Analysis: Currencies

Fed's independent structure has proved its worth, Waller says

PALO ALTO, California -The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has...

China's commerce minister meets with head of Russia's economic development ministry

China's commerce minister met with the head of Russia's ministry of economic development in Moscow on Thursday, according to a Chinese ministry statement on Friday. The two officials had...

Canada's unemployment rate jumps to 6.9% in April as Trump tariffs bite

OTTAWA -Canada's unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada's export-dependent economy in earnest, data showed on Friday. ...

India's forex reserves drop $2 billion, snap 8-week streak of gains

MUMBAI -India's foreign exchange reserves declined by $2.07 billion, to $686.06 billion as of May 2, snapping an eight-week gaining streak that had lifted reserves to a near six-month high, data...

Sterling claws higher after US/UK trade deal

LONDON -The pound rose on Friday, following the announcement of a breakthrough trade deal between Britain and the United States the previous day. U.S. President Donald Trump and...

South African rand little changed before US-China trade talks

JOHANNESBURG -The South African rand was little changed on Friday, as financial markets were firmly focused on U.S.-China trade talks this weekend after a U.S. deal with Britain raised hopes for...

Rupee logs sharp weekly fall as India-Pakistan conflict intensifies

The Indian rupee declined this week as the conflict between India and Pakistan intensified, hurting local equities and sovereign bonds, while likely intervention by the central bank on Friday helped...

UK sanctions directors of oil trading group over Russian ties

LONDON -Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as...

Trading Day: Tariff tensions cool, markets sizzle

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wot's ... uh the deal? A wave of trade...

Canadian financial system stable, but trade war poses big risks, says central bank

OTTAWA -A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt,...

FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall

The Bank of Canada released the following statement by Governor Tiff Macklem on Thursday: Good morning. Senior Deputy GovernorCarolyn Rogers and I are pleased to be here to discuss the...

US, Russia explore ways to restore Russian gas flows to Europe, sources say

LONDON/MOSCOW -With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the...

South African rand lifted by optimism about US trade deals

JOHANNESBURG -The South African rand strengthened on Thursday, boosted by optimism that U.S. President Donald Trump would seal trade deals with major partners after he announced a first agreement...

India-Pakistan conflict pushes rupee to worst day in over two years

The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country's bonds and equities. ...

Bank of England set to cut rates amid worries about Trump tariff fallout

LONDON -The Bank of England is poised to extend its slow run of interest rate cuts on Thursday with investors watching for any signs that it could soon pick up the pace as U.S. President Donald...

Exclusive-Ukraine considers shift from dollar to euro amid geopolitical realignments

Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central...

Fed sees rising risks to economy as it leaves rates unchanged

WASHINGTON -The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its...

Slovakia and Hungary reject EU plan to phase out Russian gas by end-2027

Slovakia and Hungary on Wednesday condemned European Commission plans to phase out Russian gas and other energy imports, deepening a rift with Brussels over relations with Moscow. The EU...

Ivory Coast raises projected cashew output as threatened tariffs hit exports

Ivory Coast, the world's biggest cashew grower, has raised its projected output to 1.3 million metric tons from 1.15 million tons even as potential U.S. tariffs and a falling dollar drag down exports,...