Analysis: Currencies

Currencies: It's very quiet

The dollar continues to benefit from favorable winds, but this does not yet call into question our consolidation scenario. Forex traders seem to be holding back, waiting to decipher the language that...

Iran currency slips to new lows amid U.S., Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the...

Russia's Aeroflot sees passenger traffic up to 5% in 2025, Interfax says

Russia's largest airline Aeroflot may increase passenger traffic by up to 5% in 2025, Russian agency Interfax said on Thursday, citing company's executive Ivan Batanov. Aeroflot expected...

Priced for perfection into CPI

A look at the day ahead in European and global markets from Tom Westbrook Markets head into the release of U.S. inflation figures expecting they won't get in the way of an interest rate...

Dollar reasserts strength, China fillip fades

A look at the day ahead in U.S. and global markets from Mike Dolan Helped by a backup in U.S. Treasury yields, the dollar has rediscovered its mojo ahead of a wave of overseas interest...

China's exports to Russia drop for first time in four months

China's yuan-denominated exports to Russia fell at a double digit pace in November, worsening sharply from 24% growth in October and marking the first decline in four months, Chinese customs data...

Sterling kicks off week on the rise against dollar, euro

Sterling rose against the dollar and euro on Monday, as investors were on edge ahead of U.S. inflation data and the European Central Bank's meeting later in the week. The pound was last...

Currencies: A non-event

The French political drama took center stage last week with the government's resignation after a no-confidence vote. Yet, the anticipated disaster on the CAC 40 has not materialized. The French stock...

Rachel Reeves to push for UK/EU reset at finance ministers' meeting

Reducing Britain's trade barriers with the European Union will improve the growth prospects of both, finance minister Rachel Reeves will tell her euro zone counterparts on Monday when she meets the...

Rouble rebounds past 100 vs US dollar after Putin's gas payments decree

The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas,...

The pressure's on: Five questions for the ECB

The European Central Bank looks set to cut rates again next week as inflation heads down, and financial markets are keen for a sense of whether a more challenging environment will spark speedier moves...

BOJ is holding cards close to its chest on December rate hike

The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-making style and anxiety over U.S....

Russia official says Trump's threat will not stop work on BRICS payment system, RIA reports

Work will continue on the BRICS settlement system despite U.S. President-elect Donald Trump's threat to impose 100% import duties on countries that try to undermine the dollar, the RIA news agency...

Sterling ticks higher in third day of gains

The British pound rose for a third consecutive session on Thursday as it continued to recover from a six-month trough hit in late November. Sterling climbed 0.15% on Thursday to $1.2721,...

UK firms jittery about rise in labour costs and Trump tariffs, survey shows

British companies face a challenging 2025, the British Chambers of Commerce said on Wednesday with an increase in employment costs and potential tariffs on exports likely to hit their investment and...

Putin urges government and central bank to coordinate action to curb high inflation

Russian President Vladimir Putin called for the government and central bank to coordinate their efforts to curb high inflation, saying on Wednesday that increasing the supply of goods and services to...

Norway should begin process of divesting Russian assets, central bank says

OSLO -Norway's government should let its huge sovereign wealth fund sell parts of its Russian portfolio when possible, ending a general freeze in place since 2022 that has prevented divestment, the...

Russian central bank governor says Dec. 20 rate hike not pre-determined

Another key interest rate hike is possible at the central bank's Dec. 20 rate-setting meeting, but such a decision is not pre-determined as the impact of the weaker rouble on inflation will be offset...

Bond vigilantes spare France for now, but political crisis will bring more pain

Bond investors are likely to spare France the dire financial storm Prime Minister Michel Barnier has warned of, but the fallout from the political crisis will hurt businesses, consumers and...