Analysis: Currencies

US to cut tariffs on India to 18%, India agrees to end Russian oil purchases

U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade...

EU efforts to diversify critical raw material imports fail so far, auditors say

The European Court of Auditors said on Monday the EU's efforts to diversify its imports of metals and minerals critical to tech, defence and the energy transition had yet to produce tangible results....

EURO / US DOLLAR (EUR/USD): EUR/USD: Possible End to recent trend

The appointment of Kevin Warsh as chairman of the Federal Reserve has turned the tide for the dollar, while deepening the sell-off in precious metals. Amongst the contenders, Warsh is a surprising...

Currencies: Volatility at every level

For some, making it to the end of the month can be tough. For investors, the end of January was marked above all by heightened volatility across most asset classes: a sharp drop in precious metals,...

Sterling steady near $1.37 as eyes turn to BoE announcement 

The pound held steady against the dollar on Monday near a multi-year high hit last week as attention focused on a Bank of England policy announcement on Thursday.  Sterling was last up...

Euro zone firms see deteriorating profits, ECB survey shows

Euro zone firms expect revenues to keep rising this quarter but profitability is taking a hit, the European Central Bank's quarterly Survey on the Access to Finance of Enterprises showed on Monday. ...

Russian manufacturing contraction eases but VAT hike fuels inflation, PMI shows

Russia's manufacturing sector showed signs of stabilisation in January, with the pace of contraction in output and new orders easing, although a recent increase in value-added tax drove inflationary...

Rupee shored up by RBI intervention, swaps cushion liquidity as bonds sell off

The Indian rupee logged its best single-day gain in over a month on Monday, boosted by likely dollar sales by the central bank and modest inflows that dulled the spillover from global market...

India budget leaves rupee, bonds vulnerable heading into RBI policy decision

The Indian rupee and government bonds are expected to extend their rough patch this week as the government's higher-than-expected borrowing plan is a concern for traders while weak capital flows leave...

UK wants closer EU defence ties with potential bid to join new SAFE fund

British Prime Minister Keir Starmer said his government will consider applying to join a second possible multi-billion-euro European Union fund for defence projects as his ministers prepare for talks...

India's budget aims to ramp up domestic manufacturing in a volatile environment

India's Finance Minister Nirmala Sitharaman presented the 2026/2027 budget to parliament on Sunday aiming to lift manufacturing and generate jobs in the world's most populous country. ...

Japan markets on edge over looser fiscal policy, ex-currency diplomat Watanabe says

Japan will continue to face market jitters over fiscal policy, with the risk of further tax relief raising the prospect of a renewed selloff in government bonds and the yen similar to Britain's Truss...

Indian shares muted ahead of federal budget; metals decline

Indian shares were muted in a special trading session ahead of the federal budget on Sunday, with investors awaiting support for growth from government capital spending and relief for export-oriented...

Warsh 'regime change' faces steep hurdles at a sprawling US central bank

Kevin Warsh checks a long list of boxes for President Donald Trump as his pick to run the Federal Reserve, with longstanding political and social ties to the president, deep Wall Street connections...

Japan's Takaichi cites weak yen's benefits even as her government threatens intervention

Japanese Prime Minister Sanae Takaichi cited some benefits of a weaker yen on Saturday, in stark contrast to her finance ministry's threats to intervene to support the battered currency. ...

Five things to know about Kevin Warsh, Trump's 'central casting' Fed chair pick

U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest...

Trump's Fed chair pick Warsh likely to boost Wall St rule easing

Kevin Warsh, U.S. President Donald Trump's pick to chair the Federal Reserve, will likely boost the central bank's effort to ease Wall Street bank rules, and allow the administration a bigger say on...

US producer prices post biggest gain in five months, businesses passing on tariffs

U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting inflation could pick up in the months ahead and allow the Federal Reserve...

US stock index futures cut losses after Trump nominates Kevin Warsh as next Fed Chair

U.S. stock index futures cut some losses on Friday, after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. I am nominating Kevin Warsh to be chairman...