Analysis: Currencies

Canadian economy posts big October drop, partial recovery seen in November

Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday. ...

Yen strengthens amid intervention threat, traders await US data

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene while traders awaited U.S. GDP data. ...

Italy's government wins upper house confidence vote on 2026 budget

Italy's government comfortably won a vote of confidence in the upper house Senate on Tuesday over its 2026 budget, keeping it on track to secure parliament's final approval before the end of the...

Bankers urge RBI action as dollar glut, NDF pressure roil Indian rupee forwards

Bankers are urging the Reserve Bank of India to intervene as a surge in dollar liquidity heading into year-end and pressure in the non-deliverable forward market have pushed rupee forward premiums to...

BOJ's hawkish wink suggests next hike may be sooner than markets think

The Bank of Japan chief's vague commentary on the timing of the next interest rate hike last week riled up the yen bears once again, but hidden in his caution were firm clues the bank could pull the...

Yen strengthens in thin trade amid intervention threat

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene, as the Japanese currency hovered near recent...

Japan issues sternest intervention warning, says yen deviating from fundamentals

Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama said on Tuesday, issuing the strongest warning to date on Tokyo's readiness to intervene in the...

Frail yen whipped around as intervention threat swirls

The yen perked up amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalled Tokyo's readiness to intervene as the Japanese currency hovered near recent lows...

Japan has 'free hand' in dealing with excessive yen moves, finance minister tells Bloomberg

Japan has a free hand in dealing with excessive moves in the yen, Finance Minister Satsuki Katayama told Bloomberg in an interview on Monday, signaling Tokyo's readiness to intervene in the currency...

Currencies: That's Life

The two main events of last week were the jobs report, followed by US inflation data. While the former triggered some profit-taking, the latter was welcomed by investors. Let's take a quick look at...

Indian central bank net sold $11.88 billion in October to arrest rupee's fall, bulletin shows

The Reserve Bank of India sold a net $11.88 billion in the foreign exchange market in October, data released on Monday showed, reflecting the central bank's efforts to support the rupee. ...

Sterling keeps rising after the Bank of England raised the bar on rate cuts

The pound rose on Monday, building on gains made last week after the Bank of England delivered a widely expected rate cut, but suggested that the bar for further declines was high, given persistent...

Dire year for dollar has little light at end of tunnel in 2026

A dismal year for the U.S. dollar is ending with signs of stabilization, but many investors believe the currency's decline will resume next year as global growth picks up and the Fed eases further. ...

Japan's yen gains on intervention signals, softer US dollar

The yen firmed against the U.S. dollar on Monday after Japanese officials warned against one-sided and sharp currency moves, signaling readiness to take appropriate action in what analysts viewed as a...

BOJ to raise interest rates to 1.5% under Ueda, ex-central bank policymaker says

The Bank of Japan will likely raise interest rates three more times to 1.5% during Governor Kazuo Ueda's remaining term through early 2028, former central bank board member Makoto Sakurai told Reuters...

Japan eyes $7 trillion household savings pile for fresh bond demand

Japan is looking to the country's $7 trillion household savings hoard to support bond demand with plans to launch new products and incentives, building on hot recent retail sales and filling a void...

Yen wallows near record lows on cautious BOJ stance despite intervention warnings

The yen languished near record lows to the euro and Swiss franc on Monday as the lack of hawkish signals from the Bank of Japan emboldened traders, even as Japanese officials stepped up warnings...

Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike

The yen languished near a record low to the euro on Monday, after Bank of Japan Governor Kazuo Ueda stuck to his usual cautious rhetoric following an interest rate hike on Friday. The...

White House's Hassett tells Fox Business Trump is right where others are wrong about inflation

White House economic advisor Kevin Hassett, who is on a shortlist to potentially become Federal Reserve leader, said on Fox Business Friday that President Donald Trump is right when he says inflation...