Analysis: Currencies

Gloom pervades ahead of Fed meet's outcome

A look at the day ahead in European and global markets from Rae Wee Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade...

Japan manufacturers' confidence dips in June on tariffs, China woes

TOKYO -Japanese manufacturers grew less confident about business conditions in June and expressed caution about the outlook for the next three months, citing U.S. tariff uncertainties and weak...

Fed announces meeting to discuss easing bank leverage rules

WASHINGTON -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank...

Fed policymakers meet as new data raises growth concerns, geopolitical risks rise

WASHINGTON -Federal Reserve officials met on Tuesday armed with new economic data that could give more weight to their concerns that Trump administration policies, or at least the intense uncertainty...

Currencies: On the brink

The dollar fell sharply again last week against the major G10 currencies, and it took Israel's surprise attack on Iran to give it some respite. But will that be enough to prevent it from plunging...

Ghana has lost $11 billion to gold smuggling, links to UAE, report finds

DAKAR -Ghana is losing billions of dollars in revenue annually to smuggling from its booming artisanal gold mining sector with much of the gold flowing to the United Arab Emirates, according to a...

Fed to release 2025 bank stress test results on June 27

WASHINGTON -The Federal Reserve announced on Friday that it would publish the 2025 results of its annual big bank stress tests on June 27. The U.S. central bank conducts the test each...

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%...

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...

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...

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...

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. ...

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...

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...

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...

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...