Analysis: Currencies

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...

Canada's annual inflation rate drops to 1.7% in April

TORONTO -Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on...

With US and EU deals, Britain embarks on high-risk balancing act

LONDON -Britain's pursuit of trade deals with the European Union and United States, while courting China, has made it a test case for navigating U.S. President Donald Trump's unpredictable new world...

BOJ urged to boost bond buying in wake of spike in super-long yields

TOKYO -Some market players urged the Bank of Japan to increase buying of super-long bonds, or terminate tapering for that maturity, in the wake of sharp rises in their yields, the central bank said...

China's crude oil imports from Russia fall in April; imports from Malaysia surge

China's imports of crude oil from Russia fell 12.9% in April from a year earlier, coming in at 8.07 million metric tons or 1.96 million barrels per day, Chinese customs data showed on Tuesday. ...

Rupee slips along with local stocks and Chinese yuan even as dollar softens

The Indian rupee weakened on Tuesday as dollar bids from foreign banks, likely on behalf of custodial clients, and a softer Chinese yuan outweighed positive cues from broad weakness in the greenback. ...

Dollar set for more weakness as 'Brand USA' falls further out of favor

NEW YORK -Trade-related uncertainties, ballooning fiscal debt and weakened confidence about enduring U.S. exceptionalism have weighed on U.S. assets, with the dollar one casualty. Investors see the...

Fed officials take cautious view on US markets amid downgrade

NEW YORK -U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government's credit rating and unsettled market conditions as they...