Currencies

Trump decision on Fed not imminent, source says

* Goolsbee says there is only one Fed chief * Chicago Fed president says a nominee for top Fed job is free to have opinions * Trump has...

Fed's Collins: not enough data by July to decide on a rate cut

Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates. We're only going to have really one more...

Fed's Barr says banks must manage climate risk

Federal Reserve Governor Michael Barr on Thursday said the U.S. central bank needs to ensure that banks are measuring and managing climate-related risk as they do other risks. I think...

Fed rate cut in July? Inside the US central bank, few takers

President Donald Trump says that tame inflation means the Federal Reserve should already be reducing its policy rate, but inside the U.S. central bank the idea has little traction, with only two Fed...

US labor market softening as more people remain on unemployment rolls

WASHINGTON -The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an...

Canada home prices to decline 2% as trade war hits homebuyer confidence 

BENGALURU -Canada home prices are set to decline 2% this year and stagnate in 2026, a significant downgrade from expectations of modest rises just three months ago, according to a Reuters poll of...

DAX Opens Higher as Powell Succession Debate Takes Center Stage

The DAX kicked off Thursday's trading session in positive territory. Germany's benchmark index advanced by 0.6 percent to reach 23,630 points. The ceasefire between Iran and Israel is holding, and...

Gold steady as investors await US inflation data, Mideast tensions ease

Gold prices held steady on Thursday as investors awaited U.S. inflation data to gauge the interest rate outlook and kept an eye on the Middle East as geopolitical tensions eased, while palladium and...

DAX Expected to Open Higher

According to calculations by banks and brokerage houses, the DAX is set to open higher on Thursday. On Wednesday, the index closed 0.6 percent lower at 23,498 points, as initial relief over the...

Foreigners turn net sellers of Japan stocks for first week in 12

Foreigners divested Japanese stock for the first time in 12 weeks in the week through June 21 on caution over the Israel-Iran conflict and its impact on Japanese oil imports and inflation. ...

Rupee hits two-week high as Fed credibility worries compound dollar's troubles

The Indian rupee strengthened to a fortnightly peak on Thursday, bolstered by broad weakness in the dollar on the back of concerns over the future independence of the U.S. Federal Reserve. ...

Britain vows to toughen its trade defences under new strategy

LONDON -Britain said it would toughen up its trade defences to better protect industries amid a turbulent global outlook of trade wars and U.S. tariffs that has shaped its new trade strategy...

New home sales fall to seven-month low in May; supply increases

WASHINGTON -Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply of unsold...

Fed's Powell cautions against ending Fed power to pay interest on reserves

NEW YORK -Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.  ...

JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025

NEW YORK -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this...

Powell says Fed needs to manage against risk that tariff inflation proves persistent

WASHINGTON -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be...

India cenbank sold net $1.66 billion in spot forex market in April, bulletin shows

MUMBAI -The Reserve Bank of India sold a net of $1.66 billion in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.   ...

Sterling holds firm near January 2022 highs

LONDON -The pound held steady against the dollar on Wednesday, consolidating gains from the past two days, as investors felt confident enough in the fragile ceasefire between Israel and Iran to dip...

Gold holds steady as investors await US economic data

Gold prices were steady on Wednesday as market participants remained cautious ahead of key U.S. economic data, while the ceasefire between Iran and Israel weighed on safe-haven demand. ...