Analysis: Currencies

US, China move towards trade talks, but a deal seems distant

A look at the day ahead in European and global markets from Tom Westbrook After a few weeks buying the rumour of U.S.-China de-escalation, markets gave a lukewarm welcome to news that...

Trading Day: Absent tariff clarity, nerves fray

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Deep uncertainty, thin patience Investors...

Russia expecting scrappage fee shortfall as car market struggles

Russia expects its revenues from car scrappage fees to fall well short of budgeted levels this year, Finance Minister Anton Siluanov told reporters on Tuesday, which could lead some projects being...

Indian rupee's rally to stall by end of July, weaker times ahead

The Indian rupee will give up nearly all of its year-to-date gains against the dollar by the end of July as a slowing economy dampens investor sentiment and the Reserve Bank of India simultaneously...

What's in the UK-India trade deal?

LONDON -Britain and India clinched a long-coveted free trade pact on Tuesday after tariff turmoil sparked by U.S. President Donald Trump forced the two sides to hasten efforts to increase their trade...

Sterling gains on dollar and euro

LONDON -The pound strengthened against both the dollar and the euro on Tuesday, largely due to weakness in both peers rather than major British news, which is fairly thin until Thursday's closely...

US dollar's safe haven halo flickers amid Fed, fiscal and trade jitters - Reuters poll

Concerns are mounting about the dollar's safe haven appeal, according to a majority of FX strategists surveyed by Reuters who forecast the global reserve currency will decline further over the coming...

Asia FX rattles and Merz stumbles

A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets World markets are getting nervy again on the back of fresh salvos in...

Taiwanese life insurers' portfolios have billions of unhedged dollars

SINGAPORE -Taiwan's currency is at three-year highs after notching unprecedented gains as insurance firms, pension funds and other investors quit U.S. dollar assets or scramble to hedge exposure.  ...

China's yuan ends at six-month high as carry trades unwind

SHANGHAI -China's yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and...

'Asian crisis in reverse' as currencies soar on the dollar

SINGAPORE/SHANGHAI -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses...

Euro zone economic growth slows in April, services near stagnation, PMI shows

The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey...

South African rand steady as PMI hits neutral mark

JOHANNESBURG -The South African rand held steady for much of Tuesday's trading session after the release of a purchasing managers' index survey that showed the country's private sector showed signs...

Portugal's Novo Banco quarterly profit falls on lower interest margin

LISBON -Portugal's fourth-largest lender Novo Banco, which is preparing for an initial public offering, said on Tuesday its first-quarter net profit fell 1.9% to 177.2 million euros due to growing...

Russia's Rosatom sues Finnish firms $2.8 billion over nuclear plant contract

MOSCOW -Russia's Rosatom has filed a lawsuit in Moscow against Finland's Fortum and Outokumpu, demanding 227.8 billion roubles in compensation for losses over the termination of a contract for the...

Taiwan dollar's record rally is a trade-war tremor

SINGAPORE/TAIPEI -An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade...

Trump says won't remove Fed chair Powell, says good parts of economy are his doing

WASHINGTON -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as a total stiff...

Spain must raise defence spending to 3% of GDP, says EU defence chief

MADRID -Spain will have to raise defence spending to 3% of gross domestic product, the European defence commissioner said in a newspaper interview published on Saturday, as European countries bend to...

Trump says US in transition period, downplays impact of short-term recession

WASHINGTON -President Donald Trump said on Friday the U.S. was in a transition period and was going to do fantastically while downplaying the impact any short-term recession may have. ...