Europe
Tuesday, 27 December 2011 13:54
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LONDON: The Swiss franc traded within a tight range against the euro and dollar in a quiet market on Tuesday, although US data later in the session could weigh on the Swiss currency if it surprises on the upside, fanning investors' risk appetite.
The franc was flat versus the euro at 1.2219 francs , while edging marginally higher against the dollar to 0.9347 francs.
Market players said US consumer confidence figures December due at 1500 GMT may prompt some trading, but overall they expected little movement in the franc given that many market participants were on still on extended holidays after Christmas.
"Consumer confidence could be another set of data that is rather good for the US, and risk on may be a little bit negative for the Swiss," said Antje Praefcke, a currency strategist at Commerzbank.
"Euro/Swiss could rise in the afternoon if people really want to trade something."
The euro, perceived as a ...
ISTANBUL: The Turkish lira strengthened slightly against the dollar on Tuesday, a day after the central bank said it would sell a maximum $50 million in its daily forex auctions, and bond yields declined in early over-the-counter trade while investors awaited the central bank's policy announcement for next year.
Turkish Central Bank Governor Erdem Basci is due to announce at 0800 GMT the bank's monetary and exchange rate policy for next year. The bank is expected ...
MOSCOW: The Russian rouble strengthened at Tuesday's open as oil prices rose, while stock indexes inched down in thin trade as investors sought to minimise risk as the year-end nears.
By 0707 GMT, the rouble added 0.2 percent to 31.08 against the dollar after briefly touching 31.00, its strongest since Dec. 6.
Versus the euro, the rouble was stable at 40.64 and firmed 0.2 percent to 35.38 versus the euro-dollar basket, remaining in the range of 34.70-35.70 ...
ISTANBUL: The Turkish lira recovered slightly versus the dollar on Monday following early losses after the central bank said it would sell a maximum $50 million in its daily forex auctions, while markets were focused on the bank's policy statement for next year.
Shares rose and bond yields closed up 8 basis points in very thin trading volumes.
The central bank said on Monday it will sell a maximum amount of $1.35 billion in daily forex ...
ISTANBUL: The Turkish lira extended losses versus the dollar on Friday after the central bank sold a lower-than-expected amount of dollars in an auction while shares rose following the recovery of global risk sentiment after positive US data.
The Turkish Central Bank sold just $50 million in its forex-selling auction on Friday, lower than the original amount of $1.35 billion it announced as maximum in the morning.
After the announcement the lira weakened as far as 1.8905 ...
MOSCOW: The Russian rouble firmed at Friday's open, retaining support from month-end tax payments, and stocks indexes inched higher before the central bank interest rate meeting.
The central bank is expected to leave key interest rates unchanged and is expected to start easing monetary policy in the first quarter to prop up the economic growth.
The market is unlikely to react to an 'on-hold' decision, which is already priced in.
By 0626 GMT, the rouble firmed 0.2 ...
ZURICH: The Swiss franc rose against the dollar on Thursday as it tracked the euro higher on renewed demand for riskier assets as European stocks rose in early trade.
The franc has been moving largely in tandem with the euro against the dollar after the Swiss National Bank capped the soaring safe-haven unit at 1.20 per euro, to shield the economy from recession and potential deflation.
The SNB expects growth of just 0.5 percent next year ...
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