Analysis: Currencies

Norway to invest $3 billion in the TFFF forest conservation fund

BELEM, Brazil -Norway will contribute about $3 billion to the Tropical Forests Forever Facility , a multilateral fund proposed by Brazil to support global conservation of endangered forests, sources...

Fed's Miran says he expects rate cut in December

Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to. I...

Fed's Hammack is nervous about Fed policy given high inflation

NEW YORK -Federal Reserve Bank of Cleveland President Beth Hammack said Thursday she's concerned monetary policy may not be in the right place to deal with current inflation. I think...

Fed's independence has global importance, Williams says

The independence of the Federal Reserve is incredibly important not just for the U.S. economy but also for the global economy because it is what allows the U.S. central bank to control inflation...

Bank of Canada says it will be reducing its workforce by 230 jobs

OTTAWA -Bank of Canada's Senior Deputy Governor said on Thursday that the central bank will be reducing its workforce by around 230 people as part of a drive to reduce expenses.  We...

Fed's Hammack leans against more rate cuts because of high inflation

NEW YORK -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. I remain...

China's vice premier urges end to trade barriers holding back green transition

BELEM, Brazil -China's Vice Premier Ding Xuexiang on Thursday called for an end to trade barriers that are holding back the global energy transition, as he urged true multilateralism from fellow...

ECB comfortable with rates; sees only temporary inflation undershoot, VP says

FRANKFURT -The European Central Bank is comfortable with the current level of interest rates and considers any inflation dip below 2% to be temporary, Luis de Guindos, the bank's Vice President said...

Fed's Miran continues to press for rate cuts in Yahoo Finance interview

Federal Reserve Governor Stephen Miran reiterated on Wednesday that he believes the current level of short-term rates is too restrictive and is creating risks for the U.S. economy. I...

US service sector activity accelerates in October; employment still subdued

WASHINGTON -U.S. services sector activity picked up in October amid a solid increase in new orders, but subdued employment pointed to lackluster labor market conditions against the backdrop of...

Toronto home sales fall to four-month low in October

TORONTO -Greater Toronto Area home sales fell to a four-month low in October as an uncertain economic outlook discouraged buyers, Toronto Regional Real Estate Board data showed on Wednesday. ...

Bank of Japan debated growing case for rate hike, September minutes show

TOKYO -A growing number of policymakers at the Bank of Japan believed that conditions were falling into place for interest rates to rise, with two members advocating an immediate increase, minutes of...

India central bank's rupee defense saps liquidity, fuels bond buy bets

MUMBAI -The Reserve Bank of India's aggressive dollar sales to defend the rupee are draining liquidity from the banking system, prompting calls for bond purchases to ease the strain, ten traders and...

Gold holds under $4,000 on dollar resilience, Fed rate outlook

Gold traded below the $4,000-per-ounce mark again on Tuesday as the dollar remained resilient at over three-month highs, while reduced chances of another U.S. interest rate cut in December and easing...

Loan demand from US mid- and large firms improves, Fed survey shows

Business loan demand from large and mid-sized U.S. firms strengthened by the most in about three years in the third quarter while demand from small firms was essentially unchanged from the prior...

Fed's Cook: December live for a rate cut but will depend on incoming information

WASHINGTON -U.S. Federal Reserve Governor Lisa Cook said on Monday she considers December's Fed meeting live for a potential rate cut but that she will make her decision based on information from a...

Currencies: not a foregone conclusion

Small statements often make a big splash, and the latest meeting of the US Federal Reserve was no exception. While Jerome Powell delivered an eagerly awaited speech, it took very little for everything...

US economy at risk of wobble as lower-income consumers get squeezed

WASHINGTON -The U.S. consumer's durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs,...

Goldman Sachs backs bullish Indian rupee wager banking on tarriff turnaround

MUMBAI -Goldman Sachs is advising clients to take a bullish position on the Indian rupee, using an exotic option structure, despite its latest slide toward its all-time low. Taking...