Analysis: Currencies

US dollar slumps as Trump's tariff deadline looms

NEW YORK -The dollar slid on Tuesday, with the yen one of the major gainers versus the greenback, as investors tracked talks ahead of an August 1 deadline that could bring steep tariffs on products of...

Fed posts video tour, renovation details as White House intensifies attacks

The Federal Reserve on Monday added a video tour and new details about the renovation of two historical buildings at its headquarters in Washington, as the Trump administration ramps up attacks on...

US Treasury's Bessent calls for review of Fed non-monetary policy operations

WASHINGTON -U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its mandate creep into non-policy areas and he called on the U.S....

US tariffs could cost Italy up to 0.8% of GDP, business lobby says

MILAN -U.S. tariffs of 30% on European Union goods could shave up to 0.8% off Italy's gross domestic product in 2027, the country's main business lobby said on Monday, as transatlantic trade...

South African rand flat with inflation the week's main focus

JOHANNESBURG -The South African rand held steady in early trade on Monday, with the main focus this week on inflation data that will influence the central bank's thinking on interest rates. At 0740...

Waller says he's willing to lead Fed if Trump asks, but no contact so far

WASHINGTON -Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald...

Trump tariffs force Greek olive oil producers to seek new markets

VARVASAINA -Greek olive oil producer Konstantinos Papadopoulos wasted little time when the threat of U.S. tariffs was floated by President Donald Trump in the spring. He immediately started looking...

US equity funds see weekly outflows on tariff worries, inflation pressure

U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald Trump's tariff rhetoric and the buildup in inflationary pressure, potentially...

Ghana central bank notes economic recovery but takes no action at emergency MPC

ACCRA -Ghana's central bank said on Friday that an emergency meeting of its Monetary Policy Committee on Thursday had considered whether to take immediate action but held off until a regular meeting...

Global equity funds see outflows on tariff concerns

Global investors pulled money out of equity funds in the week through July 16 as U.S. President Donald Trump's tariff threats and an inflation report indicating an increase in U.S. consumer prices,...

Bank of Japan may offer less gloomy view of US tariff hit in report, sources say

TOKYO -The Bank of Japan will warn of uncertainty over the impact of U.S. tariffs in a quarterly report due this month, but may offer a less gloomy view on the near-term hit to Japan's economy than...

Lula says he won't take orders from foreigner Trump, calls tariffs blackmail

SAO PAULO -Brazilian President Luiz Inacio Lula da Silva on Thursday said he would not take orders over tariffs from a foreigner, referring to U.S. President Donald Trump, and later called the United...

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 Slovakia had achieved...

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 bank...

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. Here...

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...