Currencies Foreign Exchange

  • A cashier counts euro banknotes in Vilnius, Lithuania.

    The euro fell Thursday as the European Central Bank announced an extension of its quantitative easing programme.

  • LONDON, Dec 8- Sterling jumped 1 percent against a broadly weaker euro on Thursday after the European Central Bank extended its quantitative easing program for a longer period than expected, albeit at a slower pace. And although it would from April reduce the size of its monthly purchases to 60 billion euros, from 80 billion now, that still means that overall, more...

  • *Polish 10- yr yield rises, Hungary's flat after strong auction. BUDAPEST/ WARSAW, Dec 8- Central European currencies and long-dated government bonds eased on Thursday after the European Central Bank said it would cut its monthly asset purchases from April but extend the bond buying until the end of 2017. Hungary's corresponding yield was flat on the day, but rose...

  • NEW YORK, Dec 8- The euro dropped over 1 percent on Thursday after the European Central Bank extended asset purchases until the end of next year and President Mario Draghi said cuts to the size of the program should not be viewed as tapering. The ECB said it will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, and extend...

  • *Loonie touches its strongest since Oct. 20 at C $1.3199. TORONTO, Dec 8- The Canadian dollar strengthened to a seven-week high against its U.S. counterpart on Thursday as oil rose, although some gains for the loonie were pared as currency markets gyrated after the European Central Bank's monetary policy decisions. The currency's weakest level of the session was C...

  • ISTANBUL— Turkey's leader has renounced foreign currencies in favor of the ailing lira currency in keeping with his appeal to Turkish citizens to do the same, his spokesman said Thursday, as a new measure was unveiled to help struggling businesses. Prime Minister Binali Yildirim announced the establishment of a fund of up to 250 billion lira to help alleviate...

  • LONDON, Dec 8- The euro fell more than 1 percent on Thursday after hitting its highest in a month, as the European Central Bank announced an extension of its quantitative easing program till the end of 2017 but also signaled it would trim monthly bond purchases. As ECB president Mario Draghi held a news conference to explain the decision, the euro fell 1.1 percent on...

  • SAO PAULO, Dec 8- Brazilian antitrust watchdog Cade said it reached an agreement with five large international banks, fining them a combined 183.5 million reais for forming a cartel in offshore foreign exchange markets. The banks, which were accused of manipulating exchange rates of the Brazilian real, are Barclays Plc, Citicorp, Deutsche Bank SA, HSBC Bank Plc...

  • *World share markets climb for 4th day, Wall Street at record. LONDON, Dec 8- World shares climbed to a three-month high on Thursday as encouraging Chinese data and a record-high Wall Street kept traders upbeat before an expected extension of the European Central Bank's already generous stimulus program. Asia shares had risen to one-month highs after Wall...

  • LONDON, Dec 8- Emerging market stocks climbed the most in a month on Thursday, as Russia's approval of the sale of a 10.5 billion euro stake in its largest oil firm sent Moscow shares to a record high and forecast-beating Chinese trade data lifted the mood. The European Central Bank was also expected to extend its already generous 1.5 trillion euro stimulus...

  • LONDON, Dec 8- Sterling edged up on Thursday, recovering from its worst daily performance in two months on a trade-weighted basis, after weak industrial data and a parliamentary vote to stick to the British prime minister's Brexit timetable weighed on the currency. British lawmakers backed Theresa May's plans to trigger the start of formal talks with other...

  • *World share markets climb for 4th day, Wall Street at record. *China trade beats forecasts, commodity imports jump. LONDON, Dec 8- World shares climbed to a near three-month high on Thursday as encouraging China data and a record high Wall Street kept traders upbeat ahead of an expected extension of the European Central Bank's already generous stimulus programme.

  • *Euro firms ahead of European Central Bank policy statement. LONDON, Dec 8- New Zealand's dollar was the biggest gainer among major currencies on Thursday, rising 0.7 percent after a speech by Reserve Bank Governor Graeme Wheeler added to speculation the bank would raise interest rates next year. With all eyes fixed on a European Central Bank meeting widely...

  • While black swans are inherently unpredictable, Nomura has pointed to 10 potential grey swans to worry about for 2017.

  • SINGAPORE/ TOKYO, Dec 8- The euro edged up and traded near a three-week high against the dollar on Thursday ahead of a European Central Bank policy decision, as the greenback lost momentum from the recent pull-back in U.S. bond yields. The euro has been the main focus for traders this week after Italian Prime Minister Matteo Renzi said he would resign after a...

  • SHANGHAI, Dec 8- China's yuan weakened against the dollar on Thursday morning, weighed down by companies' demand for the U.S. currency, traders said. The People's Bank of China set the midpoint rate at 6.8731 per dollar prior to market open, firmer than the previous fix of 6.8808. Traders said corporate dollar demand was strong on Thursday, the day after China...

  • SINGAPORE, Dec 8- The euro held firm near a three-week high versus the dollar on Thursday, as investors turned their attention to the European Central Bank's policy meeting later in the day, and as the greenback was dragged down by a drop in U.S. bond yields. Emphasizing abundant risk, including from forthcoming elections in Europe, ECB President Mario Draghi is...

  • A customer holds a 100 Yuan note at a market in Beijing.

    Data providers played a third-party blame game after several sources erroneously showed a sharp spike lower for China’s currency late Monday.

  • *Loonie touches its strongest since Oct. 21 at C $1.3234. TORONTO, Dec 7- The Canadian dollar strengthened to a near seven-week high against its U.S. counterpart on Wednesday as the Bank of Canada's rate decision and statement gave investors no reason to interrupt a recent appreciation even as oil prices pulled back. The currency's weakest level of the session was...

  • The euro gained slightly on the dollar on Wednesday as investors focused on Thursday's European Central Bank meeting.