Analysis: Currencies

US dollar recovers, Aussie hits five-year low after China tariff retaliation

NEW YORK -The U.S. dollar rebounded against major currencies such as the euro and yen on Friday after Federal Reserve Chairman Jerome Powell acknowledged the repercussions of larger-than-expected...

Trump says 'perfect time' for Fed to cut interest rates

WASHINGTON -U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the perfect time to do so. CUT INTEREST RATES,...

US egg imports meant to drive prices down could be hit by tariffs

U.S. President Donald Trump's new tariffs could apply to eggs being imported to ease a supply shortage, Agriculture Secretary Brooke Rollins said on Thursday, a move that industry experts said could...

Canada loses jobs in March for first time since 2022 on tariff uncertainty

OTTAWA -Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to...

Canada's economy sheds 32,600 jobs in March

TORONTO -Canada's total employment fell and the unemployment rate ticked up to 6.7% in March, data showed on Friday, as uncertainty around tariffs and their subsequent implementation took a toll on...

Fed seen waiting until June to start rate cuts, after big job gains last month 

The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the...

Sanctioned Russia escapes immediate US tariff hit, braces for long-term impact

MOSCOW -The Russian economy, mainly insulated from Western markets by sanctions, has escaped immediate damage from sweeping U.S. tariffs but the Kremlin said on Friday it needs to take extra measures...

US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura

The U.S. reciprocal tariffs will stymie economic growth and lift inflation, forcing the Federal Reserve to start lowering interest rates from the end of this year, while the European Central Bank...

Trump tariffs may delay, but won't derail, Japan rate hikes

New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that...

Kenyan shilling unchanged versus dollar, LSEG data shows

Kenya's shilling was unchanged against the dollar on Friday, data from the London Stock Exchange Group showed. At 0719 GMT, the shilling traded at 129.00/50 per dollar, the same as...

BOJ may raise rates again, then pause, says ex-board member

The Bank of Japan may raise interest rates once more this year then pause, as U.S. President Donald Trump's tariffs inflict deeper pain on the export-heavy economy, former central bank board member...

India rupee climbs past 85/USD, central bank inaction surprises

The Reserve Bank of India's inaction to the rupee's ongoing rally, which lifted it above 85, surprised market participants and sent traders scrambling to adjust positions after the central bank did...

US tariffs risk slowing global growth significantly, ADB chief economist says

The United States' sweeping new tariff regime risks slowing both U.S. and global growth, shrinking export markets and potentially prompting a Federal Reserve response, the Asian Development Bank's...

Japan February household spending dips on cost-of-living pressures

TOKYO -Japanese household spending fell for the first time in three months in February, government data showed on Friday, highlighting consumer wariness in the face of high prices and signalling a...

Carrefour hikes offer to take Brazil unit private up 10%

France's Carrefour hiked its offer to shareholders of Carrefour Brasil to take the retail giant's Brazilian unit private, both companies said on Thursday, raising the purchase price by about 10%. ...

Dollar sinks as investors grapple with tariff aftermath

The U.S. dollar sank against major peers on Thursday, dropping to six-month lows against the euro, and the safe haven yen and Swiss franc, as investors grappled with how U.S. President Donald Trump's...

Russia's Rusagro plans to boost exports despite founder's arrest

Russia's leading agricultural firm, Rusagro, whose billionaire founder was arrested last week, announced on Thursday that it plans to maintain the export of products from its flagship oil and fats...

South African markets hit by double whammy of tariffs and shaky coalition

JOHANNESBURG -South African assets remained under pressure on Thursday after being hit by a double-whammy of U.S. President Donald Trump's announcement of new and higher tariffs and a contentious...

Trump tariffs draw global promises of counter measures

Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on...