Analysis: Currencies

Sterling treads water as markets await Ukraine talks, UK CPI

Sterling treaded water against the dollar on Monday as investors focused on a pending meeting between U.S. President Donald Trump and leaders from Ukraine and Europe as well as UK consumer inflation...

South African rand slips with local inflation data the week's main focus

JOHANNESBURG -The South African rand edged lower on Monday, with the main focus this week on domestic inflation numbers, while investors also eyed geopolitical developments which could influence the...

India rupee to wrestle with US-India trade fog; fiscal strain concerns to weigh on bonds

MUMBAI, August 18 -The Indian rupee will grapple with U.S.-India trade frictions this week, with the cancellation of Washington's planned talks in New Delhi hurting hopes of tariff relief, while the...

Fed's Daly: Two rate cuts, more or less, appropriate this year

San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month,...

Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing...

US Fed to cut rates in September and once more this year, say most economists

BENGALURU -A Federal Reserve interest rate cut in September, the first this year, followed perhaps by another before year-end remains the base forecast for most economists polled by Reuters amid...

Sterling climbs versus dollar, on track for weekly rise

Sterling rose against a weakening dollar on Friday and was set to end the week higher after upbeat economic data and a hawkish rate cut by the Bank of England. Sterling, which has...

Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement

Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in...

Hot wholesale prices data puts wrinkle in Fed's rate-cut roadmap

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next...

Instant View: US producer prices surge more than expected

NEW YORK -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead. The...

US producer inflation heats up as goods, services prices soar

WASHINGTON -U.S. producer prices increased by the most in three years in July amid a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent, posing a dilemma...

Norway central bank keeps rate on hold, eyes cut this year

Norway's central bank kept its policy interest rate on hold at 4.25% on Thursday, as unanimously predicted by analysts in a Reuters poll, and reiterated plans to cut borrowing costs later this year. ...

Exclusive-China's Zhenhua Oil doubles crude offtake from UAE in new deal, sources say

SINGAPORE -China's Zhenhua Oil is set to double its oil offtake from Abu Dhabi National Oil Co to 200,000 barrels per day after taking on a new role leading development of one of the exporter's top...

Are Indian rupee traders jittery about Trump-Putin meet? Options suggest not really

MUMBAI -Indian rupee options markets suggest traders aren't too anxious about Friday's meeting between the presidents of the U.S. and Russia, with near-term implied volatility at its lowest this...

India's FX reserves to rise for latest week despite RBI support, swap maturity, economists say

MUMBAI -India's foreign exchange reserves are expected to have risen in the week through August 8, according to economists calculations based on the Reserve Bank of India's weekly reserve money...

Rupee slips; S&P upgrade lends a lifeline ahead of Trump-Putin meet

The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P's upgrade offered a silver lining. The rupee closed at 87.5500 against...

Goldman Sachs sees Fed cutting rates thrice in 2025, twice more in 2026

NEW YORK -Goldman Sachs said on Wednesday in a research note it expects the U.S. Federal Reserve to deliver three 25-basis-point interest rate cuts this year and two more in 2026. This...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

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

Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says

Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently,...