Analysis: Currencies

India's forex, interest rate traders turn cautious after Kashmir attack

MUMBAI -India's foreign exchange and interest rate traders have turned cautious on fears of a possible escalation in tensions between New Delhi and Islamabad following a deadly militant attack in...

Japanese investors turned net buyers of overseas bonds last week

Japanese investors were net buyers of overseas bonds in the week through April 19, as U.S. bond markets recovered somewhat after a heavy selloff earlier this month. Japanese investors...

Rupee likely to weaken further with dollar's downtrend on hold

MUMBAI -The Indian rupee is expected to remain under pressure on Thursday, pegged back by a dollar that is finding support from expectations of thawing U.S.-China trade frictions and a calming of...

Bridgewater three co-CIOs warn 'exceptional risks' to US assets

HONG KONG -Bridgewater Associates' three Co-Chief Investment Officers said they see exceptional risks to U.S. assets under the Trump administration's rapid shift to modern mercantilism that puts...

Germany could suffer 'slight' recession this year, Bundesbank's Nagel says

BERLIN -The German economy could suffer a slight recession in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. ...

Tariffs restrain US business activity, boost asking prices for products

WASHINGTON -U.S. business activity slowed to a 16-month low in April while prices charged for goods and services soared amid uncertainty caused by tariffs, reinforcing financial market fears of...

Global trade war hits UK business sentiment, growth outlook

Global trade tensions sparked by U.S. President Donald Trump's tariffs have hurt UK business sentiment and will slow economic growth, according to a Reuters poll of economists who stuck to...

Currencies: Major maneuvers

The sometimes contradictory statements coming from the Trump administration are fueling the current uncertainty and continuing to weigh on the dollar while keeping rates high.

UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday. The S&P Global...

BOJ calls on Japan banks to be vigilant against trade policy risks

TOKYO -Japanese banks must monitor various risks associated with high levels of uncertainty over global trade policies, the Bank of Japan said on Wednesday, as U.S. President Donald Trump's tariffs...

Foreigners betting on India rate cuts lap up offshore dollar-rupee swaps

MUMBAI -Foreign investors are piling into offshore dollar/rupee non-deliverable swaps as that is a more attractive trade than overnight index swaps to bet on the Indian central bank lowering...

BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation

The Bank of Japan is likely to hold its key interest rate through June, showed a Reuters survey of economists, with a 25-basis-point hike next quarter expected by a slight majority of respondents...

Rupee to dip as dollar rally stoked by Trump's Fed comments, US-China optimism

MUMBAI -The rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that...

US could offer Argentina credit line if 'external shock' hit, Bessent says in remarks

U.S. President Donald Trump's administration would be willing to offer Argentina a credit line if an external shock jeopardized the country's economic turnaround, according to a transcript of comments...

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising...

Fed's Harker says US poverty levels may be understated

NEW YORK -Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday the true level of poverty in the United States might be understated, in comments that did not address the...

German army approaches big firms for NATO logistics aid, Handelsblatt daily says

The German army has asked several large firms about whether they could provide logistics support if the country needs to deploy soldiers and equipment to NATO's eastern border during a crisis, the...

Kenyan shilling broadly stable in quiet trade

NAIROBI -Kenya's shilling was broadly stable against the dollar on Tuesday with foreign exchange supply and demand evenly matched, traders said. At 0858 GMT commercial banks quoted the...

BOJ likely to keep rate-hike signal intact despite Trump tariff risks, sources say

TOKYO -The Bank of Japan is expected to signal next week that risks from higher U.S. tariffs will not derail a cycle of rising wages and inflation seen as crucial to keep raising interest rates, said...