04302016Sat
Last update: Sat, 30 Apr 2016 08am

Europe

Markets - FXMM - Europe

Euro climbs, focus on policy signals from Draghi LONDON: The euro rose to the day's high against the dollar on Thursday after the European Central Bank held interest rates unchanged at record lows, as expected, with the focus now turning to President Mario Draghi's press conference.Draghi is likely to drive home the case for ultra-loose monetary policy, but any hint that current policy settings are appropriate for the time being could see the euro rise towards $1.15, a level seen last in October last year."It will be interesting to see whether Draghi reverts back to old tricks and tries to talk down the euro in the absence of being able to actually use policy tools in order to drive it lower," said Craig Erlam, senior analyst at OANDA, a currency broker.Last month, while the ECB delivered aggressive easing measures, the euro rallied after Draghi said there was probably no need for more rate cuts if the latest stimulus ...

Markets - FXMM - Europe

Swedish crown hits 13-month high vs euro after Riksbank holds rates LONDON: The Swedish crown hit its highest in more than a year against the euro on Thursday, after the Swedish central bank kept interest rates unchanged, as expected, and announced more asset purchases. But deputy governor Cecilia Skingsley entered a reservation against more quantitative easing while the Riksbank saw the repo rate averaging -0.51 percent in the second quarter, slightly higher than the previous forecast of -0.52 percent.The crown rose 0.5 percent to hit 9.1150 ...

Markets - FXMM - Europe

Sterling at 3-week high vs euro as support for ‘In’ camp rises LONDON: Sterling hit a three-week high against the euro on Wednesday, after a polls showed support for Britain remaining in the European Union rising before a June referendum.An Ipsos MORI poll published in the Evening Standard newspaper gave the "In" camp 49 percent, 10 points ahead of "Out" voters. The previous Ipsos MORI survey from March showed "In" ahead by eight points.Earlier in the day, a TNS opinion poll followed the same pattern.Sterling rose to ...

Markets - FXMM - Europe

Sterling slips after UK unemployment rises first time since mid-2015 LONDON: Sterling dipped on Wednesday after data showed the number of unemployed in Britain rising while wage growth fell short of expectations, adding to a view that recent growth in the labour market was easing off.The subdued jobs and wages report soured the outlook for the economy at a time when investors are cautious given the risks from a vote on whether Britain wants to stay in the European Union or not.The referendum is on ...

Markets - FXMM - Europe

Sterling slips after UK unemployment rises first time since mid-2015 LONDON: Sterling dipped on Wednesday after data showed the number of unemployed in Britain rising while wage growth fell short of expectations, adding to a view that recent growth in the labour market was easing off.The subdued jobs and wages report soured the outlook for the economy at a time when investors are cautious given the risks from a vote on whether Britain wants to stay in the European Union or not.The referendum is on ...

Markets - FXMM - Europe

Commodity currencies climb as stock markets rise LONDON: Commodity-linked currencies such as the Australian and Canadian dollars inched towards recent peaks on Wednesday as stock markets in Europe rose, boosting appetite for riskier assets and currencies.European stock markets bounced after starting the day in the red and U.S. stock futures pointed to gains on Wall Street. Also, with iron ore prices hitting 10-month highs, the Australian dollar rose back towards highs last seen in June last year. It was last trading 0.1 ...

Markets - FXMM - Europe

Rouble weakens on lower oil, taxes tame losses MOSCOW: The Russian rouble weakened on Wednesday on lower crude prices, but losses were tamed by increased demand for the Russian currency due to monthly tax payments. At 0730 GMT, the rouble was 0.3 percent weaker against the dollar at 66.06 and had lost 0.2 percent to trade at 75.04 versus the euro. Brent crude oil, a global benchmark for Russia's main export, was down 2.3 percent at $43.02 a barrel after Kuwaiti oil workers ...