05022016Mon
Last update: Mon, 02 May 2016 05pm

Europe

Markets - FXMM - Europe

Sterling hedging cost drops as bets on Brexit ebb LONDON: The cost of hedging against volatility in sterling over the next three months fell by the most in a year on Monday, as investors' bets on Brexit ebbed after the U.S. president voiced his support for Britain remaining in the European Union.President Barack Obama said on Sunday that Britain might have to wait a decade for a free trade deal with the United States if it votes in June to leave the European Union, adding to his warning on Friday that Britain would find itself at "the back of the queue" for a new trade agreement if it departed the EU.Data from betting website Betfair showed the chances of Britain staying in the EU surged on Monday to their highest since September last year, with the chances of a Brexit falling to around 27 percent, down from 37 percent this time last week.Three-implied sterling/dollar volatility, derived from options that ...

Markets - FXMM - Europe

Zloty hits 2-month low on concerns over rating, Fed BUDAPEST/BELGRADE: The zloty, battered by worries that Poland may face credit rating downgrades, led a fall of Central European currencies as the Federal Reserve's upcoming meeting weighed on risk appetite.The dinar, resisting the pressure, steadied after Serbia's Prime Minister Aleksandar Vucic got strong voter backing in Sunday's elections.The zloty hit a two-month low at 4.414, shedding 3.5 percent since last Thursday and one percent from Friday's close, breaking a key support level at 4.4."It really ...

Markets - FXMM - Europe

Sterling near 6-week highs vs euro as odds move against Brexit LONDON: Sterling traded near a six-week high against the euro on Monday, buoyed by growing expectations that Britons would vote to stay in the European Union after US President Barack Obama waded into the debate. Sterling rose 0.1 percent against the dollar to $1.4413 and hit a six-week high against the euro of 77.52 pence per euro in early Asian trade.Last week, the pound posted its best week against the single currency since early March ...

Markets - FXMM - Europe

Rouble retreats with oil MOSCOW: The Russian rouble fell back on Monday, retreating with the oil price which failed to hold above $45 per barrel after rallying last week. At 0745 GMT, the rouble was 0.4 percent weaker against the dollar at 66.74 and had lost 0.5 percent to 75.08 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.9 percent at $44.7 a barrel, as traders cashed in on last week's rally.The rouble ...

Markets - FXMM - Europe

Sterling heads for strongest week since March 4 LONDON: Sterling was set to rack up its best week since early March on Friday, helped by a handful of polls that have showed solid support for Britain to remain in the EU in June's referendum as US President Barack Obama also weighed into the debate. A poor batch of UK retail sales numbers had put some pressure on the pound on Thursday, pointing again to a weakening of economic activity as firms and consumers ...

Markets - FXMM - Europe

Yen sinks on potential for Bank of Japan stimulus expansion LONDON: The yen skidded by more than 1 percent to a 2-1/2-week low against the dollar on Friday after a report said that the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further. The BoJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported on its website. ...

Markets - FXMM - Europe

Serbian assets up before election, zloty hits eight-week low BUDAPEST/BELGRADE: Serbian stocks and the dinar gained on Friday, amid expectations Sunday's elections will keep a reform-minded government in power.Other Central European assets fell, with the zloty plunging to an eight-week low against the euro.The dinar rose 0.1 percent against the euro to 122.82 by 1115 GMT. With a 1.1 percent loss since 2015, it remains the second worst-performing currency in the region this year, after Poland's zloty.The Serbian central bank, which has the highest ...