Analysis: Currencies

Japan's government to pledge 'nimble' fiscal action in policy guidelines

TOKYO -Japan's government will pledge in this year's policy guidelines to take nimble policy action as U.S. tariffs and high inflation impact household finances, according to a draft seen by...

German home prices to rise 3% this year on tight supply; affordability to worsen

German home prices will build on a recent rebound but at a slightly slower pace than expected earlier this year, according to analysts polled by Reuters, as supply remains tight and worsening...

Sterling weakens versus dollar but stays close to over three-year high

LONDON -The pound ticked lower versus a broadly stronger dollar on Tuesday, yet remained close to a more than three-year high scaled on Monday as reduced bets on Bank of England rate cuts and some...

Trump's tariff blitz prompts 'firefighting' response from Fed researchers

WASHINGTON/SAN FRANCISCO -U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of...

Fed's Kashkari calls for steady rates, awaits clarity on tariff impact

TOKYO -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning...

South African rand weakens as gold prices weigh

JOHANNESBURG -South Africa's rand weakened against a stronger dollar on Tuesday, hurt by lower gold prices as risk sentiment improved following U.S. President Donald Trump's decision to postpone...

Japan's corporate service inflation hits 3.1% in April

TOKYO -A leading indicator of Japan's service-sector inflation hit 3.1% in April, data showed on Tuesday, keeping alive expectations of further interest rate hikes by the central bank. ...

Currencies: Sell cheap, little-used dollars

The attempt to normalize trade relations has just taken a new turn with the US president's statements on European imports. Unsurprisingly, the tariffs were put on hold as soon as they were mentioned.

Russia's cooling economy facing 'hypothermia' risks, minister warns

MOSCOW -Russia's economy is facing hypothermia risks, Economy Minister Maxim Reshetnikov said on Monday as he urged the central bank to take slowing inflation into account when it meets to set...

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

LONDON -The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald...

South African rand slips, local rate decision in focus

JOHANNESBURG -The South African rand weakened on Monday, with the central bank's interest rate decision likely to be the highlight this week. At 1533 GMT, the rand traded at 17.86...

India's central bank seeks approval for overseas rupee lending to neighbours, sources say

NEW DELHI -India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two...

Trading Day: Trump shatters tariff calm with new salvo

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Just when a degree of calm appeared to have settled over...

Fed's Cook: April market volatility will help hone financial stability assessment

Federal Reserve Governor Lisa Cook on Friday noted financial market volatility last month driven by the Trump administration's announcement of unexpectedly high tariffs did not result in the kind of...

Global equity funds post their biggest weekly outflow in six weeks

Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation,...

Canada March retail sales rise 0.8%; seen up 0.5% in April

OTTAWA -Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. ...

BofA joins peers in lifting rupee forecast; sees 84/USD by December (May 22)

MUMBAI -Bofa Global Research expects the Indian rupee to strengthen to 84 per U.S. dollar by December 2025 from a prior forecast of 87, joining peers in turning more bullish on the currency amid...

Hungary's Orban says EU plan to ban Russian energy imports must be prevented

BUDAPEST -The European Union's plan to ban Russian energy imports must be prevented by all means, Hungarian Prime Minister Viktor Orban told state radio on Friday.   The European...

Rupee soars with Asian peers to post best day in over two years

The Indian rupee rose sharply on Friday to post its best single-day gain in more than two years as worries over U.S. fiscal health and the impact of trade tariffs continued to weigh on the dollar,...