Analysis: Currencies

Deutsche recommends selling sterling on broad, trade-weighted basis

Deutsche Bank said investors should sell the pound on a broad trade-weighted basis, in a Friday note, as Britain's current account deficit is no longer improving, and the currency is vulnerable to the...

Ukraine's steel output up but fighting threatens coking coal supply

Ukraine's steel output rose by 21.6% in 2024 to 7.58 million metric tons, its producers union said late on Thursday, though fighting that is closing in on the country's only coking coal mine threatens...

Russia's new car sales up 48% in 2024, says Autostat

Sales of new passenger cars in Russia rose by 48.4% year on year in 2024 to 1.571 million vehicles, Russian analytical agency Autostat said on Friday. Russia's car market slumped in 2022...

For good reasons and bad, global bond wobble passes over euro zone

Just as Britain and the United States come under pressure from investors worried about growing debt and sticky inflation, the euro zone seems to be largely escaping the market's wrath -- even if the...

Asian FX bears firm as US rates, Trump tariff threats stay in focus

Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs...

Britain at centre of bond market storm

A look at the day ahead in European and global markets from Kevin Buckland The British bond market has become the focus of global investor attention, for some unenviable reasons. ...

Strong dollar, rising yields hog the spotlight

A look at the day ahead in European and global markets from Ankur Banerjee The dollar stood tall on Wednesday boosted by elevated Treasury yields after strong U.S. data rekindled worries...

EU financial services markets fragmentation works as tariff, Albuquerque says

European Union's financial industry faces burdens equivalent to a 110% tariff because of the fragmentation of the bloc's markets for financial services, EU Commissioner for Financial Services Maria...

Central Europe gas flows adjusted after Ukraine transit ends

Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall, data from network...

Currencies: Back to parity?

Unfortunately, there was no miracle. The Fed confirmed that a pause in its monetary easing cycle was clearly on the cards, given the continuing strength of the US economy and the risk of a return to...

No respite likely for India rupee, bonds to track US peers

The Indian rupee is likely to remain under pressure through the week on worries over U.S. President-elect Donald Trump's trade policies and persistent dollar demand in the non-deliverable forward...

Russia's new car sales up 47% in 2024, agencies cite industry ministry

Sales of new passenger cars in Russia increased by 47% year on year to 1.55 million units in 2024, Russian news agencies reported on Saturday, citing industry and trade ministry data. ...

Sterling falls to nine-month low as dollar carries on climbing

Sterling dropped to a near-nine month low against the dollar on Thursday, hurt by the U.S. currency's relentless rise on expectations of dollar-supportive policies from incoming President Donald Trump...

Russia halts gas exports to Europe via Ukraine

Russia's energy giant Gazprom said on Wednesday that gas exports via Ukraine to Europe had been halted from 08:00 Moscow time as the transit deal has expired. The shutdown of Russia's...

Ukraine transit operator says Russia has not nominated gas volumes for Jan. 1 so far

Ukraine's gas transit operator said Russia had not nominated any gas flows for Jan. 1 through the Ukrainian pipeline to Europe as of 1500 GMT on Tuesday, hours ahead of the expiration of a five-year...

Russia reduces gas flow via Ukraine to Europe on last day of expiring deal

MOSCOW -Russian energy company Gazprom said it would pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout...

Steady sterling on track for best G10 performance against dollar in 2024

The pound was little changed on the final trading day of the year on Tuesday, leaving it on track to be the best performing major currency against the dollar this year as the UK economy has held up...

Russian gas flows via Ukraine for last days as transit deal crumbles

Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia's once...

Sterling holds out against strong dollar

The pound stood its ground in thinned-out holiday trading session on Monday and looked set to end the year as the best performing major currency against the relentlessly firming dollar. ...