Analysis: Currencies

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. Speaking...

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 on...

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...

South African rand firms after local mining data, US inflation print

JOHANNESBURG -The South African rand firmed on Tuesday after the release of better-than-expected local mining production figures and as U.S. data showed rising inflation in June in the world's largest...

For Europe, 30% US tariff would hammer trade, force export model rethink

BRUSSELS -The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing...

Fed's Powell asks watchdog to take fresh look at renovation project, Politico reports

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on Monday,...

Fed's Powell asks for watchdog review of project criticized by Trump officials

WASHINGTON -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump...

Japan households' inflation expectations steady, on track to hit BOJ goal

TOKYO -Japanese households' inflation expectations held steady in the three months to June, a Bank of Japan survey showed on Monday, a sign the country was making progress in durably achieving the...

The art of hogging headlines, using tariffs

A look at the day ahead in European and global markets from Wayne Cole. It looks increasingly clear that for President Trump, tariffs are mainly a convenient means of dominating the news cycle and...

Wealth funds warm to active management - and China - to weather volatility, report shows

LONDON -The world's sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an...

Trump says he will speak to Lula at some point as Brazil downplays tariff impact

WASHINGTON/BRASILIA/SAO PAULO -Brazil's government on Friday downplayed the impact of the 50% tariff U.S. President Donald Trump threatened to impose on imports from that country, as leaders from both...