Analysis: Currencies

ECB President Lagarde plans to quit before Macron's term ends, FT reports

European Central Bank President Christine Lagarde plans to leave her job early, ahead of next year's French presidential election, to give outgoing French leader Emmanuel Macron a say in picking her...

US dollar may be due for a reprieve after a four-month decline

The U.S. dollar is due for a bit of reprieve after its four-month decline as the political and economic backdrop turns in its favor and some market analysts turn bullish on the currency. ...

Sterling struggles for direction before key British data

The British pound was struggling for direction against the dollar and the euro on Monday before key economic data due later this week that could make or break the case for more rate cuts from the Bank...

Currencies: a fragile calm

The macroeconomic releases of recent days have not upended the central scenario, but they have clarified the regime in which markets are now operating. We are neither in a euphoric acceleration nor...

ECB opens up euro lifeline in bid to boost global role

The European Central Bank is opening its euro lifeline to nearly all foreign countries to boost the single currency's global role amid geopolitical turmoil and fraying alliances. The ECB...

How to boost the international role of the euro

Euro zone finance ministers will discuss on Monday how to boost the international role of their euro currency to make Europe more competitive and resilient against economic pressure from the United...

US tariffs, Chinese competition weigh on EU trade, data show

The EU's trade surplus kept shrinking, data showed on Friday, as tariffs weighed on exports to the U.S. and rising Chinese imports crowded out domestic production, highlighting existential threats to...

Russia's economy minister delays recovery outlook, Interfax reports 

Russia's economy will continue to slow in the first half of the year, with a recovery possible only by late 2026 and more likely in 2027, Economy Minister Maxim Reshetnikov was quoted as saying on...

Lagarde lays out key reforms needed to boost EU resilience, source says

European Central Bank President Christine Lagarde called on EU leaders on Wednesday to take urgent action in critical areas, including potentially divisive joint debt issuance, to make the bloc more...

UK's Reeves says deeper ties with EU is the 'biggest prize'

British finance minister Rachel Reeves said on Wednesday that she would push for closer integration with the EU to reduce the trade barriers put up by Brexit, adding that European countries should...

Yen perky as Japan fiscal fears dissipate, dollar shaky ahead of payrolls

The yen held on to solid gains on Wednesday, bolstered by a rally in Japan's stock market and bets that Prime Minister Sanae Takaichi's landslide election victory puts her in a strong position to...

EU Parliament backs digital euro, aligns with Council on online- and offline-ready currency

The European Parliament gave its first major backing to the digital euro on Tuesday, endorsing the European Council's negotiating stance for a central bank digital currency with both online and...

Telegram app faces further restrictions, possible fines as Russian authorities clamp down

Telegram, an important platform for public and private communications in Russia, will face further restrictions from authorities because it has failed to correct previous violations, the state...

Stock indexes gain with US technology shares; yen strengthens

Stock indexes rose on Monday, with U.S. technology shares leading Wall Street higher, as investors sought bargains in markets beaten down last week, while the yen strengthened following the resounding...

French central bank governor's departure unlikely to shift ECB policy course

The surprise resignation of Francois Villeroy de Galhau as French central bank governor is unlikely to change the European Central Bank's steady policy course at a time of rare unity among the euro...

Currencies: A sigh of relief

After the sharp swings seen over the past two weeks across several asset classes, investors appear to have regained their composure. As a result, the dollar is once again seeing some profit-taking and...

ECB's Simkus sees equal chance of rate hike or cut

The European Central Bank is equally likely to raise or cut interest rates but it is hard to know when any such move will take place given the prevailing uncertainty about trade and geopolitics, ECB...

ECB's safety net is part of EU plan to court new allies

The ECB's plan to make it easier for foreign central banks to secure funding in euros is the latest part of Europe's emerging strategy to win trade and political friends and hold its own against the...

ECB's Makhlouf flags persistent inflation undershoot, slowing growth as risks to outlook

European Central Bank policymaker Gabriel Makhlouf identified a loss of momentum in euro zone economic growth or the possibility that inflation continues to undershoot the ECB's 2% target in a more...