Analysis: Currencies

BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official

RIO DE JANEIRO -Chinese electric car maker BYD's new factory in Brazil will be fully functional by December 2026, after its operations were delayed because of an investigation into labor abuses,...

Fed officials say China-US tariff reprieve lowers risks

DUBLIN -The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still...

Investors cheer US-China tariff truce, but cautious over a final deal

LONDON/SHANGHAI/NEW YORK -A truce in the U.S.-China trade war set off a relief rally in stocks on Monday and propelled the dollar higher, but investors fear further negotiations could prove a long...

Trade peace in our time?

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets      A confusing mix of trade policy shifts and...

Brazil's Lula courts trade ties in Beijing as China spars with Trump

BRASILIA -Brazilian officials on Monday touted President Luiz Inacio Lula da Silva's meeting with China's President Xi Jinping in Beijing as a chance to lure investment and boost Brazilian exports to...

South African rand slips as US-China trade deal boosts dollar

JOHANNESBURG -The South African rand weakened on Monday, weighed down by a much stronger dollar and lower gold prices after the United States and China announced a deal to cut reciprocal tariffs. ...

Instant View: US-China agree to cut tariffs, 90-day pause

Stocks and the dollar surged on Monday after the United States and China said they had agreed on a 90-day pause on tariffs and reciprocal duties would drop sharply, giving investors some confidence...

Fed's Cook warns tariffs could lower productivity, feed inflation

PALO ALTO -President Donald Trump's unfolding trade policy may curb U.S. productivity and possibly require higher interest rates to contain inflation in a less efficient economy, Federal Reserve...

Fed's Bowman picks staff from Goldman, Davis Polk and BPI, Bloomberg News reports

U.S. Federal Reserve Governor Michelle Bowman has picked three staffers from the banking world, Bloomberg News reported on Friday, citing people familiar with the matter. The three were...

Ex Fed's Warsh highlights a path to lower rates, takes a fresh dig at the Fed

Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump's pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump...

Exclusive-Fed's Hammack wants clear data before moving on rates, not much data by June

PALO ALTO, California -The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland...

Trading Day: All eyes on 'Geneva Convention'

TRADING DAY Cautious stability World markets traded on a solid footing this week as the Trump administration struck what could be the first of dozens of trade deals in the...

Fed officials, citing uncertainty, reiterate patient policy stance

The first wave of Federal Reserve officials to weigh in after this week's policy meeting reiterated on Friday that the current economic uncertainty calls for monetary policy patience as Trump...

Fed's independent structure has proved its worth, Waller says

PALO ALTO, California -The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has...

China's commerce minister meets with head of Russia's economic development ministry

China's commerce minister met with the head of Russia's ministry of economic development in Moscow on Thursday, according to a Chinese ministry statement on Friday. The two officials had...

Canada's unemployment rate jumps to 6.9% in April as Trump tariffs bite

OTTAWA -Canada's unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada's export-dependent economy in earnest, data showed on Friday. ...

India's forex reserves drop $2 billion, snap 8-week streak of gains

MUMBAI -India's foreign exchange reserves declined by $2.07 billion, to $686.06 billion as of May 2, snapping an eight-week gaining streak that had lifted reserves to a near six-month high, data...

Sterling claws higher after US/UK trade deal

LONDON -The pound rose on Friday, following the announcement of a breakthrough trade deal between Britain and the United States the previous day. U.S. President Donald Trump and...

South African rand little changed before US-China trade talks

JOHANNESBURG -The South African rand was little changed on Friday, as financial markets were firmly focused on U.S.-China trade talks this weekend after a U.S. deal with Britain raised hopes for...