Analysis: Currencies

Fed's Powell responds to White House on Fed headquarters renovation

Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington...

Slovakia to allow approval of new EU sanctions on Russia on Friday, PM Fico says

PRAGUE -Slovakia will stop blocking the approval of the 18th package of European Union sanctions against Russia on Friday, Prime Minister Robert Fico said. Fico said on Thursday...

Russia's July inflation expectations steady at 13%, supporting case for rate cut

MOSCOW -Inflation expectations among Russian households for the year ahead, an important gauge closely watched by the central bank, remained steady at 13% in July compared with June, the central...

How could Japan's election affect economic policy?

Japan's Liberal Democratic Party ruling coalition may lose its majority in the upper house in an election on Sunday, which could heighten calls for the government to boost spending and cut tax. ...

Dollar gains broadly; yen dips before election Japan election

NEW YORK -The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S. President Donald Trump denied reports that he was planning to fire Federal Reserve Chair Jerome...

Brazil urges trade talks with U.S. after Trump tariff hike

BRASILIA/SAO PAULO -Brazil on Wednesday urged the U.S. to respond to a trade proposal submitted in May, reaffirming its openness to a mutually acceptable deal after U.S. President Donald Trump...

Traders boost bets on Fed rate cuts 

Short-term U.S. interest-rate futures rose on Wednesday after a report that President Donald Trump is likely to fire Federal Reserve Jerome Powell soon, with traders now betting on rate cuts starting...

US manufacturing output edges up in June

WASHINGTON -U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports. ...

US producer prices flat in June, but tariffs lift goods costs

WASHINGTON -U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for...

High interest rates in Russia could prompt distressed asset M&A surge, study shows

MOSCOW -Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage...

Currencies: Limited potential

The dollar's decline since the beginning of 2025 has been the subject of much discussion. However, when comparing Trump 1.0 and Trump 2.0, major similarities are emerging.

US launches probe into Brazil's trade practices, digital payment services

WASHINGTON -U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil's unfair trading practices, a week after President Donald Trump threatened a 50%...

Brazil looks to solve US tariff issue before deadline

BRASILIA -Brazil will work to get the United States to reverse 50% tariffs on Brazilian goods before they are set to take effect on August 1, Vice President Geraldo Alckmin said on Tuesday. ...

US consumer prices rise in June as tariff pass-through begins

WASHINGTON -U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping...

Canada's annual inflation rate in June up slightly to 1.9%

OTTAWA -Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on...

Instant view: US consumer prices tick up as anticipated in June

WASHINGTON -U.S. consumer prices picked up in June, likely marking the start of a long-anticipated tariff-induced increase in inflation that has kept the Federal Reserve cautious about resuming its...

Traders stick to bets on September Fed rate cut after inflation report

The Federal Reserve will likely be able to start cutting short-term borrowing costs by September, traders continued to bet on Tuesday, after a government report showed a widely expected increase in...

Instant View: Canada's annual inflation rate increases to 1.9% in June

TORONTO -Canada's annual inflation rate rose to 1.9% in June, meeting analysts' expectations, as increases in the price of automobiles and clothing and footwear pushed the index higher, data showed...

US Treasury Secretary Bessent says 'formal process' for Powell successor has started, Bloomberg News reports

U.S. Treasury Secretary Scott Bessent, in an interview on Bloomberg Surveillance on Tuesday, said that a formal process is already starting to identify a potential successor to Federal Reserve...