Analysis: Currencies

Asia FX rattles and Merz stumbles

A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets World markets are getting nervy again on the back of fresh salvos in...

'Asian crisis in reverse' as currencies soar on the dollar

SINGAPORE/SHANGHAI -A wave of dollar selling in Asia is an ominous sign for the greenback as the world's export powerhouse starts to question a decades-long trend of investing its big trade surpluses...

Euro zone economic growth slows in April, services near stagnation, PMI shows

The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey...

Taiwan dollar's record rally is a trade-war tremor

SINGAPORE/TAIPEI -An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade...

Trump says won't remove Fed chair Powell, says good parts of economy are his doing

WASHINGTON -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as a total stiff...

April US payrolls growth slows before full tariff impact felt

U.S. job growth slowed marginally in April, but the outlook for the labor market is increasingly darkening as President Donald Trump's aggressive tariff policy heightens economic uncertainty. ...

Exclusive-Europe to hand billions in frozen Russian cash to Western investors, sources say

BRUSSELS -Euroclear plans to seize and redistribute about 3 billion euros of Russia's funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to...

BOJ sees window for rate hikes narrowing but not closed yet

TOKYO -The Bank of Japan's rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with U.S. President Donald Trump's tariffs rapidly narrowing the window...

US dollar retreats, but off lows, after solid jobs report

The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor market that...

US blacklist on China is riddled with errors, outdated details

Doris Au, a seller of door locks and hardware in Hong Kong for 25 years, received a letter from her bank, DBS Group, last June stating that her business account would be closed. The bank gave little...

Canadian factory PMI hits near five-year low on tariff uncertainty

TORONTO -Canadian manufacturing activity contracted in April at the steepest rate since shortly after the start of the COVID-19 pandemic as the uncertain nature of U.S. trade policy weighed on...

Yen slides with JGB yields after BOJ cuts growth forecasts

TOKYO -The Bank of Japan cut its growth and inflation forecasts on Thursday while refraining from raising interest rates against a backdrop of uncertainty created by Washington's aggressive and...

Russia sees 2025 economic growth at 1.8% in 'trade war' scenario

MOSCOW -International trade wars, triggered by the United States' protectionist policies, pose a key risk to the Russian economy, according to the country's Economy Ministry, which published its...

Bank of Canada governing council mulled cutting rates again in April

The Bank of Canada discussed whether to cut rates again earlier this month but decided not to given the uncertainty caused by U.S. tariffs, according to minutes of discussions released on Wednesday. ...

Stocks log worst 100 day start since Nixon as Trump injects semi-permanent uncertainty

NEW YORK -President Donald Trump's first 100 days in office delivered the worst start for stocks since former President Richard Nixon's second term in 1973, stoked volatility across markets and...

US consumer confidence plunges in April

U.S. consumer confidence slumped to a nearly five-year low in April as growing concerns over tariffs weighed on the economic outlook. The Conference Board said on Tuesday its consumer...

China ramps up global yuan push, seizing on retreating dollar

SHANGHAI/SINGAPORE -As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher U.S. tariffs, the People's Bank of China was seizing a moment of confusion and...

US dollar regains poise on easing trade worries, month-end buying

NEW YORK -The U.S. dollar advanced on Tuesday, lifted by the Trump administration's plan to ease the impact of auto duties on local car manufacturers as well as the prospect of more tariff deals with...

Dollar falls broadly ahead of US data, tariff uncertainty

NEW YORK/LONDON -The U.S. dollar slid across the board on Monday, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially...