Currencies

Bank of Canada holds benchmark rate steady at 2.75%

TORONTO -The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%, its first pause after seven consecutive cuts. MARKET REACTION: [CAD/] LINK: ...

US manufacturing output slows in March; tariffs cloud hangs over factories

U.S. manufacturing production rose moderately in March and could decelerate further amid President Donald Trump's global tariffs, which have sparked a trade war with China. Factory...

Argentina's FX gamble reaps early wins. Now for the hard part

Argentina's libertarian President Javier Milei rolled the dice this week on a major economic swerve, tearing down currency controls that had been in place for almost six years to protect the peso and...

Bank of Canada says US tariffs could trigger deep recession

If U.S. tariffs trigger a global trade war, inflation in Canada would spike and the country would enter a deep recession, according to a Bank of Canada scenario released on Wednesday. ...

FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor

The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: Good morning. I'm pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss...

Dax expected to fall further - focus on global trade and Fed

On Wednesday, the Dax will start with losses, according to price developments on the futures markets. On Tuesday, investors in Europe had bet on further tariff exemptions and bought stocks. The Dax...

Japan manufacturers turn cautious about business outlook due to Trump tariffs

Japanese manufacturers expressed improved business sentiment in April versus March though are bearish about their outlook over the next three months as they brace for the impact of sweeping U.S....

Trading Day: Another lull, but fireworks are coming

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  ECB, China GDP, Powell up next Investors...

Brazil auto market offers warning for US tariff policy

When Brazil hiked trade barriers in its auto market over a decade ago, the government promised more local manufacturing, reliable jobs and better cars. Instead, carmakers opened and then...

US import prices muted, but tariffs loom over inflation

U.S. import prices unexpectedly fell in March, pulled down by decreasing costs for energy products, the latest indication that inflation was subsiding before President Donald Trump's sweeping tariffs...

Canadian home sales post weakest March since 2009 on tariff uncertainty

Canadian home sales and house prices declined in March, while the outlook for the full year turned less rosy, as U.S.-led global trade tensions threatened to upend the domestic economy, data from the...

Instant View: Canada's annual inflation eases to 2.3% in March

Canada's annual inflation rate fell to 2.3% in March from 2.6% in February, helped by lower gasoline and travel tour prices. Analysts had expected inflation to remain at 2.6% ...

Dax expected to rise - economy in focus

The Dax will start Tuesday with gains, according to price developments on the futures markets. On Monday, the German leading index closed 2.9 percent higher at 20,954.83 points. The US tariff...

Argentina peso tumbles as Wall St cheers FX controls easing, IMF deal

BUENOS AIRES -Argentina's peso slid 10% on Monday to near 1,200 per dollar after the country undid large parts of its currency and capital controls at the end of last week, part of sealing a $20...

Argentina farmers focus on harvest over sales despite currency boost

Argentina's grain industry welcomed an exchange-rate overhaul on Monday, though the new measures will likely not translate into immediate sales as the harvest remains behind schedule, experts said. ...

Bank of Canada is more likely to halt interest rate cuts after tariff pause

The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S. President Donald Trump's retreat from sweeping reciprocal tariffs have reduced...

US tariff exemptions boost European stock markets

The US tariff exemptions for electronic products are causing prices to rise on the European stock markets at the start of the week. The Dax was around 2.5 percent firmer at 20,860...

Reuters poll: Rising Canada recession risk to trigger at least two more rate cuts this year 

Growing recession risks to Canada from the U.S.-led trade war will push the Bank of Canada to cut interest rates at least twice more this year, although a majority of economists said policymakers will...

Argentina seals $20 billion IMF deal, tears down currency controls

BUENOS AIRES -Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts...