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Canadian dollar holds on to weekly gain as U.S. inflation cools

TORONTO, Feb 13 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Friday in choppy trading, but the currency held on to much of its weekly gain as signs of slowing U.S. inflation helped calm investor nerves.The loonie was trading 0.1% lower at 1.3620 per U.S. dollar, or 73.42 U.S. cents, after moving in a range of 1.3594 to 1.3637. For the week, the currency was up 0.4% as the greenback posted broad-based declines.

Feb 13, 2026 - 4:46 PM

Trump EPA ends emissions limits for US automakers; state rules, lawsuits could follow

WASHINGTON, Feb 13 (Reuters) - President Donald Trump's repeal of the foundation for federal climate regulation will immediately free automakers from costly tailpipe emissions standards, but the move could spark lawsuits and force businesses to navigate an uncertain future of multiple state and regional rules.

Feb 13, 2026 - 4:09 PM

Bessent says Senate Banking Committee agreed to proceed with hearings for Fed nominee Warsh

WASHINGTON, Feb 13 (Reuters) - The Senate Banking Committee will proceed with confirmation hearings for Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, despite a key senator's hold on the nomination, Treasury Secretary Scott Bessent said on Friday."I think it is important that we get to the hearings. Chair (Jerome) Powell's term ends mid May, and anyone who cares about the integrity, the independence of the Fed is going to want to see continuity with Kevin Warsh," Bessent told CNBC's "Squawk Box" program.

Feb 13, 2026 - 9:48 AM

US rate futures raise odds of Fed easing in June after inflation data

NEW YORK, Feb 13 (Reuters) - U.S. interest rate futures slightly raised odds of rate cuts by the Federal Reserve in June after a report that showed inflation rose less than expected in January.Futures also implied 61 basis points of easing by the central bank after the data, compared with 58 bps just before.Data showed the Consumer Price Index rose 0.2% last month after an unrevised 0.3% gain in December. Economists polled by Reuters had forecast the CPI increasing 0.3%.Reporting by Gertrude Chavez-Dreyfuss

Feb 13, 2026 - 9:04 AM

Asia Gold: Gold trades at discounts in India for first time in nearly a month

Feb 13 (Reuters) - Gold started trading at discounts in India this week for the first time in nearly a month as volatile prices deterred buying, while demand was robust in China ahead of the Lunar New Year holiday.

Feb 13, 2026 - 8:56 AM

Bessent says Congress should pass crypto regulation bill this spring

WASHINGTON, Feb 13 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Friday that it was important for Congress to pass a bill to create federal rules for digital assets and get it onto President Donald Trump's desk to sign into law this spring.Bessent, asked on CNBC about the crypto bill's status amid a recent sell-off in the sector, said the bill, known as the Clarity Act, would give "great comfort to the market" at a time of great volatility.

Feb 13, 2026 - 8:31 AM

US stock index futures slip ahead of key inflation data

Feb 13 (Reuters) - U.S. stock futures edged lower on Friday, with the three main indexes on track for their worst week since November, while investors awaited key inflation data for greater clarity on the Federal Reserve's rate-cut outlook.The Consumer Price Index report for January is due at 8:30 a.m. ET and is likely to show prices rising at a steady pace. The data lands two days after a stronger-than-expected jobs report heightened concerns that the Fed could keep interest rates on hold longer.

Feb 13, 2026 - 8:24 AM

London's FTSE indexes subdued as investors assess AI concerns; defence stocks gain

Feb 13 (Reuters) - Britain's FTSE indexes were subdued on Friday, tracking a sombre mood globally in a week that was marked by AI-disruption worries, while defence stocks got a lift as investors priced in greater European cooperation that could boost the sector.The blue-chip FTSE 100 (.FTSE), and the mid-cap FTSE 250 (.FTMC), slipped 0.1% each at 1140 GMT. Still, the indexes were on track for small weekly gains.

Feb 13, 2026 - 8:20 AM

Fed policy is tighter than thought, inflation not a problem, Miran says

Feb 12 (Reuters) - The Federal Reserve's current monetary-policy setting threatens U.S. economic growth that otherwise is being "underwritten" by a range of Trump administration policies including tax cuts, Fed Governor Stephen Miran said on Thursday as he again laid out the case for more interest-rate cuts."The biggest risk I think to the economy is that we're misconstruing just how tight monetary policy is," Miran said at an event at the Dallas Fed, adding that he does not think there is an inflation problem.

Feb 12, 2026 - 8:26 PM

New York Fed's Remache says elevated Fed bond buying to continue until mid-April

Feb 12 (Reuters) - The Federal Reserve is on track to continue forward with sizable Treasury bill buying into the spring but it is unclear what happens after the annual tax filing date has passed, an official who helps manage the implementation of monetary policy at the New York Fed said on Thursday.The official, Julie Remache, who is deputy system open market account manager and head of market and portfolio analysis at the regional Fed bank, was addressing the outlook for so-called reserve management purchases the central bank launched in December.

Feb 12, 2026 - 5:07 PM

Reuters

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US stock index futures slip ahead of key inflation data

London's FTSE indexes subdued as investors assess AI concerns; defence stocks gain

Fed policy is tighter than thought, inflation not a problem, Miran says

New York Fed's Remache says elevated Fed bond buying to continue until mid-April

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