12032016Sat
Last update: Sat, 03 Dec 2016 05am

Europe

Markets - FXMM - Europe

Dollar inches lower, all eyes on US voting LONDON: The dollar inched lower ahead of voting in the US presidential election on Tuesday, a sign of last-minute nerves over the chances of a victory for Donald Trump that traders and analysts say would knock several percent off the greenback's value. On Monday, markets had turned away from the Trump-driven "risk-off" plays that have knocked the dollar in the past week as odds on a victory for Democratic candidate Hillary Clinton hardened, helped by an all-clear in an FBI investigation of her use of personal email while serving as secretary of state.A Trump victory would come as a shock, as the market is pricing in less than a 30 percent chance of that happening. But investors are mindful of the precedent of Britain's referendum on EU membership in June, which confounded the polls by delivering a shock vote for Brexit. More broadly, a Trump victory is expected to drive ...

Markets - FXMM - Europe

Sterling up with UK data in back seat to US elections LONDON: Sterling rose against the dollar in nervous trade on Tuesday as Hillary Clinton and Donald Trump approached the finishing line in a tight US presidential election race. Last minute jitters over the vote overshadowed British industrial output data that showed an unexpected fall in September, while manufacturing growth picked up.The pound was up to $1.2413, regaining some of the ground it lost on Monday, when the dollar surged on growing expectations of a victory ...

Markets - FXMM - Europe

Dollar jumps after Clinton gets eleventh-hour election boost LONDON: The dollar jumped on Monday as news that Hillary Clinton would not face criminal charges related to her use of a private e-mail server gave the U.S. presidential contender an eleventh hour boost before the Nov. 8 election.Clinton has been on the defensive for 10 days since the FBI said it was looking at another large batch of emails, strengthening the chances of a victory for her opponent Donald Trump that would send a ...

Markets - FXMM - Europe

Sterling falls more than 1 percent against resurgent dollar LONDON: Sterling fell more than 1 percent on Monday against a resurgent dollar, which rebounded on news that Hillary Clinton would not face criminal charges over her private e-mail server, boosting her chances on the eve of the U.S. presidential vote.The pound was down 1.04 percent to $1.2390, reversing its best weekly gains since 2009 against the greenback on Friday when worries eased that Britain would undergo a "hard" exit from the European Union and ...

Markets - FXMM - Europe

Russian rouble slips vs dollar on Clinton campaign boost MOSCOW: The Russian rouble fell against the dollar early on Monday but was little changed against the euro, as the U.S. currency was lifted by news presidential candidate Hillary Clinton would not face criminal charges over her use of a private e-mail server.At 0730 GMT, the rouble was 0.6 percent weaker against the dollar at 63.94 and had lost less than 0.1 percent to trade at 70.72 versus the euro.The dollar index, which tracks the ...

Markets - FXMM - Europe

Sterling enjoys best week since 2009 as ‘hard Brexit’ fears ease LONDON: The pound rose almost a cent on Friday to register its best week against the dollar since October 2009, as worries eased that Britain would undergo a "hard" exit from the European Union and lose its access to the single market.The battered pound has clawed back almost 3 percent this week, rising on a ruling from England's High Court on Thursday that the government needed parliamentary approval to start the Brexit process. Investors are ...

Markets - FXMM - Europe

Turkish lira real effective exchange rate falls to 98.51 in October ANKARA: The consumer price index-based real effective exchange rate of the Turkish lira fell to 98.51 in October from a revised 99.82 in September, central bank data showed on Friday. The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners. In September 2015, the rate had hit its lowest level since January 2003. Copyright Reuters, 2016 ...