Analysis: Currencies

Global trade war hits UK business sentiment, growth outlook

Global trade tensions sparked by U.S. President Donald Trump's tariffs have hurt UK business sentiment and will slow economic growth, according to a Reuters poll of economists who stuck to...

Currencies: Major maneuvers

The sometimes contradictory statements coming from the Trump administration are fueling the current uncertainty and continuing to weigh on the dollar while keeping rates high.

UK company activity weakens by most in more than 2 years as US trade war rages, PMI shows

British companies buckled in April under the strain of an escalating global trade war that threatens to tip the economy into a new downturn, a survey showed on Wednesday. The S&P Global...

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising...

German army approaches big firms for NATO logistics aid, Handelsblatt daily says

The German army has asked several large firms about whether they could provide logistics support if the country needs to deploy soldiers and equipment to NATO's eastern border during a crisis, the...

Russia's slowing economic growth cuts demand for Chinese imports

Slowing economic growth and reduced demand for large purchases like cars, electronics and household appliances have curtailed the volume of Russia's imports from China, first-quarter customs data...

Austria's Raiffeisen Bank denies report it has halted Russia unit sale

Raiffeisen Bank International, the largest Western bank still operating in Russia, is proceeding with the sale of its Russian unit, the bank said on Friday, rejecting a media report that the process...

Denmark's central bank cuts key interest rate by 25 basis points

Denmark's central bank cut its key interest rate by 25 basis points to 1.85% on Thursday, following the European Central Bank's decision earlier in the day to cut euro zone rates. The...

Russian Arctic oil exports to China jump helped by STS transfers, sources say

Russia's Arctic oil exports to China are set to rise sharply this month buoyed by a jump in ship-to-ship transfers at sea to ensure tankers pulling into port are not on U.S. sanctions lists, according...

German producer prices fall 0.2% y/y in March

German producer prices fell in March, decreasing by 0.2% on the year, the federal statistics office reported on Thursday. Analysts polled by Reuters had expected a 0.4% increase. ...

BlueBay sells US dollars short, citing low investor confidence

RBC BlueBay Asset Management has opened short positions on the U.S. dollar, betting on the end of U.S. exceptionalism as President Donald Trump's trade war threatens to destroy decades of trust and...

BOJ to cut growth forecast as US tariffs hit, sources say

TOKYO -The Bank of Japan is set to cut its economic growth forecasts at its April 30-May 1 policy meeting as U.S. President Donald Trump's tariffs heighten risks to a fragile, export-reliant...

Japan manufacturers turn cautious about business outlook due to Trump tariffs

Japanese manufacturers expressed improved business sentiment in April versus March though are bearish about their outlook over the next three months as they brace for the impact of sweeping U.S....

Trading Day: Another lull, but fireworks are coming

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  ECB, China GDP, Powell up next Investors...

Sterling edges up; UK data shows softer jobs market

The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that has dominated markets for the past couple of weeks appeared to ebb. On the...

Currencies: A turnaround

A few weeks ago, we invited you to take a look at the US 10-year curve to anticipate changes in the dollar. But there you have it! That was before Liberation Day and the subsequent reversals that...

Argentina seals $20 billion IMF deal, tears down currency controls

BUENOS AIRES -Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts...

From near $1 to tariff war winner, euro confounds its naysayers

The euro has emerged as a surprise winner of the recent tariff-induced market turmoil, confounding the earlier consensus by surging to a three-year high against the dollar as Europe proves a...

BP warns of weak gas trading and climbing debt

Energy group BP expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said on Thursday, sending its shares lower. The update offers...