Analysis: Currencies

US dollar set for modest weekly gain after soft inflation data

NEW YORK -The U.S. dollar was almost flat on Friday after dipping following fresh inflation data that showed U.S. consumer prices increased less than expected in September, keeping the Federal...

US dollar lower after consumer prices increase less than expected

NEW YORK/LONDON -The U.S. dollar was lower on Friday after fresh U.S. inflation data showed that U.S. consumer prices increased slightly less than expected in September, keeping the Federal Reserve...

German foreign minister to press China on semiconductors on Beijing trip

BERLIN -German Foreign Minister Johann Wadephul will urge China to relax export restrictions on rare earths and semiconductors, emphasizing fair trade as a cornerstone of successful relations during...

Russia says no EU asset seizure if Russian assets are spared confiscation

MOSCOW -Russia has no plans to seize any European assets, including companies and banks, but will consider its position if the European Union confiscates frozen Russian sovereign assets, a senior...

Russia's small businesses cry foul over war economy tax hikes

MOSCOW -Russia's new wave of tax hikes, designed to mobilise state finances as the war in Ukraine grinds on, is set to hit one in 10 small business owners, many of whom say they will have no choice...

China overtakes US as Germany's top trading partner

BERLIN -China overtook the U.S. as Germany's largest trading partner in the first eight months of 2025, regaining the top spot as higher tariffs weighed on German exports to the United States,...

Sterling falls after UK inflation unexpectedly holds steady

LONDON -The British pound dipped against the dollar and the euro on Wednesday, after the annual rate of Britain's consumer price inflation unexpectedly held steady in September, undershooting...

Russian carmaker Avtovaz to keep four-day work week through 2025 to clear inventory

MOSCOW -Russia's top carmaker Avtovaz will stick to a four-day work week until the end of 2025 to clear excess inventory, Russian news agencies reported on Tuesday, citing CEO Maxim Sokolov. ...

UK's Reeves says Brexit and austerity hit harder than thought

LONDON -British finance minister Rachel Reeves said Brexit along with spending cuts by previous governments had weighed more heavily on the economy than originally thought as she readies a budget...

EBRD seeks to boost support for Ukraine's Naftogaz

LONDON -The European Bank for Reconstruction and Development is looking to step up its support for Ukraine's state oil and gas company Naftogaz following Russian attacks on the country's energy...

Currencies: Blackout

It's difficult to see clearly due to the US government shutdown. Many agencies are still closed, with the notable exception of the Federal Reserve, which continues to produce some macroeconomic data....

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease

ABOARD AIR FORCE ONE -U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would...

EU seeks maritime declaration to inspect Russia's 'shadow fleet'

BRUSSELS -The European Union's diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia's...

Pound struggles as investors flock to safe havens

LONDON -Sterling fell on Friday, as investors rushed to safe-haven currencies like the Swiss franc and Japanese yen in light of growing anxiety over the outlook for the U.S. economy, regional banks...

UK's bid to woo China faces backlash over spying claims and slim economic gains

LONDON -British Prime Minister Keir Starmer's attempts to improve ties with China leave him open to criticism at home that he is overlooking the threat to national security, while securing few of the...

Data darkness in US spreads a global shadow

TOKYO/WASHINGTON -The U.S. government shutdown that has turned off the official flow of data could begin clouding the view for policymakers in Japan and other countries where insight into the...

Sterling drops after UK data shows softer wage growth

LONDON -Sterling fell on Tuesday after data showed growth in average British earnings slowed slightly in the three months to August, suggesting the Bank of England may be able to continue cutting...

Currencies: Patience is a virtue

In the absence of macroeconomic statistics from the United States, due to the shutdown, investors seem to be taking their lumps, even if Donald Trump's outburst with China caused some turbulence at...

Russia suspends reduction to damper payment subsidy

MOSCOW -Russia on Sunday suspended until May a reduction in the fuel damper payment subsidy to oil refineries, Russian news agencies reported. The damper is a payment to refineries to...