02062016Sat
Last update: Sat, 06 Feb 2016 12pm

Europe

Markets - FXMM - Europe

Rouble falls with oil ahead of US jobs report MOSCOW: The Russian rouble fell on Friday morning, tracking the oil price lower, with markets cautious ahead of monthly US jobs data that may influence the dollar. At 0755 GMT, the rouble was 0.3 percent weaker against the dollar at 77.22 and had lost 0.3 percent to 86.46 versus the euro. Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at $34.2 a barrel. "Oil as before remains the basic driver," ING economist Dmitry Polevoy said in a note. "Therefore there are probably not many who want to play the rouble aggressively, considering the chances of sharp moves in either direction." Rosbank analysts said in a note the forex market is also cautious ahead of the upcoming US jobs report. A large gain in US employment may lead markets to increase their bets on higher US interest rates, boosting the dollar and weakening emerging market ...

Markets - FXMM - Europe

Dollar in doldrums as heads for worst week since 2009 LONDON: The dollar inched up from a 2-1/2-month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited US employment data for justification of the view that the Federal Reserve will not raise rates in 2016. The dollar has shed almost 3 percent against a basket of major currencies since Monday as expectations that the Fed would raise interest rates at least once this year have all but ...

Markets - FXMM - Europe

Sterling retreats from 1-month high as Brexit concerns weigh LONDON: Sterling retreated from a one-month high against the dollar on Friday, hurt by a poll that showed that those campaigning for Britain to leave the European Union had taken a 9-point lead, triggering renewed anxiety among investors. The YouGov survey, taken in the two days after Prime Minister David Cameron set out his proposed changes for Britain's relationship with the EU, represents the biggest lead for the 'out' campaign since the referendum wording was ...

Markets - FXMM - Europe

Sterling hits 1-month high as BoE's Carney quashes rate cut talk LONDON: Sterling hit a one-month high against the dollar on Thursday, putting it on track for its strongest week since 2009, after Bank of England chief Mark Carney quashed talk that interest rates could be cut in the coming months.The pound had earlier dipped, falling 1 percent against the euro to a two-week low after minutes from the BoE's latest policy meeting showed the lone advocate of a rate hike reversed his position this month.But ...

Markets - FXMM - Europe

Sterling hits 1 month high vs USD, awaits BoE Inflation Report LONDON: Sterling reached a one-month high against a weakening US dollar on Thursday, with investors awaiting guidance on interest rates and prospects from the Bank of England later in the day. The Monetary Policy Committee of the BoE ends its two-day meeting on Thursday and is widely expected to hold interest rates at record lows. It will also release the minutes of the meeting and its latest economic forecasts at 1200 GMT. Governor Mark Carney ...

Markets - FXMM - Europe

Turkish lira firms to strongest in almost two months as dollar slumps ISTANBUL: The Turkish lira traded at 2.899 against the dollar on Thursday, its firmest since December 7, amid expectations the US Federal Reserve may not raise interest rates this year. The dollar on Wednesday saw its biggest one-day percentage drop since at least 2009 after weak US data and comments from a Fed policymaker signalled further rate hikes could be delayed. Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Sterling surges to 3-week high on US, UK data signs LONDON: Sterling surged by more than two cents to a three-week high against the dollar on Wednesday as poor US data sent the greenback lower, while British numbers showed Britain's services sector still advancing robustly. The pound took a boost on Tuesday from the release of a draft plan aimed at keeping Britain in the European Union. That, and the solid read from the survey of service sector purchasing managers, have helped spark a revival ...