Analysis: Currencies

Dollar Climbs as Fed Plays the Waiting Game

The U.S. dollar took a modest step upward on Thursday, as the Federal Reserve signaled it was in no hurry to cut interest rates. This cautious stance comes amid ongoing uncertainties surrounding U.S....

London gains ground on New York in Z/Yen global financial hub survey

London is gaining ground on New York in a closely-watched index of the world's leading financial centres, in a first sign that efforts by policymakers to reboot Britain's sluggish banking and...

In the Market: How Trump is driving Asia to diversify away from US

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify...

Tariffs to delay inflation progress, too soon to gauge impact, Fed's Powell says

U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that...

Radio Free Asia puts most staff on unpaid leave after grant termination

The U.S. government-funded Radio Free Asia told hundreds of U.S.-based staff on Wednesday they will be put on unpaid leave from the end of this week after President Donald Trump's administration said...

Fed policymakers project two rate cuts this year, some see fewer

WASHINGTON -U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they...

Feds says will slow balance sheet runoff process

The Federal Reserve said on Wednesday that it will reduce the pace of the drawdown of its still-massive balance sheet, as it faces challenges in assessing market liquidity during an ongoing impasse...

JPMorgan says Russia unlikely to rejoin MSCI global indexes until after 2027

Russian stocks are likely to need more time to reenter the widely followed MSCI global equity indexes that the most optimistic scenario of two years from June, JPMorgan analysts wrote in a client...

EU struggles to bring Trump to the table on tariffs

As one of the European Union's top negotiators, Sabine Weyand has battled Britain over Brexit and driven tough trade talks around the world. But as Europe seeks a deal to avert further...

China ends two-year ban on Argentina poultry imports

China has lifted a two-year ban on poultry imports from Argentina, reopening a key supply channel amid a tit-for-tat trade war with the United States that has led to steep tariffs on U.S poultry. ...

BOJ set to keep interest rates steady as Trump risks cloud outlook

The Bank of Japan is set to keep interest rates steady on Wednesday, as policymakers spend more time gauging how prospects of higher U.S. tariffs would affect the export-reliant economy. ...

Canada's annual inflation rate increases to 2.6% in February

Canada's annual inflation rate rose to a higher than expected 2.6% in February, on broad-based increases, including the end of the GST/HST holiday on food and certain other items, Statistics Canada...

Russia's sovereign wealth fund is eyeing rare earth projects with US companies, CEO says

Russia's sovereign wealth fund is eyeing the development of rare earth deposits in the country and wants to partner with U.S. companies, Kirill Dmitriev, CEO of the Russian Direct Investment Fund ,...

Argentina's GDP seen growing in Q4 after shrinking for six quarters

Argentina's economy is expected to have registered year-on-year growth in the fourth quarter of 2024, ending six consecutive quarters of year-on-year contraction and further lifting it out of...

Currencies: Waiting for the Fed

This week, all eyes will be on the next meeting of the US Federal Reserve, scheduled for Wednesday. In the meantime, forex traders are loading their guns, and are ready to fire with all barrels.

Foreign investors lured to high-yielding Chinese bank debt

Foreign investors are rushing into Chinese interbank debt instruments as mainland yields rise, seeking to exploit the advantage of favourable currency conversion rates and the refuge offered by the...

Fed officials prepare to lay down marker on impact of Trump policies

New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that...

Rising inflation expectations could put Fed on shallower rate-cut path

American families are growing sharply less optimistic about the economic outlook, but the Federal Reserve may be loathe to respond aggressively to a weakening economy in light of increasing worries...

With uncertainty comes growing economic risk for the Fed to weigh

WASHINGTON -Since U.S. President Donald Trump took office in January, he has imposed biting new tariffs, with more coming, begun a disruptive cull of federal jobs and spending, risked a political...