Analysis: Currencies

Euro zone economy ends 2025 with solid growth despite low exports, US trade strife

The euro zone economy grew quicker than expected last quarter as consumption and investments kicked into higher gear, offsetting low exports and the exceptional uncertainty emanating from U.S. trade...

Euro zone economy ends 2025 on solid footing, confirming resilience

The euro zone's largest economies grew at a modest but steady pace last quarter as consumption and investments kicked into higher gear to offset low exports and exceptional uncertainty from erratic...

Germany's Merz says economy his main focus after jobless numbers hit 12-year high

German Chancellor Friedrich Merz said on Friday that boosting the economy would be his main focus this year, after data showed that unemployment has powered past the 3 million mark to a 12-year high. ...

European shares cap strong January with earnings-fuelled gains

Europe's main share index ended higher on Friday, marking its longest monthly winning streak since 2021 as investors digested corporate earnings and news that U.S.-President Donald Trump nominated an...

Trump says Fed pick due Friday after meeting Warsh at White House

President Donald Trump is expected to name a successor to Federal Reserve Chair Jerome Powell on Friday after a White House meeting the previous day with former Fed Governor Kevin Warsh, a Fed critic...

Investors gain some Fed clarity with Warsh choice, but mull rate path

The choice of Kevin Warsh to lead the U.S. Federal Reserve clears uncertainty on Wall Street about the central bank's likely next chair, but leaves investors weighing how the former Fed governor's...

Instant View: Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump says he will announce his Fed chief nominee on Friday

U.S. President Donald Trump said he will announce his pick to replace Federal Reserve Chair Jerome Powell on Friday morning. I'll be announcing the Fed chair tomorrow morning, Trump said...

Core inflation in Tokyo slows, still on track to hit BOJ goal

Core inflation in Japan's capital slowed to a 15-month low in January due to the effects of gasoline subsidies and easing price pressure on food, data showed on Friday, a sign consumers were getting...

Digital euro to provide retail payments backbone Europe needs, ECB's Cipollone says

The euro zone needs to be self-sufficient in handling payments and the digital euro will provide the necessary infrastructure for retail transactions, European Central Bank Executive Board Member...

EU pandemic recovery fund boosted growth, more effects to come later

The European Union's economy is likely to be 1.4% bigger this year following the cumulative effect of investment and reforms implemented since 2021 under the EU pandemic recovery fund, Economic...

Wall Street opens mixed as markets digest Big-Tech AI splurge

Wall Street opened mixed on Thursday, as investors waded through mega-cap tech results that showcased another surge in AI spending, while the Federal Reserve held rates steady as widely expected. ...

US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years

The number of Americans filing new applications for unemployment benefits fell last week from an upwardly revised level in the prior week, suggesting layoffs remained low, but tepid hiring is stoking...

Bank of Canada governor warns of unusual potential for new economic shock due to Trump policy

Bank of Canada Governor Tiff Macklem told Reuters he saw unusual potential for a new shock to the economy, given elevated geopolitical risks and U.S. trade policy. Macklem said in an...

Euro zone corporate lending growth slows in December

Lending growth to euro zone firms stalled last month but household lending kept inching up, European Central Bank data showed on Thursday, backing the views of economists that the currency bloc's...

DBS India treasurer sees rupee weakening to 93-94, flags need for inflow measures

The Indian rupee is likely to gradually weaken to 93-94 to the U.S. dollar this year as capital inflows dwindle, highlighting the need for major measures to attract foreign funding, a senior official...

Rupee strain intensifies pressure on India's interest-rate swaps

Expectations of the rupee depreciating further are spilling over into India's rates market, with speculative offshore and hedging flows pushing up FX forward points and having a knock-on impact on...

Japan leans on US backing, tactical silence in war on yen bears

Japan's top monetary officials are leveraging rare U.S. backing in their fight against the weak yen, using tactical silence and calibrated communication to drive the currency sharply higher without...