Analysis: Currencies

Dollar gains after strong US jobs data stretches market hopes of Fed cut

NEW YORK -The U.S. dollar rose against major currencies, including the yen, euro and Swiss franc on Thursday, after data showing the U.S. economy created more jobs than expected, signalling that the...

US Fed bank supervision chief takes buyout, email says

WASHINGTON -Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the...

U.S. dollar to stay under pressure from tariff, debt and rate cut expectations

BENGALURU -The U.S. dollar will remain weak over the coming months, a Reuters poll of FX analysts forecast, caught in a tangle of mounting U.S. debt concerns, erratic tariff policies and rising...

Vale cuts forecast for iron ore agglomerates output amid market weakness

SAO PAULO/RIO DE JANEIRO -Brazilian miner Vale on Wednesday lowered its forecast for iron ore agglomerates production in 2025, as the pellet market struggles with oversupply concerns and reduced...

Italy could lose 20 billion euros in exports, 118,000 jobs with US tariffs, industry head says

MILAN -Italy risks losing 20 billion euros in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on...

Trading Day: Sweeping US fiscal bill advances, rate path stays murky

NEW YORK - -TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter Jamie is enjoying some well-deserved time off, but the Reuters markets team will still...

Trump says he has 'two or three' choices to replace Fed's Powell

WASHINGTON -U.S. President Donald Trump said on Tuesday he has two or three top choices to replace Jerome Powell as Federal Reserve chair. Powell, whose term ends in May 2026, was nominated by Trump...

Foreign investors increase dollar hedges on US stock portfolios

NEW YORK -Overseas asset managers and pensions are adding protection against a weakening dollar, concerned about the U.S. currency's diminishing ability to diversify their U.S. equity portfolios....

Fed's Powell says dollar swap lines remain important tool

NEW YORK -Federal Reserve Chair Jerome Powell said Tuesday the U.S. central bank has no plans to change how it offers dollar liquidity to other official entities. Speaking on the matter of the Fed's...

Russia launches accounts with withdrawal guarantees for foreign investors

MOSCOW -Russia has launched a new type of investment account that contains withdrawal guarantees, according to a decree signed by President Vladimir Putin on Tuesday, as Moscow looks to attract...

US construction spending falls again in May

WASHINGTON -U.S. construction spending fell in May as higher mortgage rates and rising inventory weighed on single-family housing projects. The Commerce Department's Census Bureau said on Tuesday that...

Fed rate cut bets rise after Powell doesn't rule out July 

Financial market bets rose that the Federal Reserve could start interest-rate cuts as soon as this month after Fed Chair Jerome Powell, asked if July was too soon to consider rate cuts, said he can't...

Powell reiterates Fed will wait for more data before cutting rates

SINTRA, Portugal -U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to wait and learn more about the impact of tariffs on inflation before lowering interest...

Euro zone factory orders stabilise for first time in 3 years, PMI shows

LONDON -Euro zone manufacturing activity showed further signs of recovery in June as new orders stopped falling for the first time in more than three years, suggesting a tentative stabilisation in the...

Former RBNZ Acting Governor Spencer appointed to central bank's board

Former Reserve Bank of New Zealand Acting Governor Grant Spencer has been appointed to the central bank's board for a five-year term, effective July 1, Finance Minister Nicola Willis said on Tuesday....

Dollar pares losses against euro and Swiss franc after better-than-expected US jobs data

NEW YORK -The U.S. dollar gained ground against major currencies including the yen and the Swiss franc on Tuesday after data showed a better-than-expected increase in labor market demand, indicating...

White House says Trump wrote Powell to urge lower rates

WASHINGTON -U.S. President Donald Trump wrote Fed Chair Jerome Powell urging him to lower interest rates, White House press secretary Karoline Leavitt told reporters on Monday. Leavitt, at a briefing,...

Trump administration eyes Fed vacancy in early 2026 to appoint Powell successor, Bessent says

The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for appointing a successor to central bank Chair Jerome Powell, Treasury...

The euro's big beautiful moment    

LONDON -What matters in U.S. and global markets today Investors are keeping a wary eye on the progress of President Donald Trump's One Big Beautiful U.S. tax-cutting and spending bill that is slowly...