Analysis: Currencies

Bank of Canada says risk of severe global trade conflict has diminished

The risk of a severe and escalating global trade conflict has diminished since April and there is some clarity about what U.S. tariffs will look like, the Bank of Canada said on Wednesday. ...

Bank of Canada holds rates steady and says global trade war risk has eased

OTTAWA -The Bank of Canada held its key policy rate at 2.75% for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished. ...

Ukraine's PrivatBank wins UK lawsuit against former owners over alleged fraud

LONDON -Ukraine's PrivatBank on Wednesday won its London lawsuit against its former owners for siphoning off nearly $2 billion from the country's largest lender. PrivatBank accused Ihor...

Sterling edges up ahead of Fed, investors uncertain about BoE policy path

Sterling was marginally higher on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting, after digesting news this week of a trade deal between the United States and the...

Euro bulls wince as US-EU trade deal slams the brakes on rally

LONDON -Euro bulls are facing the first big test of their conviction in the form of the European Union's U.S. trade deal, which has cast doubt on the durability of one of 2025's most popular trades. ...

Rebound in US economic growth in second quarter masks underlying slowing trend

WASHINGTON -U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy's health as declining imports accounted for the bulk of the...

Brazil beef-packers estimate $1 billion in losses if US tariffs apply

SAO PAULO -Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian...

Russia says Aeroflot has recovered from cyberattack, but dozens more flights cancelled

Russian airline Aeroflot cancelled dozens more flights on Tuesday but said it had now stabilised its schedule after a major cyberattack a day earlier, and the transport ministry said the issue had...

IMF lifts 2025 GDP emerging economies' outlook on improved China view

NEW YORK -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat...

Pakistan's crackdown on black market dollar trade pushes deals online

KARACHI/PESHAWAR, Pakistan -Pakistan's crackdown on black market dollar trading has strengthened the rupee, but traders say under-the-counter deals have swiftly shifted to smartphones and home...

Pound at 10-week low against dollar after US-EU trade deal

LONDON -The pound fell to a 10-week low against a stronger dollar on Tuesday, while staying just off a two-year low against the euro, as markets continue to digest the announcement of the trade deal...

Dollar rejuvenated

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets  The dollar is on course for its best week of the year, as unfolding U.S....

Fed's policy toolkit may be headed for fundamental changes

A U.S. senator's recent push to strip the Federal Reserve of a key aspect of how it controls interest rates and the battle over who will succeed Fed Chair Jerome Powell point to a future where some...

South African rand extends losses as traders await outcomes of rate meeting, US tariffs

JOHANNESBURG -The South African rand weakened on Tuesday, with investor attention pinned on the outcome of the country's monetary policy meeting and updates on tariff negotiations as it faces a 30%...

Russia's Yandex rebounds from loss to post Q2 profit growth

Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles , the company said on...

Exclusive-Brazil in talks with TPG, Brookfield over $4 billion climate finance push

LONDON/BRASILIA -Brazil is in talks with global investors including TPG and Brookfield to raise nearly $4 billion for climate-focused projects, as it ramps up a green finance push ahead of hosting...

Sterling bounces off two-year low on euro, soft on dollar

LONDON -The pound briefly hit a two-year low versus the euro on Monday, before rebounding, and dipped on the dollar, though its moves were largely a function of those elsewhere as investors digested...

US-EU deal boosts markets and the dollar

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets European stocks and Wall Street futures climbed again after the weekend...

Indian rupee, bond markets cautious in week dominated by Fed, tariffs

MUMBAI -The Indian rupee and government bonds will react to a host of cues this week, including a U.S. Federal Reserve policy decision and the August 1 reciprocal tariff deadline, which is likely to...