Analysis: Currencies

Bank of Canada: consensus decisions don't mean all members agree on path for rates

Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy governor Nicolas Vincent...

Biden to hail US economic progress after Fed rate cut, no victory lap yet, officials say

U.S. President Joe Biden will tout progress in bringing down inflation and boosting employment on Thursday after the Federal Reserve's interest rate cut, while vowing to keep working to lower costs...

Bullish bets steady on Asian currencies as Fed easing bets soften dollar

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve enhanced...

China expected to trim main policy rate and lending benchmarks

China is widely expected to trim its main policy and benchmark lending rates on Friday, a Reuters poll showed, after the Federal Reserve's outsized interest rate cut removed some of the risks around...

China to ramp up policy steps to revive economy but no 'bazooka' stimulus seen

Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on...

Federal Reserve's Powell backs Basel changes, says no date yet for publishing new draft

Federal Reserve Chair Jerome Powell endorsed an overhaul of the contentious Basel bank capital rules on Wednesday, but said he did not know when regulators would formally bless the new draft and that...

US borrowers to get quick relief as Fed cuts rates, analysts say

U.S. consumers are expected to get a quick reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years, analysts said. ...

Fed policymakers see end-2024 policy rate at 4.4%: projections

U.S. central bankers think they'll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal and unemployment...

Fed Bowman's dissent is first from Fed governor since 2005

Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed Chair Jerome Powell a...

Bank of Canada members split on inflation outlook, minutes show

The Bank of Canada's governing council was split on the outlook for inflation ahead of its Sept 4 decision to cut rates for the third time in a row, minutes published on Wednesday showed. ...

Flirting with records as Fed rates finally fade

A look at the day ahead in U.S. and global markets from Mike Dolan There's little left to say about the dominant event of the day - other than how to game markets' reaction to the size...

What does a Fed rate cut mean for American households?

The Federal Reserve is set to cut U.S. short-term borrowing costs on Wednesday, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt over the two...

Fed rate-cutting cycle could be shallower than expected

As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months ahead may be shallower than the market expects. Some major...

US home builder confidence edges up as rate cut looms

U.S. home builder confidence edged up in September as mortgage rates fell, breaking four months of consecutive declines, but remained at relatively low levels as rising costs continued to impede...

Futures inch up ahead of economic data, Fed's rate-cut decision

U.S. stock index futures edged higher as investors awaited a batch of economic data and clung to hopes the Federal Reserve would deliver a supersized interest-rate cut at its monetary policy meeting,...

Morning bid: Yen's big week begins

A look at the day ahead in European and global markets from Tom Westbrook Tokyo traders returned on Tuesday from a three-day holiday weekend, showing little inclination to repeat the...

As Fed cuts loom, health of US economy could determine markets' path

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the U.S. economy. The Fed is...

Currencies: Everything is linked

This summer, the press was abuzz with the incestuous relationship between the dollar-yen and Nasdaq. The explanation was simple: many players financed their purchases on the Magnificent Seven through...

Irrational exuberance? Funds' yen longs hit 8-year high: McGeever

ORLANDO, Florida -Hedge funds are their most bullish on the Japanese yen in eight years, but as their 'long' positions grow and the currency strengthens, yen volatility is also rising. ...