Analysis: Currencies

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...

Markets shrug off US appeals court's decision to reinstate Trump tariffs

NEW YORK -Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump's tariffs. This came a day after a trade...

Fed saw inflation, jobless, stability risks at May meeting, minutes show

WASHINGTON -U.S. Federal Reserve officials at their last meeting acknowledged they could face difficult tradeoffs in coming months in the form of rising inflation alongside rising unemployment, an...

Brazil airline Azul files for Chapter 11 to restructure debt

Brazilian airline Azul on Wednesday filed for Chapter 11 bankruptcy protection in the United States, it said in a securities filing, after months of trying to restructure mostly pandemic-era debt. ...

Minutes of Fed's May meeting likely to show officials grappling with uncertainty

WASHINGTON -The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime soon, and minutes from that session released on Wednesday may...

Trump's tariff blitz prompts 'firefighting' response from Fed researchers

WASHINGTON/SAN FRANCISCO -U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of...

Fed's Kashkari calls for steady rates, awaits clarity on tariff impact

TOKYO -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning...

Currencies: Sell cheap, little-used dollars

The attempt to normalize trade relations has just taken a new turn with the US president's statements on European imports. Unsurprisingly, the tariffs were put on hold as soon as they were mentioned.

Trading Day: Trump shatters tariff calm with new salvo

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Just when a degree of calm appeared to have settled over...

Global equity funds post their biggest weekly outflow in six weeks

Global equity funds have seen weekly outflows for the first time in six weeks, pressured by rising U.S. Treasury yields and mounting concerns over the U.S. debt burden and tax-cut legislation,...

Canada March retail sales rise 0.8%; seen up 0.5% in April

OTTAWA -Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. ...

Bank of Canada head warns of weak growth if tariff uncertainty persists

BANFF, Alberta -Bank of Canada Governor Tiff Macklem said on Thursday he expected second-quarter growth to be quite a bit weaker than the first quarter, and that it could be worse in subsequent...

Fed's Perli encourages firms' use of Standing Repo Facility

NEW YORK -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has...

Russian lawmakers push for right to ignore Western company buyback options

Russian lawmakers are pushing for new rules to give domestic companies the right to ignore any buyback options they agreed with Western firms that left the country, to keep a grip on strategic...