Currencies

Instant View: Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump to announce his Fed chief pick on Friday

President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed...

Trump says he will announce his Fed chief nominee on Friday

U.S. President Donald Trump said he will announce his pick to replace Federal Reserve Chair Jerome Powell on Friday morning. I'll be announcing the Fed chair tomorrow morning, Trump said...

Core inflation in Tokyo slows, still on track to hit BOJ goal

Core inflation in Japan's capital slowed to a 15-month low in January due to the effects of gasoline subsidies and easing price pressure on food, data showed on Friday, a sign consumers were getting...

Wall Street opens mixed as markets digest Big-Tech AI splurge

Wall Street opened mixed on Thursday, as investors waded through mega-cap tech results that showcased another surge in AI spending, while the Federal Reserve held rates steady as widely expected. ...

US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years

The number of Americans filing new applications for unemployment benefits fell last week from an upwardly revised level in the prior week, suggesting layoffs remained low, but tepid hiring is stoking...

Bank of Canada governor warns of unusual potential for new economic shock due to Trump policy

Bank of Canada Governor Tiff Macklem told Reuters he saw unusual potential for a new shock to the economy, given elevated geopolitical risks and U.S. trade policy. Macklem said in an...

Japan leans on US backing, tactical silence in war on yen bears

Japan's top monetary officials are leveraging rare U.S. backing in their fight against the weak yen, using tactical silence and calibrated communication to drive the currency sharply higher without...

Copper lurches to record high above $14,000 as speculators pile in

Copper prices spiked to a record high of more than $14,000 a metric ton on Thursday, as speculators extended their buying spree, encouraged by expectations of strong demand and supported by a weak...

Brazil's PicPay prices New York IPO at $19 per share, top of indicated range

Brazilian digital bank PicPay priced its U.S. initial public offering on Wednesday at $19 per share, at the top of the indicated price range, the company said. PicPay said it sold about...

Dollar rebounds as Fed holds rates steady

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Dollar holds gains against euro, yen after Fed stands pat on rates

The U.S. dollar held gains against the euro and the yen on Wednesday after the U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation alongside solid economic growth, and...

Threat to Fed's independence boosts economic uncertainty, says Bank of Canada head

The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date...

Brazil's PicPay set to price New York IPO at top of range, source says

Brazilian digital bank PicPay is expected to price its U.S. initial public offering on Wednesday at the top of the indicated price range of $16 to $19 per share, a source familiar with the matter...

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Fed expected to hold rates steady as rate-cut pause begins

The Federal Reserve is expected to hold interest rates steady on Wednesday in a pause that investors see lasting beyond U.S. central bank chief Jerome Powell's final meetings in March and April, with...

For Fed, uptick in bank lending may add to case against rate cuts

Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the...

Dollar options traders turn bearish as 'bye America' selloff deepens

Options traders have turned overwhelmingly negative towards the dollar this week, after President Donald Trump brushed off the U.S. currency's 2.5% slide this month, pushing the cost of derivatives to...

Why the euro's rise to $1.20 is a big deal

The euro has hit a new milestone against the dollar, highlighting the single currency's renewed push higher as sentiment towards the greenback sours. Here's a look at what's behind the...