Europe
Friday, 10 May 2013 21:43
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LONDON: Sterling rose to a near four-year high against a beleaguered yen on Friday, with the pound drawing support from a pick-up in activity in the British economy that has lessened the chances of more monetary easing in the near term.Data showed Britain's trade gap narrowed in March and capped a week when most economic numbers like industrial data and house prices surprised investors who were positioned for far worse outcomes.Attention now turns to next week's Quarterly Inflation Report where it is expected the Bank of England's monetary policy committee will note easing price pressures, the recent pick up in economic activity and possibly signal that further monetary easing is not imminent.That should help sterling in the near term, especially against the euro and the yen, traders said.Against the euro, sterling was flat at 84.40 pence , while against a broadly firmer dollar it was 0.3 percent lower on the ...
LONDON: The yen slid to its lowest since October 2008 against the dollar on Friday on signs Japanese investors were buying more foreign assets and as US data sparked talk the Federal Reserve may scale back monetary easing.The yen fell 1 percent to hit a four-and-a-half year low of 101.74 yen per US dollar on EBS trading platform.Traders said the yen extended falls after breaking through a reported options barrier at 101.50 yen and as ...
NEW YORK: The euro fell to its lowest against the US dollar in almost two weeks on Thursday amid broad-based strength in the dollar.The euro fell as low as $1.3009, its lowest since April 26. It last traded at $1.3014, down 1 percent on the day, according to Reuters data.<Center><b><i>Copyright Reuters, 2013</b></i><br></center> ...
NEW YORK: The US dollar topped 100 yen for the first time in more than four years on Thursday as Tokyo's aggressive stimulus efforts to reflate the Japanese economy continue to depress its currency.The dollar at 1410 GMT was trading at 100.67 yen, up from 99.01 late Wednesday and below 78 yen in late September 2012. The dollar last traded above 100 yen in April 2009. The sharp increase in the dollar versus the yen ...
LONDON: Sterling struggled to make significant gains against the dollar and the euro on Thursday with investors refraining from betting on further pound strength barring more evidence of the British economy recovering.The Band of England's Monetary Policy Committee was expected to keep interest rates unchanged at historic lows with no changes planned to its asset-buying programme when its decision is announced at 1100 GMT.Industrial and manufacturing output figures for March, due at 0830 GMT, will ...
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