Battered yen mired near multi-decade low as intervention risks loom
By Rae Wee SINGAPORE (Reuters) -The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any…
In race to regain rare earth glory, Europe falls short on mineral goals
By Eric Onstad LONDON (Reuters) – Four decades ago, a rare earth processing plant on France’s Atlantic coast was one of the largest in the world, churning out materials used…
Japan issues fresh warnings against sharp yen falls
By Kentaro Sugiyama and Leika Kihara TOKYO (Reuters) -Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signalling readiness to intervene in the exchange-rate…
Brazilian real’s volatility undermines foreign trade predictability, says official
RIO DE JANEIRO (Reuters) – Recent exchange rate fluctuation Brazil is damaging the country’s foreign trade predictability, said the foreign trade secretary Tatiana Prazeres on Wednesday. The Brazilian real closed…
Dollar stands tall as traders mull Fed outlook; focus on ECB
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on manufacturing…
Mexico peso drops nearly 3%, Sheinbaum landslide raises reform worry
By Karin Strohecker and Rodrigo Campos LONDON/NEW YORK (Reuters) -Mexican stocks fell over 6% on Monday and the peso closed at its weakest to the dollar since November after the…
OPEC+ extends deep oil production cuts into 2025
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI (Reuters) -OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group…
Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus
Investing.com — Oil prices settled sharply lower Monday, as OPEC and its allies’ decision to extend output cuts into 2025, but also phase out the cuts later beginning later this…
Russia eases forex sales requirements for contracts in roubles
MOSCOW (Reuters) – The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in…
Dollar set for first monthly drop after US inflation readout
By Hannah Lang NEW YORK (Reuters) -The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line…
