Currencies

Japan's top FX diplomat warns against speculative moves as yen falls

TOKYO -Japan's top currency diplomat, Atsushi Mimura, issued on Monday a warning against speculative moves on the foreign exchange market as the yen fell below 149 per dollar. We will...

Dollar on a roll after US jobs data and Middle East flare-up

Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data...

Russia proposes squeezing more budget funds from state asset seizures

Russia's government has proposed ordering state companies that acquire assets and property through court decisions to pay 50% of the assets' market value to the federal budget, a note published by the...

Sterling falls sharply after BoE Bailey remarks

Sterling fell sharply on Thursday after the Bank of England Governor Andrew Bailey said the central bank could become a bit more activist on rate cuts, while simmering tensions in the Middle East kept...

Dollar to stay unfazed despite growing uncertainties

The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from FX strategists polled by Reuters who were,...

Sterling steadies after dropping on Middle East escalation

The British pound steadied on Wednesday, a day after it fell sharply against the dollar as the growing conflict in the Middle East spurred demand for safe haven assets. Sterling was last...

Sterling eases against strong dollar as UK factory activity dips

Sterling dipped against a firming dollar on Tuesday as survey data confirmed a slowdown in factory activity in September, but the British currency was still in sight of recent highs. ...

Russia's factory activity contracts for first time in over two years, PMI shows

Activity in Russia's manufacturing sector contracted for the first time in more than two years in September, a business survey showed on Tuesday, driven by declines in output levels, new orders and...

Imported cars face higher fees as Russia plans domestic production boost

Russia plans to effectively raise taxes on imported cars from 2025 by doubling the scrappage fees all car producers must pay while also increasing state support for locally made vehicles, draft budget...

Russia hikes national defence spending by 23% in 2025

Russian state spending on national defence will increase by 23% in 2025 to 13.5 trillion roubles from 10.8 trillion roubles in 2024, draft state budget documents published on Monday showed. ...

Sterling holds near recent highs on euro, dollar

The pound paused around multi-year highs on the dollar and the euro on Monday, supported by the Bank of England's relative hawkishness, at the start of a week where, barring dramatic surprises, its...

Rupee supported by buoyant Asia FX, importer dollar bids to cap gains

The Indian rupee is expected to open nearly unchanged on Monday and trade with a slightly positive bias on the back of gains in most of its regional peers, while traders await comments from Federal...

Sterling slides versus dollar, steady against euro

Sterling edged lower on Friday, but still hovered close to a two-and-a-half-year peak against the dollar, as increasing risk appetite following China's stimulus plan and monetary policy divergence...

Europe's stock markets continue to chase records - China hopes help

In the hope of a growth spurt in China, an important trading partner, more investors are entering the European stock markets. The Dax rose by up to 0.6 percent on Friday morning,...

Sterling rises versus dollar and euro on strong risk appetite

Sterling rose on Thursday to within striking distance of its two-and-a-half-year peak against the dollar after China's stimulus plan boosted investors' risk appetite. The pound usually...

M&A seen slowing ahead of US elections after uneven third quarter

Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a...

Sterling slips against dollar as focus turns to UK budget

The pound slipped against the dollar on Wednesday, retreating from a two-and-a-half-year peak a day earlier, as investors turn their focus to next month's British budget and the Bank of England's...

Hungary central bank resumes rate cuts, flags caution in further policy steps

BUDAPEST -The National Bank of Hungary cut its base rate by another 25 basis points to 6.5% on Tuesday, aided by a fall in inflation and last week's larger-than-usual cut by the U.S. Federal...

French borrowing costs rise above Spain's for first time since 2008

France's borrowing costs briefly rose above Spain's for the first time since 2008 on Tuesday, according to LSEG data, in a sign of investor concerns about the new French government's ability to tackle...