The dollar was headed for its seventh consecutive weekly gain on the yen on Friday and its best one-week rise on China's yuan in more than two years as higher U.S.
The dollar rose broadly on Friday as higher U.S. yields hoisted it towards a seventh consecutive weekly gain on the yen and to multi-week highs against the Australian and New Zealand dollars.
The euro edged lower on Friday after European Central Bank officials made mixed comments, while expectations of a 50 basis points (bps) rate hike from the Federal Reserve supported the U.S.
The euro edged lower on Friday after European Central Bank officials sent mixed policy signals, while expectations of a 50 basis point rate hike from the Federal Reserve supported the U.S.
The dollar surged to a more than two-year high on Friday, continuing to draw support from Federal Reserve Chair Jerome Powell's comments on Thursday that more or less backed a half a percentage point tightening at next month's policy meeting, including consecutive rate increases this year.
South Korea's economic growth likely slowed significantly in the first quarter as restrictions imposed to prevent the spread of COVID-19 slammed the brakes on consumer spending, a Reuters poll found.
Japan and the United States likely discussed the idea of coordinated currency intervention to stem further yen falls during a bilateral finance leaders' meeting, Japanese television broadcaster TBS reported on Friday.
Japanese Finance Minister Shunichi Suzuki said on Friday that recent drops in the yen were "sharp" and agreed with his U.S. counterpart to communicate closely on currency moves.
China appears to be significantly throttling soybean imports this year to well below recent norms following a record haul last marketing year, which had coincided with a meaningful restoration of its hog herd, the world's largest.
Bank of Canada Governor Tiff Macklem said on Thursday supply pressures are showing no signs of easing and the central bank will be watching the impact of higher interest rates on inflation to gauge how much it needs to tighten policy.
The Bank of Canada could consider a larger rate increase than the half-point move it made last week, as the central bank grapples with reining in inflation which is at a 31-year high, Governor Tiff Macklem said on Thursday.
Japan's core consumer prices rose at the fastest pace in more than two years in March, raising worries higher energy and food costs could increasingly take a toll on households' purchasing power.
The global development finance system needs urgent reforms and far more private capital to address the multiple, overlapping crises that are pushing 250 million people back into extreme poverty, major public and private groups said in a statement.
Canada's ruling Liberals are eyeing more measures to curb housing speculation after introducing a foreign buyer ban and heftier taxes on property flippers in their budget earlier this month, the housing minister said on Thursday.
A half-point interest rate increase "will be on the table" when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed Chair Jerome Powell said Thursday in comments that pointed to an aggressive set of Fed actions ahead.
A half-point interest rate increase will be "on the table" when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed Chair Jerome Powell said Thursday in comments that pointed to an aggressive set of Fed actions.
U.S. companies can help rebuild Ukraine with digital infrastructure, clean energy and more in the aftermath of Russia's invasion, U.S.
After huge rallies fed by blockbuster commodity price surges, the tide may be turning for currencies such as the Aussie dollar and Colombian peso as fears of a global growth slowdown take hold in markets.
After huge rallies fed by blockbuster commodity price surges, the tide may be turning for currencies such as the Aussie dollar and Colombian peso as fears of a global growth slowdown take hold in markets.
OPEC told the International Monetary Fund's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group would not take further action to add supply.
Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks.
As Russia teeters on the brink of a historic default, foreign investors in the country's debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on their hands.
China's securities watchdog is holding regular talks with U.S.
Wall Street's ended lower on Thursday, with the Nasdaq dropping more than 2%, as investors reacted to Federal Reserve officials including Chair Jerome Powell offering further signposting of aggressive interest rate hikes this year.
Wall Street's three main indexes closed lower on Thursday, giving up earlier gains as Federal Reserve officials including Chair Jerome Powell offered further signposting of aggressive interest rate hikes this year.
Wall Street's three main indexes fell on Thursday after Federal Reserve Chair Jerome Powell said a 50-basis point interest rate hike was "on the table", cementing expectations of aggressive policy tightening by the U.S.
The S&P 500 and the Nasdaq reversed early gains on Thursday as bond yields hit fresh multi-year highs ahead of a speech by Federal Reserve Chair Jerome Powell, with investors worried about aggressive interest rate hikes this year.
Canada's headline inflation may have peaked after hitting a 31-year high in March, economists said, though the central bank still faces an uphill battle to bring rocketing prices back to earth.
Japan's ruling coalition on Thursday agreed a supplementary budget to support lower-income households and small firms, signalling more spending for the heavily indebted nation as it battles inflationary pressures for the first time in decades.
Oil prices rose on Thursday, buffeted by concerns about tightened supply as the European Union (EU) mulls a potential ban on Russian oil imports that would further restrict worldwide oil trade.
