Analysis: Currencies

US tech-stock stumble shows vulnerability in AI trade

NEW YORK -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away...

Exclusive-Judge in US crosshairs warns Brazil banks not to apply sanctions locally

BRASILIA -Brazilian Supreme Court Justice Alexandre de Moraes, who recently had sanctions imposed on him by the U.S. government, told Reuters that courts could punish Brazilian financial institutions...

Trump calls on Fed Governor Cook to resign over mortgage allegations

WASHINGTON -President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in...

Russia, under war spending pressure, set for more austerity, tax hikes

MOSCOW -Moscow is preparing to raise taxes and cut spending as it tries to maintain high defence expenditure with Russia's economy creaking under the weight of financing the more than three-year war...

Tech angst on AI doubts

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets In markets, the trigger for sudden confidence swoons is often elusive,...

Sterling edges up as inflation rises to highest in 1-1/2 years

LONDON -The British pound rose marginally against the dollar and euro on Wednesday after data showed inflation hit its highest in 18 months in July, with markets not fully pricing the next rate cut...

Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show

WASHINGTON -The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other...

BOJ governor Ueda to travel to Jackson Hole for Fed conference

TOKYO -Bank of Japan Governor Kazuo Ueda will travel to Jackson Hole from Thursday to join the U.S. Fed's annual conference in Wyoming, the Japanese central bank said on Wednesday. ...

Swedish central bank keeps key rate on hold, could still cut this year

STOCKHOLM -Sweden's central bank held its key interest rate at 2.00% as expected on Wednesday and said it still sees some probability of a further rate cut this year as it tries to balance...

Russia expects India to keep buying its oil and seeks China-India-Russia talks

NEW DELHI -Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral...

Oil flows resume to Hungary, Slovakia via Druzhba pipeline, officials say

Oil is once again flowing to Hungary and Slovakia via the Druzhba pipeline, officials from both countries said late on Tuesday, after a Ukrainian drone strike on an oil pumping station in Russia's...

Rupee edges lower as dollar sales by foreign banks offset most of greenback demand

The Indian rupee slipped on Wednesday, as corporate hedging and short-term speculators bolstered demand for the greenback, most of which was met by dollar sales by foreign banks. The...

Gold firms as dollar weakens, focus on Jackson Hole

Gold rose on Wednesday as the U.S. dollar eased, with market participants bracing for the upcoming Jackson Hole symposium, while minutes revealed that Federal Reserve dissenters appeared alone in...

Trading Day: Tech it down a notch

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street slumped on Tuesday,...

Fed's Bowman suggests allowing central bank staff to own small amounts of crypto products

WASHINGTON -The Federal Reserve's top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better...

Switzerland considers joining UK's 'dirty money' task force

LONDON -Switzerland is considering joining a British-led international task force targeting kleptocrats and recovering stolen assets, it said on Tuesday, as it seeks to shake off its reputation as a...

Currencies: A week of tension

Despite news about US inflation, the major currency crosses have changed little over the past week. However, things could change quickly with the meeting between the US president and European leaders...

US housing starts tick higher in July, led by apartment construction

Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases,...

India suspends cotton import duty in signal to US, relief for garment industry

NEW DELHI -India has suspended an 11% import duty on cotton until September 30, in a move seen as a signal to Washington that New Delhi is willing to address U.S. concerns on agricultural tariffs,...