Analysis: Currencies

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...

Trump says 'not much' doubt interest rates will be lowered, in NBC interview

U.S. President Donald Trump said on Wednesday there was not much doubt in his mind that benchmark U.S. interest rates will be lowered by the Federal Reserve. Trump said in an interview...

US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal

Republican Senator Tim Scott on Wednesday said he does not believe Federal Reserve Chair Jerome Powell broke the law when he testified to Congress last summer, and would say that to any prosecutor who...

Hedge funds jump into volatile January to reap returns

Hedge funds posted positive returns in January thanks to ripples of market volatility stemming from U.S. military action in Venezuela, questions around the independence of the Federal Reserve and a...

US services sector treads water in January as new orders slow

The U.S. services sector held steady in January, but businesses paid more for inputs, suggesting that services inflation could pick up after being on a slowing trend in recent months. ...

US services sector steady in January,  supply constraints from AI data centers feared

The U.S. services sector held steady in January, with businesses increasingly worried about supply constraints tied to a data center construction boom powering artificial intelligence. ...

Yen heads for fourth straight day of losses ahead of Japan's elections

The dollar rose against the yen on Wednesday, pushing the Japanese currency towards its fourth consecutive daily decline ahead of elections expected to boost Prime Minister Sanae Takaichi's fiscal and...

Democratic senators seek delay in nomination proceedings of Warsh for Fed chair

The Democratic members of the Senate Banking committee on Tuesday asked Republican committee chair Senator Tim Scott to delay the nomination proceedings for former Federal Reserve governor Kevin...

Fed Governor Miran quits White House job

Federal Reserve Governor Stephen Miran resigned on Tuesday from his position as chair of the White House's Council of Economic Advisers, fulfilling a pledge he made to the Senate as his assignment at...

Investors ramp up bets on steeper yield curve under Warsh-led Fed

Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking...

Fed's Barkin says hard to know how long higher productivity will last

Rising productivity is helping businesses ease cost pressures, aiding the U.S. central bank's inflation fight, but it is difficult to predict if it will persist and, as a result, hard to know how...

India to ramp up purchases of US oil, arms, aircraft; open some farm access

India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official, as...

Japan PM's idle yen comments send finance bureaucrats scrambling

Just as Japan was finally gaining ground in its long, hard fight to stop sharp currency falls, a fresh challenge has emerged from its own prime minister, whose off-the-cuff comments tell a different...

Top consulting firms test boundaries with China workarounds

Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western...

India-U.S. tariffs since Trump imposed duties on India

U.S. President Donald Trump on Monday said he had agreed on a trade deal with India, and that New Delhi also agreed to stop buying Russian oil and buy more from the U.S. and potentially Venezuela. ...