Currencies

US dollar recovers, Aussie hits five-year low after China tariff retaliation

NEW YORK -The U.S. dollar rebounded against major currencies such as the euro and yen on Friday after Federal Reserve Chairman Jerome Powell acknowledged the repercussions of larger-than-expected...

Trump says 'perfect time' for Fed to cut interest rates

WASHINGTON -U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the perfect time to do so. CUT INTEREST RATES,...

US egg imports meant to drive prices down could be hit by tariffs

U.S. President Donald Trump's new tariffs could apply to eggs being imported to ease a supply shortage, Agriculture Secretary Brooke Rollins said on Thursday, a move that industry experts said could...

Canada loses jobs in March for first time since 2022 on tariff uncertainty

OTTAWA -Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to...

Canada's economy sheds 32,600 jobs in March

TORONTO -Canada's total employment fell and the unemployment rate ticked up to 6.7% in March, data showed on Friday, as uncertainty around tariffs and their subsequent implementation took a toll on...

Fed seen waiting until June to start rate cuts, after big job gains last month 

The Federal Reserve is seen waiting until June to start cutting interest rates after a government report showed stronger than expected jobs growth last month that eased concern about the state of the...

Sanctioned Russia escapes immediate US tariff hit, braces for long-term impact

MOSCOW -The Russian economy, mainly insulated from Western markets by sanctions, has escaped immediate damage from sweeping U.S. tariffs but the Kremlin said on Friday it needs to take extra measures...

Trump tariffs may delay, but won't derail, Japan rate hikes

New U.S. tariffs announced by President Donald Trump may delay, but likely won't derail, the Bank of Japan's plan to raise interest rates further as policymakers seek to avoid renewed yen falls that...

US tariffs risk slowing global growth significantly, ADB chief economist says

The United States' sweeping new tariff regime risks slowing both U.S. and global growth, shrinking export markets and potentially prompting a Federal Reserve response, the Asian Development Bank's...

Dollar sinks as investors grapple with tariff aftermath

The U.S. dollar sank against major peers on Thursday, dropping to six-month lows against the euro, and the safe haven yen and Swiss franc, as investors grappled with how U.S. President Donald Trump's...

Trump tariffs draw global promises of counter measures

Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on...

China stocks, yuan tumble after bigger-than-expected Trump tariffs

China's yuan dropped to its lowest level in seven weeks and stock markets slumped on Thursday after U.S. President Donald Trump unveiled a sweeping set of reciprocal tariffs that were particularly...

What's in Trump's sweeping new reciprocal tariff regime

U.S. President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% U.S. tariff on goods from all countries and higher reciprocal tariff rates for countries that...

Dollar moves higher against the yen as Trump announces tariffs

The dollar weakened against the euro and turned higher against the yen on Wednesday as U.S. President Donald Trump began a long awaited announcement of sweeping new tariffs that look certain to...

Traders boost bets on June start to Fed rate cuts as Trump puts on new tariffs

Traders boosted bets the Federal Reserve will start cutting interest rates in June and deliver a total of three quarter-point reductions to the policy rate by October, as U.S. President Donald Trump...

Over a third of EM corporations to be 'meaningfully impacted' by tariffs, says JPMorgan

More than a third of emerging market companies are likely to be meaningfully impacted by U.S. trade tariffs when they hit, analysts at investment bank JPMorgan have estimated. Including...

Dax expected lower - US tariffs in focus

The DAX will start slightly lower on Wednesday, according to price trends on the futures markets. On Tuesday, the leading German index closed 1.7 percent higher at 22,539.98 points....

BOJ warns of possible hit to global trade from planned new US tariffs

Planned new U.S. tariffs could have a huge impact on world trade, Bank of Japan Governor Kazuo Ueda said on Wednesday, warning of a possible hit to global growth hours before President Donald Trump is...

Trading Day: Nervous calm ahead of 'Liberation Day'

TRADING DAY Only 24 hours until Trump unveils new tariffs The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S. President Donald Trump's...