Analysis: Currencies

US Sept payrolls jump takes Nov 50 bp cut off the table

U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its...

BOJ faces fresh challenge as politics, yen complicate rate hikes

Bank of Japan Governor Kazuo Ueda's efforts to lift rock-bottom borrowing costs face fresh challenges as a yen rebound and the new political leadership's preference for loose monetary policy raise the...

US expected to report moderate September job growth

The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal...

US Senator Warren asks regulator to impose growth curbs on Citi

A prominent Democratic U.S. senator called on a top regulator on Wednesday to impose growth restrictions on Citigroup as the Wall Street bank struggles to fix ongoing regulatory problems. ...

BOJ must patiently maintain loose policy, says board member Noguchi

Bank of Japan board member Asahi Noguchi said on Thursday the central bank must patiently maintain loose monetary policy, as it will take time to eradicate the public's view that prices would not rise...

Dollar to stay unfazed despite growing uncertainties

The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from FX strategists polled by Reuters who were,...

US private payrolls beat expectations in September

U.S. private payrolls increased more than expected in September, further evidence that labor market conditions were not deteriorating. Private payrolls increased by 143,000 jobs last...

US port strike adds another uncertainty to Fed's outlook

The COVID-19 pandemic's crushing blow to global supply chains also scarred U.S. Federal Reserve officials who thought the fallout from disrupted ports and backed up container ships would cause only...

In Argentina's poverty-hit barrios a food emergency takes hold

In Argentina's poor barrios a food emergency is taking hold as poverty rises, with malnutrition on the increase and medics treating children for eye diseases and even scurvy linked to a...

Futures dip ahead of labor data; Powell signals modest rate cuts

U.S. stock index futures were flat to slightly lower on Tuesday as investors awaited labor market data, a day after Federal Reserve Chair Jerome Powell pushed back against market expectations for...

BOJ policymakers discussed need for caution in rate hikes, Sept summary shows

Bank of Japan policymakers discussed the need for caution over near-term interest rate hikes with some voicing concern over unstable financial markets and the U.S. economic outlook, a summary of their...

Fed's Powell says rates will 'over time' reach neutral level, not on preset course

The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and over time reach a level that is no longer holding back...

Imported cars face higher fees as Russia plans domestic production boost

Russia plans to effectively raise taxes on imported cars from 2025 by doubling the scrappage fees all car producers must pay while also increasing state support for locally made vehicles, draft budget...

Currencies: Same old

The dynamics in place for several weeks are continuing, with the dollar generally weak against the euro, sterling and commodity currencies. Conversely, the Swiss franc and Japanese yen are likely to...

Rupee supported by buoyant Asia FX, importer dollar bids to cap gains

The Indian rupee is expected to open nearly unchanged on Monday and trade with a slightly positive bias on the back of gains in most of its regional peers, while traders await comments from Federal...

US consumer spending rises moderately in August; inflation slows

U.S. consumer spending increased moderately in August, suggesting the economy retained some of its solid momentum in the third quarter, while inflation pressures continued to abate. ...

Canada economy tops July growth forecast, but seen stalling in August

Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, driven by growth in retail trade and public sectors, but the economy likely stalled in August, Statistics Canada...

Fed is aligned on rate cuts, but upcoming data will shape the pace

The Federal Reserve did not have full consensus when it voted last week to reduce interest rates by half of a percentage point, with one policymaker dissenting and economic projections implying others...

NY Fed's Perli says there is plenty of room left to run in shrinking Fed holdings

The official responsible for managing the Federal Reserve's massive holdings of cash and bonds said on Thursday there's likely plenty of room left to run in shrinking the central bank balance sheet. ...