Analysis: Currencies

Dollar drops against euro after ECB indicates possible end to rate easing cycle

NEW YORK -The dollar dropped against the euro on Thursday after the European Central Bank indicated a possible end to its year-long policy easing cycle and U.S. data pointed to softening labor market...

Criteria to adopt the euro currency

BRUSSELS -The European Commission said on Wednesday Bulgaria can enter the euro zone and become the bloc's 21st member from 2026. European Union countries aspiring to adopt the single...

Sterling edges up, UK avoids higher US metals tariffs

Sterling firmed against the dollar on Wednesday, as investors were relieved the United Kingdom was not in the crosshairs of U.S. President Donald Trump's latest tariff escalation, while upbeat...

EU gives Bulgaria green light to adopt euro from start of 2026

BRUSSELS -The European Commission and the European Central Bank gave Bulgaria the go-ahead on Wednesday to adopt the euro currency from the start of 2026, making Bulgaria the 21st country to join the...

Russian services sector sees fastest growth since January in May, PMI shows

Russia's services sector expanded in May at the quickest pace since January, driven by stronger demand and new orders, even as firms reduced their workforce numbers, a business survey showed on...

FX options market positioned for further dollar weakness

NEW YORK -The U.S. dollar has steadied after a sharp tumble this year but traders in the foreign exchange options market are positioned for the U.S. currency to weaken further amid growing concern...

Currencies: New bout of weakness

The greenback's performance continues to suffer from the twists and turns surrounding tariffs. After being ruled illegal by the US International Trade Court, a federal appeals court blocked this...

US skips hike in UK steel and aluminum tariffs as both countries eye quick trade deal

LONDON/WASHINGTON -The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain, hours after the UK government said the two countries agreed on the need to...

Sterling firms with focus on defence plan, weaker dollar

Sterling had a firm start to the week on Monday, as investors assessed a domestic defence plan and a batch of better-than-expected British economic data, while simmering trade tensions between the...

Russian manufacturing sector returns to growth in May, PMI shows

Russia's manufacturing sector returned to growth in May, supported by a fresh upturn in new orders, even as output contracted for the third month running amid reports of supply shortages, a business...

Russian airlines' passenger traffic up 2.7% year on year in April, Rosaviatsia says

Russian airlines carried 8.4 million passengers in April 2025, up 2.7% year-on-year, national aviation watchdog Rosaviatsia said on Friday on its Telegram channel. ...

Russia's Gazprom says Q1 net profit edges up to $8.4 billion

MOSCOW -Russian energy giant Gazprom's first-quarter net income edged up around 1% compared with the same period last year to 660.4 billion roubles , with sales and the rouble exchange rate also up,...

Sterling set for fourth monthly rise against a weakened dollar

Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable economic data support Britain's currency just as worries over U.S. tariffs and high...

German inflation nears ECB target in May but challenges remain

BERLIN -German inflation eased further in May, bringing it closer to the European Central Bank's 2% target and bolstering the case for an interest rate cut next week, but economic turmoil and...

Slovakia's Fico excoriates judge over central banker bribery conviction

Slovak Prime Minister Robert Fico lambasted a judge who fined central bank Governor Petr Kazimir for corruption on Thursday, saying the judge might be politically motivated and should be probed for...

Trump spurs questions about safety of Germany's gold in New York

FRANKFURT/BERLIN -The safety of Germany's gold reserves held overseas and in New York in particular, until recently mainly a talking point for the country's far-right party and gold bugs, is becoming...

Dollar mixed on tariff uncertainty, headed for monthly gain against yen

NEW YORK -The dollar was mixed on Friday but on track for the first monthly gain against the Japanese yen this year as investors factored in the likelihood of trade tariffs remaining in some form,...

Markets hope Trump tariffs stay 'unlawful'

A look at the day ahead in European and global markets from Wayne Cole Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a...

Markets shrug off US appeals court's decision to reinstate Trump tariffs

NEW YORK -Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump's tariffs. This came a day after a trade...