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Last update: Sat, 03 Dec 2016 10pm

Europe

Markets - FXMM - Europe

Pound hurt by political doubts, set for weakest month in 2 years LONDON: Sterling fell against the dollar and the euro on Monday, weighed down on the first official day of a national election campaign that looks set to give no party an outright majority.With parliament dissolved, Prime Minister David Cameron went to Buckingham Palace and met Queen Elizabeth, a formality marking the end of five years of coalition government between his Conservatives and the Liberal Democrats.In anticipation of the May 7 election, the outcome of which is the most uncertain in decades, the price of hedging against price swings in sterling's exchange rate over the coming two months was driven to its highest in 3-1/2 years earlier this month.Britain's continued membership of the European Union hangs on the outcome, as does the future of the increasingly frayed balance of power between the United Kingdom and its most assertive constituent part, Scotland.Sterling was 0.7 percent lower against the dollar on Monday at ...

Markets - FXMM - Europe

Euro down on Greece uncertainty, rate outlook drives dollar up LONDON: The euro fell on Monday, hurt by uncertainty over whether Greece and its creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20.Talks continued through the weekend and Athens sounded upbeat, but its lenders said compiling a list of reforms could take several more days. Fitch cut Greece's credit rating to 'CCC' from 'B' on Friday.The dollar rose after Federal Reserve ...

Markets - FXMM - Europe

Political risk weighs on sterling as UK election campaign begins LONDON: Sterling fell against the dollar on Monday, weighed down by political worries on the first official day of a national election campaign that looks set to finish with no party holding an outright majority.With parliament dissolved, Prime Minister David Cameron will go to Buckingham Palace to meet Queen Elizabeth later in the day, a formality marking the symbolic end of five years of coalition government between Cameron's Conservatives and the Liberal Democrats.In anticipation of ...

Markets - FXMM - Europe

Euro hurt by Greek uncertainty, dollar helped by rate outlook LONDON: The euro fell on Monday, hurt by uncertainty over whether Greece and its international creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20.Talks continued through the weekend on reforms to unlock loans and Athens sounded an upbeat tone, but the lenders said it could take several more days before a proper list of measures was ready.The dollar rose broadly, helped ...

Markets - FXMM - Europe

Russia's rouble falls back on weaker oil and stronger dollar MOSCOW: The Russian rouble traded weaker early on Monday, eating into gains made in the past week, as lower oil prices and a stronger dollar weighed on the Russian currency.At 0733 GMT the rouble was around 1.1 percent weaker against the dollar at 58.57 and lost 0.7 percent to trade at 63.44 versus the euro.Brent crude oil, an important driver for all Russian assets, was trading 1 percent lower at around $55.80. The dollar was ...

Markets - FXMM - Europe

Sterling inches down vs broadly stronger dollar, eyes on BoE LONDON: Sterling inched down against a broadly stronger dollar on Friday but was higher against the euro with traders' eyes glued to speeches by Bank of England officials for more guidance on a cloudy policy outlook.Policymakers' output will be traditionally restrained over the next six weeks as Britain heads into a closely-fought general election that has driven the cost of hedging against volatility in the pound to its highest in almost four years.Analysts have been ...

Markets - FXMM - Europe

Gulf worries drive yen, Swiss franc higher against dollar LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies.News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran-allied forces in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf, dampened risk ...