Currencies

Instant View: US PCE matches expectations in August

NEW YORK -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index rose 0.3% in August, versus the prior 0.2% rise in July and matched the estimate of economists...

US consumer spending increases solidly in August

WASHINGTON -U.S. consumer spending increased slightly more than expected in August, keeping the economy on solid ground as the third quarter progressed, while inflation continued to rise at a...

US stock index futures extend gains after August inflation data

U.S. stock index futures extended gains on Friday, after an in-line inflation reading reinforced bets that the Federal Reserve may proceed with interest rate cuts this year. A Commerce...

Canada's GDP rebounds in July after three months of contraction

OTTAWA -Canada's monthly gross domestic product rebounded from three months of contraction to grow by 0.2% in July as mining, manufacturing and wholesale trade boosted growth, data showed on Friday. ...

Fed's Daly: 'A little bit more' rate cutting likely needed 'over time'

San Francisco Federal Reserve Bank President Mary Daly repeated on Thursday that the U.S. central bank likely needs to cut interest rates further, but it needs to move slowly as it balances risks to...

Russia expects vehicle scrappage fee revenues to rise despite drop in sales

MOSCOW -The Russian government expects budget revenues from car scrappage fees to rise sharply this year and next, even though vehicle sales are in steep decline, a document reviewed by Reuters...

Tariffs could weaken, but not yet reverse, the dollar's reserve status, research shows

WASHINGTON -The massive tariffs proposed by President Donald Trump on Liberation Day in April put the U.S. dollar's role as the world's anchor currency at risk, while the administration's eventual...

Stocks fall, dollar rises as data dampens policy easing hopes

By Sinéad Carew and Marc Jones NEW YORK/ LONDON -MSCI's global equities gauge was falling while bond yields rose as investors worried that Thursday's stronger than expected economic...

Korea's wobbles over US trade talks awaken the won bears

SEOUL -South Korea's trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or...

Japan's corporate service inflation perks up in August

TOKYO -A leading indicator of Japan's service-sector inflation perked up in August, data showed on Thursday, backing up the central bank's view that rising labour costs will help keep inflation...

Fed's Daly: Further rate cuts will likely be needed

San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she fully supported the decision by the Fed to cut its policy rate last week and expects further reductions ahead. ...

Stocks fall as dollar rises, gold falls with Fed rate path in question

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON -MSCI's global equities gauge fell on Wednesday while the dollar rose and gold prices dipped, as investors digested cautious comments...

DoubleLine takes multi-pronged approach to US economy as official jobs data under scrutiny

NEW YORK -U.S. bond firm DoubleLine said on Wednesday it is using a variety of official and private data sources to assess the health of the U.S. economy, as it is worried about a decline in the...

Argentine economic activity rises 2.9% in July

BUENOS AIRES -Argentina's economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America's third-largest...

Fed's Goolsbee says US jobs market steady, cautions against aggressive rate cuts, FT reports

Federal Reserve Bank of Chicago President Austan Goolsbee said the U.S. jobs market remains mostly steady and solid and warned against a series of interest rate cuts, the Financial Times reported on...

US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke

WASHINGTON -Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening labor market...

US ready to support Argentina with $20 billion swap line, Bessent says

WASHINGTON -The U.S. is currently in negotiations for a $20 billion swap line with Argentina's central bank and stands ready to do what is needed to support the South American country, U.S. Treasury...

DAX Expected to Open Lower After Fed Chair Powell's Speech

Following remarks by US Federal Reserve Chairman Jerome Powell, the DAX is set to open Wednesday with losses, according to movements in the futures markets. On Tuesday, the German benchmark index...

RBNZ's new Swedish boss joins bank shaken by politics, says 'kia ora'

WELLINGTON -New Zealand's first foreign central bank governor in modern history takes the top job amid heightened criticism of the bank's management of the economy and as independent monetary policy...