05242016Tue
Last update: Tue, 24 May 2016 06pm

Europe

Markets - FXMM - Europe

Yen hits 18-month high vs dollar as Japan seen in policy bind LONDON: The yen touched a fresh 18-month high against the greenback early on Monday after its biggest weekly gain in more than seven years, as traders bet that Tokyo policymakers have limited capacity to stem the yen's gains.The dollar touched a new low of 106.14 yen at the start of Asian trade and steadied only marginally by the start of a European session thinned out by a holiday in London.Finance Minister Taro Aso was quoted in Japanese media over the weekend as viewing the yen's strength as "extremely concerning". But after the Bank of Japan did not deliver on reports it would launch a new programme of stimulus last week, traders and analysts said the bias for the yen continued to be upward."Its curious that we're now seeing verbal intervention again," said Thu Lan Nguyen, a strategist with Commerzbank in Frankfurt. "One can only imagine that they did not want ...

Markets - FXMM - Europe

Dollar steadies after record slide vs yen LONDON: The dollar recovered slightly on Monday from its biggest weekly fall in more than seven years against the yen, while losing ground against a euro helped by solid set of manufacturing numbers from Germany.Worries over Japanese policymakers' inability to stem the yen's rise prodded the dollar to a new low of 106.14 yen in the first hours of Asian trade, before a recovery to 106.64, 0.2 percent down on the day.Finance Minister Taro Aso ...

Markets - FXMM - Europe

Zloty eases after PMI drops below forecasts BUDAPEST: The Polish zloty led a weakening of most Central European currencies on Monday after Poland and the Czech Republic released weaker than expected manufacturing figures.Analysts said the risk of a slowdown in economic activity and a rise in budget deficits was growing in the region, while inflation remains persistently low.The zloty eased 0.2 percent by 0819 GMT to 4.3816 against the euro.Poland's April manufacturing Purchasing Managers' Index (PMI) was 51, below analysts' forecast of ...

Markets - FXMM - Europe

Sterling resumes rally, climbs towards 12-week high LONDON: Sterling climbed versus the dollar on Thursday, returning towards 12-week highs against a US currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain's European Union membership edging into the lead in the run-up to a June 23 referendum on the issue, despite an intervention on the "In" ...

Markets - FXMM - Europe

Russian rouble flat after oil-fuelled gains, Fed news awaited MOSCOW: The Russian rouble was flat against the dollar on Wednesday ahead of a U.S. Federal Reserve statement that will be scrutinised for clues about U.S. monetary policy after jumping late on Tuesday when the oil price hit a 2016 high.At 0730 GMT, the rouble was unchanged against the dollar at 65.19 and had slipped 0.2 percent to 73.86 versus the euro.The rouble strengthened against the dollar and the euro on Tuesday evening when the ...

Markets - FXMM - Europe

Sterling firm near 12-week high, awaits UK GDP reading LONDON: Sterling traded near a 12-week high against the dollar on Wednesday as expectations grew that Britain would vote to remain in the European Union.A preliminary report on first-quarter economic growth due at 0830 GMT could also move the pound. A Reuters poll predicted the report would show the economy grew 0.4 percent in the first quarter and 2 percent annually. Missing the forecast could cause the pound give up some of its recent gains."While ...

Markets - FXMM - Europe

Dollar quiet as markets wait for Yellen, Aussie plunges LONDON: The dollar inched down on Wednesday as investors waited for a statement from the U.S. Federal Reserve, while the Australian dollar plunged almost 2 percent after worse-than-expected inflation data.Having risen to a three-week high against the yen late last week on talk that the Bank of Japan could ease policy further this week, the greenback was steady at 111.06 yen, with the BOJ due to release its statement just hours after the Fed.Markets consider ...