Russian state oil and gas revenue is seen almost halving in February to 410 billion roubles from the same month in 2025 due to a stronger local currency and lower oil prices. Oil and gas revenue is the main source of income for the Kremlin, accounting for more than a fifth of federal budget proceeds.
The dollar strengthened for a fourth straight session after data indicated the economy was on stable footing, giving the Federal Reserve leeway to hold interest rates in check in the near-term.
US spot Bitcoin exchange-traded funds may be seeing heavy outflows lately, but the broader picture tells a different story. According to Bloomberg ETF analysts, cumulative net inflows into Bitcoin ETFs peaked at $63 billion in October and now stand at about $53 billion, even after months of redemptions.
Japanese public company Metaplanet reported explosive revenue growth after pivoting its business around Bitcoin, with the cryptocurrency now accounting for most of its operating activity. According to its fiscal year 2025 earnings report, revenue climbed to $58 million from $7 million a year earlier, a 738% year-on-year increase.
Gold fell as signs of progress in U.S.-Iran talks dampened safe-haven demand, while a stronger dollar added to the selling pressure. U.S. gold futures for April delivery settled 2.8% lower at $4,905.90 per ounce.
The Canadian dollar weakened against its U.S. counterpart, as the greenback posted broad-based gains and domestic inflation data raised prospects the Bank of Canada would resume its interest rate cutting campaign.
