Analysis: Currencies

Stocks climb, dollar dips with US-China trade talks eyed

NEW YORK -Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest...

Canada's May unemployment rate at multi-year high

OTTAWA -Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on...

Fed likely to leave rates unchanged as US job market cools but doesn't crumble

Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report on Friday showing the labor market is far from crumbling amid big trade policy...

US job growth slows as tariff uncertainty leaves businesses in limbo

WASHINGTON -U.S. job growth slowed in May amid uncertainty about the Trump administration's import tariffs, but solid wage growth should keep the economic expansion on track and potentially allow the...

Exclusive-Brazil government to back bill cutting tax breaks by 10%, say sources

BRASILIA -Brazil's government is expected to back a bill proposing a 10% cut to federal tax breaks, two sources told Reuters on Thursday, in a move that could allow it to scrap a controversial...

Chicago private equity firm has stake in Gaza aid company

WASHINGTON -A Chicago-based private equity firm - controlled by a member of the family that founded American publishing company Rand McNally - has an economic interest in the logistics company...

Bank of Canada: some firms see less chance of a worst-case tariffs scenario

Canadian firms and industry associations affected by trade tensions are less worried about a worst-case scenario involving U.S. tariffs but are set to raise prices, the Bank of Canada said on...

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:...