Analysis: Currencies

Fed vice chairs, Dallas Fed president being considered for next chair, Bloomberg reports

WASHINGTON -Both Federal Reserve vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan are under consideration to serve as the next chair of the U.S. central...

Brazil-US meeting canceled amid tariff dispute, says finance minister

SAO PAULO -Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday. ...

Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk

NEW YORK -Monthly U.S. inflation data is under increased scrutiny after President Donald Trump removed the head of the U.S. Bureau of Labor Statistics, a move that could undermine confidence in the...

Currencies: In summer, do what you like

Despite a few hiccups here and there, the summer has not yet caused any major shockwaves capable of shaking the current momentum. The game is therefore to monitor key inflection points on the various...

Argentines grill up more beef in first half of 2025 as wages soar

Argentines are once again chowing down on beef, as an economic turnaround has allowed them to fork over more for steaks, a report from the Rosario exchange said on Friday.  The...

Bessent leads broad search for Fed chair that includes Bullard, Sumerlin

WASHINGTON -U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a...

Fed officials tilt dovish as US job market softens

Since the Federal Reserve's decision last month to hold interest rates steady, a shift appears underway at the U.S. central bank, with several Fed officials sounding increasingly uneasy about the...

Instant View: Canada's economy sheds 40,800 jobs in July

Canada's economy shed 40,800 jobs in July and the jobless rate held steady at the multi-year high level 6.9%, Statistics Canada data showed on Friday. Market reaction: [CAD/]     ...

Trump moves to extend grip on Fed

A look at the day ahead in European and global markets from Rae Wee With U.S. President Donald Trump's nomination to fill a newly vacant seat at the Federal Reserve now out of the way,...

Dollar heads for weekly loss on dovish Fed expectations

The dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S....

Trump's Fed pick wanted to upend its protection from politics

WASHINGTON -Having railed against the revolving door between the executive branch and the U.S. Federal Reserve, Council of Economic Advisers Chair Stephen Miran may now be walking through it after...

Trump nominates Miran to temporarily serve on Fed board

U.S. President Donald Trump on Thursday nominated Council of Economic Advisors Chairman Stephen Miran to serve out the remaining term of Federal Reserve Governor Adriana Kugler. Trump...

Trump picks Stephen Miran to fill open spot on Fed Board

WASHINGTON -U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal...

Investors game out market reaction to Fed chair replacement favorites

NEW YORK -As U.S. President Donald Trump narrows his shortlist for the next Federal Reserve chair, investors and strategists are closely analyzing the range of possible market reactions to each...

Brazil's fish industry, hit with a 50% US tariff, seeks a lifeline

SAO PAULO -Brazil's seafood industry is sounding the alarm to pressure the federal government for immediate relief as it grapples with mounting fears of job losses and bankruptcies as a result of the...

Wall Street mixed as oil prices decline for 6th session

NEW YORK/LONDON -Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a...

Trump says he will pick a 'temp' replacement for Fed's Kugler in days

WASHINGTON -U.S. President Donald Trump said on Wednesday he would likely in the next two to three days nominate a candidate, out of a short-list of three, to serve the remaining months of a...

On eve of US tariffs, Brazilian beef exports hit record high in July

SAO PAULO -Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from...

Exclusive-'I won't humiliate myself': Brazil's president sees no point in tariff talks with Trump

BRASILIA -As U.S. tariffs on Brazilian goods jumped to 50% on Wednesday, Brazil's President Luiz Inacio Lula da Silva told Reuters in an interview that he saw no room for direct talks now with U.S....