Analysis: Currencies

Another day, another AI record

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest  Oracle's skyrocketing share price lifted Asian equities on...

EU's top court rules against Hungary's nuclear state aid

AMSTERDAM -The EU's top court said on Thursday the European Commission should not have approved Hungarian state aid for the expansion of its Paks atomic plant by a Russian company, ruling that the...

South African rand pares early losses after hot US CPI data

The South African rand strengthened on Thursday after the U.S. saw higher-than-expected consumer inflation data but a surge in first-time applications for unemployment aid kept the Federal Reserve on...

Asian equities see first monthly foreign outflow in four months in August

Asian equities saw sharp outflows in August as worries over U.S. President Donald Trump's tariffs weighed on the outlook for the region's exporters, while a weaker dollar added to margin pressures...

In AI-simulated Fed meeting, political pressure polarises board

TOKYO -A simulated Federal Reserve meeting that used artificial intelligence agents modeled on real-life policymakers showed political pressure polarised members of the board in their rate-setting...

BOJ signals final phase of Ueda's stimulus unwind - selling ETFs

TOKYO -The Bank of Japan is firming up a strategy to unload its huge holdings of risky assets that will likely centre on a plan to gradually sell exchange-traded funds in the market, said three...

India rupee sinks to record low, US tariffs keep outlook fragile

The Indian rupee dropped to an all-time low against the U.S. dollar on Thursday, in a slide that reflects the mounting strain of U.S. tariffs on Asia's third largest economy. The rupee...

Japan wholesale inflation accelerates in August

Japan's wholesale inflation accelerated in August on steady rises in food costs, data showed on Thursday, highlighting sticky inflationary pressure that may keep alive market expectations of a...

Brazil's central bank to auction up to $1 billion with repurchase deal on Friday

SAO PAULO -The Brazilian central bank will offer up to $1 billion through two dollar auctions with repurchase agreement on September 12, the monetary authority said in a statement on Wednesday. ...

China clears imports of Brazil sorghum, first cargo likely in 2025, says official

SAO PAULO -China has approved imports of Brazilian sorghum, an official at Brazil's Agriculture Ministry told Reuters, adding that the first cargos could be shipped this year, providing an...

Trump administration appeals ruling blocking removal of Fed Governor Cook

President Donald Trump's administration on Wednesday moved quickly to appeal a federal judge's ruling temporarily blocking Trump from taking the unprecedented step of firing Federal Reserve Governor...

Russia revises up September oil exports from western ports by 11%, sources say

MOSCOW -Russia has revised up its September crude export plan from western ports to 2.1 million barrels per day , an 11% increase from the initial schedule, as drone attacks on domestic refineries...

South African rand gains after US producer price data

The South African rand firmed on Wednesday after softer-than-expected U.S. producer prices data cemented expectations that the Federal Reserve will resume cutting interest rates soon. ...

Chinese mission to visit Brazil state hit by bird flu outbreak, JBS CEO says

SAO PAULO -A Chinese delegation is expected to visit the southern Brazilian state of Rio Grande do Sul which was hit by a bird flu outbreak in May, raising hopes Brazil may resume selling poultry...

Investors wary of Treasury's 30-year bond auction after recent disappointments

Investors are cautiously approaching the U.S. Treasury's sale of $22 billion in 30-year bonds on Thursday after an underwhelming auction last month that had some of the weakest demand metrics of 2025,...

Trump says Fed chair Powell should make big rate cut now

WASHINGTON -U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates. Just out: No Inflation!!! Too Late...

Russia considers moratorium on bankruptcies of indebted metals giants

MOSCOW -Russia is considering a moratorium on bankruptcies in the metals industry, a government document showed on Wednesday, in a sign of growing concern about a sector struggling with falling...

China's retaliatory tariffs to squeeze EU pork producers

PARIS -European pork producers face a squeeze on profit margins after China, their largest market, imposed anti-dumping duties of up to 62.4% on imports of EU pork products. The...

US 30-year mortgage rate slides to 11-month low, MBA data shows

The interest rate on the most popular U.S. home loan dropped by the most in six months last week after a weak employment report drove benchmark Treasury bond yields down in anticipation of a Federal...