Analysis: Currencies

US economic activity mostly increased in recent weeks, Fed survey shows

Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said on Wednesday in a report that may do little to sway policymakers'...

Fed policymakers mostly back Powell after Trump administration's threat

Federal Reserve Governor Stephen Miran said on Wednesday comments from foreign central banks in defense of U.S. central bank chief Jerome Powell were inappropriate, a remark that stood in contrast to...

Fed's Paulson reiterates more rate cuts could follow moderating in inflation

Federal Reserve Bank of Philadelphia President Anna Paulson reiterated Wednesday her expectation that the central bank could lower short-term interest rates later this year if the economy meets her...

Brazil billionaire Batista shuttles between DC and Caracas, eyeing oil deals

Brazilian billionaire Joesley Batista met with Venezuela's interim President Delcy Rodriguez on Friday, before and after he met in Washington with U.S. officials, whom he reassured that she seems...

US producer prices increase moderately in November

U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing some of the tariffs on imports, with trade margins compressing.  ...

Fed's Kashkari says Trump administration's threats are 'about monetary policy', NYT reports

Minneapolis Federal Reserve President Neel Kashkari said the Trump administration's actions against the central bank in the past year were really about monetary policy, as he came to the defense of...

Sterling edges higher, key UK data flurry up ahead

The pound rose on Wednesday, gaining against the dollar, euro and yen, ahead of economic growth data later this week that might help shape expectations for Bank of England monetary policy in the...

Brazil police serve warrants on businessmen in Banco Master probe

Brazil's federal police served search and seizure warrants against businessmen Daniel Vorcaro and Nelson Tanure on Wednesday as part of an investigation into alleged fraud at Banco Master, a Supreme...

Fed's loss of independence would push up inflation, threaten stability, ECB's Rehn says

Any loss of U.S. Federal Reserve independence would push up inflation and might even endanger financial stability, Finnish central bank Governor Olli Rehn said on Wednesday as he expressed full...

Rupee ends marginally down, far forward premiums drift higher

The Indian rupee ended a choppy trading session modestly weaker on Wednesday, with corporate dollar appetite and likely intervention by the Reserve Bank of India tugging the currency in one direction...

Trump probe of Fed chair stresses need for global diversification

The criminal investigation into the Fed chair has reinforced the case for diversifying holdings beyond the United States for some investors as they worry about the ongoing independence of the central...

US new home sales fall marginally in October

Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this...

Trump says inflation data means Fed can cut interest rates

President Donald Trump welcomed December inflation figures released on Tuesday, saying they supported his push for Federal Reserve chair Jerome Powell to cut interest rates. The closely...

Instant View: December rise in US consumer prices backs Fed pause this month

U.S. consumer prices increased in December, data showed on Tuesday, as the distortions related to the government shutdown that had artificially lowered inflation in the November unwound, cementing...

Inflation may keep Fed on hold until after Powell's chair term ends

Inflation may not subside quickly enough for Federal Reserve Chair Jerome Powell to deliver another interest-rate cut before his term ends in May, with the Bureau of Labor Statistics reporting...

US consumer inflation increases steadily, but households paying more for food and rents

U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the distortions related to the government shutdown that had artificially lowered inflation in November...

Latest Trump move on Fed may have hit a tripwire, with a rally behind Powell

After years of berating Federal Reserve Chair Jerome Powell, President Donald Trump's administration may have hit a tripwire in launching a criminal probe of the 72-year-old former investment banker,...

Japanese investors sell foreign assets in December

Japanese investors were net sellers of foreign debt in December with U.S. Treasury yields rising, and also sold foreign equities as elevated stock valuations prompted profit-taking. ...

Global central bankers defend Fed's Powell after Trump threat

STORY: Federal Reserve chair Jerome Powell received major support on Tuesday . The heads of many of the world's leading central banks issued a rare joint statement backing him. ...