Analysis: Currencies

Foreigners turn net sellers of Japan stocks for first week in 12

Foreigners divested Japanese stock for the first time in 12 weeks in the week through June 21 on caution over the Israel-Iran conflict and its impact on Japanese oil imports and inflation. ...

Rupee hits two-week high as Fed credibility worries compound dollar's troubles

The Indian rupee strengthened to a fortnightly peak on Thursday, bolstered by broad weakness in the dollar on the back of concerns over the future independence of the U.S. Federal Reserve. ...

Britain vows to toughen its trade defences under new strategy

LONDON -Britain said it would toughen up its trade defences to better protect industries amid a turbulent global outlook of trade wars and U.S. tariffs that has shaped its new trade strategy...

New home sales fall to seven-month low in May; supply increases

WASHINGTON -Sales of new U.S. single-family homes fell by the most in nearly three years in May as high mortgage rates and rising economic uncertainty sapped demand, lifting the supply of unsold...

Fed's Powell cautions against ending Fed power to pay interest on reserves

NEW YORK -Federal Reserve Chairman Jerome Powell said Wednesday any move to strip the central bank of its power to pay interest on reserves would be difficult and take a long time to implement.  ...

JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025

NEW YORK -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this...

Powell says Fed needs to manage against risk that tariff inflation proves persistent

WASHINGTON -The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more persistent inflation is large enough for the central bank to be...

India cenbank sold net $1.66 billion in spot forex market in April, bulletin shows

MUMBAI -The Reserve Bank of India sold a net of $1.66 billion in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.   ...

Sterling holds firm near January 2022 highs

LONDON -The pound held steady against the dollar on Wednesday, consolidating gains from the past two days, as investors felt confident enough in the fragile ceasefire between Israel and Iran to dip...

Gold holds steady as investors await US economic data

Gold prices were steady on Wednesday as market participants remained cautious ahead of key U.S. economic data, while the ceasefire between Iran and Israel weighed on safe-haven demand. ...

S African rand stable as Israel-Iran ceasefire holds, focus on key data

JOHANNESBURG -The South African rand was steady on Wednesday as investors digested the fragile Israel-Iran ceasefire that brought relief to rattled markets, and braced for key economic data from the...

Fed's Williams sees slower growth, higher inflation this year on tariffs, uncertainty

ALBANY -Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush...

Fed's Hammack sees no imminent need to cut interest rates

Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday she sees no pressing need to cut interest rates when there’s still a lot of uncertainty what trade tariffs will do to inflation,...

Instant View: Canada's annual inflation rate at 1.7% in May, unchanged from April

TORONTO -Canada's annual inflation rate in May was unchanged from the previous month at 1.7% as a drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and...

Powell repeats rate cuts can wait as Fed studies tariff impacts

WASHINGTON -Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of...

Oil, rates and the dollar tumble

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets After a tentative ceasefire was announced in the...

Russia says NATO needs to demonise it to justify 5% defence spending target

MOSCOW -The Kremlin said on Tuesday that NATO was on a path of rampant militarisation and bent on portraying Russia as a fiend of hell in order to justify committing to a big increase in member...

Exclusive-Fed should wait on rate cuts with price hikes expected, Bostic says

ATLANTA -The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher import taxes and with the job market still stable, Atlanta Fed...

Currencies: Renewed interest

The US military attack on Iranian nuclear facilities has allowed the dollar to regain some ground against several G10 currencies. However, it is still struggling against the euro; however, there are...