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  • Banks drive European markets higher

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the eurozone's breakthrough deal with Greece, and Italian and Spanish banks leading the rally.

  • DUBAI, May 25- Saudi Arabia may need to change its currency's peg to the U.S. dollar if economic conditions shift, researchers at the Saudi central bank suggested in a paper that could shape debate among policymakers as the kingdom grapples with low oil prices. But the collapse of oil prices since 2014, which created a $100 billion state budget deficit, has fueled...

  • LONDON, May 25- The world's biggest currency dealing banks are losing their grip on the world's biggest financial market as newer, smaller players take a larger chunk of the $5 trillion- a-day-business, an annual industry survey showed on Wednesday. Citi retained top spot in the annual Euromoney poll of FX market participants with a share of 12.9 percent, down...

  • *Dollar index notches fresh 2- month peak. TOKYO, May 25- The dollar hit a two-month peak against its basket of peer currencies on Wednesday, boosted by robust U.S. housing data supporting the case for the Federal Reserve to raise interest rates in the near term, but fell back slightly. Most people are just squaring positions ahead of the month-end, "said Kaneo Ogino,...

  • LONDON, May 25- Keeping the status quo may well be what the British government wants after its June 23 referendum on European Union membership, but a sigh of relief in the financial world could bring its own short-term economic policy headaches. With a month to go to the referendum, the economic and financial risks of' Brexit' dominate headlines from the Treasury,...

  • TOKYO, May 25- The dollar stood near a two-month peak against a basket of currencies on Wednesday after robust U.S. housing data supported the case for the Federal Reserve to raise interest rates in the near term. The euro was steady at $1.1139, within reach of $1.1133, its lowest level since March 18 plumbed on Tuesday when it sank 0.7 percent. The dollar was up 0.1...

  • NEW YORK, May 24- The dollar hit its highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond prices dipped as expectations grew that the Federal Reserve could raise interest rates soon. The euro was down 0.7 percent against the dollar at $1.1136 and hit its lowest level since March 16. "A re-pricing of Fed tightening expectations is the principal...

  • NEW YORK, May 24- The dollar hit is highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond prices dipped as expectations grew that the Federal Reserve could raise interest rates soon. The euro was down 0.7 percent against the dollar at $1.1136 and hit its lowest level since March 16. "A re-pricing of Fed tightening expectations is the principal driver...

  • The U.S. dollar hit its highest level against the euro in more than eight weeks on Tuesday and rallied against the yen.

  • NEW YORK, May 24- The dollar jumped on Tuesday, hitting an eight-week high against the euro, while U.S. bond prices fell as expectations grew that the Federal Reserve could raise interest rates soon. The euro was last down 0.6 percent against the dollar at $1.1147 and hit its lowest level since March 24. "A re-pricing of Fed tightening expectations is the principal...

  • measures@ SAO PAULO, May 24- Brazil's stocks and currency rose on Tuesday after a minister accused of seeking to hamper a corruption probe stepped down, while traders cheered the announcement of austerity measures by interim President Michel Temer. He added that markets will gauge Temer's standing in Congress later on Tuesday when lawmakers could vote on...

  • ABUJA, May 24- Nigeria's central bank abandoned its naira peg to the dollar on Tuesday in favor of a flexible currency regime, a policy U-turn designed to boost local manufacturing and exports and stave off a recession. However, Governor Godwin Emefiele sparked confusion in Africa's biggest economy by declining to say how the shift from a naira fixed at 197 to the...

  • Brexit poll at the European market close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a report from Telegraph regarding support for the UK leaving the European Union is "collapsing."

  • NEW YORK, May 24- The dollar hit an 8- week high against the euro on Tuesday as expectations grew that the U.S. The euro was last down 0.5 percent against the European single currency at $1.1157. "A re-pricing of Fed tightening expectations is the principal driver of the U.S. dollar's resurgence," said Richard Franulovich, senior currency strategist at Westpac...

  • LONDON, May 24- Sterling rose against the euro and the dollar on Tuesday, boosted by a poll that showed the "Remain" camp was well ahead over their "Leave" rivals with a month to go before a vote on Britain's future in the European Union. On Monday, sterling started the week on a shaky note after warnings from Prime Minister David Cameron and finance minister George...

  • Risk-appetite was further weakened by receding expectations that Japan can act to weaken its currency after a fresh warning from the United States last week against intervention. That sentiment was reinforced by comments from Japanese Finance Minister Taro Aso, who said on Tuesday that Japan has no intention to devalue the yen sharply and consistently.

  • TOKYO, May 24- The yen held on to gains on Tuesday, shored up by investors' risk aversion and receding expectations that Japan will weaken the currency after a fresh warning by the United States last week against intervention. The euro was flat at 122.605 yen after sliding 0.8 percent overnight. But the dollar has given back a large part of its gains to the yen after a...

  • NEW YORK, May 23- The U.S. dollar tumbled nearly 1 percent against the yen on Monday on Japanese trade data and Washington's resistance to currency intervention by Tokyo, but was little changed against the euro as investors awaited fresh U.S. economic data. The dollar was last down 0.86 percent at 109.19 yen, near a session low, after data showing Japan logged a trade...

  • The U.S. dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy.

  • UK's Osborne: Brexit would kill 500,000 jobs

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Unicredit, Fiat Chrysler and Bayer.