Analysis: Currencies

Pound strengthens after British jobs data

LONDON -The pound strengthened against the euro for the fourth session in a row on Tuesday after British labour market data which analysts said would not affect the Bank of England's cautious stance...

US consumer prices likely increased marginally in July; data quality concerns rising

WASHINGTON -U.S. consumer prices likely increased moderately in July, though rising costs for goods like household furniture and apparel because of import tariffs probably resulted in a measure of...

Indian rupee ends flat as market awaits key inflation data in US and India

The Indian rupee was largely unchanged on Tuesday with traders in wait and watch mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on...

Fed vice chairs, Dallas Fed president being considered for next chair, Bloomberg reports

WASHINGTON -Both Federal Reserve vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan are under consideration to serve as the next chair of the U.S. central...

Brazil-US meeting canceled amid tariff dispute, says finance minister

SAO PAULO -Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday. ...

Inflation data to draw scrutiny after BLS firing, $2.1-trillion TIPS market at risk

NEW YORK -Monthly U.S. inflation data is under increased scrutiny after President Donald Trump removed the head of the U.S. Bureau of Labor Statistics, a move that could undermine confidence in the...

Currencies: In summer, do what you like

Despite a few hiccups here and there, the summer has not yet caused any major shockwaves capable of shaking the current momentum. The game is therefore to monitor key inflection points on the various...

Argentines grill up more beef in first half of 2025 as wages soar

Argentines are once again chowing down on beef, as an economic turnaround has allowed them to fork over more for steaks, a report from the Rosario exchange said on Friday.  The...

Bessent leads broad search for Fed chair that includes Bullard, Sumerlin

WASHINGTON -U.S. Treasury Secretary Scott Bessent is leading a search for a successor to Federal Reserve Chair Jerome Powell, with an expanded list that includes a longtime economic consultant and a...

Fed officials tilt dovish as US job market softens

Since the Federal Reserve's decision last month to hold interest rates steady, a shift appears underway at the U.S. central bank, with several Fed officials sounding increasingly uneasy about the...

Fed's Musalem: There are risks now to both the inflation and jobs goals

WASHINGTON -The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to...

J.P.Morgan brings forward Fed rate cut forecast to September

J.P.Morgan now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing signs of weakness in the labor market and uncertainty around President Donald...

Brazil economy starting to see impact of high rates, official says

SAO PAULO -Brazil's government believes the economy is starting to feel the effects of high interest rates and will closely monitor data to see if those impacts are wider than initially expected,...

Exclusive-India pauses plans to buy U.S. arms after Trump's tariffs

NEW DELHI -New Delhi has put on hold its plans to procure new U.S. weapons and aircraft, according to three Indian officials familiar with the matter, in India's first concrete sign of discontent...

Instant View: Canada's economy sheds 40,800 jobs in July

Canada's economy shed 40,800 jobs in July and the jobless rate held steady at the multi-year high level 6.9%, Statistics Canada data showed on Friday. Market reaction: [CAD/]     ...

Japanese household spending rises in June; pace slowed by food prices

TOKYO -Japanese household spending rose in June at a slower rate than market participants had expected, showed government data on Friday, as higher prices particularly for food items discouraged...

Japanese investors dump foreign stocks, pile into bonds in July as yen weakens

Japanese investors sold foreign stocks for a third straight month in July, taking profits after a steep rally left valuations stretched, while channelling large sums into higher-yielding foreign...

South African rand flat as traders await tariff updates after Ramaphosa-Trump call

JOHANNESBURG -The South African rand was little changed on Friday as investors awaited details of President Cyril Ramaphosa's telephone call with his U.S. counterpart President Donald Trump on...

Trump moves to extend grip on Fed

A look at the day ahead in European and global markets from Rae Wee With U.S. President Donald Trump's nomination to fill a newly vacant seat at the Federal Reserve now out of the way,...