Analysis: Currencies

US and UAE finalise technology framework agreement, source says

DUBAI -The United States and United Arab Emirates have finalised a technology framework agreement that is expected to be signed later on Thursday during President Donald Trump's last stop of his...

Another won bites the dust

A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper. It's looking very much like another risk-off day for the markets today, where...

Kenyan shilling holds steady against the dollar

NAIROBI -Kenya's shilling was stable on Thursday but market participants said it could weaken slightly later in the session due to potentially higher demand for dollars from general goods importers. ...

South African rand gains on hopes of change to inflation target range

JOHANNESBURG -South Africa's rand firmed on Thursday, after a deputy finance minister indicated that a lower inflation target could be introduced soon, analysts said. At 1525 GMT, the...

As euphoria ebbs, Powell on deck

A look at the day ahead in European and global markets from Rae Wee The euphoria from this week's mix of market tailwinds appears to have run its course, with investors left searching...

Rupee weakens but Trump's trade deal remark helps contain losses

The Indian rupee fell on Thursday, weighed down by persistent interbank dollar demand, but pared losses after President Donald Trump said that India had offered a zero-tariff trade deal to the United...

US dollar dips as retail sales growth slows

NEW YORK -The U.S. dollar slipped on Thursday after a flurry of economic data, including a gauge of consumer health that showed retail spending slowed in April as an uncertain economic outlook...

Indian travel firms report drop in Turkey bookings over Pakistan support

Indians are cancelling holidays in popular resorts in Turkey and Azerbaijan after the countries supported Pakistan during its recent conflict with New Delhi, two booking firms said.  ...

Sterling snaps seven-day streak of gains against the euro

Sterling slid against the euro on Wednesday after seven straight days of gains, while it rose against a weakened dollar as the market shed the initial optimism from a de-escalation in U.S.-China...

Fed policymakers on hold to seek clarity from the data, but the data are not cooperating

WASHINGTON -Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will...

South African rand recoups losses, power cuts in focus

JOHANNESBURG -South Africa's rand recouped some losses on Wednesday, a day after the country's power utility implemented rolling power cuts. South Africa's Eskom said on Tuesday it...

Brazil meatpacker JBS sees slim trade war impact as Q1 earnings top forecasts

JBS, the world's largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has...

Trump calls on Fed to cut rates, saying prices of 'practically everything' are down

U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and practically everything else are down. No...

Loss of dollar's role as world's dominant currency still far off, ECB's Knot says

Some of the world's major currencies will try to compete with the dollar on the global stage and could even attract some investor flows but the dollar will stay the world's key currency for some time...

Lower food prices tame US consumer inflation in April, tariffs squeeze awaited

WASHINGTON -U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook...

Kenya shilling gains slightly versus dollar, LSEG data shows

NAIROBI -Kenya's shilling firmed slightly against the dollar on Tuesday, data from the London Stock Exchange Group showed. At 0709 GMT, the shilling traded at 128.80/129.40, compared...

Brokerages scale back recession odds after U.S.-China trade truce

Major brokerages have scaled back their U.S. recession forecasts following a temporary tariff truce between the U.S. and China, which has fueled optimism for easing global trade tensions.Goldman Sachs...

Indian rupee, bonds poised to rally on ceasefire with Pakistan

MUMBAI -The Indian rupee and bonds are expected to soar this week after a truce was reached and held between nuclear-armed rivals India and Pakistan following the worst clashes between them in nearly...

Brazil cosmetic maker Natura's Q1 net loss narrows by 84%

Brazilian cosmetic maker Natura posted on Monday a first-quarter net loss of 150.7 million reais , 83.9% narrower than a year earlier. Core earnings, as measured by recurring earnings...