Analysis: Currencies

The dollar's crown is slipping, and fast

LONDON -The dollar has sunk to its lowest in three years as rapidly changing U.S. trade policy unsettles markets and expectations build for Federal Reserve rate cuts, fuelling outflows from the...

US producer prices rebound less than expected in May

WASHINGTON -U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares. The producer price index for final demand rebounded 0.1%...

Sterling drops to six-week low against euro

Sterling rose against the U.S. dollar on Thursday but dropped to a six-week low against the euro, following weak economic data from the U.S. and the UK.  The euro hit its highest level...

Top Wall Street bank pitches options play to ride potential Indian rupee rally to 83

MUMBAI -Goldman Sachs' sales and trading desk is recommending an options play on the Indian rupee that will pay off if the South Asian currency rallies to 83 per U.S. dollar over the next nine...

South African rand slips after local mining data disappoints

JOHANNESBURG -The South African rand slipped on Thursday, after the release of weaker-than-expected local mining output figures. At 1544 GMT the rand traded at 17.7850 against the...

US consumer prices rise moderately; tariffs expected to fan inflation

WASHINGTON -U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back of the...

Fed seen on track to start cutting rates by September

Cooler-than-expected U.S. inflation last month deepened conviction in financial markets on Wednesday that the Federal Reserve will start cutting interest rates by September and deliver a second...

AerCap can recover over $1 billion, UK court rules in case over jets 'lost' in Russia

LONDON -The world's largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London's High Court ruled on Wednesday, though that...

South African rand unmoved as budget law passes

JOHANNESBURG -The South African rand was little changed on Wednesday after the parliament passed budget legislation that sets the overall limits for government spending and lays out key...

BOJ to postpone rate hike to Q1 next year, tiny majority of economists say

TOKYO -The Bank of Japan will forego another interest rate hike this year due to uncertainty over U.S. tariff policy, according to a slight majority of economists in a Reuters poll who expect the...

Potato price surge fuels inflation pain for Russia's poorest

At a farm near Moscow, newly arrived guest workers from India are planting potatoes and cabbages - work closely monitored by central bank analysts as they prepare for board meetings to set interest...

EU's new Russia sanctions to target energy sector and banks

BRUSSELS -The European Commission proposed on Tuesday an 18th package of sanctions against Russia for its invasion of Ukraine, aimed at Moscow's energy revenues, its banks and its military industry. ...

UK pay growth slows as jobless rate rises to highest since 2021

LONDON -Pay growth in Britain slowed sharply and unemployment rose to its highest in nearly four years in the three months to April, official data showed on Tuesday, potentially making the Bank of...

BOJ to consider slowing bond taper as market jitters persist

TOKYO -The Bank of Japan is expected to keep interest rates steady next week and consider slowing reductions in its bond purchases from next fiscal year, a move that would signal its preference to...

Deal to get US-China trade truce back on track is done, Trump says

WASHINGTON/LONDON -President Donald Trump on Wednesday said he was very happy with a trade deal that restored a fragile truce in the U.S.-China trade war, a day after negotiators from Washington and...

Japan to conduct appropriate debt management policies, finance minister says

TOKYO -Japanese Finance Minister Katsunobu Kato said on Tuesday that the government will conduct appropriate debt management policies while communicating closely with market participants. ...

Brazil inflation estimated to have edged down in May

Brazil's inflation is estimated to have edged down in May as a persistent rise in food and beverage prices took a break, a Reuters poll found. Food inflation has begun to cool due to a...

Why Brazil's 'King of Cattle' is embracing a plan to save the Amazon

XINGUARA, Brazil -Decades of ranching in the Amazon have earned Roque Quagliato, Brazil's King of Cattle, great wealth - and some trouble. His family's immense farms were accused of submitting workers...

Currencies: Harsh reality

The resilience of the US labor market and the maintenance of high interest rates are clearly not enough to halt the dollar's downward trend. In the absence of significant developments, let's take a...