Currencies

Weak US economic outlook persists despite brief trade truce with China

The outlook for the U.S. economy remains weak despite a temporary cooling of the U.S.-China trade war, a Reuters poll of economists showed, with a debate over the country's fiscal health hanging in...

Russian rouble near highest against US dollar since June 2023

MOSCOW -The Russian rouble briefly strengthened past the level of 80 to the U.S. dollar on Wednesday before rebounding, but remained close to its highest level since June 2023. By 1000...

Indian rupee lags behind Asian peers as foreign banks' dollar bids weigh

The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on...

EU to give Radio Free Europe 5.5 million euros after Trump funding freeze

BRUSSELS -The European Union will donate 5.5 million euros to support Radio Free Europe following a freeze on U.S. federal grants to the media outlet by the Trump administration, EU foreign policy...

Canada annual inflation rate falls, but rise in core measures is tricky for central bank

OTTAWA -Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard for the Bank of Canada as...

Canada's annual inflation rate drops to 1.7% in April

TORONTO -Canada's annual inflation rate in April fell to 1.7% from 2.3% in March as overall energy prices plunged 12.7% after the removal of a federal consumer carbon tax, Statistics Canada said on...

With US and EU deals, Britain embarks on high-risk balancing act

LONDON -Britain's pursuit of trade deals with the European Union and United States, while courting China, has made it a test case for navigating U.S. President Donald Trump's unpredictable new world...

BOJ urged to boost bond buying in wake of spike in super-long yields

TOKYO -Some market players urged the Bank of Japan to increase buying of super-long bonds, or terminate tapering for that maturity, in the wake of sharp rises in their yields, the central bank said...

China's crude oil imports from Russia fall in April; imports from Malaysia surge

China's imports of crude oil from Russia fell 12.9% in April from a year earlier, coming in at 8.07 million metric tons or 1.96 million barrels per day, Chinese customs data showed on Tuesday. ...

Rupee slips along with local stocks and Chinese yuan even as dollar softens

The Indian rupee weakened on Tuesday as dollar bids from foreign banks, likely on behalf of custodial clients, and a softer Chinese yuan outweighed positive cues from broad weakness in the greenback. ...

Dollar set for more weakness as 'Brand USA' falls further out of favor

NEW YORK -Trade-related uncertainties, ballooning fiscal debt and weakened confidence about enduring U.S. exceptionalism have weighed on U.S. assets, with the dollar one casualty. Investors see the...

Fed officials take cautious view on US markets amid downgrade

NEW YORK -U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government's credit rating and unsettled market conditions as they...

Sterling rises against weaker dollar as UK-EU agree trade reset

The pound rose against a weaker dollar and fell against the euro on Monday after Britain agreed a major trade and defence reset with the European Union, though FX market attention stayed on U.S....

Kenyan shilling flat against dollar, LSEG data shows

NAIROBI -Kenya's shilling was stable against the dollar on Monday, data from the London Stock Exchange Group showed. At 0938 GMT, the shilling traded at 129.00/129.40 per dollar,...

South African rand edges lower before budget and Trump meeting

JOHANNESBURG -The South African rand edged lower on Monday before this week's budget speech and a planned meeting between President Cyril Ramaphosa and U.S. President Donald Trump in Washington. ...

EU and UK reach tentative agreement ahead of summit, say EU officials

BRUSSELS -The European Union and Britain reached a tentative agreement on defence and security, fisheries and youth mobility ahead of a EU-UK summit on Monday, paving the way for British firms to...

Rupee to track trade deal cues; bond yields seen rangebound

MUMBAI -The Indian rupee is likely be rangebound this week as markets watch for updates on U.S.-India trade talks, while bond traders await a possible announcement on the central bank's surplus...

Japan halts some poultry imports from Brazil after bird flu outbreak

TOKYO -Japan has suspended imports of poultry meat from the southern Brazilian city of Montenegro and live poultry from the wider state of Rio Grande do Sul following a bird flu outbreak, an official...

UK-EU edge towards a reset on e-gates, food and defence

LONDON -Britain hopes to secure a reset deal with the European Union on Monday that would boost defence and security cooperation, and smooth the arrival of people and also food into the bloc, its...