Reuters

The Japanese yen rallied to near two-week highs against the euro on Monday following reports the central bank was debating moves to scale back its massive monetary stimulus.

Canada’s annual inflation rate rose to 2.5 percent in June from 2.2 percent in May, the highest mark in more than six years, thanks in part to rising prices for gasoline.

Canadian retail trade in May jumped by 2.0 percent, its biggest increase in seven months, pushed up by sales at auto dealers and gasoline stations.

U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China in an interview with CNBC.

Euro zone shares tumbled on Friday as autos and banks stocks gave up their gains amid rising trade tensions which caused a selloff in the Chinese yuan and U.S. stock markets overnight.

The yuan’s decline stoked concerns Beijing’s currency management could become the next flash point in the trade dispute with the US.

U.S. President Donald Trump on Thursday criticized Federal Reserve policy even though most economists believe strong data justify recent interest rate rises and a strong U.S. dollar.

Activity picked up in June amid strong growth in new orders, but trade tariffs & a shortage of workers were starting to strain the supply chain

Sterling was sent lower by weak economic data, a resurgent dollar and uncertainty about how Britain’s approaching exit from the European Union will play out.

Commerce Secretary Wilbur Ross said Thursday it was “too early” to say if the U.S. would impose tariffs of up to 25 percent on imported cars and parts.