February 9, 2026
United States:
IMF Chief Plays Down the Dollar’s ‘Short Term Variations’
The head of the International Monetary Fund downplayed the dollar’s decline over the past year, saying the US currency will probably retain its preeminent position.
“We should not get carried away by short term variations of the exchange rate,” the IMF Managing Director Kristalina Georgieva said in an interview on Monday with Bloomberg Television. “I don’t see a change in the role of the dollar anytime soon.”
Europe:
Villeroy Quits Bank of France, Letting Macron Pick Governor
Bank of France Governor Francois Villeroy de Galhau unexpectedly quit early in a move that leaves the choice of his successor to Emmanuel Macron instead of a possible future president from the far right.
The shock resignation, which takes effect in June, means one of Europe’s most influential policymakers will exit well before the October 2027 conclusion of his second term in office.
Asia:
Japan’s Real Wages Drop Extends to Full Year as Prices Advance
Japanese workers’ real wages fell in every month of 2025, underscoring the persistence of inflation and bolstering the case for Prime Minister Sanae Takaichi to continue down a more expansionary fiscal path after she secured a sweeping election victory on Sunday.
Real wages slipped 0.1% from a year earlier in December, the labor ministry reported Monday.
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