Analysis: Currencies

Sterling hits strongest in two months on euro in holiday-thinned trade

The pound touched its strongest level in two months on the euro and held steady against the dollar in Tuesday's holiday thinned trading, though there was little in terms of news to jolt the currency...

Russian Railways plans to cut spending by 20% in 2026

The board of directors of state-owned Russian Railways has approved spending for 2026 at 713.6 billion roubles , down from 890.9 billion roubles this year, the company said on Monday. ...

Sterling steady near recent highs on dollar and euro

The pound held steady against both the dollar and the euro in thin holiday trading on Monday with little in the way of scheduled events that could move the currency until the new year. ...

Russian billionaire Potanin acquires minority stake in cloud provider Selectel

A joint venture controlled by Russian billionaire Vladimir Potanin has acquired a 25% stake in IT infrastructure provider Selectel, one of the venture's partners said on Monday, as Moscow seeks to...

Russian factory activity shrinks at fastest pace since March 2022, PMI shows

Russia's manufacturing sector contracted at its fastest rate since March 2022 in December, as output and new orders fell sharply, S&P Global reported on Monday. The Purchasing Managers'...

Bulgaria prepares for the euro amid excitement and scepticism

Bulgarian banks, businesses and shoppers were preparing this week to say goodbye to the lev currency ahead of a move to adopt the euro on January 1, a long-awaited milestone met with excitement,...

Sterling steady near multi-month highs, BoE caution still top of mind

The pound held around a three-month high against a broadly softer dollar and near its firmest in two months against the euro on Wednesday, although trading was thin ahead of the Christmas holiday. ...

Yen strengthens amid intervention threat, traders await US data

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene while traders awaited U.S. GDP data. ...

Italy's government wins upper house confidence vote on 2026 budget

Italy's government comfortably won a vote of confidence in the upper house Senate on Tuesday over its 2026 budget, keeping it on track to secure parliament's final approval before the end of the...

Yen strengthens in thin trade amid intervention threat

The yen strengthened amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalling Tokyo's readiness to intervene, as the Japanese currency hovered near recent...

Frail yen whipped around as intervention threat swirls

The yen perked up amid broad U.S. dollar weakness on Tuesday after the severest warning yet from authorities signalled Tokyo's readiness to intervene as the Japanese currency hovered near recent lows...

Currencies: That's Life

The two main events of last week were the jobs report, followed by US inflation data. While the former triggered some profit-taking, the latter was welcomed by investors. Let's take a quick look at...

Sterling keeps rising after the Bank of England raised the bar on rate cuts

The pound rose on Monday, building on gains made last week after the Bank of England delivered a widely expected rate cut, but suggested that the bar for further declines was high, given persistent...

Japan's yen gains on intervention signals, softer US dollar

The yen firmed against the U.S. dollar on Monday after Japanese officials warned against one-sided and sharp currency moves, signaling readiness to take appropriate action in what analysts viewed as a...

Yen wallows near record lows on cautious BOJ stance despite intervention warnings

The yen languished near record lows to the euro and Swiss franc on Monday as the lack of hawkish signals from the Bank of Japan emboldened traders, even as Japanese officials stepped up warnings...

Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike

The yen languished near a record low to the euro on Monday, after Bank of Japan Governor Kazuo Ueda stuck to his usual cautious rhetoric following an interest rate hike on Friday. The...

EU Council backs digital euro with both online and offline functionality

The EU Council on Friday backed a negotiating position for a digital euro that includes both online and offline functionality, diverging from earlier European Parliament proposals that focused solely...

Markets quietly welcome EU shift to joint borrowing for Ukraine loan

The European Union's decision to fund lending to Ukraine through borrowing is welcome news to markets, analysts said on Friday, cementing the use ?of joint ?debt as a financing solution while avoiding...

How will the EU's 90 billion euro loan to Ukraine work?

A 90 billion euro EU loan for Ukraine, blocked by Hungary under outgoing Prime Minister Viktor Orban, could be revived following Orban's defeat in an election this month and a resumption of Russian...