Analysis: Currencies

Sterling rises against shutdown-focussed dollar; set for fourth monthly loss on euro

LONDON -The pound edged up on Tuesday, but still headed for its fourth monthly loss against the euro and its first loss since July against the dollar, where short-term action has been dominated by...

Rise in key German states' inflation points to national uptick

BERLIN -Inflation rose in four key German states in September, preliminary data showed on Tuesday, pointing to an increase in national inflation and in line with analysts' forecasts. ...

Italy and Bahrain sign memorandum worth over 1 billion euros

ROME -Italy and Bahrain said on Monday they had signed a memorandum of understanding aimed at enhancing investments and trade worth over one billion euros , according to a joint statement between the...

Currencies: Low point confirmed

The announcement of the likely end of the downward trend for the dollar has prompted numerous reactions from our readers. We would like to take this opportunity to address most of the questions...

Dollar falls ahead of data releases, risk of US government shutdown looms

SINGAPORE -The dollar eased on Monday ahead of a slew of U.S. economic releases that could provide further clarity on the Federal Reserve's rate path, while the growing risk of a U.S. government...

Russian fuel crisis causes long queues and headaches for motorists

SEVASTOPOL, Crimea -A long queue of cars outside a petrol station in Sevastopol, a port city in Russian-controlled Crimea, laid bare the challenges drivers across Russia are facing in a widening...

Russia's state debt-servicing costs will rise by 23% in 2026

MOSCOW -Russia's debt-servicing costs will rise by 22.5% in 2026 from this year, reaching 8.8% of the total budget expenses, due to an increase in borrowing and high interest rates, Finance Ministry...

Russia expects vehicle scrappage fee revenues to rise despite drop in sales

MOSCOW -The Russian government expects budget revenues from car scrappage fees to rise sharply this year and next, even though vehicle sales are in steep decline, a document reviewed by Reuters...

Sterling holds steady as investors weigh UK fiscal risk

LONDON -The pound held steady against the dollar on Thursday, as investors weighed up concerns about Britian's finances, in light of weaker demand at a UK government bond auction. ...

Refinery shutdowns hurt fuel supply in several Russian regions, Russian Crimea head says

MOSCOW -Sergei Aksyonov, the head of Russia-controlled Crimea, said on Thursday that disruptions in fuel supplies were related to the closure of some oil refineries as a gasoline crisis widened...

Russia's Nabiullina says the central bank will cut rates with caution

SOCHI, Russia -The Russian central bank will proceed very cautiously with lowering its key rate, Governor Elvira Nabiullina said on Thursday, speaking after the government announced plans to raise...

Stocks fall, dollar rises as data dampens policy easing hopes

By Sinéad Carew and Marc Jones NEW YORK/ LONDON -MSCI's global equities gauge was falling while bond yields rose as investors worried that Thursday's stronger than expected economic...

Berlin open to EU plan on freeing up Russian cash for Ukraine

BERLIN -The German government is open to a European Union plan to free up frozen Russian assets for Ukraine, a government source told Reuters on Thursday. The EU plan is to send up to...

Chinese drone experts worked with sanctioned Russian arms maker, sources say

Chinese drone experts have flown to Russia to conduct technical development work on military drones at a state-owned weapons manufacturer that is under Western sanctions, according to two European...

Stocks fall as dollar rises, gold falls with Fed rate path in question

By Sinéad Carew and Amanda Cooper NEW YORK/LONDON -MSCI's global equities gauge fell on Wednesday while the dollar rose and gold prices dipped, as investors digested cautious comments...

Sterling falls as Powell takes cautious tone on rate cuts

LONDON -The pound fell against the dollar on Wednesday, after Federal Reserve Chair Jerome Powell offered a cautious view on the need for more rate cuts, which gave the U.S. currency a modest lift. ...

Russian finance ministry proposes raising VAT to help fund Ukraine war

MOSCOW -Russia's finance ministry proposed raising the rate of value-added tax on Wednesday to 22% from 20% in 2026 to fund military spending and help curb a swelling budget deficit, in what would be...

Asian stocks slip as growth concerns cloud outlook

SINGAPORE -Stocks in Asia fell on Wednesday, following declines on Wall Street as remarks by Federal Reserve Chair Jerome Powell gave little indication about the future path of interest rates and...

Dollar rises after Powell reiterates caution over further easing

TOKYO/LONDON -The U.S. dollar rose on Wednesday, rebounding from its lowest level in nearly a week, after Federal Reserve Chair Jerome Powell struck a cautious tone on further easing overnight,...