Analysis: Currencies

India's RBI likely sold dollars ahead of open to support rupee, traders say

The Indian central bank likely sold dollars before the local spot market opened on Thursday to support the rupee, three traders said, after the non-deliverable forward markets signalled a potential...

RBI to keep interest rates steady at 5.25% through 2026

The Reserve Bank of India will hold its key interest rate steady at 5.25% through 2026, according to a majority of economists polled by Reuters, as the central bank gauges the impact of previous rate...

Brazil's PicPay prices New York IPO at $19 per share, top of indicated range

Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top of the indicated price range, the company said. PicPay said it sold about...

Dollar rebounds as Fed holds rates steady

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Dollar holds gains against euro, yen after Fed stands pat on rates

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Threat to Fed's independence boosts economic uncertainty, says Bank of Canada head

The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date...

Instant View: Bank of Canada holds benchmark interest rate at 2.25%

The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might...

Brazil's PicPay set to price New York IPO at top of range, source says

Brazilian digital bank PicPay is expected to price its U.S. initial public offering on Wednesday at the top of the indicated price range of $16 to $19 per share, a source familiar with the matter...

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Fed expected to hold rates steady as rate-cut pause begins

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with...

For Fed, uptick in bank lending may add to case against rate cuts

Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the...

Bank of Canada expected to hold rates steady as economy weathers Trump tariffs

The Bank of Canada is widely expected to leave its key interest rate unchanged on Wednesday after data in recent weeks showed the country's economy has largely been stable and in line with the central...

Pound gives back some gains after hitting four-year high on Trump comments

The pound dipped on Wednesday after surging to a four-month high the previous day as comments from U.S. President Donald Trump deepened investors' concerns about the dollar. Sterling was...

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. ...