Analysis: Currencies

China ramps up global yuan push, seizing on retreating dollar

SHANGHAI/SINGAPORE -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a moment of confusion and...

US dollar regains poise on easing trade worries, month-end buying

NEW YORK -The U.S. dollar advanced on Tuesday, lifted by the Trump administration's plan to ease the impact of auto duties on local car manufacturers as well as the prospect of more tariff deals with...

Dollar falls broadly ahead of US data, tariff uncertainty

NEW YORK/LONDON -The U.S. dollar slid across the board on Monday, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially...

BOJ to keep rates steady, warn of US tariff risks

The Bank of Japan is expected to keep interest rates steady on Thursday and warn of heightening risks to the fragile economy that could keep policy in a holding pattern, as U.S. tariffs continue to...

Former Fed governor Warsh blasts US central bank for leaving its lane

WASHINGTON -Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on...

Fed survey finds global trade fight, policy uncertainty top financial stability risks

WASHINGTON -Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve...

Russia keeps key rate on hold, braces for global turbulence

MOSCOW -The Russian central bank maintained its key interest rate at 21% on Friday, with inflation starting to decline but new risks facing the Russian economy because of global economic turbulence...

US bank regulators pull back guardrails on bank crypto activities

WASHINGTON -U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal...

Core inflation in Japan's capital hits 2-year peak, raising challenge for BOJ

TOKYO -Core inflation in Japan's capital accelerated to a two-year high in April on surging food costs, making the central bank's quest to fully exit ultra easy policy a delicate balancing act of...

Japan says no talk of currency target, yen control in finance dialogue with US

WASHINGTON -Japanese Finance Minister Katsunobu Kato said on Thursday he agreed with U.S. Treasury Secretary Scott Bessent to continue constructive dialogue on currency policy, but did not discuss...

Dollar rally unravels as investors shrug off Trump U-turns

NEW YORK -The dollar staged a broad retreat on Thursday, as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the...

US labor market holds steady for now; tariffs keep businesses on edge

WASHINGTON - The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting the labor market remained resilient despite darkening clouds over the...

Emerging economies face longer period of tighter financing, South African central banker says

WASHINGTON -Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free assets is very much in focus, the head of South Africa's central...

Republican task force chief wants to shield Fed from political influence, including Trump

WASHINGTON -A Republican lawmaker tasked with scrutinizing Federal Reserve monetary policy wants the U.S. Congress to help stabilize financial markets by insulating the central bank from political...

Analysts game out use of Fed toolkit if market needs central bank's help

NEW YORK -Market participants unsettled by the Trump administration's choppy policy rollout are working to game out what the Federal Reserve would do if asset prices spiral out of control and require...

Japanese investors turned net buyers of overseas bonds last week

Japanese investors were net buyers of overseas bonds in the week through April 19, as U.S. bond markets recovered somewhat after a heavy selloff earlier this month. Japanese investors had been net...

Bridgewater three co-CIOs warn 'exceptional risks' to US assets

HONG KONG -Bridgewater Associates' three Co-Chief Investment Officers said they see exceptional risks to U.S. assets under the Trump administration's rapid shift to modern mercantilism that puts...

Tariffs restrain US business activity, boost asking prices for products

WASHINGTON -U.S. business activity slowed to a 16-month low in April while prices charged for goods and services soared amid uncertainty caused by tariffs, reinforcing financial market fears of...

Currencies: Major maneuvers

The sometimes contradictory statements coming from the Trump administration are fueling the current uncertainty and continuing to weigh on the dollar while keeping rates high.