Analysis: Currencies

Russian service sector contracts at fastest pace since 2022, PMI shows

MOSCOW -Russia's service sector saw business activity contract sharply in September, marking the steepest decline since December 2022, as a renewed drop in new orders weighed on output, a survey...

EU plans to hand assets linked to Russian tycoon Deripaska to Raiffeisen, FT says

The European Union is preparing to lift sanctions on assets linked to Russian tycoon Oleg Deripaska in order to compensate Austria's Raiffeisen Bank International for damages it had to pay in Russia,...

Rupee's negative drift demands central bank firepower

MUMBAI -The Indian rupee is anticipated to face a difficult session on Friday, with most traders predicting that the central bank will likely intervene to prevent the currency from hitting a new...

BOJ's Ueda warns of global uncertainty, keeps markets guessing on next hike

OSAKA -Bank of Japan Governor Kazuo Ueda said inflation was on track to durably hit the bank's target but warned of global uncertainties that could discourage firms from raising wages, leaving...

Trading Day: AI, Fed bets sweep aside shutdown jitters

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stock markets around the world leaped...

Bank of Canada studying whether core inflation can be measured better

The Bank of Canada is considering changes to how it measures preferred inflation metrics to give it a better idea of how external shocks are affecting the economy, a senior official said on Thursday. ...

Fed's Logan says US central bank must be 'very cautious' on rate cuts

AUSTIN, Texas -Federal Reserve Bank of Dallas President Lorie Logan on Thursday said the U.S. central bank appropriately cut rates last month to guard against the risk of a sharp deterioration in the...

Brazil confident Senate will back taxing the wealthy to offset middle-class exemptions

BRASILIA/SAO PAULO -Brazil's government said it was confident the Senate would pass a bill expanding income tax exemptions for the middle class, after the measure cleared the Lower House late...

US layoffs fall in September but year-to-date planned hiring at lowest in 16 years

WASHINGTON -U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009, a report said on Thursday, adding to evidence of a labor market...

Prolonged US government shutdown could raise market risks

NEW YORK -Investors have anticipated for weeks the risks of a U.S. government shutdown to markets. Now that it is here, they are hoping it will be brief. A shutdown that lasts at least...

Darkness falls on dour US jobs market

A look at the day ahead in European and global markets from Kevin Buckland Investors already knew the U.S. labour market needed support, but there is something particularly ominous in...

US government shutdowns raise uncertainty but rarely have lasting effect on economy

The U.S. government shutdown has thrown the brakes on the flow of federal economic data at a moment of uncertainty and division among policymakers like those at the Federal Reserve about the health...

Bank of Canada expects to release baseline projections for economy, inflation in October - minutes of meeting

The Bank of Canada expects to release baseline projections for the economy and inflation with its monetary policy report in October, its summary of deliberations released on Wednesday showed. ...

Canadian manufacturing PMI falls in September as downturn deepens

TORONTO -Canada's manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday. The...

The global race for free trade agreements since Trump's return

BRUSSELS -U.S. President Donald Trump's tariffs have unleashed an unprecedented burst of free trade agreements and negotiations towards them by partners seeking to offset potential lost exports to...

Russian manufacturing sector sees sharper contraction in September, PMI shows

MOSCOW -Russia's manufacturing sector contracted slightly faster in September than the previous month as both output and new orders shrank more quickly, a survey by S&P Global showed on Wednesday. ...

India's central bank proposes to boost international usage of rupee

MUMBAI -India's central bank on Wednesday proposed steps to boost the Indian rupee's , global use, including allowing local banks to lend in rupees to businesses in neighboring countries and setting...

Washington goes dark

A look at the day ahead in European and global markets from Stella Qiu And just like that the U.S. government has entered its 15th shutdown since 1981 and the second under President...

Soft line in sand emerges for rupee near 88.80/USD on RBI interventions

MUMBAI, October 1 -The Indian rupee was flat on Wednesday with traders pointing out that a near-term floor for the currency appears to be forming near the 88.80 per U.S. dollar mark, a level marked...