Analysis: Currencies

Fed's balance sheet drawdown likely can continue for some time, Waller says

NEW YORK -Federal Reserve Governor Christopher Waller said on Thursday the U.S. central bank still has some ways to go in shrinking the size of its holdings, in comments that offered a potential...

$4 trillion Nvidia obscures new tariffs

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets If in doubt, latch on to artificial intelligence. Making...

BOJ sees firms taking US tariffs in stride but cautious on outlook

TOKYO -Japanese companies are taking U.S. tariffs in their stride for now, but worry about a potential hit from weakening global demand, the central bank said on Thursday, signalling a prolonged...

Japan's wholesale inflation slows, relieves interest rate-hike pressure

TOKYO -Japan's annual wholesale inflation slowed in June for the third successive month, data from the Bank of Japan showed on Thursday, backing up the central bank's view that price pressure from...

Huawei eyes greater role in Brazil data center market

RIO DE JANEIRO -Chinese tech giant Huawei is interested in strengthening and improving its capacity as a supplier of data center solutions, it said in a statement to Reuters on Thursday, clarifying...

Fed minutes show little support for interest rate cut later this month

WASHINGTON -Only a couple of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about...

Trump says U.S. interest rate is at least 3 points too high

WASHINGTON -U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central...

Sterling steady as investors weigh BoE's financial stability report, tariff uncertainty

Sterling was little changed on Wednesday, as investors digested the Bank of England's half-yearly report on financial stability and assessed the potential impact of trade disputes on global economic...

Exclusive-Finland and Lithuania set to produce anti-personnel mines, officials say

VILNIUS/HELSINKI/TALLINN -Lithuania and Finland look set to start domestic production of anti-personnel landmines next year to supply themselves and Ukraine because of what they see as the military...

'Fortress Russia' has seized $50 billion in assets over 3 years, research shows

MOSCOW -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a fortress Russia economic model during the war...

White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports

WASHINGTON -White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people...

Malaysia calls for stronger inter-ASEAN trade amid tariffs uncertainty

KUALA LUMPUR -Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to act with purpose and enhance trade among each other in the face of global uncertainty, as...

Investors head into Trump tariff deadline benumbed and blase

Global investors are heading into U.S. President Donald Trump's Wednesday deadline for trade tariffs palpably unexcited and prepared for a range of benign scenarios that they believe are already...

In the Fed's hunt for a reason to cut rates, surveys and tariffs make answers elusive 

WASHINGTON -Recent national and global surveys of business executives have highlighted the U.S. Federal Reserve's dilemma in determining if slowing growth or inflation is the greater risk to the U.S....

Sterling gains broadly as Trump unveils tariff specifics

LONDON -The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at...

Bunge charters first Argentine soy meal cargo to China

BUENOS AIRES/BEIJING -U.S. grains trading group Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, marking the first...

BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says

WASHINGTON -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called anti-American...

Brazil's auto sales, production dip in June

SAO PAULO -Brazil's auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in...

Currencies: A last gasp of pride or a dead cat rebounding?

The publication of the US employment report last Thursday caused a sharp jump in the greenback, even as the US economy showed remarkable resilience. The signing - or not - of new trade agreements...