treasury on Tuesday made its third foreign debt sale of the year, marking the first time since 2014 that Latin America's largest economy has conducted more than two external bond...

Fed at a potential pivot point on jobs as storylines diverge

WASHINGTON -Job growth over the last three months has hit one of the weakest patches, outside the pandemic, since the U.S. economy was limping to recover from the 2007 to 2009 financial crisis and...

India eyes Russia, Brazil, Netherlands for pharma export growth as US tariffs concerns linger

India plans to increase pharmaceutical exports to Russia, the Netherlands and Brazil, according to two industry sources aware of the matter, aiming to expand its presence beyond the United States,...

Sterling, Japanese yen slump on investor anxiety over public finances

SINGAPORE -Sterling and the Japanese yen slumped on Tuesday on the back of growing investor anxiety about government finances, allowing the dollar to claw back some ground after five days of selling....

Exclusive-Fed should be independent but has made mistakes, Treasury Secretary Bessent says

ARLINGTON, Virginia -U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had made a lot of mistakes and defended President Donald Trump's...

Currencies: Nec pluribus impar

This currency borrowed from Louis XIV is perfectly suited to the euro's current situation. Since the beginning of the year, it has been setting the pace against most G10 currencies, including the US...

Republican lawmaker Lankford says it's important for Fed to be independent

WASHINGTON -A Republican U.S. senator on the finance committee on Sunday stressed the importance of an independent Federal Reserve, diverging from Vice President JD Vance's statement that the...

Brazil's Lula in "no rush" to retaliate against US tariffs

SAO PAULO -Brazilian President Luiz Inacio Lula da Silva said on Friday he is in no rush to reciprocate tariffs imposed by the United States on goods from his country, and reiterated that his...

Fed's balance sheet drawdown enters new stage as reverse repos largely drained

NEW YORK -The Federal Reserve's effort to shrink the size of its balance sheet is moving into a more uncertain phase as a key proxy of excess liquidity has been very nearly extinguished. ...

Seeking more power, Trump uses firings to test presidential limits

WASHINGTON -U.S. President Donald Trump is pushing for more control over everything the federal government and its agencies do, and a string of firings will test how far he might be able to take his...

US consumer spending strong; core inflation warmer on services

WASHINGTON -U.S. consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe strong domestic demand would prevent the Federal...

Inflation update tests Fed doves

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Wall Street indexes continue to grind out new records as Federal Reserve...

North Korea posts fastest growth in 8 years in 2024, driven by Russia ties, Seoul says

SEOUL -North Korea's economy grew 3.7% in 2024, the fastest annual pace of growth in eight years, backed by expanded economic ties with Russia, according to estimates by South Korea's central bank...

NZ central bank chair Quigley resigns on fallout from governor's sudden exit

WELLINGTON -Reserve Bank of New Zealand Chairman Neil Quigley has resigned with immediate effect, Finance Minister Nicola Willis said on Friday, citing the fallout over the handling of the sudden...