Analysis: Currencies

Sterling rises against weaker dollar as UK-EU agree trade reset

The pound rose against a weaker dollar and fell against the euro on Monday after Britain agreed a major trade and defence reset with the European Union, though FX market attention stayed on U.S....

Kenyan shilling flat against dollar, LSEG data shows

NAIROBI -Kenya's shilling was stable against the dollar on Monday, data from the London Stock Exchange Group showed. At 0938 GMT, the shilling traded at 129.00/129.40 per dollar,...

South African rand edges lower before budget and Trump meeting

JOHANNESBURG -The South African rand edged lower on Monday before this week's budget speech and a planned meeting between President Cyril Ramaphosa and U.S. President Donald Trump in Washington. ...

EU and UK reach tentative agreement ahead of summit, say EU officials

BRUSSELS -The European Union and Britain reached a tentative agreement on defence and security, fisheries and youth mobility ahead of a EU-UK summit on Monday, paving the way for British firms to...

Rupee to track trade deal cues; bond yields seen rangebound

MUMBAI -The Indian rupee is likely be rangebound this week as markets watch for updates on U.S.-India trade talks, while bond traders await a possible announcement on the central bank's surplus...

Japan halts some poultry imports from Brazil after bird flu outbreak

TOKYO -Japan has suspended imports of poultry meat from the southern Brazilian city of Montenegro and live poultry from the wider state of Rio Grande do Sul following a bird flu outbreak, an official...

UK-EU edge towards a reset on e-gates, food and defence

LONDON -Britain hopes to secure a reset deal with the European Union on Monday that would boost defence and security cooperation, and smooth the arrival of people and also food into the bloc, its...

US Federal Reserve aims to trim staff by 10% in coming years

WASHINGTON -The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump's broader efforts to streamline...

Brazil's first bird flu case on commercial firm triggers Chinese ban

SAO PAULO -Brazil on Friday confirmed its first case of the highly contagious bird flu virus on a commercial chicken farm in the south of the nation, triggering a temporary trade ban from its main...

Five charts on Romania's election-driven market jitters

LONDON -Romania holds the deciding round of its presidential election on Sunday with hard-right eurosceptic front-runner George Simion facing off against reformist Nicusor Dan. The...

UAE partners with Italian startup for AI supercomputer

MILAN -United Arab Emirates tech firm G42 agreed on Friday to partner with Italian artificial intelligence startup iGenius to develop a major AI supercomputer in Italy, the companies said in a joint...

Brazil's Gol secures $ 1.9 billion in exit financing with 5-year term

Brazil's airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday. Additional demand...

Argentina's black market for dollars falters as currency controls are eased

On the streets of downtown Buenos Aires, where years of tough currency controls fermented a thriving black market for dollars, an army of illegal money traders are finding times hard under the...

Sterling on track for fifth weekly rise versus euro, await UK-EU meeting

Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April. President Donald Trump's April 2...

China's neighbors are betting on their currencies to appease Trump

With the currencies of South Korea, Taiwan, and Japan posting notable gains in recent days, speculation is rife that these economies may use a revaluation of their currencies as leverage in their...

Kenya's shilling stable versus dollar, LSEG data shows

NAIROBI -Kenya's shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed. At 0727 GMT, the shilling traded at 129.00/129.40 per dollar,...

Japan's April core inflation likely sped up to fastest pace in two years

Japan's April core inflation probably rose at its fastest pace in two years on the reduction of energy subsidies and higher food costs, a Reuters poll showed, adding to pressure on the central bank to...

Rupee flat on day; dips on week as corporate, interbank dollar bids weigh

The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand...

Fed's Barr says economy on solid footing, trade dispute clouds outlook

WASHINGTON -The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on...