Analysis: Currencies

Canadian manufacturing PMI falls in September as downturn deepens

TORONTO -Canada's manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday. The...

The global race for free trade agreements since Trump's return

BRUSSELS -U.S. President Donald Trump's tariffs have unleashed an unprecedented burst of free trade agreements and negotiations towards them by partners seeking to offset potential lost exports to...

Russian manufacturing sector sees sharper contraction in September, PMI shows

MOSCOW -Russia's manufacturing sector contracted slightly faster in September than the previous month as both output and new orders shrank more quickly, a survey by S&P Global showed on Wednesday. ...

India's central bank proposes to boost international usage of rupee

MUMBAI -India's central bank on Wednesday proposed steps to boost the Indian rupee's , global use, including allowing local banks to lend in rupees to businesses in neighboring countries and setting...

Washington goes dark

A look at the day ahead in European and global markets from Stella Qiu And just like that the U.S. government has entered its 15th shutdown since 1981 and the second under President...

Soft line in sand emerges for rupee near 88.80/USD on RBI interventions

MUMBAI, October 1 -The Indian rupee was flat on Wednesday with traders pointing out that a near-term floor for the currency appears to be forming near the 88.80 per U.S. dollar mark, a level marked...

Fed's Logan: US may need more slack in job market to hit 2% inflation

WASHINGTON -The U.S. labor market likely needs to weaken further for the Federal Reserve to achieve its 2% inflation target, as prices are rising even faster without factoring in the impact of new...

Fed's Collins cautions against aggressive rate cuts given inflation issues

NEW YORK -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that her outlook for monetary policy is consistent with the gradual path of easing shown in the latest central bank...

Putin entrusts military-linked bank with accelerated state property sales

MOSCOW -Russian President Vladimir Putin appointed PSB, a bank which serves the military-industrial complex and is under Western sanctions, as the government's agent in state property sales,...

Russia declares partial diesel export ban until year-end, extends gasoline ban

MOSCOW -Russia has imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year, the government said on Tuesday. Russia is facing fuel...

Fed's Collins notes openness to cutting rates again,  depending on data

NEW YORK -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that she's open to more interest rate cuts amid expectations price pressures will start to wane sometime next year. ...

UK watchdog recommends new post-Brexit framework for tech licensing rules

LONDON -Britain's competition regulator has recommended replacing a legacy EU-era exemption for technology licensing agreements with a UK-specific framework, in a move aimed at modernising...

Foreign bank cash decline lifts fed funds rate ahead of quarter-end

NEW YORK -The effective federal funds rate - the interest banks charge each other for overnight loans to meet reserve requirements - rose unexpectedly last week ahead of quarter end, mainly on the...

Sterling rises against shutdown-focussed dollar; set for fourth monthly loss on euro

LONDON -The pound edged up on Tuesday, but still headed for its fourth monthly loss against the euro and its first loss since July against the dollar, where short-term action has been dominated by...

Indian rupee hits all-time low on US-India policy friction; RBI continues support

MUMBAI -The Indian rupee dropped to a record low on Tuesday, with unresolved trade strains with the United States fuelling heavy dollar demand and prompting central bank intervention to support the...

Rise in key German states' inflation points to national uptick

BERLIN -Inflation rose in four key German states in September, preliminary data showed on Tuesday, pointing to an increase in national inflation and in line with analysts' forecasts. ...

Bank of Korea sold net $800 million for FX intervention in Q2

SEOUL -South Korea's foreign exchange authorities sold a net $800 million in currency market intervention transactions in the second quarter, after selling $2.96 billion in the first quarter, central...

South African rand softer after back-to-back domestic data

JOHANNESBURG -The South African rand softened on Tuesday after a flurry of mixed economic data from the central bank, revenue service agency, National Treasury and statistics agency. At...

Dollar/rupee one-day swap rate surges on quarter-end flows; spot flat

MUMBAI -The one-day dollar/rupee swap rate climbed on Tuesday on the back of flows related to the quarter-end, while the spot rate was little changed amid weak Asian cues. The one-day ...