Analysis: Currencies

Currencies: Sell cheap, little-used dollars

The attempt to normalize trade relations has just taken a new turn with the US president's statements on European imports. Unsurprisingly, the tariffs were put on hold as soon as they were mentioned.

Russia's cooling economy facing 'hypothermia' risks, minister warns

MOSCOW -Russia's economy is facing hypothermia risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account when it meets to set...

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

LONDON -The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald...

South African rand slips, local rate decision in focus

JOHANNESBURG -The South African rand weakened on Monday, with the central bank's interest rate decision likely to be the highlight this week. At 1533 GMT, the rand traded at 17.86...

India's central bank seeks approval for overseas rupee lending to neighbours, sources say

NEW DELHI -India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two...

Trading Day: Trump shatters tariff calm with new salvo

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Just when a degree of calm appeared to have settled over...

Fed's Cook: April market volatility will help hone financial stability assessment

Federal Reserve Governor Lisa Cook on Friday noted financial market volatility last month driven by the Trump administration's announcement of unexpectedly high tariffs did not result in the kind of...

Global equity funds post their biggest weekly outflow in six weeks

Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation,...

Canada March retail sales rise 0.8%; seen up 0.5% in April

OTTAWA -Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. ...

BofA joins peers in lifting rupee forecast; sees 84/USD by December (May 22)

MUMBAI -Bofa Global Research expects the Indian rupee to strengthen to 84 per U.S. dollar by December 2025 from a prior forecast of 87, joining peers in turning more bullish on the currency amid...

Hungary's Orban says EU plan to ban Russian energy imports must be prevented

BUDAPEST -The European Union's plan to ban Russian energy imports must be prevented by all means, Hungarian Prime Minister Viktor Orban told state radio on Friday.   The European...

Rupee soars with Asian peers to post best day in over two years

The Indian rupee rose sharply on Friday to post its best single-day gain in more than two years as worries over U.S. fiscal health and the impact of trade tariffs continued to weigh on the dollar,...

BOJ vigilant on markets as super-long yields soar

BANFF, Alberta -Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely monitor market moves as yields on super-long Japanese government bonds reached record highs this...

Bank of Canada head warns of weak growth if tariff uncertainty persists

BANFF, Alberta -Bank of Canada Governor Tiff Macklem said on Thursday he expected second-quarter growth to be quite a bit weaker than the first quarter, and that it could be worse in subsequent...

Fed's Perli encourages firms' use of Standing Repo Facility

NEW YORK -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has...

Russian lawmakers push for right to ignore Western company buyback options

Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic...

G7 glosses over tariffs, pledges to cut global economic imbalances

BANFF, Alberta -Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to tackle excessive imbalances in the global...

US real earnings stalled across age, income groups in past year, study shows

WASHINGTON -Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better...

China lodges complaint with EU over Russia-related sanctions on its firms

BEIJING -The Chinese Mission to the EU said on Thursday that it had lodged solemn representation with the EU over its Russia-related sanctions on Chinese firms. China is strongly...