01202017Fri
Last update: Fri, 20 Jan 2017 06am

Europe

Markets - FXMM - Europe

Sterling heads for best run of gains vs euro since early 2015 LONDON: Sterling steadied on Friday, on track for its best run of weekly gains against the euro since early 2015, with investors switching their primary focus from the political risks facing Britain as it exits the EU towards those facing the euro zone. Data confirming that Britain's economy grew 0.5 percent in the third quarter, as anticipated, and that business investment expanded more than expected, had little impact on the currency.Though the pound was down a touch against the single currency on Friday at 84.96 pence per euro, it was on course for a fourth straight week of gains and was heading for its best month in eight years with just over three trading days of November left.While still almost 10 percent weaker against the euro compared with before Britain's vote to exit the European Union, sterling has gained more than 5 percent since the start of November against a ...

Markets - FXMM - Europe

Dollar dips on US bond yields, Thanksgiving hangover LONDON: The dollar retreated against its major peers on Friday, a pullback in US bond yields spurring some profit-taking as the world's main currency headed for its best run in almost two years. Expectations of rises in US inflation and interest rates have driven the greenback to a more than 6 percent gain over October and November, its strongest showing over a similar period since early 2015. Most currency players expect the gains to continue, ...

Markets - FXMM - Europe

GLOBAL MARKETS-Dollar pulls back after skittling world currencies LONDON: The dollar surged to a near 14-year high before pulling back on Thursday, clocking up records against a range of other top world currencies and skittling emerging markets. Stronger data from the world's biggest economy and thinner volumes on the US Thanksgiving holiday underpinned the dollar's gains.The dollar had eased off highs by midday after pushing its way past more of last year's peaks against the euro to reach $1.0515, with only the March ...

Markets - FXMM - Europe

Dollar steadies after pre-Thanksgiving breakout LONDON: The dollar steadied after breaking past more of last year's peaks against the euro on Thursday, with only the March 2015 high of $1.0457 standing in the way of a push towards parity that banks are again saying is on the cards. With US markets out for the Thanksgiving holiday, trade was already thinning out after the dollar set a series of new landmarks in early trade in Europe, extending its surge after another ...

Markets - FXMM - Europe

Dollar surges on after durable data boost LONDON: The dollar climbed past more of last year's peaks against the euro on Thursday, with only the March 2015 high of $1.0457 standing in the way of a push towards parity that banks are again saying is on the cards.With U.S. markets out for the Thanksgiving holiday, trade is expected to be thinner, and the dollar set a series of new landmarks in early trade in Europe, extending its surge after another strong batch ...

Markets - FXMM - Europe

Budget drives sterling higher vs struggling euro LONDON: Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come. At the heart of the sterling rally was a rocketing of long-dated gilt yields after finance minister Philip Hammond ramped up his forecasts for government borrowing to the tune of an extra 122 ...

Markets - FXMM - Europe

Trumped-up dollar steadies, offshore yuan hits record low LONDON: The dollar steadied near a recent peak on Wednesday, taking a breather ahead of the US Thanksgiving holiday after surging on expectations that a Donald Trump administration will boost growth and inflation, pushing up US interest rates. The dollar index - which tracks the greenback against six major currencies - has climbed over 3 percent since Trump's victory two weeks ago, but has edged slightly lower this week after reaching its highest levels since ...