05252016Wed
Last update: Wed, 25 May 2016 09pm

Europe

Markets - FXMM - Europe

Dollar hits three-week high on revived Fed rate hike expectations LONDON: The dollar rose to a three-week high against the euro and a basket of currencies on Wednesday on renewed expectations that the Federal Reserve could raise interest rates soon.U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline prices and rents rose, while other data showed housing starts and industrial production rebounded strongly, adding to the case for an early rate hike.U.S. interest rate futures moved to price in a 70-80 percent chance of a rate hike by December, with a 50 percent chance of a move priced in by September. The chance of a hike in June was at around 12 percent, up from around 5 percent before the inflation data was released.The two-year U.S. Treasury notes yield hit a three-week high of 0.847 percent.Furthermore, Atlanta Fed President Dennis Lockhart, viewed as a centrist on the Federal Reserve board, said he still ...

Markets - FXMM - Europe

Sterling hits 2-1/2-week high as ‘In’ camp leads in Brexit poll LONDON: Sterling hit a 2-1/2-week high against the euro on Wednesday after a poll showed the "In" campaign clearly in the lead ahead of the June 23 referendum on Britain's European Union membership.Worries that Britons could vote to leave the EU have weighed on the pound since late last year. Most economists reckon Brexit, as leaving the EU is known, would deal a blow to Britain's economy, and drive down the currency further.The latest poll, ...

Markets - FXMM - Europe

Rouble retreats on Fed rate hike expectations MOSCOW: The Russian rouble fell back on Wednesday as revived expectations of a rise in U.S. interest rates in the near future boosted the dollar and weakened global risk appetite.At 0810 GMT, the rouble was 0.7 percent weaker against the dollar at 65.14 and had lost 0.2 percent to 73.35 versus the euro.The dollar has rallied globally after U.S. economic data strengthened the case for the U.S. Federal Reserve to raise interest rates soon.The rouble ...

Markets - FXMM - Europe

Sterling hits 2-1/2-week high as poll eases Brexit fears LONDON: Sterling hit a 2-1/2-week high against the euro on Wednesday after a poll showed the "In" campaign clearly in the lead ahead of the June 23 referendum on Britain's European Union membership.Mixed data showing the employment rate in Britain at a record high but earnings excluding bonuses growing more slowly than expected nudged the pound down a little against a broadly stronger dollar, but it stayed up against the euro.By 0900 GMT sterling was ...

Markets - FXMM - Europe

Dinar firms as rates stay on hold, zloty off 4-week high BUDAPEST: The dinar firmed on Tuesday, outpacing other Central European currencies as Serbia's central bank kept rates steady at its latest meeting, eyeing anticipated Federal Reserve rate hikes.The bank said inflation pressures remained low but a rise in US interest rates had reduced investors' interest in assets in emerging markets including Serbia.The dinar gained 0.1 percent to 122.53 against the euro by 1314 GMT.Some dealers and analysts in a Reuters poll had projected that the ...

Markets - FXMM - Europe

Naira near record low in NDF market; oil buoys emerging stocks LONDON: Nigeria's naira traded just off record lows versus the dollar in the non-deliverable forwards market on Tuesday, with markets betting that a devaluation to tackle a spiralling economic crisis was only a matter of time.The weakness contrasts with an uptick in general emerging markets sentiment and a rise in oil prices to almost $50 a barrel, which drove MSCI's emerging equity index higher for the second day in a row, with 0.7 percent gains.Most ...

Markets - FXMM - Europe

Stronger risk appetite, intervention talk drives down yen LONDON: The yen hit a 2-1/2-week low on Tuesday as a move up in oil prices boosted risk appetite, and as investors worried that after giving several warnings, Japanese officials would intervene to weaken the yen.The Japanese currency has fallen around 3.5 percent against the dollar since hitting an 18-month high two weeks ago, with policymakers stepping up talk that they are watching the yen's movements and will step in to weaken it if necessary.It ...