Analysis: Currencies

German producer prices fall 0.2% y/y in March

German producer prices fell in March, decreasing by 0.2% on the year, the federal statistics office reported on Thursday. Analysts polled by Reuters had expected a 0.4% increase. ...

BlueBay sells US dollars short, citing low investor confidence

RBC BlueBay Asset Management has opened short positions on the U.S. dollar, betting on the end of U.S. exceptionalism as President Donald Trump's trade war threatens to destroy decades of trust and...

BOJ to cut growth forecast as US tariffs hit, sources say

TOKYO -The Bank of Japan is set to cut its economic growth forecasts at its April 30-May 1 policy meeting as U.S. President Donald Trump's tariffs heighten risks to a fragile, export-reliant...

Powell says Fed remains in wait-and-see mode; markets processing policy shifts

U.S. Federal Reserve Chair Jerome Powell said on Wednesday the Fed would wait for more data on the economy's direction before changing interest rates, but cautioned that President Donald Trump's...

Fed Chair Powell: Cutting discretionary federal spending will not fix US debt problem 

Federal Reserve Chair Jerome Powell on Wednesday reiterated the long-held view of Fed chairs going back decades that growth in the U.S. federal debt needs to be reined in, but he suggested that...

Powell does not think Trump's labor board firings case will apply to Fed

The legal case before the Supreme Court over President Donald Trump's firing of two Democrats from federal labor boards does not likely apply to the Federal Reserve, the head of the U.S. central bank...

Fed's Powell says markets orderly, downplays intervention risk

Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced. Asked if the Fed would...

Bank of Canada holds rates, says it will act decisively if need be

OTTAWA -The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to act decisively if needed to keep inflation under...

Top Bank of Canada officials speak after central bank holds policy rate steady

TORONTO -Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy...

Bank of Canada holds benchmark rate steady at 2.75%

TORONTO -The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%, its first pause after seven consecutive cuts. MARKET REACTION: [CAD/] LINK: ...

US manufacturing output slows in March; tariffs cloud hangs over factories

U.S. manufacturing production rose moderately in March and could decelerate further amid President Donald Trump's global tariffs, which have sparked a trade war with China. Factory...

Argentina's FX gamble reaps early wins. Now for the hard part

Argentina's libertarian President Javier Milei rolled the dice this week on a major economic swerve, tearing down currency controls that had been in place for almost six years to protect the peso and...

Bank of Canada says US tariffs could trigger deep recession

If U.S. tariffs trigger a global trade war, inflation in Canada would spike and the country would enter a deep recession, according to a Bank of Canada scenario released on Wednesday. ...

FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor

The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: Good morning. I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss...

Japan manufacturers turn cautious about business outlook due to Trump tariffs

Japanese manufacturers expressed improved business sentiment in April versus March though are bearish about their outlook over the next three months as they brace for the impact of sweeping U.S....

Trading Day: Another lull, but fireworks are coming

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  ECB, China GDP, Powell up next Investors...

Brazil auto market offers warning for US tariff policy

When Brazil hiked trade barriers in its auto market over a decade ago, the government promised more local manufacturing, reliable jobs and better cars. Instead, carmakers opened and then...

US import prices muted, but tariffs loom over inflation

U.S. import prices unexpectedly fell in March, pulled down by decreasing costs for energy products, the latest indication that inflation was subsiding before President Donald Trump's sweeping tariffs...

Canadian home sales post weakest March since 2009 on tariff uncertainty

Canadian home sales and house prices declined in March, while the outlook for the full year turned less rosy, as U.S.-led global trade tensions threatened to upend the domestic economy, data from the...