Analysis: Currencies

Musk says he is thinking of auditing the Fed

Billionaire Elon Musk said on Thursday he is thinking of auditing the Federal Reserve, after calling for greater scrutiny of the central bank in the past. Musk made the comment at the...

Fed should hold policy rate steady for 'some time,' Kugler says

Federal Reserve Governor Adriana Kugler on Thursday said she believes the U.S. central bank should leave its target for short-term borrowing costs in its current 4.25%-4.50% range, where it is...

Fed's Kugler says inflation risks remain, cites economic policy uncertainty

Federal Reserve Governor Adriana Kugler said on Thursday U.S. inflation still has some way to go to reach the Fed's 2% target, and that its path toward that goal continues to be bumpy. ...

Fed's Barr, stepping down from regulatory post, warns against weaker bank rules

The Federal Reserve's top regulatory official cautioned Thursday against a weakening of bank rules and oversight that could make firms vulnerable to surprise shocks. Fed Vice Chair for...

Zelenskiy needs to come back to the table on critical minerals deal, White House says

Ukrainian President Volodymyr Zelenskiy needs to come back to the negotiating table and strike a critical minerals deal that recognizes the amount of aid the U.S. has provided the country in its fight...

Fed's Bostic expects two rate cuts in 2025, but sees widespread uncertainty

Atlanta Federal Reserve President Raphael Bostic said on Thursday the U.S. central bank should still be able to lower interest rates by a half a percentage point this year, though there remains...

Miner Vale posts $694 million loss in fourth quarter

Brazilian miner Vale reported on Wednesday a $694 million loss in the fourth quarter, compared to a $2.4 billion profit a year earlier, and far below the $1.95 billion profit expected by analysts in a...

Yen rises, dollar steady as traders assess tariff risk, policy outlook

The yen firmed and the U.S. dollar held steady on Thursday as investors pondered what U.S. President Donald Trump's latest tariff agenda would mean for the global economy and how it could affect the...

Exclusive-Almost 90% of Japanese companies see Trump as bad for business, Reuters survey shows

Almost nine out of 10 Japanese companies expect U.S. President Donald Trump's policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign yet of mounting worry in...

Russian wealth fund sees U.S. companies returning in 2025

Russia's sovereign wealth fund expects a number of U.S. companies to return to Russia as early as the second quarter of 2025, TASS quoted the head of the fund, Kirill Dmitriev, as saying on Wednesday...

Currencies: A little more effort

The recent actions of the White House now seem to have only a limited effect on the dollar's trend. While the dollar is still benefiting from a favorable environment , its upward momentum has waned...

Japan braces for BOJ to lift rates sooner and higher

Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise...

Exclusive-Five Iraqi banks to be banned from U.S. dollar transactions - sources

Iraq's central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering,...

Fed's Logan calls for caution on rate cuts, even if inflation cools

Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce...

US manufacturing output falls in January on weak motor vehicle production

U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output. Factory output dipped 0.1% last month after a downwardly revised 0.5%...

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

President Luiz Inacio Lula da Silva said on Friday that Brazil would react to U.S. President Donald Trump's decision to issue tariffs on steel imports, suggesting his government could file a complaint...

Fed's Powell sees a ways to go on shrinking Fed holdings

Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind down process, as some banks have...

Hotter January inflation jolts markets, dimming rate cut hopes

Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even raising...

Hot Jan US CPI surprise hurts case for Fed ease soon

The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over...