Analysis: Currencies

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...

Currencies: Thank you France!

Between small talk and great tragedy, France continues to be the talk of the town. Since the surprise dissolution of the French National Assembly last June, there has been a steady stream of setbacks...

US job openings rise in October, layoffs decrease

U.S. job openings increased moderately in October while layoffs declined, suggesting the labor market continued to slow in an orderly fashion. Job openings, a measure of labor demand,...

Russia's interest rate, inflation seen higher after rouble's fall- Reuters poll

The Russian central bank is set to raise its benchmark interest rate by another 200 basis points to 23% at its Dec. 20 board meeting after the rouble's sharp fall in November, a Reuters poll showed on...

Sterling picks up versus dollar, flat against euro

Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on...

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank...

Sterling rises versus euro towards its 2-1/2-year high

Sterling dropped versus the dollar and rose against the euro on Monday, with political troubles in France and the so-called Trump trade back in focus. The euro fell on Monday on growing...

Exclusive-Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia's financial sector, CEO of Russia's second largest lender...

Exclusive-Russia's VTB does not expect Western sanctions to be lifted soon

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview. ...

Dollar faces crunch week for US rates, yen holds gains

The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates...

Russia lifts gasoline export ban for producers

Russia's government lifted a temporary ban on the bulk of gasoline exports supplied by producers, while extending the restrictions for other exporters, such as independent traders and re-sellers,...

Russia's Rosneft may delay refinery modernisation due to high interest rates, taxes

MOSCOW -Rosneft, Russia's largest oil producer, said on Friday it may delay modernizing its refineries due to high interest rates and taxes, as its nine-month profit fell 13.9% year on year to 926...

Russia's Gazprom swings to Q3 loss on one-off tax as 9-month income surges

MOSCOW -Gazprom, Russia's largest gas producer, incurred a loss of 53 billion roubles in the third quarter of 2024 due to an expected one-off rise of 20% in the profit tax rate expected in 2025, the...

Pound set for best week since September as dollar stumbles

The pound held steady on Friday, leaving it on track for its biggest weekly rise since mid-September after the dollar gave up some of its post-election gains. Sterling was last at $1.269...