Analysis: Currencies

Sterling firms against dollar as markets look to BoE rate guidance

Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week's policy meeting. The BoE...

Weak Indian rupee may blunt US tariff bite, say economists

MUMBAI -The Indian rupee's recent slide may help soften the blow from higher U.S. tariffs, economists said, with trade tensions between New Delhi and Washington intensifying under President Donald...

Euro zone business growth inched up in July but remained subdued, PMI shows

LONDON -Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped, a survey showed on Tuesday. The HCOB Eurozone...

South African rand flat as tariff concerns weigh

JOHANNESBURG, August 5 -The South African rand was little changed in muted trade on Tuesday even after the release of a positive purchasing managers' index survey as investors continued to wait for...

Russian services sector contracts at fastest rate since June 2024, PMI shows

Russia's services sector contracted at its fastest pace since June 2024 in July, a business survey showed on Tuesday, as new orders declined in a subdued sales environment. The S&P...

RBI intervention shields rupee from record low after Trump tariff threat

The Indian rupee extended its decline on Tuesday on the back of escalating trade tensions with the United States, although likely central bank intervention prevented the currency from breaching record...

Exclusive-Fed's Daly says time is nearing for rate cuts, may need more than two

San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time...

Brazil chooses local relief over retaliation for US tariffs, sources say

BRASILIA -Brazil's government has set aside for now plans for direct retaliation against steep U.S. tariffs taking effect this week, focusing instead on a relief package for industries hit hardest by...

MUFG head sees chance of Bank of Japan rate hike in October

TOKYO -The Bank of Japan may hike interest rates as early as October, as trade-related uncertainty has started to recede and domestic inflationary pressure is relatively high, the CEO of Mitsubishi...

Payrolls soft, messenger fired

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Whatever the market take was from Friday's surprisingly soft U.S. payrolls...

South African rand boosted by gold as investors focus on tariffs

JOHANNESBURG, August 4 -South Africa's commodity-backed currency edged up on Monday, helped by higher gold prices, as investors digested last week's unexpectedly weak U.S. jobs data and awaited tariff...

Buy the dip, we can worry about jobs later

A look at the day ahead in European and global markets from Wayne Cole. It's been a case of buy the dip so far on Monday as U.S. and European stock futures edge up, along with the...

Brazil's Azul secures $650 million investment commitment

SAO PAULO -Brazilian airline Azul said it signed an agreement with certain stakeholders for a $650 million investment in a future capitalization deal, according to a late Friday securities filing. ...

Investors react to Kugler's resignation, firing of  BLS commissioner

The Federal Reserve said on Friday that Governor Adriana Kugler was resigning from the central bank effective Aug. 8. Separately, U.S President Donald Trump ordered that the...

Kugler resigning from Fed, opening door to Trump appointment

The Federal Reserve said on Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious...

Trump says Fed's Powell should be put 'out to pasture'

U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be put out to pasture. He made the comments in a Truth Social post, where he ordered the...

Russian rouble expected to weaken by 20% in next 12 months, poll shows

MOSCOW -The Russian rouble is expected to weaken to 100 against the U.S. dollar in the next 12 months, a 20% decline from its current level, according to a Reuters poll of 14 analysts on Friday, with...

Sterling steadies after worst monthly performance since 2022

LONDON -The pound held steady on Friday, having posted its worst monthly performance against the dollar in three years, as the U.S. currency rallied after President Donald Trump imposed new tariff...

South African rand recoups some losses after US jobs data, stocks fall on tariff concerns

JOHANNESBURG, August 1 -The South African rand gained against a softer dollar after the United States reported weaker-than-expected jobs data, but stocks on the local bourse fell sharply as traders...