Currencies

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...

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...

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...

DAX Pauses for Breath After Rally

After a strong start to the week, DAX investors took a breather on Tuesday. The German benchmark index opened slightly higher at 24,054.16 points, following a 1.7 percent gain on Monday. Optimism at...

DAX Expected to Open Higher After Trump Delays EU Tariffs

The DAX is set to open higher on Monday, according to calculations by banks and brokerage houses. On Friday, the index closed down 1.5 percent at 23,629 points, following threats of tariffs from US...