Analysis: Currencies

Fed's Schmid: inflation is too hot, policy is where it should be

Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about too hot inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could...

Etihad Airways nine-month profit up 26% as passenger revenue jumps

ABU DHABI -Etihad Airways reported a nine-month profit of 1.7 billion dirhams on Friday, up 26% year-on-year, driven by higher revenue in both its passenger and cargo businesses. ...

US weekly jobless claims edge down, Haver Analytics estimates

WASHINGTON -The number of Americans filing new applications for unemployment benefits eased slightly last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions that...

Price of buying new car in Russia hits a record high, analytical agency says

MOSCOW -The average price of buying a new car in Russia hit a record high in October, rising to 3.43 million roubles , Russian analytical agency Autostat said on Thursday, saying consumers were...

Indian mutual funds pivot to ultra-short debt as rate outlook clouds bets

MUMBAI -India's mutual funds will stick with ultra-short-term bonds as an uncertain interest rate outlook and global trade concerns curb appetite for long-tenor securities, fund managers said. ...

With markets underpricing risk, Europe must not ease bank regulation, ECB argues

FRANKFURT -Financial markets are underpricing geopolitical risks and nearly all euro zone banks are exposed to some extent, so weakening regulation now could jeopardize the sector's viability in the...

Japan's wholesale prices rise more than expected on sticky food inflation

TOKYO -Japan's wholesale prices rose more than expected in October as the cost of rice and other food remained stubbornly high, data showed on Thursday, keeping pressure on the central bank to resume...

Bank of Japan aims for wage-driven inflation, aligns with government view

TOKYO -Bank of Japan Governor Kazuo Ueda said the central bank is aiming for moderate inflation accompanied by wage rises and economic improvement, signalling that its goal aligns with Prime Minister...

Fed's Collins says 'likely appropriate' to keep policy rate on hold

Boston Federal Reserve President Susan Collins, who voted for the Fed's policy-rate reduction last month, said on Wednesday she sees a relatively high bar for additional easing in the near term,...

US Supreme Court to hear Trump's bid to fire Fed's Lisa Cook on January 21

The U.S. Supreme Court announced on Wednesday that it will hear arguments on January 21 in President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook, a move without precedent that...

Bostic announces retirement amid Trump push for more influence over Fed

WASHINGTON -Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the U.S. central bank's 12 regional banks, said on Wednesday he will retire at the...

Fed's Waller: streamlined payment accounts to be operational by 4Q 2026

The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, Fed...

Fed may soon start buying bonds to manage market liquidity, Williams says

NEW YORK -New York Federal Reserve President John Williams reiterated on Wednesday the time is getting closer when the U.S. central bank will have to restart bond purchases as part of a technical...

Currencies: dollar at a turning point

With the shutdown now a thing of the past, one of the recent supports for the dollar may have disappeared with it. We should have some answers this week with the release of the latest US inflation...

German exports get welcome boost from Eastern Europe, says business group

BERLIN -Germany's export business, struggling under high U.S. tariffs and a slump in China, got a welcome shot in the arm from trade with Eastern Europe in the first nine months of this year,...

New reflationist members at Japan's top economic panel push for big stimulus

TOKYO -Two newly appointed members of the Japanese government's top economic panel called on Wednesday for an economic stimulus package larger than last year's, highlighting a stronger reflationist...

Berlin to set aside 7.6 billion euros for TenneT Germany as it considers 25.1% stake

BERLIN -The German government is considering acquiring a 25.1% minority stake in electricity grid operator TenneT's German unit, an economy ministry spokesperson said on Wednesday, for which it plans...

Rumors rife about Starmer's future in London

Rumors about the future of the British Prime Minister and poor employment figures have reinforced the prospect of a rate cut in December. Gilt yields and the pound sterling are falling.

Yen stablecoin issuer predicts growing presence in Japan's bond market

TOKYO -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's first domestic...