02072016Sun
Last update: Sun, 07 Feb 2016 08am

Europe

Markets - FXMM - Europe

Yen and euro give up gains as oil slide stops LONDON: The safe-haven yen and the low-yielding euro halted their rise on Tuesday, as stock markets and oil prices recovered, providing some relief to battered commodity-linked and oil-related currencies such as the Australian and Canadian dollars.The dollar index was flat, with investors cautious before the outcome of the Federal Reserve's two-day policy meeting beginning later in the day.Investors will be parsing the U.S central bank's message to determine what, if any, effect volatile global markets, plummeting oil prices and heightened fears of a Chinese slowdown will have on the Fed's previously stated intentions to continue raising rates this year.U.S. interest rate futures implied that traders put the chance of a Fed rate hike this week at just 13 percent. Over the year, markets are pricing in one rate hike, compared to the Fed's rate path, which factors in at least four rises.The dollar was flat against the yen at 118.35 ...

Markets - FXMM - Europe

Rouble continues retreat as oil slides back below $30 MOSCOW: The Russian rouble fell back heavily on Tuesday, dragged down by the oil price which has resumed its slide below $30 per barrel after a rally at the end of last week.At 0730 GMT, the rouble was 2.1 percent weaker against the dollar at 81.84 and had lost 2.2 percent to 88.97 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 2.9 percent at $29.62 a barrel.The rouble had ...

Markets - FXMM - Europe

Sterling weighed down by rates and Brexit uncertainty LONDON: Sterling edged down against a basket of currencies on Monday, as investors focused on the risks to the UK economy of a potential "Brexit" from Europe and the prospect of interest rates remaining at their record lows until 2017.The pound has lost 6 percent in as many weeks against the dollar as a slew of weak domestic data and worries over global growth have pushed back expectations for when the Bank of England starts ...

Markets - FXMM - Europe

Turkish lira eases with emerging markets, eyes inflation report ISTANBUL: The Turkish lira drifted lower on Monday as investors trod cautiously ahead of Tuesday's central bank inflation report, and risk appetite waned anew as oil prices tumbled again.The lira stood at 3.0116 against the dollar at 1133 GMT, just firmer than 3.0130 in late Friday afternoon trade, but off a high of 2.9998 overnight. It hit an all-time low of 3.0750 against the U.S. currency in September.A senior adviser to Turkish President Tayyip Erdogan ...

Markets - FXMM - Europe

Oil currencies dip, euro and yen gain LONDON: The dollar edged down on Monday as renewed selling on oil markets drove investors into their safe havens of choice, the euro and yen, and weakened the currencies of major crude exporters.After an upbeat session in Asia, stock markets quickly turned negative in Europe and oil fell almost 3 percent, driving roughly half-percent falls in the Canadian dollar and Norwegian crown.The oil price fall turned investors' focus back onto the broadly negative view of ...

Markets - FXMM - Europe

Russian ruble bounces back after oil price rise MOSCOW: Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped to an all-time low against the dollar.The Russian currency stood at 80.28 against the dollar, up from Thursday's 82.63 ruble to the greenback, as oil prices rose from 12-year lows. The country's RTS dollar-denominated index meanwhile was up 5.67 percent at 0720 GMT.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Europe

Rouble hits new low, Kremlin denies currency collapse MOSCOW: The rouble maintained its slide through record lows on Thursday, threatening more hardship for ordinary Russians and prompting some to stock up on dollars as the Kremlin denied the currency was collapsing. Central bank governor Elvira Nabiullina cancelled a visit to the World Economic Forum meeting in the Swiss resort of Davos as the currency, squeezed by Western sanctions and the collapse in the value of Russia's oil exports, chalked up one of its ...