Analysis: Currencies

Japan leans on US backing, tactical silence in war on yen bears

Japan's top monetary officials are leveraging rare U.S. backing in their fight against the weak yen, using tactical silence and calibrated communication to drive the currency sharply higher without...

Copper lurches to record high above $14,000 as speculators pile in

Copper prices spiked to a record high of more than $14,000 a metric ton on Thursday, as speculators extended their buying spree, encouraged by expectations of strong demand and supported by a weak...

Brazil's PicPay prices New York IPO at $19 per share, top of indicated range

Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top of the indicated price range, the company said. PicPay said it sold about...

Dollar rebounds as Fed holds rates steady

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Dollar holds gains against euro, yen after Fed stands pat on rates

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Threat to Fed's independence boosts economic uncertainty, says Bank of Canada head

The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date...

Brazil's PicPay set to price New York IPO at top of range, source says

Brazilian digital bank PicPay is expected to price its U.S. initial public offering on Wednesday at the top of the indicated price range of $16 to $19 per share, a source familiar with the matter...

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Fed expected to hold rates steady as rate-cut pause begins

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with...

For Fed, uptick in bank lending may add to case against rate cuts

Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the...

Dollar options traders turn bearish as 'bye America' selloff deepens

Options traders have turned overwhelmingly negative towards the dollar this week, after President Donald Trump brushed off the U.S. currency's 2.5% slide this month, pushing the cost of derivatives to...

Why the euro's rise to $1.20 is a big deal

The euro has hit a new milestone against the dollar, highlighting the single currency's renewed push higher as sentiment towards the greenback sours. Here's a look at what's behind the...

Key prediction market putting strong odds on BlackRock's Rieder as next Fed chair

BlackRock's chief bond investment manager Rick Rieder is now the clear favorite to succeed current Federal Reserve Chair Jerome Powell when his term is up, according to prediction market Kalshi. ...

In the Market: Wall Street's banking on next Fed chair to stand up to Trump

U.S. President Donald Trump bemoaned last week his issue with naming the next Federal Reserve chair: The problem, he said, is they change once they have the job. Wall Street is counting on it. ...

A crisis of confidence in the yen looms over Japan PM Takaichi's election gamble

The spectre of coordinated yen buying by Tokyo and Washington has propped up Japan's currency, but history suggests the impact of an actual intervention could be limited, especially because Prime...

US core capital goods orders rise for fifth straight month, boosting economic outlook

New orders for key U.S.-manufactured capital goods increased more than expected in November, indicating business spending on equipment maintained a steady growth pace in the fourth quarter. ...

Currencies: Spotlight on the Japanese yen

After Donald Trump's remarks on Greenland helped equities regain altitude, investors are now focused on Japanese rates, which keep climbing even as the yen remains weak. This decoupling is unusual and...

Bank of Canada to keep rates on hold on Wednesday, future monetary policy to depend on US trade negotiations 

The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25% on Wednesday but economists and money markets are divided over where Canada's monetary policy cycle is headed...

Fed meeting likely to be overshadowed by threats to central bank's independence

The Federal Reserve is expected to hold interest rates steady this week at a meeting overshadowed by a Trump administration criminal investigation of U.S. central bank chief Jerome Powell, an evolving...