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Euro slides from 6 1/2-month high »
The European common currency stopped its rally for three consecutive weeks against the dollar after touching 6 1/2-month high earlier today, while it also retreated against other majors on renewed debt concerns.
Financial Times said the Irish budget deficit for 2010 will be higher than the latest estimates, while Nobel Prize-winning economist Joseph Stiglitz said European [...]
Pound hit one-month high of 1.4808 »
Australian Dollar: The Australian Dollar opens sharply higher against the greenback on Wednesday at 0.8650. During local trade yesterday, the unit moved down from the long-weekend highs above US86 cents after the release of the June Reserve Bank of Australia (RBA) board meeting minutes indicated that interest rates are likely to remain on hold next [...]
Economic confidence within the Eurozone is at 22 month highs »
The US Dollar fell back once again, as momentum shifted to the downside. As the Greeks launched their 5 billion EUR fund raising via a bond auction, confidence appeared to be increasing, and investors eyed so-called ‘riskier’ assets, leaving the relative safe haven that is the greenback. All eyes will now move to [...]
Euro up on Greece plan; Nikkei hits 18-month high (Reuters) »
, lifting some pressure on the single currency.
, tempering market reaction.
The deal offers Athens loans and cash but only as a last resort and can only be disbursed with unanimous euro zone approval.
Major European markets (.FTEU3) were expected to open slightly lower, according to financial spreadbetters, with some dealers looking to take [...]
Greece woes push euro to 10-month low »
(Reuters) – The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
European shares hit their highest since October 2008, following a climb in U.S. stocks, but broader [...]
Commodities lead TSX to 17-month high (Reuters) »
's main stock index ended at its highest point since September 2008 on Tuesday, aided by stronger commodity prices and a renewed pledge by the
U.S. Federal Reserve
to keep interest rates very low for an extended period.
The index's materials sector led the way, rising 1.5 percent, with
up 3.5 percent at C$91.28 after [...]
Wall Street hits fresh 17-month high after Fed »
(Reuters) – Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.
The central bank also pointed to increased momentum in the economy’s recovery, and that, coupled with strength in Intel, helped the S&P 500 [...]
Oil steady above $74 as euro hovers near nine-month lows »
Oil was steady on Tuesday, trading near $74 in New York, as concerns over Greece’s sovereign debt kept the euro close to nine-month lows against the dollar.
At a meeting in Brussels on Monday, euro zone finance ministers urged Greece to announce more deficit-control steps by mid-March if needed, without saying anything new of last [...]
Jobless rate hits 5-month low but payrolls fall »
The U.S. unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
President Barack Obama cautiously welcomed the figures but said more needed to be done to put people back to work. [...]
Asia shares up off 3-month lows »
SINGAPORE (Reuters) – Resource stocks lifted Asian shares off three-month lows on Tuesday after strong U.S. manufacturing data raised hopes the global economic recovery was on a firmer footing.
But the Australian dollar sank, pulling down the euro, after the country’s central bank left interest rates unchanged in a move that stunned markets and underscored [...]