Analysis: Currencies

European Commission says existing rules address stablecoin risks

Europe's crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank...

Canada posts surprise jump in job gains in September, unemployment rate unchanged

OTTAWA -Canada's economy posted a surprise 60,400 net job gains in September, almost entirely reversing the losses of the previous month, data showed on Friday, though the unemployment rate remained...

Sterling skids to two-month lows as dollar shines

LONDON -The pound fell to two-month lows on Friday, set for its biggest weekly fall since a rout in UK bonds in January, largely driven by a resurgent dollar, which has vaulted higher as political...

Undervalued or still vulnerable? Indian rupee's path splits analysts

MUMBAI -The Indian rupee's fall to an all-time low has split analysts on what comes next for the South Asian currency. While some predict further weakness looming, strained by sluggish trade and...

Trump boosts Argentina's Milei with $20 billion lifeline as US buys pesos

The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump's pledge to prop up the...

Fed should be cautious on rate cuts due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday, in a speech that leaned heavily into the risks of inflation, even...

US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular...

Fed should be cautious due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday in a speech that leaned heavily into the risks of inflation, even as...

Brazil's cenbank director says tightening pause means longer hold on rate levels

Brazil's central bank monetary policy director Nilton David said on Thursday that the decision by policymakers to interrupt the monetary tightening cycle requires keeping interest rates unchanged for...

Bank of Canada warns against over-regulation of financial sector

The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S....

Zelenskiy says Russia's gasoline supplies may be down by a fifth after Ukrainian attacks

Ukrainian long-range strikes on Russian energy facilities may have reduced gasoline supplies in Russia by up to a fifth, President Volodymyr Zelenskiy said, as both sides step up attacks on each...

South African policymakers agree on lowering inflation target, timing still an issue

JOHANNESBURG -South African Reserve Bank Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury agreed that the country's inflation target should be lowered but they...

Fed's Williams tells New York Times he backs more rate cuts this year

New York Federal Reserve President John Williams backs more interest rate cuts this year given the risk of a further slowdown in the labor market, according to an interview published by the New York...

BOJ should be wary of more rate hikes, adviser to Japan's likely next PM says

TOKYO -The Bank of Japan should be cautious about raising interest rates again as the economy is still fragile, said Etsuro Honda, a close economic adviser to Sanae Takaichi, who is likely to become...

South African rand holds gains from gold rally

JOHANNESBURG -The South African rand firmed on Thursday, retaining recent gains from a gold rally that boosted most emerging market assets. At 1245 GMT, the rand traded at 17.09 against...

Brazil's beef exports to China jump 38% in September amid US tariffs

SAO PAULO -Brazil's beef exports to China rose 38.3% in September from a year earlier, reaching 187,340 tonnes, industry group Abrafrigo said on Wednesday, helping push total monthly exports to a...

India's central bank launches digital currency retail sandbox

The Reserve Bank of India on Wednesday launched a retail sandbox for its central bank digital currency , allowing fintech firms to build and test solutions as part of the ongoing pilot, Suvendu...

Bank of England warns of 'sharp correction' in markets if mood sours on AI or Fed

Global financial markets could tumble if investors' mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. ...

Revolut co-founder Storonsky leaves UK to move residence to UAE

Billionaire Nikolay Storonsky, the CEO and co-founder of financial technology business Revolut, has changed his residence from the UK to the United Arab Emirates, according to filings in Britain's...