Analysis: Currencies

Russia warns Europe: we will go after any state which takes our assets

Russia on Monday warned it would go after any European state that sought to take its assets after reports that the European Union is looking for new ways to leverage hundreds of billions of dollars of...

India stock benchmarks open flat ahead of Fed meeting

India's equity benchmarks are off to a muted start on Monday, in line with other Asian peers, as investors awaited this week's U.S. Federal Reserve meeting, where policymakers are widely expected to...

Rupee ends little changed, importer hedging caps lift from softer dollar

The Indian rupee closed nearly flat on Monday, as the boost from a broadly weaker dollar was blunted by persistent hedging demand from importers and lacklustre foreign portfolio flows. ...

Dollar eases ahead of central bank bonanza, eyes on Fed

The dollar slipped on Monday ahead of a pivotal week filled with central bank decisions headlined by the Federal Reserve, while the euro hardly reacted to Fitch's downgrade of France's credit rating....

Canada announces new federal agency to build affordable housing

Canadian Prime Minister Mark Carney announced on Sunday a new federal agency supported by an initial C$13 billion in capitalization to build affordable housing, following campaign promises to bolster...

Bessent met with BlackRock's Rieder as search for next Fed chair continues, source says

WASHINGTON -U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal...

Fed hawks and doves: what US central bankers are saying

The Federal Reserve is expected to deliver its first interest-rate cut this year at its September 16-17 meeting, as it moves to counter a cooling labor market even as inflation remains above target....

India's inflation edges up, but rate-cut bets stay alive

India's retail inflation accelerated to 2.07% in August as food prices inched higher over the previous month, but stayed well within the central bank's tolerance band, leaving room for another...

Bank of Canada to cut rates on September 17, at least one more to follow this year

BENGALURU -The Bank of Canada will cut its overnight rate by a quarter point on September 17 as the labour market deteriorates and economic activity weakens, according to most economists in a Reuters...

Sterling slips as economy stagnates; eyes on BoE

LONDON -The British pound dropped against the dollar on Friday after data showed the economy had stagnated in July, although it was still set for its second weekly rise before a Bank of England...

Fed's fear meter may be pointing to stagnation, rather than stagflation

WASHINGTON -Federal Reserve officials, already expected to cut interest rates next week, may also be closer to settling a months-long debate over the risks of stagflation after recent data showed...

Currencies: Its fate is sealed

Reactions to the release of the US jobs report seem to confirm an easing of key interest rates following the forthcoming monetary policy committee meeting on Wednesday September 17. The question now...

BOJ should watch out inflation risks from weak yen, ex-Japan FX diplomat says

TOKYO -The Bank of Japan should be mindful of the risk of inflation accelerating due to the yen's prolonged weakness, as Japan's interest rates remain ultra-low, former top currency diplomat Toyoo...

BOJ set to keep rates steady, offer cautious optimism on outlook

TOKYO -The Bank of Japan is expected to keep interest rates steady next week and signal its cautious optimism the economy appears to be weathering the hit from U.S. tariffs, a message that may keep...

US, Japan reaffirm FX commitments, leave room for interventions

The United States and Japan reaffirmed their commitment to market determined exchange rates, while agreeing that foreign exchange interventions should be reserved for combating excess volatility,...

India stock benchmarks to open higher on rising bets for US rate cut

India's equity benchmarks are likely to open higher on Friday, tracking global gains, as softer U.S. jobs data overshadowed a hotter-than-expected inflation reading and bolstered bets for Federal...

Dollar on back foot as jobless claims firm up Fed rate cut views

SINGAPORE -The dollar remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next...

US consumer inflation accelerates; weekly jobless claims approach four-year high

U.S. consumer prices increased by the most in seven months in August amid higher costs for housing and food, but a surge in first-time applications for jobless benefits last week kept the Federal...

Indian exporters seek loan relief, favorable rupee rate in meeting with central bank, sources say

MUMBAI -Indian exporters, hurt by punitive tariffs imposed by the U.S., have sought a moratorium on loan repayments and a favorable exchange rate from the country's central bank in a closed-door...