Currencies

Republican task force chief wants to shield Fed from political influence, including Trump

WASHINGTON -A Republican lawmaker tasked with scrutinizing Federal Reserve monetary policy wants the U.S. Congress to help stabilize financial markets by insulating the central bank from political...

Analysts game out use of Fed toolkit if market needs central bank's help

NEW YORK -Market participants unsettled by the Trump administration's choppy policy rollout are working to game out what the Federal Reserve would do if asset prices spiral out of control and require...

Sterling gains against wilting dollar as gloom over trade returns

LONDON -The pound rallied against the dollar on Thursday amid growing investor pessimism over the lack of any real progress in de-escalating the trade war between the U.S. and China, the world's two...

Kenyan shilling loses ground after bond demand bounce

Kenya's shilling lost some ground against the dollar on Thursday, amid muted foreign exchange appetite after bouncing higher the previous day as offshore investors sought domestic bonds, traders...

India's forex, interest rate traders turn cautious after Kashmir attack

MUMBAI -India's foreign exchange and interest rate traders have turned cautious on fears of a possible escalation in tensions between New Delhi and Islamabad following a deadly militant attack in...

Japanese investors turned net buyers of overseas bonds last week

Japanese investors were net buyers of overseas bonds in the week through April 19, as U.S. bond markets recovered somewhat after a heavy selloff earlier this month. Japanese investors...

Rupee likely to weaken further with dollar's downtrend on hold

MUMBAI -The Indian rupee is expected to remain under pressure on Thursday, pegged back by a dollar that is finding support from expectations of thawing U.S.-China trade frictions and a calming of...

Bridgewater three co-CIOs warn 'exceptional risks' to US assets

HONG KONG -Bridgewater Associates' three Co-Chief Investment Officers said they see exceptional risks to U.S. assets under the Trump administration's rapid shift to modern mercantilism that puts...

Germany could suffer 'slight' recession this year, Bundesbank's Nagel says

BERLIN -The German economy could suffer a slight recession in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. ...

Tariffs restrain US business activity, boost asking prices for products

WASHINGTON -U.S. business activity slowed to a 16-month low in April while prices charged for goods and services soared amid uncertainty caused by tariffs, reinforcing financial market fears of...

Global trade war hits UK business sentiment, growth outlook

Global trade tensions sparked by U.S. President Donald Trump's tariffs have hurt UK business sentiment and will slow economic growth, according to a Reuters poll of economists who stuck to...

Dax rises after Trump tones down rhetoric - SAP takes off

Led by gains at SAP, the DAX rose sharply on Wednesday.The German benchmark index started the day with a 2.5 percent gain at 21,815 points. Investors interpreted comments made by US President Donald...

UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday. The S&P Global...

BOJ calls on Japan banks to be vigilant against trade policy risks

TOKYO -Japanese banks must monitor various risks associated with high levels of uncertainty over global trade policies, the Bank of Japan said on Wednesday, as U.S. President Donald Trump's tariffs...

Foreigners betting on India rate cuts lap up offshore dollar-rupee swaps

MUMBAI -Foreign investors are piling into offshore dollar/rupee non-deliverable swaps as that is a more attractive trade than overnight index swaps to bet on the Indian central bank lowering...

BOJ to raise rates in Q3 though Trump tariffs will disrupt policy normalisation

The Bank of Japan is likely to hold its key interest rate through June, showed a Reuters survey of economists, with a 25-basis-point hike next quarter expected by a slight majority of respondents...

Rupee to dip as dollar rally stoked by Trump's Fed comments, US-China optimism

MUMBAI -The rupee is likely to open weaker on Wednesday, pressured by the dollar index rallying after U.S. President Trump walked back his threat to oust the Federal Reserve Chair and on hopes that...

US could offer Argentina credit line if 'external shock' hit, Bessent says in remarks

U.S. President Donald Trump's administration would be willing to offer Argentina a credit line if an external shock jeopardized the country's economic turnaround, according to a transcript of comments...

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising...