09262016Mon
Last update: Mon, 26 Sep 2016 06am

Europe

Markets - FXMM - Europe

Poland's zloty falls 1 percent versus euro WARSAW: Poland's zloty fell about 1 percent against the euro on Tuesday hit along with other emerging market currencies by concerns that the U.S. Federal Reserve will launch interest rate hikes."Nothing on the domestic side seems to be driving the fall," said Henrik Gullberg, FX strategist at Deutsche Bank.He said he is constructive on the zloty's outlook over the coming months given Poland's solid economic fundamentals, euro zone's quantitative easing programme and a likely end of rate cuts in Poland.The zloty traded at 4.1610 to the euro by 1652 GMT, down 1 percent on the day. It weakened earlier by as much as 1.1 percent.Copyright Reuters, 2015 ...

Markets - FXMM - Europe

Sterling hits seven-year high vs euro on divergent policy bets LONDON: Sterling hit a seven-year high against the euro on Tuesday as traders bet on a divergent monetary policy path between the euro zone, where a 1.1 trillion euro asset purchase programme began this week, and Britain.Less than two months before the most uncertain UK parliamentary elections in decades, the cost of hedging against sharp swings in the pound rose sharply.While the European Central Bank has started flooding the euro zone with money to boost ...

Markets - FXMM - Europe

QE effect sinks euro to near 12 year low below $1.08 LONDON: The euro sank below $1.08 for the first time in almost 12 years on Tuesday, as dollar gains brought into focus a run towards parity that most major banks had not expected until next year. The yen also fell, burdened by efforts to revive inflation in Japan as well as by the grim outlook for most of the world economy outside the United States. An almost 5 percent fall in factory prices in China ...

Markets - FXMM - Europe

Euro falls over 1 pct to 12-year low versus dollar on ECB QE LONDON: The euro fell more than 1 percent against the dollar on Tuesday to its weakest since April 2003 on the second day of an asset purchase programme that will pump over 1 trillion euros into the euro zone economy. The euro fell to $1.07305, down 1.1 percent on the day.It also fell 0.9 percent to a six-week low of 130.305 yen. "The initiation of the ECB's QE programme has put downward pressure on the ...

Markets - FXMM - Europe

Dollar sees profit-taking after 11-year high; outlook robust LONDON: The dollar paused after hitting an 11 1/2-year high against a basket of currencies on Monday, but expectations the Federal Reserve will raise interest rates soon are likely to underpin the greenback.Surprisingly strong U.S. jobs data on Friday increased the chances the Fed will raise rates in mid-year. That pushed Treasury yields higher and widened their gap with government bonds from Japan and the euro zone.The yield spread fuelled the greenback's rally last week, ...

Markets - FXMM - Europe

Sterling hits seven-year high against euro as ECB launches QE LONDON: Sterling hit a seven-year high against the euro on Monday as the European Central Bank began an asset purchase programme that will pump over a trillion euros into the European currency bloc.Britain's pound gained 0.4 percent against the shared currency to trade at 71.81 pence, its strongest since December 2007.The ECB said on Monday that it and the euro zone's national central banks had begun buying government bonds under its quantitative easing programme, which ...

Markets - FXMM - Europe

Dollar runs into profit-taking after 11-year high, outlook strong LONDON: The dollar paused after hitting a 11-1/2 year high against a basket of currencies on Monday, with widening rate differentials set to underpin the greenback as investors bet the Federal Reserve may lift rates soon.Surprisingly strong U.S. jobs data on Friday increased the chance of a mid-year Fed interest rater hike, sending Treasury yields higher and widening the gap over core government bonds from Japan and the euro zone.That in turn re-energised the greenback's ...