Analysis: Currencies

Rupee slips; S&P upgrade lends a lifeline ahead of Trump-Putin meet

The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P's upgrade offered a silver lining. The rupee closed at 87.5500 against...

Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026

NEW YORK -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks rose around the world on...

Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says

Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently,...

Bank of Canada divided on impact of monetary policy given tariffs, say minutes

Ahead of the Bank of Canada's July 30 interest rate decision, governors were divided on how much monetary policy could aid growth under current economic conditions, minutes of the meeting showed on...

Russia's GDP growth slows to 1.1% in Q2, says Rosstat

Russia's gross domestic product grew by 1.1% in the second quarter of 2025 compared with 4.0% growth in the same period last year, federal statistics service Rosstat said on Wednesday, another sign...

Brazil unveils aid package for exporters hit by US tariffs

BRASILIA -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products...

Fed cut seen near certain after inflation data, Bessent comments

WASHINGTON -The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott...

Sterling edges up to highest level since July on rate outlook

LONDON -The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones,...

US 30-year mortgage rate dropped last week, refi applications surged

The interest rate for the most popular U.S. home loan dropped to 6.67% last week, the lowest rate since early April, triggering a rush of homeowners seeking to lock in cheaper financing on existing...

China July bank loans unexpectedly contract for first time in 20 years

BEIJING -China's new yuan loans contracted in July for the first time in 20 years as the economy struggled, falling well short of analysts' forecasts, but improvements in broader credit growth...

BOJ faces pressure to ditch obscure inflation gauge, clear path to tighter policy

TOKYO -Pressure is mounting within the Bank of Japan to ditch a vaguely defined gauge of inflation as worries about second-round price effects prompt some board members to call for a more hawkish...

Dubai developers bring construction in-house as demand surges

DUBAI -In a city famed for transforming desert into skyline, developers are taking the building process into their own hands as they seek to turbo-charge a property boom and maximise cash flow. ...

Gold gains on weak dollar, investors ramp up Fed rate cut bets

Gold rose on Wednesday, lifted by a weaker dollar and falling Treasury yields, as mild U.S. inflation data cemented expectations for a Federal Reserve rate cut in September and nudged up bets on...

Japan's wholesale inflation slows for 4th month in July

TOKYO -Japan's annual wholesale inflation slowed for the fourth straight month in July, data showed on Wednesday, underscoring the central bank's view that upward price pressure from raw material...

Japan manufacturers' sentiment rises in August after US trade deal, but tariffs cloud outlook

TOKYO -Japanese manufacturers grew more confident about business conditions in August after a trade agreement between Tokyo and Washington, but remained cautious about the outlook due to potential...

Brazil to provide $5.6 billion to help exporters navigate US tariffs

BRASILIA -Brazil's President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais in credit as part of a plan to support companies that export goods and are...

Brazil orange juice byproducts will suffer from Trump tariffs

SAO PAULO -Brazilian exporters of orange juice byproducts will suffer a major revenue decline from a hefty 50% U.S. tariff imposed on many of the country's products in early August, industry trade...

Cheaper gasoline restrains US consumer prices; worries about data quality rise

WASHINGTON -U.S. consumer prices increased marginally in July, though rising costs for services such as airline fares and some tariff-sensitive goods like household furniture caused a measure of...