08262016Fri
Last update: Fri, 26 Aug 2016 09am

Europe

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 rise this year took a knock from several batches of data and the tone taken by some Fed policymakers.The trigger for overnight weakness was a paper from San Francisco Fed President John Williams arguing that central banks might have to raise inflation targets, focus more on growth and back much looser fiscal policy in future.To market ears, that all added up to a strong argument for keeping rates unchanged for the foreseeable future and the ...

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 ...

Markets - FXMM - Europe

Dollar pinned down by easing Fed rate hike expectations LONDON: The dollar was softer on Monday, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike this year.The U.S. currency was 0.3 percent lower at 100.95 yen after losing 0.6 percent on Friday, when retail sales and producer prices came in weaker than expected. The euro was up 0.15 percent at $1.1172, having risen 0.2 percent on Friday.The dollar index was weaker at 95.62 after dropping to 95.254 ...

Markets - FXMM - Europe

Sterling steadies near 3 years 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 ...