Analysis: Currencies

Fed's Miran says weaker dollar not affecting monetary policy choices

Federal Reserve Governor Stephen Miran said Monday a weaker dollar isn't much of an issue for the central bank right now. The kind of decline seen in the dollar doesn't matter that much...

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...

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...

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...

Dollar set for strongest week since November, yen steadies before polls

The U.S. dollar steadied near a two-week high on Friday, poised for its strongest weekly performance since November as a rout in stocks driven by AI-spending concerns rattled investors, while the yen...

Bessent says up to Trump whether Warsh might be sued over policy choices

U.S. Treasury Secretary Scott Bessent on Thursday declined to commit that the Trump administration would not sue Kevin Warsh, its nominee to lead the Federal Reserve, if he follows a monetary path...

Bank of Canada says economic restructuring will take years, tells firms to 'be bold'

Restructuring the Canadian economy to cope with U.S. tariffs, slower population growth and the rise of artificial intelligence will take years, and could be painful, Bank of Canada Governor Tiff...

Snowstorms boost US weekly jobless claims; job openings hit more than five-year low

The number of Americans filing new applications for unemployment benefits increased more than expected last week amid winter storms, and while job openings fell to a more than five-year low in...

Warsh may struggle to lay down new rules of the road for Fed

In the 15 years since leaving the Federal Reserve, Kevin Warsh has lectured often that the ideal central bank is one with the smallest possible footprint in the economy, focused intently on...

Fed's Cook says it's time to 'wait and see' on rates

Federal Reserve Governor Lisa Cook on Wednesday signaled that she will not support another interest-rate cut until she sees more proof that price pressures are receding, saying she is more concerned...

Fed's Cook says policy rate 'ever so mildly' restrictive

U.S. Federal Reserve Governor Lisa Cook on Wednesday said she feels the policy interest rate now is only mildly restrictive, and signaled she supports taking time before reducing interest rates...

ECB keeps rates unchanged, signal comfort with dollar weakness

The European Central Bank left interest rates on hold as expected on Thursday and played down the impact of dollar moves on its future choices, with a largely unchanged inflation outlook also...