Analysis: Currencies

South African rand extends losses as traders await outcomes of rate meeting, US tariffs

JOHANNESBURG -The South African rand weakened on Tuesday, with investor attention pinned on the outcome of the country's monetary policy meeting and updates on tariff negotiations as it faces a 30%...

Russia's Yandex rebounds from loss to post Q2 profit growth

Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles , the company said on...

Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

LONDON/BRASILIA -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting...

Sterling bounces off two-year low on euro, soft on dollar

LONDON -The pound briefly hit a two-year low versus the euro on Monday, before rebounding, and dipped on the dollar, though its moves were largely a function of those elsewhere as investors digested...

US-EU deal boosts markets and the dollar

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets European stocks and Wall Street futures climbed again after the weekend...

Indian rupee, bond markets cautious in week dominated by Fed, tariffs

MUMBAI -The Indian rupee and government bonds will react to a host of cues this week, including a U.S. Federal Reserve policy decision and the August 1 reciprocal tariff deadline, which is likely to...

Dollar rises against major peers after US-EU trade pact

NEW YORK/LONDON -The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global...

Russia starts first Moscow-Pyongyang passenger flights in decades

Russia will launch direct passenger flights from Moscow to North Korea's capital Pyongyang on Sunday, Russian authorities said, as the two former communist bloc allies move to improve ties following...

Trump tariffs weigh on Brazil chemical exporters, spark order cancellations

SAO PAULO -Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on...

Trump: strong dollar sounds good but 'you make a hell of a lot more' with a weaker one

WASHINGTON -U.S. President Donald Trump said on Friday he liked a strong dollar but you make a hell of a lot more money with a weaker one. So when we have a strong dollar, one thing...

Russian central bank slashes key rate by 200 bps in biggest cut since May 2022

The Russian central bank cut its key interest rate by 200 basis points to 18% on Friday, hoping to revive lending and boost flagging economic growth after stubbornly high inflation showed signs of...

Bank of Canada to hold rates steady on July 30, but cut two more times in 2025- Reuters poll

BENGALURU -The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment,...

Trump suggests Fed Chair may cut interest rates

WASHINGTON -President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression Powell might be ready to lower interest rates. We...

US economic data quality a worry, authorities not acting urgently enough, experts say- Reuters poll

Risks to the quality of official U.S. economic data - long seen as the gold standard - are worrying 89 of 100 top policy experts polled by Reuters, with most also concerned that the authorities are...

Investors weigh market impact of possible early Powell exit

NEW YORK -Uncertainty over Federal Reserve Chair Jerome Powell's tenure is prompting investors to assess potential market reactions should there be an premature change in leadership at the U.S....

Sterling at four month low against euro as UK and euro zone rates diverge

LONDON -The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations...

CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say

NEW DELHI -Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with...

Russia's anti-monopoly body opens case against Gazprom business over low fuel sales

MOSCOW -Russia's Federal Anti-Monopoly Service has launched a probe into Gazprom's oil product sales business, saying on Friday the company significantly cut gasoline sales on a local exchange. ...

Signify takes 3% sales hit from weaker dollar and yuan, but keeps guidance

Dutch lighting manufacturer Signify on Friday reported a 4.4% drop in its second-quarter sales, which included a 3% currency exchange hit from the weakening U.S. dollar and Chinese yuan, but...