Analysis: Currencies

Dollar rebounds as Bessent reaffirms US strong dollar policy

The dollar rose against a basket of currencies on Wednesday, rebounding from a four-year low touched in the prior session, after Treasury Secretary Scott Bessent reaffirmed the United States'...

Pound gives back some gains after hitting four-year high on Trump comments

The pound dipped on Wednesday after surging to a four-month high the previous day as comments from U.S. President Donald Trump deepened investors' concerns about the dollar. Sterling was...

Dollar options traders turn bearish as 'bye America' selloff deepens

Options traders have turned overwhelmingly negative towards the dollar this week, after President Donald Trump brushed off the U.S. currency's 2.5% slide this month, pushing the cost of derivatives to...

Why the euro's rise to $1.20 is a big deal

The euro has hit a new milestone against the dollar, highlighting the single currency's renewed push higher as sentiment towards the greenback sours. Here's a look at what's behind the...

ECB may need fresh rate cut if euro strengthens, Kocher tells FT

The European Central Bank may need to consider another interest rate cut if further gains in the euro begin to weigh on the bank's inflation outlook, Austrian central bank governor Martin Kocher told...

Germany pushes for 'two-speed' Europe with new bloc of six leading economies

Germany will push for a two-speed European Union to break decision-making inertia in the 27-member bloc and galvanise its economies, calling for a core group of member states to move ahead on key...

Currencies: Spotlight on the Japanese yen

After Donald Trump's remarks on Greenland helped equities regain altitude, investors are now focused on Japanese rates, which keep climbing even as the yen remains weak. This decoupling is unusual and...

EU countries give final approval to Russian gas ban

European Union countries on Monday gave their final approval to ban Russian gas imports by late 2027, making their vow to cut ties with their former top supplier legally binding, nearly four years...

NY Fed carried out dollar/yen rate checks, source says

The New York Federal Reserve conducted rate checks on the dollar/yen pair around midday on Friday, a source familiar with the matter told Reuters. Analysts say the move may have...

Yen volatile on rate check speculation, dollar set for sharp weekly drop

The yen was volatile on Friday, with a sudden spike raising market speculation that authorities had conducted a rate check, often a precursor to intervention, while the dollar was set for its steepest...

Euro zone business activity expands steadily but price pressures reemerge

Euro zone business activity growth held steady this month as a weaker expansion in the dominant services industry offset milder factory contraction, according to a survey, while price pressures picked...

Instant View: Investor reaction as U.S. President Trump withdraws tariff threat, says Greenland deal framework reached

U.S. President Donald Trump on Wednesday withdrew a threat to impose tariffs on a number of nations for their stance on Greenland, saying he had reached the outlines of a deal with NATO on the...

EURO / US DOLLAR (EUR/USD): Caught in a Crossfire

The macroeconomic readout still puts growth front and centre, with productivity rising, a fiscal stimulus on the way and bank lending re-accelerating. At this stage of the cycle, there is no...

Time for Europe to wake up amid US threats, ECB's Villeroy says

Europe must wake up in the face of threats of fresh tariffs by U.S. President Donald Trump over Greenland, European Central Bank policymaker Francois Villeroy de Galhau said on Wednesday. ...

Asian shares extend selloff, global bond rout stokes fresh anxiety

Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global...

Trump, sharing leaked texts and AI mock-ups, vows 'no going back' on Greenland

U.S. President Donald Trump said on Tuesday there was no going back on his goal to control Greenland, refusing to rule out taking the Arctic island by force and lashing out at NATO allies as European...

Russia ran a 2025 budget deficit of 2.6% of GDP, highest since 2020

Russia ran a budget deficit of 5.6 trillion roubles , or 2.6% of GDP, in 2025, the Finance Ministry said on Monday, the highest deficit since 2020 as a percentage of GDP and the highest since 2006 in...

Six candidates for ECB vice presidency

Euro zone finance ministers will nominate on Monday a successor to European Central Bank Vice President Luis de Guindos. Following are some details on each of the six candidates who...

IMF sees steady global growth in 2026 as AI boom offsets trade headwinds

The International Monetary Fund again edged its 2026 global growth forecast higher on Monday as businesses and economies adapt to U.S. tariffs that have eased in recent months and a continued AI...