Analysis: Currencies

Markets enter the eye of risk-event storm

A look at the day ahead in European and global markets from Kevin Buckland Yields are mercifully lower as the week draws to a close, removing some of the angst that has weighed on...

BOJ may offer less dovish signs as US recession fears ease, rates on hold

The Bank of Japan is set to maintain ultra-low interest rates next week, and probably signal a less dovish policy outlook due to receding fears of U.S. recession - and the need to keep speculators...

Putin says existing BRICS infrastructure is enough for cross-border payments

Cross-border payments for trade between BRICS countries are experiencing problems, but there are no plans to create a special system because the existing infrastructure is sufficient, Russian...

Sterling rises after report stokes slower BoE rate cut view

Sterling firmed against the dollar and the euro on Thursday, alongside a rise in British government bond yields, as investors assessed the outlook for the Bank of England's monetary policy. ...

Dollar stands tall on bets for slower Fed cuts, potential Trump win

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a...

Carrefour keeps 2024 goals as France, Europe improve in Q3

PARIS -Carrefour, Europe's largest food retailer, said on Wednesday it looked to the end of the year with confidence and it kept its 2024 financial goals intact after sales improved in France and...

Norway's Statkraft to sell assets in three countries, CEO says

Norwegian state-owned utility Statkraft, Europe's largest renewable energy producer, will sell energy production assets in India, Croatia and the Netherlands to focus the group's investments on fewer...

BHP says claim it put safety over profit 'unjustified' in Brazilian dam collapse case

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were far-fetched and unjustified, as the miner opened its defence to a...

Sterling dips on dollar, eyes on Governor Bailey's speech

The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central...

Stocks stumble, dollar and gold rise as traders weigh US rates, election

Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place...

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts

Goldman Sachs has said the euro could fall as much as 10% - implying a drop below $1 from current levels - in a scenario in which Donald Trump imposes widespread tariffs and cuts domestic taxes if he...

Currencies: Ouch !

THEUR/USD continues its slide. Initially driven by a drastic rise in US long-term interest rates, making the greenback more attractive, this time it's the ECB's turn to fuel the slide.

Russia's key rate seen back at historic high of 20%

The Russian central bank is expected to hike the key interest rate by 100 basis points to 20%, the same level as at the start of what Russia calls a special military operation in Ukraine, according...

BHP faces $47 billion UK lawsuit over Brazilian dam collapse

A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to 36...

Pound gets a boost from UK consumer spending

The pound rallied by as much as 0.5% on Friday, after data showed UK consumer spending was surprisingly strong last month, offering some reassurance about the strength of the economy, although the...

Sterling drifts near two-month lows versus dollar

The pound drifted near two-month lows against the U.S. dollar on Thursday, after sliding a day earlier when a tame inflation report boosted Bank of England rate cut bets. Sterling was...

City of London chief says Brexit 'disaster' cost 40,000 finance jobs

Britain's departure from the European Union cost London's financial centre about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous...

Pound falls after cooler-than-expected British inflation

The pound dropped on Wednesday after data showing British inflation slowed by more than expected in September, making it easier for the Bank of England to cut interest rates further. ...

Argentina cannot appeal $1.7 billion securities bill, UK court rules

Argentina's bid to reverse a London court ruling which left it facing a 1.56-billion-euro bill over GDP-linked securities has been refused by the United Kingdom's Supreme Court, the court said on...