Analysis: Currencies

Russia plans to divert more oil revenues to budget reserve fund and cut spending

Russia plans to divert more oil revenues into the budget reserve fund, Finance Minister Anton Siluanov said on Wednesday, following President Vladimir Putin's overnight meeting with officials on how...

ECB's Lagarde sticks with 'good place' mantra

Euro zone inflation and the European Central Bank's interest rate policy remain in a good place, ECB President Christine Lagarde said on Monday, repeating her long standing guidance, which signals...

Tariffs: how the White House tripped over its own feet

The White House loves to dramatise the stakes. But it is a double-edged strategy.

Global diesel flows further reshuffle on EU sanctions, discounted Russian exports, data shows 

U.S. diesel exports to Europe hit an all-time high in January after the continent strengthened its ban on imports of Russian-derived fuel, and as discounted Russian diesel displaced U.S. fuel in...

Winners and losers from Trump's new 15% global tariff

The U.S. Supreme Court annulment of President Donald Trump's reciprocal tariffs justified on national emergency grounds and Trump's subsequent move to impose a temporary 15% global tariff have thrown...

EURO / US DOLLAR (EUR/USD): Without a pivot, no salvation

For several months, the market had been operating on a simple script: solid growth, easing inflation, two rate cuts starting in June. However, the PCE has now complicated that equation. While most...

EU delays 'Made in Europe' plan after disagreements over scope

The European Commission said on Monday it had delayed the announcement of a policy to prioritise industrial parts and products made in Europe by a week after disagreements over the geographic scope of...

Currencies: Tariffs, Act 2

Equities are consolidating because leadership is changing. The dollar is resisting because the Fed is not pivoting . The yen is hesitating because global stress is not taking hold. However,...

With US tariff rates up in the air, the economic fog again thickens

U.S. and foreign officials, corporate executives, analysts and investors had begun to hope the tumultuous U.S. trade policy reversals of last year were finished. Now they face rekindled uncertainty...

ECB's Lagarde receives 140,000 euros from BIS despite payment ban for ECB staff, FT reports

European Central Bank President Christine Lagarde receives about 140,000 euros a year as a Bank for International Settlements board member despite an ECB ban on third-party payments to staff, the...

German finance minister calls talk of ECB president succession 'speculation'

German Finance Minister Lars Klingbeil said on Friday that discussion of the term length of ECB President Christine Lagarde was speculation, but that when it came time to find a successor, Germany...

Euro zone businesses perform better than expected in February as manufacturing bounces back, PMI shows

Euro zone business activity accelerated faster than forecast this month as manufacturing swung back to growth for the first time since October, though the dominant services sector marginally...

Dollar set for best week in four months on hawkish Fed, geopolitics

The dollar was poised on Friday to cap its strongest weekly performance since October, buoyed by a run of better-than-expected economic data, a more hawkish Federal Reserve outlook and as tensions...

Visa strikes deal for Prisma, Newpay to boost Argentina presence

Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal will help...

ECB's Lagarde signals no imminent exit as politics and central banks collide

European Central Bank President Christine Lagarde has told colleagues she remains focussed on her job and she would tell them first if she was about to step down, a message they took to mean she was...

ECB's Lagarde hints her exit is not imminent in message to colleagues

European Central Bank President Christine Lagarde has told colleagues she remains focussed on her job and she would tell them first if she was about to step down, a message they took to mean she was...

ECB's Schnabel sees no need to leave her board seat early, Bloomberg News reports

European Central Bank board member Isabel Schnabel said she plans to stay on for the full duration of her eight-year term, which ends in 2027, Bloomberg News reported on Wednesday. I...

ECB succession talk puts Knot and De Cos in frame for top job

The former governors of the Spanish and Dutch central banks are seen as the front-runners to replace Christine Lagarde at the helm of the European Central Bank, likely in a broader political deal that...

ECB's Cipollone has no indication President Lagarde plans early resignation

European Central Bank Executive Board Member Piero Cipollone said on Wednesday he had no news about ECB President Christine Lagarde resigning before the end of her term. On Wednesday...