Analysis: Currencies

US services sector treads water in January as new orders slow

WASHINGTON, Feb 4 - 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...

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

WASHINGTON, Feb 4 - 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...

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

BENGALURU, Feb 4 - 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...

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

MOSCOW, Feb 4 - 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 on Wednesday will set the...

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

Feb 4 - 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...

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

TOKYO, Feb 4 - 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...

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

NEW YORK/MILAN, Feb 4 - 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...

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

Feb 3 - 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...

Fed Governor Miran quits White House job

WASHINGTON, Feb 3 - 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...

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

NEW YORK, Feb 3 - 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...

Fed's Barkin says hard to know how long higher productivity will last

COLUMBIA, South Carolina, Feb 3 - Rising productivity is helping businesses ease cost pressures, aiding the U.S. central bank's inflation fight, but it is difficult to predict if it will persist and,...

Sterling steady as traders eye Bank of England decision

LONDON, Feb 3 - The pound was little changed on Tuesday as a light economic calendar made for steady trading ahead of the Bank of England's interest rate decision on Thursday. Sterling was last...

Euro zone banks tightening access to business credit, ECB survey shows

FRANKFURT, Feb 3 - Euro zone banks tightened access to corporate credit last quarter and expect to see further tightening ahead due to widespread economic uncertainty, partly related to trade...

Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says

MOSCOW, Feb 3 - Russia's gross domestic product is expected to grow by 1 to 1.3% in 2026, Deputy Prime Minister Alexander Novak said on Tuesday. For 2025, growth was estimated at 1% and the jobless...

India to ramp up purchases of US oil, arms, aircraft; open some farm access

NEW DELHI, Feb 3 - India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a...

Japan PM's idle yen comments send finance bureaucrats scrambling

TOKYO, Feb 3 - Just as Japan was finally gaining ground in its long, hard fight to stop sharp currency falls, a fresh challenge has emerged from its own prime minister, whose off-the-cuff comments...

Top consulting firms test boundaries with China workarounds

Feb 3 - Faced with a fraught geopolitical environment, global consultancies are turning to riskier ways to do business in China that some industry and legal experts say test the boundaries of Western...

India-U.S. tariffs since Trump imposed duties on India

NEW DELHI, Feb 2 - U.S. President Donald Trump on Monday said he had agreed on a trade deal with India, and that New Delhi also agreed to stop buying Russian oil and buy more from the U.S. and...