Analysis: Currencies

Canadian dollar rally to resume in 2025 if global economy picks up

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive the global economy, spurring demand...

Markets hit tentative pause on selloff

A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained...

Asian shares try to stabilise after global sell-off; focus on US data

Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S. economic worries raised the odds of the...

Dollar weakness to stall as markets over-egg Fed rate cuts

Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts, according to a majority of foreign exchange...

Reports of dollar's demise are greatly exaggerated, JPMorgan says

Suggestions that the dollar's dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of change in commodity markets and...

Sterling steady after upbeat UK services sector data

Sterling held steady on Wednesday after a survey showed Britain's services activity grew last month at the fastest pace since April, adding to signs of momentum in the economy. The pound...

New export business boosts Russia's service sector in August, PMI shows

Activity across Russia's services sector grew at its fastest pace in seven months in August, a business survey showed on Wednesday, boosted by a sharp expansion in new export business. ...

Japan's service activity extends gains in Aug, PMI shows

Japan's service-sector activity extended gains in August, a private sector survey showed on Wednesday, thanks to an uptick in overseas sales despite a darkening global outlook. The final...

Four states form venture for interconnector to Azeri windfarms

Azerbaijan, Georgia, Romania and Hungary formed a joint venture company on Tuesday to eventually build a subsea interconnector across the Black Sea linking planned Azeri windfarms to Europe. ...

Sterling eases after scorching August rally

The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on sterling's largest monthly rally in 10 months ahead of a key read of the U.S. jobs...

Malaysia central bank to hold rates at 3.0% until at least 2026

Bank Negara Malaysia will leave its key interest rate unchanged on Thursday and keep it there at least through 2025 as growth remains robust and inflation stays under control, according to a Reuters...

Russian central bank set to hike key rate by another 100 bps

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters poll of...

Sterling drops versus euro, focus on rate outlook

Sterling dropped against the euro but was still within striking distance of a one-month high, while rising versus a weakening dollar. The greenback eased but remained close to its...

Swiss franc carry trade comes fraught with safe-haven rally risk

As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever present. The Swiss...

Asia shares steady, dollar firm before jobs test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be...

EU must step up arms production, play stronger role in defence, Commission chief says

The European Union has not yet done enough to boost its own arms production capacities in light of geopolitical threats, in particular Russia's war on Ukraine, Commission President Ursula von der...

Sterling steady but heads for weekly fall on dollar strength

Sterling steadied on Friday but was set to end the week slightly lower after strong U.S. data underpinned the dollar. The pound was last up 0.1% at $1.3181 yet was set to finish the week...

Euro zone inflation tumbles, firming up ECB rate cut bets

Euro zone inflation fell to its lowest level in three years this month, adding to the case for another European Central Bank interest rate cut in September, even if price growth is likely to rebound...

Exclusive-Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian sources with direct...