Analysis: Currencies

Canadian dollar seen correcting before uptrend resumes

The Canadian dollar is expected to give back some recent gains over the coming months, but the currency could then re-establish its uptrend if the Bank of Canada shifts to raising interest rates and...

Rupee edges up on modest inflows; importer hedging curbs gains

The Indian rupee ended modestly higher on Thursday, shored up by foreign banks' dollar sales and traders cutting intraday short bets while companies' demand to hedge their dollar exposures kept a lid...

Fed's Cook says it's time to 'wait and see' on rates

Federal Reserve Governor Lisa Cook on Wednesday signaled that she will not support another interest-rate cut until she sees more proof that price pressures are receding, saying she is more concerned...

Fed's Cook says policy rate 'ever so mildly' restrictive

U.S. Federal Reserve Governor Lisa Cook on Wednesday said she feels the policy interest rate now is only mildly restrictive, and signaled she supports taking time before reducing interest rates...

ECB keeps rates unchanged, signal comfort with dollar weakness

The European Central Bank left interest rates on hold as expected on Thursday and played down the impact of dollar moves on its future choices, with a largely unchanged inflation outlook also...

Trump says 'not much' doubt interest rates will be lowered, in NBC interview

U.S. President Donald Trump said on Wednesday there was not much doubt in his mind that benchmark U.S. interest rates will be lowered by the Federal Reserve. Trump said in an interview...

US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal

Republican Senator Tim Scott on Wednesday said he does not believe Federal Reserve Chair Jerome Powell broke the law when he testified to Congress last summer, and would say that to any prosecutor who...

Hedge funds jump into volatile January to reap returns

Hedge funds posted positive returns in January thanks to ripples of market volatility stemming from U.S. military action in Venezuela, questions around the independence of the Federal Reserve and a...

US services sector treads water in January as new orders slow

The U.S. services sector held steady in January, but businesses paid more for inputs, suggesting that services inflation could pick up after being on a slowing trend in recent months. ...

US services sector steady in January,  supply constraints from AI data centers feared

The U.S. services sector held steady in January, with businesses increasingly worried about supply constraints tied to a data center construction boom powering artificial intelligence. ...

Indian rupee forecast to remain weak, rangebound, despite US-India trade deal

The Indian rupee is forecast to remain in a narrow range over the next few months, having clawed back only a fraction of the losses it has racked up against the dollar since early 2025, a Reuters poll...

Russian services sector sees strongest growth in a year, VAT hike fuels inflation

Russia's services sector expanded at its fastest pace in a year in January, buoyed by stronger demand and a rise in new orders, an S&P Global survey showed on Wednesday. The S&P Global...

Euro zone faces inflation hurdle before ECB

A look at the day ahead in European and global markets from Rae Wee A look at the day ahead in European and global markets from Rae Wee Euro zone preliminary inflation data...

Ultra-low bond spread unity still out of reach for euro area

Euro zone sovereign bond yield spreads are at their lowest since Lehman Brothers collapsed in 2008, but investors say steeper falls will be difficult without deeper reforms, as volatile geopolitics...

BOJ won't come to the rescue of a Takaichi-driven bond rout

Prime Minister Sanae Takaichi should not count on the Bank of Japan's help in taming sharp bond yield rises given the huge cost of intervention, including the significant risk of igniting unwelcome...

Yen heads for fourth straight day of losses ahead of Japan's elections

The dollar rose against the yen on Wednesday, pushing the Japanese currency towards its fourth consecutive daily decline ahead of elections expected to boost Prime Minister Sanae Takaichi's fiscal and...

Democratic senators seek delay in nomination proceedings of Warsh for Fed chair

The Democratic members of the Senate Banking committee on Tuesday asked Republican committee chair Senator Tim Scott to delay the nomination proceedings for former Federal Reserve governor Kevin...

Fed Governor Miran quits White House job

Federal Reserve Governor Stephen Miran resigned on Tuesday from his position as chair of the White House's Council of Economic Advisers, fulfilling a pledge he made to the Senate as his assignment at...

Investors ramp up bets on steeper yield curve under Warsh-led Fed

Investors are ramping up bets on higher long-dated Treasury yields and a steeper yield curve as incoming Federal Reserve Chair Kevin Warsh is expected to press for interest rate cuts while shrinking...