Analysis: Currencies

US dollar's safe haven halo flickers amid Fed, fiscal and trade jitters - Reuters poll

BENGALURU - Concerns are mounting about the dollar's safe haven appeal, according to a majority of FX strategists surveyed by Reuters who forecast the global reserve currency will decline further over...

Asia FX rattles and Merz stumbles

LONDON - A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets World markets are getting nervy again on the back of fresh salvos in Washington's...

Taiwanese life insurers' portfolios have billions of unhedged dollars

SINGAPORE -Taiwan's currency is at three-year highs after notching unprecedented gains as insurance firms, pension funds and other investors quit U.S. dollar assets or scramble to hedge exposure....

'Asian crisis in reverse' as currencies soar on the dollar

SINGAPORE/SHANGHAI -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses...

Euro zone economic growth slows in April, services near stagnation, PMI shows

LONDON - The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile,...

Taiwan dollar's record rally is a trade-war tremor

SINGAPORE/TAIPEI -An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade...

Trump says won't remove Fed chair Powell, says good parts of economy are his doing

WASHINGTON -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as a total stiff...

Trump says US in transition period, downplays impact of short-term recession

WASHINGTON -President Donald Trump said on Friday the U.S. was in a transition period and was going to do fantastically while downplaying the impact any short-term recession may have. When asked...

Fed gets no reason to rush on rate cuts as job market holds up

Federal Reserve policymakers on the alert for possible cracks in the labor market as businesses adjust to President Donald Trump's erratic trade policy got some reassurance on Friday that so far...

April US payrolls growth slows before full tariff impact felt

U.S. job growth slowed marginally in April, but the outlook for the labor market is increasingly darkening as President Donald Trump's aggressive tariff policy heightens economic uncertainty. Nonfarm...

Exclusive-Europe to hand billions in frozen Russian cash to Western investors, sources say

BRUSSELS -Euroclear plans to seize and redistribute about 3 billion euros of Russia's funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to...

BOJ sees window for rate hikes narrowing but not closed yet

TOKYO -The Bank of Japan's rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with U.S. President Donald Trump's tariffs rapidly narrowing the window for...

Japan Q1 GDP likely contracted on soft domestic demand, import surge

TOKYO - Japan's economy probably contracted for the first time in a year in the first quarter, weighed down by softer domestic demand and imports outperforming exports, a Reuters poll showed, as U.S....

US dollar retreats, but off lows, after solid jobs report

NEW YORK - The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor...

US blacklist on China is riddled with errors, outdated details

HONG KONG/SHENZHEN - Doris Au, a seller of door locks and hardware in Hong Kong for 25 years, received a letter from her bank, DBS Group, last June stating that her business account would be closed....

Canadian factory PMI hits near five-year low on tariff uncertainty

TORONTO -Canadian manufacturing activity contracted in April at the steepest rate since shortly after the start of the COVID-19 pandemic as the uncertain nature of U.S. trade policy weighed on...

Yen slides with JGB yields after BOJ cuts growth forecasts

TOKYO -The Bank of Japan cut its growth and inflation forecasts on Thursday while refraining from raising interest rates against a backdrop of uncertainty created by Washington's aggressive and...

Bank of Canada governing council mulled cutting rates again in April

OTTAWA, April 30 - The Bank of Canada discussed whether to cut rates again earlier this month but decided not to given the uncertainty caused by U.S. tariffs, according to minutes of discussions...

Stocks log worst 100 day start since Nixon as Trump injects semi-permanent uncertainty

NEW YORK -President Donald Trump's first 100 days in office delivered the worst start for stocks since former President Richard Nixon's second term in 1973, stoked volatility across markets and...