Currencies

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...

Copper lurches to record high above $14,000 as speculators pile in

Copper prices spiked to a record high of more than $14,000 a metric ton on Thursday, as speculators extended their buying spree, encouraged by expectations of strong demand and supported by a weak...

India's RBI likely sold dollars ahead of open to support rupee, traders say

The Indian central bank likely sold dollars before the local spot market opened on Thursday to support the rupee, three traders said, after the non-deliverable forward markets signalled a potential...

RBI to keep interest rates steady at 5.25% through 2026

The Reserve Bank of India will hold its key interest rate steady at 5.25% through 2026, according to a majority of economists polled by Reuters, as the central bank gauges the impact of previous rate...

Brazil's PicPay prices New York IPO at $19 per share, top of indicated range

Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top of the indicated price range, the company said. PicPay said it sold about...

Dollar rebounds as Fed holds rates steady

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Dollar holds gains against euro, yen after Fed stands pat on rates

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Threat to Fed's independence boosts economic uncertainty, says Bank of Canada head

The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date...

Instant View: Bank of Canada holds benchmark interest rate at 2.25%

The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might...

Brazil's PicPay set to price New York IPO at top of range, source says

Brazilian digital bank PicPay is expected to price its U.S. initial public offering on Wednesday at the top of the indicated price range of $16 to $19 per share, a source familiar with the matter...

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Fed expected to hold rates steady as rate-cut pause begins

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with...

For Fed, uptick in bank lending may add to case against rate cuts

Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the...

Bank of Canada expected to hold rates steady as economy weathers Trump tariffs

The Bank of Canada is widely expected to leave its key interest rate unchanged on Wednesday after data in recent weeks showed the country's economy has largely been stable and in line with the central...