Analysis: Currencies

Dollar starts 2026 tentatively higher after biggest annual drop in eight years

The U.S. dollar made a slightly positive start to 2026 on Friday after struggling against most currencies last year, while the yen inched back towards a 10-month low as traders awaited U.S. economic...

Turkey plans first overseas deepwater drilling in Somalia next month

Turkey will send a drilling vessel to Somalia in February to carry out the country's first deepwater exploration project abroad, Energy Minister Alparslan Bayraktar said on Wednesday. He...

India central bank likely active near 90 to dollar via state-run banks, traders say

The India rupee found support near the 90-per-dollar mark on Friday, with traders citing dollar sales by state-run banks, likely on behalf of the central bank. The rupee was trading near...

Dollar makes a soft start to 2026 after sharpest drop in 8 years

The U.S. dollar made a feeble start to 2026 on Friday after struggling against most currencies last year, while the yen steadied near 10-month lows as traders awaited economic data this month to gauge...

Bulgaria celebrates entry into euro zone, lev currency banished into history

EU member Bulgaria marked its entry into the euro zone on Thursday with a display of euro coins on the facade of the central bank in Sofia and fireworks to celebrate a long-awaited milestone. ...

Fed buying, record repo facility use steady year-end US funding markets

U.S. short-term funding markets saw some of the usual year-end tension this week, but the Federal Reserve's renewed buying of short-term government debt and heavy use of its Standing Repo Facility...

Indian rupee enters 2026 on the back foot after worst annual drop in three years

The Indian rupee posted its largest annual fall in three years, weighed down by record equity outflows and the lack of a U.S. trade deal that left it out of the rally across Asia, with prospects for a...

Dollar climbs after claims data but still well down in 2025

The U.S. dollar advanced on Wednesday, erasing earlier declines after a stronger than expected labor market reading, but it was still set for its biggest annual drop since 2017 after a year of...

Fed policymakers judged 'ample' levels of reserves warranted bill-buying, minutes show

The Federal Reserve's decision earlier this month to start buying short-dated government bonds came after a recommendation from staff to do so and a judgment by policymakers that the level of reserves...

Fed officials showed deep divisions at December meeting, minutes show

The U.S. Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the U.S. economy right now, according to minutes of the latest...

Trump administration must fund US consumer finance watchdog, judge says

A federal judge on Tuesday rejected a claim by President Donald Trump's administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau, noting that a...

US removes former Sberbank executive Alexandra Buriko from sanctions list

The United States has removed Alexandra Buriko, the former chief financial officer of Russia's state-owned Sberbank, from its list of sanctioned individuals, according to a post on the Treasury...

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...

US bonds shined in 2025 but returns could lose altitude next year

U.S. bond investors may face a tougher 2026, with some market-watchers forecasting slower returns as the Federal Reserve dials back rate cuts and potential fiscal stimulus complicates the outlook...

Final Fed minutes of 2025 to shed light on policy divisions

Minutes of the Federal Reserve's December 9-10 policy meeting are expected on Tuesday to shed fresh light on disagreements among policymakers over a decision to reduce short-term rates a third...

Benchmark Japan bond yields extend steepest annual surge since 1994

Benchmark Japanese government bonds fell on Tuesday in the final trading day of a year that has seen the sharpest jump in yields in three decades on concerns about the nation's finances. ...

Banks tap Fed liquidity tool amid year-end pressures

A key Federal Reserve overnight liquidity facility saw increased use on Monday, data from the New York Fed showed. The U.S. central bank lent a total of $25.95 billion on Monday to...

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. ...