Analysis: Currencies

Russia slashes 2025 economic growth forecast to 1.5% from 2.5%

MOSCOW -Russia sees economic growth in 2025 slowing to 1.5%, far below the earlier 2.5% forecast, as high interest rates imposed to reduce inflation have stifled borrowing, Finance Minister Anton...

Senate panel prepares to hold hearing on Trump's Fed pick, Bloomberg News reports

The Senate Banking Committee will hold a hearing next week to consider U.S. President Donald Trump's nomination of White House economic adviser Stephen Miran as a Federal Reserve governor, Bloomberg...

Bank of Canada Governor says bank will not review 2% inflation target next year

The Bank of Canada will not review its inflation target when its monetary policy framework comes up for renewal next year, Governor Tiff Macklem said on Tuesday, saying the current target has helped...

New BIS head stresses importance of central bank independence and accountability

LONDON -The new head of the Bank for International Settlements on Tuesday stressed the need for central banks to focus on inflation and, amid Donald Trump's escalating attacks on the Fed, for their...

Mantra of central bank independence shaken by Trump moves on Fed

FRANKFURT -U.S. President Donald Trump's attacks on Federal Reserve policymakers are emerging as the biggest threat in decades to central bank independence, which is widely seen as key to keeping...

Fed Governor Cook will sue to keep her job as Trump mulls replacement

WASHINGTON -Federal Reserve Governor Lisa Cook will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official said on Tuesday, kicking off...

South American bloc Mercosur and Canada to resume talks for free-trade agreement

BRASILIA -Canada and South American bloc Mercosur will resume negotiations for a free-trade agreement, Brasilia and Ottawa announced on Monday after a meeting in Brazil's capital. ...

Currencies: New bout of weakness

To hell with greed. Jerome Powell seems determined to loosen the purse strings by cutting rates in September. In Fed chairman terms, this translates as: The central scenario and the evolution of the...

Major brokerages pivot to Sept Fed rate cut on Powell's labor warning

Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson...

Dollar rebounds from slump spurred by Powell's dovish surprise

NEW YORK -The dollar advanced against major currencies on Monday, bouncing from a steep fall last week that followed remarks from Federal Reserve Chair Jerome Powell that boosted expectations for a...

Fed's Powell opens door to September easing

NEW YORK -U.S. Federal Reserve Chair Jerome Powell on Friday pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to it in remarks that walked a...

Fed's Powell says monetary policy framework back on more traditional footing

Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework more oriented toward traditional efforts of promoting price stability, supplanting what had been a troubled...

Powell says Fed may need to cut rates, will proceed carefully

JACKSON HOLE, Wyoming -Federal Reserve Chair Jerome Powell on Friday signaled a possible interest rate cut at the U.S. central bank's meeting next month, saying that risks to the job market were...

New Zealand's central bank may cut interest rates twice more this year to 2.50%

BENGALURU -New Zealand's central bank will likely cut its key interest rate twice more this year, taking it to 2.50%, according to a majority of economists polled by Reuters following the latest...

Investors see risks for market as Powell walks tightrope at Jackson Hole

NEW YORK -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to...

China suspends Argentine poultry imports five months after ban lifted

BEIJING -China has suspended imports of Argentine poultry products from August 20, just five months after lifting a two-year ban. The ban came after the Argentine government temporarily...

Dollar gains before key Powell speech at Jackson Hole on Friday

NEW YORK -The dollar gained on Thursday before a highly anticipated speech by Federal Reserve Chair Jerome Powell on Friday will be evaluated for any new clues on whether the U.S. central bank is...

BOJ chief's dogged caution tempers board's hawkish instincts

TOKYO -In 2024, Kazuo Ueda delivered Japan's first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings - now, the Bank of...

US tech-stock stumble shows vulnerability in AI trade

NEW YORK -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away...