Analysis: Currencies

India rupee's two-week calm suggests return of central bank's old playbook, traders say

MUMBAI -The Indian rupee's recent tight moves suggest the central bank has reverted to its old playbook of using heavy market intervention to keep the currency anchored to a level it deems...

Russia suspends reduction to damper payment subsidy

MOSCOW -Russia on Sunday suspended until May a reduction in the fuel damper payment subsidy to oil refineries, Russian news agencies reported. The damper is a payment to refineries to...

Brazil to begin construction on TikTok data center in six months, minister says

SAO PAULO -Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais in investment. ...

Fed should 'tread with caution' on rate cuts, Musalem says

St. Louis Federal Reserve President Alberto Musalem on Friday said he sees possible room for one more interest rate cut to shore up the labor market, but urged caution because inflation remains...

Stocks, dollar tumble; Trump says he will raise China tariffs to 100%

NEW YORK -Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as...

Stocks, dollar fall as Trump threatens increase in China tariffs

NEW YORK -Stock indexes fell sharply, with the Nasdaq down more than 2%, while Treasury yields fell and the U.S. dollar weakened on Friday after President Donald Trump said he was weighing a massive...

Waller says interview for Fed chair went 'great', not political

Federal Reserve Governor Christopher Waller on Friday said his interview with Treasury Secretary Scott Bessent to be the next U.S. central bank chief went well and was not at all political. ...

European Commission says existing rules address stablecoin risks

Europe's crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank...

Canada posts surprise jump in job gains in September, unemployment rate unchanged

OTTAWA -Canada's economy posted a surprise 60,400 net job gains in September, almost entirely reversing the losses of the previous month, data showed on Friday, though the unemployment rate remained...

Sterling skids to two-month lows as dollar shines

LONDON -The pound fell to two-month lows on Friday, set for its biggest weekly fall since a rout in UK bonds in January, largely driven by a resurgent dollar, which has vaulted higher as political...

Undervalued or still vulnerable? Indian rupee's path splits analysts

MUMBAI -The Indian rupee's fall to an all-time low has split analysts on what comes next for the South Asian currency. While some predict further weakness looming, strained by sluggish trade and...

Trump boosts Argentina's Milei with $20 billion lifeline as US buys pesos

The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump's pledge to prop up the...

Fed should be cautious on rate cuts due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday, in a speech that leaned heavily into the risks of inflation, even...

US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular...

Fed should be cautious due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday in a speech that leaned heavily into the risks of inflation, even as...

Brazil's cenbank director says tightening pause means longer hold on rate levels

Brazil's central bank monetary policy director Nilton David said on Thursday that the decision by policymakers to interrupt the monetary tightening cycle requires keeping interest rates unchanged for...

Bank of Canada warns against over-regulation of financial sector

The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S....

Zelenskiy says Russia's gasoline supplies may be down by a fifth after Ukrainian attacks

Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step up attacks on each...

South African policymakers agree on lowering inflation target, timing still an issue

JOHANNESBURG -South African Reserve Bank Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury agreed that the country's inflation target should be lowered but they...