Analysis: Currencies

Fed officials take cautious view on US markets amid downgrade

NEW YORK -U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government's credit rating and unsettled market conditions as they...

Currencies: Moody's not helping the dollar's cause

The surprise downgrade of the US debt rating by Moody's at the end of last week took the financial markets by surprise and is weighing on the greenback, which is struggling against almost all G10...

US Federal Reserve aims to trim staff by 10% in coming years

WASHINGTON -The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump's broader efforts to streamline...

Brazil's first bird flu case on commercial firm triggers Chinese ban

SAO PAULO -Brazil on Friday confirmed its first case of the highly contagious bird flu virus on a commercial chicken farm in the south of the nation, triggering a temporary trade ban from its main...

Brazil's Gol secures $ 1.9 billion in exit financing with 5-year term

Brazil's airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday. Additional demand...

Argentina's black market for dollars falters as currency controls are eased

On the streets of downtown Buenos Aires, where years of tough currency controls fermented a thriving black market for dollars, an army of illegal money traders are finding times hard under the...

China's neighbors are betting on their currencies to appease Trump

With the currencies of South Korea, Taiwan, and Japan posting notable gains in recent days, speculation is rife that these economies may use a revaluation of their currencies as leverage in their...

Japan's April core inflation likely sped up to fastest pace in two years

Japan's April core inflation probably rose at its fastest pace in two years on the reduction of energy subsidies and higher food costs, a Reuters poll showed, adding to pressure on the central bank to...

Fed's Barr says economy on solid footing, trade dispute clouds outlook

WASHINGTON -The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded the outlook, Federal Reserve Governor Michael Barr said on...

US and UAE finalise technology framework agreement, source says

DUBAI -The United States and United Arab Emirates have finalised a technology framework agreement that is expected to be signed later on Thursday during President Donald Trump's last stop of his...

Another won bites the dust

A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper. It's looking very much like another risk-off day for the markets today, where...

As euphoria ebbs, Powell on deck

A look at the day ahead in European and global markets from Rae Wee The euphoria from this week's mix of market tailwinds appears to have run its course, with investors left searching...

US dollar dips as retail sales growth slows

NEW YORK -The U.S. dollar slipped on Thursday after a flurry of economic data, including a gauge of consumer health that showed retail spending slowed in April as an uncertain economic outlook...

Fed policymakers on hold to seek clarity from the data, but the data are not cooperating

WASHINGTON -Federal Reserve policymakers are leaving interest rates where they are while they try to assess how U.S. President Donald Trump's sweeping tariffs and ongoing trade negotiations will...

Brazil meatpacker JBS sees slim trade war impact as Q1 earnings top forecasts

JBS, the world's largest meatpacker, reported a nearly 78% annual increase in net profit driven by its poultry and pork businesses in Brazil and the U.S., and said on Tuesday the global trade war has...

Trump calls on Fed to cut rates, saying prices of 'practically everything' are down

U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and practically everything else are down. No...

Brokerages scale back recession odds after U.S.-China trade truce

Major brokerages have scaled back their U.S. recession forecasts following a temporary tariff truce between the U.S. and China, which has fueled optimism for easing global trade tensions.Goldman Sachs...

Fed survey finds general ease in first-quarter credit demand

Top U.S. bank lending officers reported weaker demand from businesses and consumers for many types of credit during the first three months of the year, according to a Federal Reserve report released...

BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official

RIO DE JANEIRO -Chinese electric car maker BYD's new factory in Brazil will be fully functional by December 2026, after its operations were delayed because of an investigation into labor abuses,...