Currencies

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...

ECB may need fresh rate cut if euro strengthens, Kocher tells FT

The European Central Bank may need to consider another interest rate cut if further gains in the euro begin to weigh on the bank's inflation outlook, Austrian central bank governor Martin Kocher told...

Weak yen, labour crunch key to BOJ rate hike timing, minutes show

The Bank of Japan considered mounting inflationary pressures stemming from a weak yen and labour shortages, among other factors, as key influences for the timing of additional interest rate hikes,...

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. ...

India's central bank advances 1 trillion rupee bond purchases

India's central bank on Tuesday advanced plans to buy 1 trillion rupees of bonds in two tranches by January 29 and February 5, instead of the previously announced February 5 and 12. The...

Germany pushes for 'two-speed' Europe with new bloc of six leading economies

Germany will push for a two-speed European Union to break decision-making inertia in the 27-member bloc and galvanise its economies, calling for a core group of member states to move ahead on key...

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...

Japan's services inflation steady, signals broadening wage pressure

A leading indicator of Japan's services sector prices rose 2.6% in December from a year earlier, data showed on Tuesday, backing up the central bank's view that labour shortages will continue to prod...

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. ...

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...

Carney likely to visit India in early March as Canada trade pivot intensifies, envoy says

Canada's Prime Minister Mark Carney will likely visit India the first week of March and sign deals on uranium, energy, minerals and artificial intelligence, Dinesh Patnaik, India's High Commissioner...

EU countries give final approval to Russian gas ban

European Union countries on Monday gave their final approval to ban Russian gas imports by late 2027, making their vow to cut ties with their former top supplier legally binding, nearly four years...

BOJ money market data suggests Japan did not intervene in currency market on Friday

Bank of Japan money market data on Monday indicated that a spike in the yen rate against the dollar on Friday was not likely the product of official Japanese intervention. The central...

US rate check masks stiff hurdle to coordinated yen intervention

The unusual rate check by the New York Federal Reserve that triggered a spike in the stubbornly weak yen has lowered the threshold for intervention, but coordinated Japan-U.S. selling of dollars still...

BOJ sees boost to inflation from weak yen becoming larger

A weak yen has an increasing impact on Japan's inflation as firms actively pass on rising costs, the central bank said on Monday, signalling its vigilance over mounting price pressures that may...

Japan says in close coordination with US on forex as yen intervention risks mount

Top Japanese authorities said on Monday they have been in close coordination with the United States on foreign exchange, but declined to confirm news reports of rate checks that drove the yen sharply...