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Last update: Sat, 01 Oct 2016 03pm

Europe

Markets - FXMM - Europe

Brexit worries drive sterling to six-week low against euro LONDON: Sterling slipped to a five-week low against the euro on Monday, as lingering worries over the economic impact of Britain's impending exit from the European Union weighed on the currency. The pound also traded close to a five-week low against the dollar at $1.2985, leaving it less than two cents away from the three-decade low below $1.28 it plumbed in the wake of June's Brexit vote. After hitting that low in July, sterling gained 5 percent versus the dollar by early September, as data showed the post-referendum economy holding up better than had been feared. But with parliament back from its summer recess, Brexit worries have come back into investors' radar and have dampened appetite for the currency. Against the euro, sterling fell as much as half a percent to 87.16 pence, its lowest since August 16 and close to the three-year low of 87.245 pence it touched on ...

Markets - FXMM - Europe

Yen gains after Kuroda sticks to negative rate script LONDON: The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.All eyes will be on the first U.S. presidential debate later, with the chances of a Donald Trump presidency, and the protectionist boost for the dollar many analysts think it might imply, moving to the front ...

Markets - FXMM - Europe

Russian rouble stable on tax payments support; stocks slide MOSCOW: The Russian rouble was stable early on Monday, supported by end-of-month tax payments, but Moscow-listed stocks slid on downbeat investor sentiment ahead of the first U.S. presidential debate.At 0737 GMT, the rouble was 0.1 percent weaker against the dollar at 64.15 and had lost 0.2 percent to trade at 72.07 versus the euro.Russian firms are due to pay the mineral extraction tax, value-added tax and excise tax payments on Monday. Such large tax payments ...

Markets - FXMM - Europe

Turkish lira weakens to 2.99 against dollar after Turkey cut to 'junk' ISTANBUL: The Turkish lira weakened to 2.99 against the dollar on Monday after ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy.At 0519 GMT, the lira stood at 2.9925 against the U.S. currency, weakening from 2.9550 on Friday evening before Moody's announced its decision late that night.The agency cut the government's long-term issuer and senior unsecured bond ...

Markets - FXMM - Europe

Brexit worries knock sterling back towards $1.30 LONDON: Sterling slipped back towards $1.30 on Friday, ending the week in much the same place as it started, with worries over Britain's exit from the European Union keeping pressure on the currency. The pound had jumped back over $1.31 on Thursday, after Bank of England policymaker Kristen Forbes said she saw no case for a further cut in interest rates, after the Bank slashed them to a record low of 0.25 percent last month.But ...

Markets - FXMM - Europe

Sterling recovers from five-week lows, eyes Carney's speech LONDON: Sterling rebounded from a five-week low against the dollar on Thursday, boosted by renewed weakness in the greenback after the Federal Reserve kept monetary policy steady and projected a less aggressive path for rate hikes in coming years.While the Fed strongly signalled it could tighten monetary policy by the end of the year, policymakers cut the number of rate increases they expect this year to one from two. That put pressure on the dollar ...

Markets - FXMM - Europe

Dollar mixed after Fed, BOJ messages LONDON: The dollar fell to its lowest in a week against the euro but recovered some ground against the yen on Thursday, after a U.S. Federal Reserve meeting that balanced hints of a rise in interest rates this year with cuts in the longer term outlook.On balance the Fed's message did not go as far as some in currency markets had expected towards outright promising a rise in borrowing costs by the end of the ...