Analysis: Currencies

Japan appoints Atsushi Mimura top FX diplomat, replacing Masato Kanda

Japan's government appointed financial regulation expert Atsushi Mimura on Friday as its top currency diplomat, replacing Masato Kanda who battled sharp yen declines this year with the biggest...

Dollar barges past 161 yen and eyes quarterly rise

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. ...

Asia shares eye five-month winning streak; yen buckles under dollar strength

Asian stocks were headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling inflation in the United States would allow the Federal Reserve to ease rates later...

Potential China action against EU pork may be double-edged sword for Brazil

China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability...

Sterling heads for first weekly gain in a month

The pound edged up on Thursday, heading for its first weekly gain in a month, as the dollar eased ahead of U.S. inflation data that could prompt the Federal Reserve to cut interest rates more than...

Battered yen pinned near multi-decade low amid resilient dollar

The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the...

Sterling dips as dollar strengthens while traders await U.S. data

The pound dipped on Wednesday as the dollar strengthened while investors waited for the release of the Federal Reserve's preferred gauge of inflation on Friday. Sterling was last 0.2%...

Frankfurt skyscraper owner files for insolvency as property crisis grips

The owner of a prominent skyscraper in Germany's banking capital of Frankfurt has filed for insolvency, as the country reels from its biggest property crisis in a generation. The tower,...

China urges EU to revoke sanctions on Chinese firms over Russian links

China on Tuesday urged the European Union to revoke sanctions on Chinese companies for what it believes is supporting Russia's war in Ukraine. China always opposes unilateral sanctions,...

Bank of Japan opens door for a hawkish double surprise

The Bank of Japan is dropping signals its quantitative tightening plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady...

Currencies: SNB: 2, rest of the world: zero

For the second time since the start of the year, the Swiss National Bank has lowered its key interest rates. It has to be said that the situation in Switzerland is very different from that in Europe.

Sterling edges up against softer dollar

The pound edged higher against a broadly softer dollar on Monday, as markets looked beyond Britain's upcoming general election and instead set their focus on the outlook for monetary policy. ...

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia's gas exports for the first time, EU foreign affairs ministers...

MORNING BID EUROPE-On alert for yen intervention, US inflation

A look at the day ahead in European and global markets from Wayne Cole. It's been a mildly risk-off start to the week with most share indices in the red, the dollar up and Treasury...

US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks

The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the...

Asian FX muted on robust dollar, rupiah at 4-year low

Asian currencies were subdued against the U.S. dollar on Friday, with the Indonesian rupiah touching a fresh four-year low, as the Federal Reserve's patient stance towards interest rates adds pressure...

MORNING BID EUROPE-Dollar backed by dove with sharpest claws

A look at the day ahead in European and global markets from Kevin Buckland King dollar is exerting its authority to end the week at new heights. The yen, in particular,...

Pound holds steady ahead of Bank of England rate decision

The pound was little changed on Thursday ahead of a Bank of England interest rate decision in which the central bank is expected to hold borrowing costs at a 16-year high of 5.25%. Data...

Sterling edges up after UK inflation data

Sterling rose slightly versus the euro and the dollar after data showed British inflation returned to the Bank of England's 2% target in May for the first time in nearly three years. The...