Analysis: Currencies

BRICS tariff to be applied only if they adopt policies deemed 'anti-American', source says

WASHINGTON -The Trump administration will not immediately impose a new 10% tariff against members of the developing nation BRICS bloc, but will proceed if countries take so-called anti-American...

Brazil's auto sales, production dip in June

SAO PAULO -Brazil's auto production fell 6.5% in June from the previous month, totaling 200,764 units, data released by automakers association Anfavea showed on Monday. Auto sales in...

Currencies: A last gasp of pride or a dead cat rebounding?

The publication of the US employment report last Thursday caused a sharp jump in the greenback, even as the US economy showed remarkable resilience. The signing - or not - of new trade agreements...

Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla

By Sinéad Carew and Pranav Kashyap -Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and...

Japan must reduce reliance on US trade, opposition head says

TOKYO -Japan must diversify trade ties beyond the U.S. market to mitigate risks and focus on partnerships with countries favouring free trade, Hirofumi Yoshimura, co-representative of the opposition...

Toronto home sales rise to five-month high in June

TORONTO -Greater Toronto Area home sales rose for a third straight month in June and prices extended their recent decline, Toronto Regional Real Estate Board data showed on Friday. ...

Stocks, dollar dip as Trump passes spending bill, trade deal deadline nears

LONDON -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the...

Trump administration will focus on Fed chair replacement in fall, Bessent says

WASHINGTON -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday, adding that...

At Sintra getaway, central bankers mull threats to their domain

SINTRA, Portugal -At their annual gathering in the hills of Portugal's Sintra, central bankers this week confronted rising challenges to their control of the global money system, from political...

Instant view: US job growth beats expectations in June

NEW YORK -U.S. job growth in June rose above expectations, while the unemployment rate fell, suggesting the labor market is stable. Nonfarm payrolls increased by 147,000 jobs in June,...

TSX posts record closing high as investors cheer U.S. jobs data

Canada's main stock index rose to a record closing high on Thursday, led by gains for financial and technology shares, as stronger-than-forecast U.S. employment data added to the high spirits of...

Investors mobilise for weeks of market whiplash from wild-card events

LONDON -Big investors are mobilising to trade through weeks packed with wild-card events that may shatter the calm in stock markets and drive big swings for assets they see as exposed to both...

Dollar gains after strong US jobs data stretches market hopes of Fed cut

NEW YORK -The U.S. dollar rose against major currencies, including the yen, euro and Swiss franc on Thursday, after data showing the U.S. economy created more jobs than expected, signalling that the...

US Fed bank supervision chief takes buyout, email says

WASHINGTON -Michael Gibson, director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of this month after 33 years at the...

U.S. dollar to stay under pressure from tariff, debt and rate cut expectations

BENGALURU -The U.S. dollar will remain weak over the coming months, a Reuters poll of FX analysts forecast, caught in a tangle of mounting U.S. debt concerns, erratic tariff policies and rising...

Vale cuts forecast for iron ore agglomerates output amid market weakness

SAO PAULO/RIO DE JANEIRO -Brazilian miner Vale on Wednesday lowered its forecast for iron ore agglomerates production in 2025, as the pellet market struggles with oversupply concerns and reduced...

Italy could lose 20 billion euros in exports, 118,000 jobs with US tariffs, industry head says

MILAN -Italy risks losing 20 billion euros in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on...

Trading Day: Sweeping US fiscal bill advances, rate path stays murky

TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter  Jamie is enjoying some well-deserved time off, but the...

Foreign investors increase dollar hedges on US stock portfolios

NEW YORK -Overseas asset managers and pensions are adding protection against a weakening dollar, concerned about the U.S. currency's diminishing ability to diversify their U.S. equity portfolios.  ...