Analysis: Currencies

Dollar hovers ahead of PCE and tariff onslaught

The dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The...

Argentina IMF talks targeting $20 billion loan deal, minister says

Argentine Economy Minister Luis Caputo said on Thursday that the country was negotiating a $20 billion deal with the International Monetary Fund , formally putting a figure on the long-mooted program...

Global Eggs agrees to buy Hillandale Farms for $1.1 billion

SAO PAULO -Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday. ...

Brazil sees trade tensions getting worse before they get better

Brazil's Secretary of Foreign Trade warned on Thursday that the global trade tensions being ratcheted up by Donald Trump's U.S. tariffs were likely to get worse before they get better. ...

Russia's Rusagro loses a third of its value after Moshkovich detained

Rusagro, Russia's leading producer of sugar, meat, oil and fat products, has lost nearly a third of its market value on the Moscow stock exchange since news of the detention of its billionaire founder...

Euro at three-week low as Trump imposes auto tariffs

The euro weakened to a three-week low on Thursday and the yen was steady against the dollar after U.S. President Donald Trump slapped a 25% tariff on imported cars and light trucks starting next week...

Ukraine may sign economic deal next week, US Treasury chief tells Fox News

U.S. Treasury Secretary Scott Bessent said on Wednesday Ukraine may sign an economic deal next week and President Donald Trump will not hesitate to raise sanctions on Russia if the need arises. ...

Japan lawmaker says yen undervalued, eyes steps to reverse outflows

Japan's economic fundamentals suggest the yen's real value is closer to 120-130 per dollar rather than the current 150 levels, senior lawmaker told Reuters, as the ruling party considers steps to help...

Brazil's JBS reports rise in quarterly profit

SAO PAULO -Brazil-based JBS, the world's largest meat packer, posted a sharp rise in net profit in the final quarter of 2024, even as the company's U.S. beef division grapples with high cattle...

Fed's Kugler: Uptick in goods inflation 'unhelpful'

Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank's 2% target has...

Dollar drifts as traders await Trump tariff clarity

The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited clarity on U.S. President Donald Trump's next round of tariffs. The euro rose...

BOJ's message: Food inflation can't be ignored even as Trump tariffs raise risks

The Bank of Japan's meeting last week passed with no surprises, but for a careful BOJ watcher its message on the need to remain vigilant on food-driven inflationary pressures had an important...

Fed reports comprehensive 2024 net loss of $77.5 billion

The Federal Reserve said on Friday the loss it faced last year on its operations declined relative to 2023. The U.S. central bank said the total distribution of its comprehensive net...

Fed's Waller says no need to slow balance sheet drawdown at this time

Federal Reserve Governor Christopher Waller on Friday said he opposed the U.S. central bank's decision this week to slow the pace of reduction of its securities holdings because the level of reserves...

UAE commits to $1.4 trillion investment framework in US, White House says

The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, a White House official said...

Fed's Williams says monetary policy in right place amid notable uncertainty

New York Federal Reserve President John Williams said on Friday the U.S. central bank's monetary policy is in the right place at this time, given how the economy is performing in an environment where...

US equity funds' weekly outflows surge to a three-month high on tariff concerns

U.S. equity funds saw the largest net outflows in three months in the week through March 19 on worries about the impact of U.S. tariff policies and caution ahead of a monetary policy decision from the...

Argentina unions to strike against Milei on April 10

Argentina's largest umbrella union, the powerful General Confederation of Labor , announced on Thursday it will hold a broad 24-hour strike on April 10 in protest of President Javier Milei's economic...

US weekly jobless claims rise marginally as labor market remains stable

The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March, though the outlook is darkening amid...