08242016Wed
Last update: Wed, 24 Aug 2016 06pm

Europe

Markets - FXMM - Europe

Assets retreat with world markets despite Czech GDP surprise BUDAPEST/ZAGREB: The forint and the zloty retreated on Tuesday alongside worldwide stock markets, while the euro strengthened.Friday's robust second-quarter economic output figures from Central European states had helped the Hungarian and the Polish currencies, the region's most liquid, rise to four-month highs.Sentiment turned on Tuesday ahead of a batch of US economic data.The figures and hawkish comments from New York Federal Reserve President William Dudley helped the dollar rebound from an 8-week low against the euro, but the European single currency remained strong.It also gained 0.1 percent against the zloty and 0.2 percent versus the forint by 1335 GMT.The rally of Central European units fizzled out despite Czech figures confirming that its economic growth outpaced the euro zone, expanding 2.5 percent annually in the second quarter, down from 3 percent in the first quarter, but above analysts' forecasts of 2.3 percent."The euro firms against the dollar, euro assets are bought ...

Markets - FXMM - Europe

Sterling boosted by above-forecast UK inflation data LONDON: Sterling slightly strengthened on Tuesday, rising from three-year lows against the euro and pulling further away from a five-week trough against the dollar, after slightly higher than expected inflation data.Consumer price rises gathered speed, up 0.6 percent in July compared with a year earlier, their biggest rise since the end of 2014. Economists in a Reuters poll had expected a 0.5 percent rise.And factory gate prices rose at their fastest pace in over two ...

Markets - FXMM - Europe

Dollar sinks to 7-week lows vs yen on Williams comments LONDON: The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June as traders reined in U.S. interest rate hike bets following dovish comments from a Federal Reserve policymaker.The greenback also fell another 1 percent against the commodity-linked currencies most associated with growth and greater risk-taking by investors worldwide.The dollar has been under pressure for the past week as the perceived chances of a U.S. rate ...

Markets - FXMM - Europe

Sterling index at 6-1/2-year low as markets eye inflation data LONDON: Sterling hit a 6-1/2-year low against a basket of currencies on Tuesday, as traders awaited inflation data to see the impact of a weaker currency on domestic prices after June's shock vote to leave the European Union. Economists expect headline consumer price inflation for July to show a reading of -0.1 percent month-on-month, down from 0.2 percent in June. For the year, inflation is expected unchanged at 0.5 percent. Core inflation, which strips out ...

Markets - FXMM - Europe

Sterling nears post-Brexit lows vs dollar, eyes on data LONDON: Currency traders kept the pressure on sterling on Monday at the start of a week packed full of the first round of hard national data on consumer and corporate reaction to June's vote for Britain to leave the European Union. After a steadier opening in London, the arrival of US investors saw the pound sink more than half a percent to trade weaker than 87 pence per euro for the first time in three ...

Markets - FXMM - Europe

Russian rouble stronger on oil prices, tax support MOSCOW: The Russian rouble was stronger on Monday, helped by oil prices hitting a three-week high and by the start of the end-of-month tax period.At 0725 GMT, the rouble was 1 percent stronger against the dollar at 64.12 and had gained 0.9 percent to trade at 71.61 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 1.1 percent at around $47.5 a barrel.It hit a three-week high as speculation built ...

Markets - FXMM - Europe

Sterling steadies near 3-year low vs euro, eyes on post-Brexit data LONDON: Currency traders kept the pressure on sterling on Monday at the start of a week packed full of the first round of hard national data on consumer and corporate reaction to June's vote for Britain to leave the European Union.The pound steadied after extending last week's fall to a three-year low against the euro in early trade in Asia, down 0.1 percent on the day at 86.40 pence compared to the low of 86.54 ...