Analysis: Currencies

Bank of Canada head warns of weak growth if tariff uncertainty persists

BANFF, Alberta -Bank of Canada Governor Tiff Macklem said on Thursday he expected second-quarter growth to be quite a bit weaker than the first quarter, and that it could be worse in subsequent...

Fed's Perli encourages firms' use of Standing Repo Facility

NEW YORK -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has...

Russian lawmakers push for right to ignore Western company buyback options

Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic...

G7 glosses over tariffs, pledges to cut global economic imbalances

BANFF, Alberta -Finance ministers and central bank governors from the Group of Seven democracies papered over their differences on Thursday, pledging to tackle excessive imbalances in the global...

US real earnings stalled across age, income groups in past year, study shows

WASHINGTON -Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better...

China lodges complaint with EU over Russia-related sanctions on its firms

BEIJING -The Chinese Mission to the EU said on Thursday that it had lodged solemn representation with the EU over its Russia-related sanctions on Chinese firms. China is strongly...

Pound holds near three-year high on trade optimism

LONDON -The British pound dipped slightly against the dollar but remained close to its highest level since 2022 reached the day before as hot inflation and improving relations with Europe and the...

Plan to beef up Fed forecasts hits hurdle among its regional presidents

AMELIA ISLAND, Florida -A proposal for the U.S. Federal Reserve to release detailed economic forecasts after some of its meetings to anchor the discussion of monetary policy is drawing fire from the...

Poland checking for any explosive devices near undersea power cable, PM says

Poland is looking into whether any explosive devices were planted where a ship from Russia's shadow fleet was seen moving suspiciously near a power cable linking Poland with Sweden on Wednesday,...

South African rand stable after fraught Ramaphosa-Trump meeting

JOHANNESBURG -South Africa's rand was steady for most of Thursday's trading session, as markets tried to digest U.S. President Donald Trump's Oval Office ambush of South African leader Cyril...

Euro zone rebound hopes dashed by services slump

FRANKFURT/LONDON -The euro zone economy is still just limping along and a raft of surveys published on Thursday point to only lukewarm optimism among firms as services, the bloc's engine in the past,...

Japan's possible response to rise in super-long bond yields

TOKYO -Japan's super-long government bond yields have spiked to record highs, as mounting political calls for tax cuts and big spending draw investors' attention to the country's fiscal woes. ...

India cenbank bought net $14.36 billion in spot forex market in March, bulletin shows

MUMBAI -The Reserve Bank of India bought a net of $14.36 billion in the spot foreign exchange market in March, data released on Wednesday as part of the central bank's monthly bulletin showed.   ...

Russia's weekly inflation edges up to 0.07%, official data shows

MOSCOW -Russia's weekly inflation, a figure closely watched by the central bank, edged up to 0.07% after a 0.06% rise in the previous week, according to statistical data released on Wednesday. ...

Weak US economic outlook persists despite brief trade truce with China

The outlook for the U.S. economy remains weak despite a temporary cooling of the U.S.-China trade war, a Reuters poll of economists showed, with a debate over the country's fiscal health hanging in...

Russian rouble near highest against US dollar since June 2023

MOSCOW -The Russian rouble briefly strengthened past the level of 80 to the U.S. dollar on Wednesday before rebounding, but remained close to its highest level since June 2023. By 1000...

Indian rupee lags behind Asian peers as foreign banks' dollar bids weigh

The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on...

EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

BRUSSELS -The European Union will donate 5.5 million euros to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy...

Canada annual inflation rate falls, but rise in core measures is tricky for central bank

OTTAWA -Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard for the Bank of Canada as...