Currencies

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...

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...