Analysis: Currencies

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...

BOJ must ensure fiscal considerations don't overtake mandate, deputy governor says

TOKYO -The Bank of Japan should make clear it is not monetising government debt by ensuring that fiscal considerations do not take precedence over its goal of achieving price stability, Deputy...

China's forex reserves up $3.6 billion in May, less than expected

BEIJING -China's foreign exchange reserves rose by a less-than-expected $3.6 billion in May, official data showed on Saturday, as the dollar continued to weaken against other major currencies. ...

Russian central bank delivers surprise rate cut, first since 2022

MOSCOW -The Russian central bank cut its key interest rate by a full percentage point to 20% on Friday, a surprise move by the bank which it justified by pointing to declining inflation pressure and...

Canada's May unemployment rate at multi-year high

OTTAWA -Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on...

Fed's Bowman lays out ambitious agenda to overhaul and ease bank oversight

WASHINGTON -The Federal Reserve's new top regulatory official on Friday laid out an ambitious agenda for revisiting and easing numerous bank rules and oversight policies which she argued have become...

Fed likely to leave rates unchanged as US job market cools but doesn't crumble

Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy...

Russia's Nabiullina on central bank rate cut, inflation and rouble

MOSCOW -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 20% from 21%. ...

China's yuan slips to 2-year low versus peers after Trump-Xi call leaves issues unresolved

China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a...

ECB's Villeroy: France should stabilise public spending, focus on the wealthy first

PARIS -France cannot go on piling up debt and should stabilise its public spending, an effort to which everybody should contribute starting with the most wealthy, Bank of France head and European...

EU considers adding Russia to money laundering 'grey' list, FT reports

The European Union is considering adding Russia to its 'grey' list of countries with lax money laundering controls, the Financial Times reported on Friday citing officials. A final...

US job growth slows as tariff uncertainty leaves businesses in limbo

WASHINGTON -U.S. job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the...

Exclusive-Brazil government to back bill cutting tax breaks by 10%, say sources

BRASILIA -Brazil's government is expected to back a bill proposing a 10% cut to federal tax breaks, two sources told Reuters on Thursday, in a move that could allow it to scrap a controversial...

Chicago private equity firm has stake in Gaza aid company

WASHINGTON -A Chicago-based private equity firm - controlled by a member of the family that founded American publishing company Rand McNally - has an economic interest in the logistics company...

Bank of Canada: some firms see less chance of a worst-case tariffs scenario

Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving U.S. tariffs but are set to raise prices, the Bank of Canada said on...

Fed policymakers flag inflation concerns, a view that argues against rate cuts

A pair of Federal Reserve policymakers signaled on Thursday that they believe higher inflation is for now a more pressing risk than a slowing labor market, a view that implies support for keeping...

Weekly jobless claims hit seven-month high; imports post record decline

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic...

Sterling holds its own against stronger dollar, trade optimism lends supports

LONDON -Sterling ticked higher against the dollar on Thursday, one of the few major currencies to hold its own against the greenback which regained ground after weak U.S. data dragged it lower on...

South African rand firms on better-than-expected current account data

JOHANNESBURG -The South African rand strengthened on Thursday, helped by better-than-expected current account data. The country's current account deficit stood at 0.5% of gross domestic...