Analysis: Currencies

Rupee nearly flat, wedged between uptick in Asia FX and corporate dollar bids

The Indian rupee was little changed on Thursday as corporate dollar bids, including from local oil companies, blunted positive cues from a rise in most of its Asian peers. The rupee was...

Dollar drops against euro after ECB indicates possible end to rate easing cycle

NEW YORK -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market...

Japan April real wages slump for fourth month as inflation bites

TOKYO -Japanese real wages fell for a fourth consecutive month in April, eroded by stubborn inflation that has continued to outpace pay hikes delivered so far by companies, government data showed on...

Brazil currency seen flat in near-term, restrained by trade worries

Brazil's real currency is expected to trade relatively steady in coming months, restrained by concerns over a deterioration in the country's external accounts, a Reuters poll showed. The...

Dollar to decline further on U.S. fiscal, growth and trade risks

Falling demand for U.S. dollar-denominated assets will push the greenback lower in coming months, according to FX strategists surveyed by Reuters, as concerns mount about the U.S. federal deficit and...

Criteria to adopt the euro currency

BRUSSELS -The European Commission said on Wednesday Bulgaria can enter the euro zone and become the bloc's 21st member from 2026. European Union countries aspiring to adopt the single...

Sterling edges up, UK avoids higher US metals tariffs

Sterling firmed against the dollar on Wednesday, as investors were relieved the United Kingdom was not in the crosshairs of U.S. President Donald Trump's latest tariff escalation, while upbeat...

EU gives Bulgaria green light to adopt euro from start of 2026

BRUSSELS -The European Commission and the European Central Bank gave Bulgaria the go-ahead on Wednesday to adopt the euro currency from the start of 2026, making Bulgaria the 21st country to join the...

Bank of Canada holds key rate steady but says a future cut is possible

OTTAWA -The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy...

South African rand gains as parliamentary committee backs budget

JOHANNESBURG -The South African rand maintained early gains on Wednesday after a key parliamentary committee backed the long-delayed national budget, which has been tied up in political wrangling for...

Safe-haven gold rises on weak data, simmering uncertainty

Gold rose 1% on Wednesday, supported by a softer dollar and weak U.S. data, as investors grappled with mounting economic and political uncertainty. Spot gold climbed 0.8% to $3,378.22 an...

Russian services sector sees fastest growth since January in May, PMI shows

Russia's services sector expanded in May at the quickest pace since January, driven by stronger demand and new orders, even as firms reduced their workforce numbers, a business survey showed on...

Japan must pursue payment innovation as society becomes cash-less, BOJ official says

TOKYO -Japan currently has no plan to issue a central bank digital currency but must continue innovating its payment and settlement system in an increasingly cash-less society, a senior central bank...

Japan's ruling coalition partner to propose sales tax cut on food, Yomiuri reports

TOKYO -Japan's junior ruling coalition partner, Komeito, will propose cutting the consumption tax rate for food items to 5% from 8% in a campaign pledge for the upper house election slated in July,...

Fed officials beat the policy patience drum as tariff uncertainty persists

NEW YORK -Federal Reserve officials on Tuesday argued again for caution on monetary policy as President Donald Trump's trade war continues to inject substantial amounts of uncertainty and the risk of...

NY Fed flags $1.06 trillion unrealized loss on bond holdings in 2024

NEW YORK -The Federal Reserve saw $1 trillion in unrealized losses on its holdings last year, according to a report released Tuesday by the Federal Reserve Bank of New York. The bank...

TSX extends record-setting run as higher oil prices add to market's appeal

Canada's main stock index edged up to a new record high on Tuesday, led by gains for the energy sector, as oil prices climbed and uranium producers notched gains. The Toronto Stock...

Indian rupee, bonds set to be among top three Asian beneficiaries of foreign inflows, BofA Sec exec says

MUMBAI -Indian markets will likely be among the top three in Asia to attract foreign inflows once tariff-related uncertainties ease, with the rupee and local currency-denominated bonds benefiting the...

FX options market positioned for further dollar weakness

NEW YORK -The U.S. dollar has steadied after a sharp tumble this year but traders in the foreign exchange options market are positioned for the U.S. currency to weaken further amid growing concern...