Analysis: Currencies

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...

Fed soothes as Trump seethes

What matters in U.S. and global markets today U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively...

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...