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

Europe

Markets - FXMM - Europe

Dollar struggles for traction as all eyes fix on Fed LONDON: The dollar struggled to gain traction on Wednesday as investors awaited the outcome of a Federal Reserve meeting for clues on whether bets on a single U.S. interest rate rise in 2016 are justified.With investors largely in wait-and-see mode before the Fed, Australia's dollar was the biggest mover, hitting a three-week high after a measure of domestic inflation came in slightly higher than expected.Most markets were choppy, with Asian bourses closing up on the day but European stock markets falling alongside oil prices. Though the Aussie was up around 0.6 percent against its U.S. counterpart, other currencies seen as risky struggled.The Swiss franc fell to its lowest level since the Swiss National Bank removed the cap on its currency just over a year ago, trading at 1.1063 francs per euro. Analysts said 1.10 francs had been an important level for the currency to break through."It's difficult to commit to ...

Markets - FXMM - Europe

Russian rouble flat; exporter forex sales counter falling oil MOSCOW: The Russian rouble recovered on Wednesday afternoon, reversing earlier losses to trade little changed on the day as exporter forex sales countered pressure from falling oil prices.At 1315 GMT, the rouble was 0.1 percent stronger against the dollar at 78.24 but had lost 0.2 percent to trade at 85.19 versus the euro.Brent crude oil, a benchmark for Russia's main export and a crucial driver for Russian assets, was down 1.2 percent at $31.4 a ...

Markets - FXMM - Europe

Dollar steadies as traders eye Fed for interest rate clues LONDON: The dollar struggled to gain traction on Wednesday, with investors awaiting the outcome of a Federal Reserve meeting for clues whether bets on a single U.S. interest rate rise in 2016 are justified.Australia's dollar meanwhile hit a three-week high after one measure of domestic inflation came in slightly higher than expected, and as less jittery global markets gave a small boost to appetite for riskier currencies.But Wednesday's main focus will be on the statement ...

Markets - FXMM - Europe

Russian rouble falls back with oil MOSCOW: The Russian rouble opened weaker on Wednesday, tracking a fall in oil prices after strong gains on Tuesday.At 0740 GMT, the rouble was 1.3 percent weaker against the dollar at 79.30 and had lost 1.4 percent to trade at 86.03 versus the euro.Oil, Russia's main export, remains the main driver of the rouble's performance, analysts said. Crude oil futures declined on Wednesday, heading back towards $30 a barrel."Again, the rouble literally remains an 'oil ...

Markets - FXMM - Europe

Zloty recovers on crude rebound, Hungary holds rates BUDAPEST/WARSAW: The zloty and Central European equities reversed a fall on Tuesday as a rebound of crude prices curbed risk aversion in global markets.The zloty, trading at 4.463 against the euro at 1505 GMT, was 0.1 percent firmer from Monday after an earlier fall to 4.501, near the 4-year lows hit last week.It also rebounded from a 2-and-1/2-year low against the forint which traded 0.1 percent weaker against the euro after the Hungarian central bank ...

Markets - FXMM - Europe

Moody's warning deepens zloty fall, Hungary seen holding rates BUDAPEST/WARSAW: Central European currencies and equities fell on Tuesday as a global rise in risk aversion amid a renewed crude price fall and a Moody's warning over Warsaw's budget overshadowed strong Polish output figures.The decline ended a rebound in the European Union's emerging markets, which started after the European Central Bank hinted on Thursday at more monetary easing to come in the euro zone.The zloty shed 0.7 percent against the euro by 0925 GMT to ...

Markets - FXMM - Europe

Sterling slips back as oil and stocks fall LONDON: Sterling fell back towards 7-year lows against the dollar on Tuesday, hit by a continuation of a slide on oil and stock markets that has added to concerns that Britain could vote to quit the European Union.The pound appeared to gain a foothold at the end of last week, but with expectations of a rise in Bank of England interest rates this year having collapsed, it is still close to its weakest level in ...