Analysis: Currencies

Cybercrime and sabotage cost German firms $300 billion in past year

Cybercrime and other acts of sabotage have cost German companies around 267 billion euros in the past year, up 29% on the year before, according to a survey published on Wednesday. ...

Israel central bank unlikely to cut rates again in 2024, deputy governor says

The Bank of Israel is unlikely to lower short-term interest rates at its remaining two 2024 policy meetings given rising price pressures and persisting geopolitical risk, deputy governor Andrew Abir...

Sterling dips against dollar but continues to rise versus euro

Sterling dipped from two-year highs touched against the dollar but made further ground versus the euro on Wednesday as investors focussed the prospect of diverging monetary policies in the United...

French judges to decide on next step in Durov probe

French investigative judges are due to decide later on Wednesday whether to place Russian-born Telegram boss Pavel Durov under formal investigation following his arrest as part of a probe into...

Pound hits two-year high on dollar, gains on euro

Sterling reached a two-year high against the dollar on Tuesday, and also gained on the euro, supported by bets the Bank of England will cut rates less dramatically than the Federal Reserve while the...

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the soft landing narrative that has helped drive...

Bank of England's Bailey sees weaker inflation pressure

Bank of England Governor Andrew Bailey said on Friday he thought inflation pressure in the British economy was becoming less stubborn than in recent years, but it was still too soon to be sure. ...

US adds 123 entities to entity list, including 63 in Russia and 42 in China, Federal Register says

The United States is adding 123 entities to its U.S. export control list known as the 'Entity List,' including 63 in Russia and 42 in China, according to a notice published in the Federal Register on...

Sterling pinned near 13-month high ahead of Powell, Bailey speeches

Sterling hovered near a 13-month high against the dollar on Friday, trading just short of levels seen in April 2022, as traders awaited key speeches from the heads of the Federal Reserve and the Bank...

Dollar steady ahead of Powell speech; Ueda aims to calm market nerves

The U.S. dollar was calm on Friday as traders braced for comments from Federal Reserve Chair Jerome Powell, while Bank of Japan Governor Kazuo Ueda aimed to soothe lingering market nerves after a...

PMI data sends pound higher on euro, to new 13-month top on dollar

The pound rose to a new 13-month high on the dollar on Thursday and also strengthened against the euro after British business activity data showed steady growth momentum going into the second half of...

Bank of England to deliver one more rate cut this year, economists say

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. ...

Analysis-Euro, now a safer bet, emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a...

Indonesian rupiah, South Korean won lead Asian FX higher

The following table shows rates for Asian currencies against the dollar at 0210 GMT. Currency Latest Previou Pct bid s day Move Japan 146.620 146.57 -0.03 ...

Currencies: Dollar limps along, European currencies rally

Over the past week, the dollar has weakened significantly, benefiting not only commodity currencies but also the main European currencies, led by the euro and sterling.

Funds go long yen for first time in four year: McGeever

By one measure, the speculative Japanese yen-funded carry trade has been completely unwound. The latest Commodity Futures Trading Commission data show that hedge funds and speculators...

MORNING BID AMERICAS-Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the...

Swedish central bank seen cutting rates this week, more to come by year end

Sweden's central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then twice more before the end of the year as inflation pressures continue to ease, a...

Russian pork producers target EU's share of China's pork market

Russian pork producers are aiming to capture 10% of China's pork import market in the coming years from a standing start, seeking to take advantage of trade tensions between the European Union and...