Analysis: Currencies

Russia expects vehicle scrappage fee revenues to rise despite drop in sales

MOSCOW -The Russian government expects budget revenues from car scrappage fees to rise sharply this year and next, even though vehicle sales are in steep decline, a document reviewed by Reuters...

Tariffs could weaken, but not yet reverse, the dollar's reserve status, research shows

WASHINGTON -The massive tariffs proposed by President Donald Trump on Liberation Day in April put the U.S. dollar's role as the world's anchor currency at risk, while the administration's eventual...

Stocks fall, dollar rises as data dampens policy easing hopes

By Sinéad Carew and Marc Jones NEW YORK/ LONDON -MSCI's global equities gauge was falling while bond yields rose as investors worried that Thursday's stronger than expected economic...

Korea's wobbles over US trade talks awaken the won bears

SEOUL -South Korea's trade talks with the Trump administration have become increasingly dogged by political doubts this week, spooking investors who now worry Seoul may end up with a raw deal or...

Fed's Daly: Further rate cuts will likely be needed

San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she fully supported the decision by the Fed to cut its policy rate last week and expects further reductions ahead. ...

Stocks fall as dollar rises, gold falls with Fed rate path in question

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON -MSCI's global equities gauge fell on Wednesday while the dollar rose and gold prices dipped, as investors digested cautious comments...

Argentine economic activity rises 2.9% in July

BUENOS AIRES -Argentina's economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America's third-largest...

Fed's Goolsbee says US jobs market steady, cautions against aggressive rate cuts, FT reports

Federal Reserve Bank of Chicago President Austan Goolsbee said the U.S. jobs market remains mostly steady and solid and warned against a series of interest rate cuts, the Financial Times reported on...

US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke

WASHINGTON -Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening labor market...

US ready to support Argentina with $20 billion swap line, Bessent says

WASHINGTON -The U.S. is currently in negotiations for a $20 billion swap line with Argentina's central bank and stands ready to do what is needed to support the South American country, U.S. Treasury...

RBNZ's new Swedish boss joins bank shaken by politics, says 'kia ora'

WELLINGTON -New Zealand's first foreign central bank governor in modern history takes the top job amid heightened criticism of the bank's management of the economy and as independent monetary policy...

Asian stocks slip as growth concerns cloud outlook

SINGAPORE -Stocks in Asia fell on Wednesday, following declines on Wall Street as remarks by Federal Reserve Chair Jerome Powell gave little indication about the future path of interest rates and...

Dollar rises after Powell reiterates caution over further easing

TOKYO/LONDON -The U.S. dollar rose on Wednesday, rebounding from its lowest level in nearly a week, after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing overnight,...

Fed's Powell strikes middle path on inflation, jobs, as others take sides

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation and a weakening job market in coming interest...

Bank of Canada head expresses concern about Trump's Fed actions

OTTAWA -Bank of Canada Governor Tiff Macklem on Tuesday expressed concern about President Donald Trump's attempts to pressure the U.S. Federal Reserve, saying his actions had started to hit financial...

Fed's Powell: Repeats no risk-free path as Fed balances job, inflation risks

WASHINGTON -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a challenging situation with an ongoing risk of faster-than-expected inflation at the same time that weak...

Fed's Bostic says inflation risks still present in US economy

Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump's import tax hikes...

US business activity cools further, no widespread price increases

WASHINGTON -U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs increasing costs they were not raising prices for their goods and...

Full impact of U.S. tariff shock yet to come as growth holds up, OECD says

PARIS -Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support...