12032016Sat
Last update: Sat, 03 Dec 2016 10pm

Europe

Markets - FXMM - Europe

Czech crown falls to four-month low against euro PRAGUE: The Czech crown fell more than 0.2 percent against the euro on Friday, hitting its weakest level since early July as it came under pressure along with other central European currencies. The crown currency traded at 27.09 to the euro at 0839 GMT, just off a daily low of 27.112. The weakening took the crown out of its tight range near the central bank's crown commitment level of 27 to the euro that it maintains as part of an intervention regime to keep the currency weak. The bank allows the crown to float freely on the weak side of the commitment level. Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Sterling hits above $1.26 for first time in five weeks LONDON: The pound hit above $1.26 for the first time in five weeks on Friday, on track for its best fortnightly performance in eight years as investors focused on risky political events in the euro zone and businessman Donald Trump's US presidential victory. Sterling built on gains against the euro after surging to a six-week high on Thursday as investors unwound short positions against the pound ahead of an Italian constitutional referendum in December with ...

Markets - FXMM - Europe

Dollar heads for best week in a year LONDON: The dollar was on course for its best week in a year on Friday, racking up another round of gains against the Chinese yuan and Mexican peso and steadying just off the previous day's highs against the euro and yen. Expectations of rising US inflation if President-elect Donald Trump delivers on promises to boost public spending and put barriers on cheap imports have driven Treasury yields higher and boosted the dollar since his victory ...

Markets - FXMM - Europe

Currencies, bonds fall on risk of Fed rate hikes under Trump BUDAPEST: Central European currencies traded near multi-month lows and government bonds eased on Friday due to concern that US interest rates could surge under the presidency of Donald Trump.Growth and EU membership keeps the region less vulnerable than other emerging economies, but a rise in US rates could make its government bonds relatively less attractive.Investors digesting Trump's victory initially focused on his vows to boost the US economy but attention has turned towards a resulting ...

Markets - FXMM - Europe

Rouble recovers on calmer EM trading, looming tax period MOSCOW: The Russian rouble opened higher on Friday, recovering from heavy losses in the previous session caused by increased demand for the US dollar on many developing markets. At 0721 GMT, the rouble was 0.56 percent stronger against the dollar at 65.09 and had gained 0.32 percent to trade at 71.06 versus the euro.Most emerging markets currencies weakened on Thursday after the dollar firmed on growing expectations that the economic policy of the US President-elect ...

Markets - FXMM - Europe

Sterling inches higher as dealers weigh Trump fallout LONDON: Sterling gained ground against both the dollar and the euro on Thursday as markets sifted through the potential global implications of Donald Trump's surprise victory in the U.S. presidential election.The pound's troubles have been the main currency story on developed markets since June and the dominant view among banks and investors remains that it will fall further in the months ahead.But the uncertainty generated by Trump's victory after a campaign that included a wide ...

Markets - FXMM - Europe

Russian rouble, stocks slide as Trump's victory chances grow MOSCOW: The Russian rouble weakened and stocks fell in early trade on Wednesday, hurt by rising risk aversion as Republican candidate Donald Trump closed in on the U.S. presidency.At 0713 GMT, the rouble was 0.4 percent weaker against the dollar at 63.98 and had lost 2 percent to trade at 71.64 versus the euro on the Moscow Exchange.On the interbank market, the rouble's reaction was sharper still as it briefly hit 64.85 against the dollar, ...