Analysis: Currencies

Fed policymakers flag inflation concerns, a view that argues against rate cuts

A pair of Federal Reserve policymakers signaled on Thursday that they believe higher inflation is for now a more pressing risk than a slowing labor market, a view that implies support for keeping...

Weekly jobless claims hit seven-month high; imports post record decline

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labor market conditions amid mounting economic...

Dollar drops against euro after ECB indicates possible end to rate easing cycle

NEW YORK -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market...

Dollar to decline further on U.S. fiscal, growth and trade risks

Falling demand for U.S. dollar-denominated assets will push the greenback lower in coming months, according to FX strategists surveyed by Reuters, as concerns mount about the U.S. federal deficit and...

Bank of Canada holds key rate steady but says a future cut is possible

OTTAWA -The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy...

Fed officials beat the policy patience drum as tariff uncertainty persists

NEW YORK -Federal Reserve officials on Tuesday argued again for caution on monetary policy as President Donald Trump's trade war continues to inject substantial amounts of uncertainty and the risk of...

TSX extends record-setting run as higher oil prices add to market's appeal

Canada's main stock index edged up to a new record high on Tuesday, led by gains for the energy sector, as oil prices climbed and uranium producers notched gains. The Toronto Stock...

FX options market positioned for further dollar weakness

NEW YORK -The U.S. dollar has steadied after a sharp tumble this year but traders in the foreign exchange options market are positioned for the U.S. currency to weaken further amid growing concern...

Currencies: New bout of weakness

The greenback's performance continues to suffer from the twists and turns surrounding tariffs. After being ruled illegal by the US International Trade Court, a federal appeals court blocked this...

US skips hike in UK steel and aluminum tariffs as both countries eye quick trade deal

LONDON/WASHINGTON -The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain, hours after the UK government said the two countries agreed on the need to...

Bank of Canada to hold rates at 2.75% but cut at least twice more this year

The Bank of Canada will hold interest rates at 2.75% on Wednesday as policymakers await further news on an economy that grew faster than expected last quarter, with at least two more cuts likely this...

Canada's economy grows by 2.2% annualized rate in first quarter

TORONTO -Canada's economy grew faster than expected in the first quarter, expanding by a 2.2% annualized rate, data showed on Friday.     Market reaction: CAD/ LINK:...

US consumers pulling back spending; inflation slowing for now

WASHINGTON -U.S. consumer spending increased marginally in April, with households opting to boost savings amid mounting economic uncertainty because of a constantly changing tariff landscape. ...

Trump spurs questions about safety of Germany's gold in New York

FRANKFURT/BERLIN -The safety of Germany's gold reserves held overseas and in New York in particular, until recently mainly a talking point for the country's far-right party and gold bugs, is becoming...

Dollar mixed on tariff uncertainty, headed for monthly gain against yen

NEW YORK -The dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form,...

Fed's Kugler says monitoring markets amid big policy shifts

Federal Reserve Governor Adriana Kugler said on Thursday she's closely watching markets amid substantial shifts in trade policy and possible diminished investor desire to hold U.S. dollar assets.  ...

Trump summons Fed's Powell, tells him he's making a mistake on rates

WASHINGTON -U.S. President Donald Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday for their first face-to-face meeting since he took office in January and told the...

US labor market showing cracks; corporate profits post largest drop since 2020

WASHINGTON -The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May, suggesting layoffs...

Markets hope Trump tariffs stay 'unlawful'

A look at the day ahead in European and global markets from Wayne Cole Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a...