Analysis: Currencies

US could offer Argentina credit line if 'external shock' hit, Bessent says in remarks

U.S. President Donald Trump's administration would be willing to offer Argentina a credit line if an external shock jeopardized the country's economic turnaround, according to a transcript of comments...

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising...

Fed's Harker says US poverty levels may be understated

NEW YORK -Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday the true level of poverty in the United States might be understated, in comments that did not address the...

BOJ likely to keep rate-hike signal intact despite Trump tariff risks, sources say

TOKYO -The Bank of Japan is expected to signal next week that risks from higher U.S. tariffs will not derail a cycle of rising wages and inflation seen as crucial to keep raising interest rates, said...

Wall St ends sharply lower following Trump's anti-Powell tirade

STORY: U.S. stocks suffered steep losses on Monday, with all three of Wall Street's main indexes falling more than two percent. President Donald Trump ramped up his criticism of Federal...

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell, who says rates should...

China central bank urges state-owned businesses to prioritise yuan in overseas expansion

SHANGHAI -China's central bank said on Monday it was encouraging state-owned enterprises to prioritise yuan usage in payment and settlement in their overseas expansion, in what is seen as an official...

Turkey's Simsek to meet ratings agencies, investors on US trip

Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Turkey during a visit to the United States this week. I...

BOJ chief Ueda to visit Washington for G20, IMF meetings

TOKYO -Bank of Japan Governor Kazuo Ueda will visit Washington from Tuesday through Sunday to attend the G20 finance leaders' gathering and the annual spring International Monetary Fund meetings, the...

Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy...

Trump studying whether to fire Fed Chair Powell, adviser says

WASHINGTON -White House economic adviser Kevin Hassett on Friday said President Donald Trump and his team were continuing to study if they could fire Federal Reserve Chair Jerome Powell, a sign that...

China set to leave lending rates steady, but tariffs raise easing bets

China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, but markets are wagering on more stimulus being rolled out soon in the...

Trump amps up feud with Fed over rates, accuses Powell of 'playing politics'

U.S. President Donald Trump on Thursday launched a series of attacks against Federal Reserve Chair Jerome Powell, accusing the central bank chief of playing politics by not cutting interest rates,...

Trump has discussed firing Fed's Powell with Warsh, eyed as possible successor, WSJ says

President Donald Trump has privately discussed firing Federal Reserve Chair Jerome Powell for months and talked about it with former Fed Governor Kevin Warsh, including the possibility of then...

Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%

An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median probability of recession in the next 12 months approaching 50%, according...

US Treasury in talks with federal agencies to ease bank oversight, Bloomberg News says

U.S. Treasury Secretary Scott Bessent is hosting private meetings with federal and other bank agencies as a part of his expanded effort to streamline oversight and coordinate plans to ease regulation,...

US labor market stable; tariffs depress single-family homebuilding

WASHINGTON -The number of Americans filing new applications for unemployment benefits fell to a two-month low last week, suggesting labor market conditions remained stable in April, though...

PIMCO bearish on dollar, long-term Treasuries as US safe-haven status wavers

U.S. bond giant PIMCO said protectionism in U.S. trade policy strengthened the case for dialing down exposure to the U.S. dollar and long-dated Treasury bonds, while greater reliance on foreign bond...

Russian Arctic oil exports to China jump helped by STS transfers, sources say

Russia's Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according...