KRAKOW, Poland Aug 7- Poland's president said on Friday he would consider drawing up his own draft bill aimed at resolving a Swiss franc mortgage crisis that has become one of the main points of political debate ahead of October's parliamentary elections. President Andrzej Duda, who is backed by the Law and Justice party tipped to win power from the ruling Civic...
The dollar edged lower against major currencies in choppy trading on Thursday, as investors balanced their positions ahead of Friday's data.
WARSAW, Aug 6- Polish banks fell heavily on Thursday after deputies approved a bill allowing homeowners to convert their Swiss franc mortgages into zlotys, a move which could double the cost to lenders to $5 billion. Poland's financial regulator called for an impact assessment on bank stability if the measure were passed into law. However, Kazimierz Kleina, head...
LONDON, Aug 6- A less hawkish message than expected on Bank of England interest rates dominated major currency markets on Thursday, sending sterling a full cent lower, while the Swiss franc hit a five-month low as consumer morale dropped. Federal Reserve and the Bank of England, just one of the nine officials on the BoE's policy committee voted for higher rates.
*Emerging stocks hit two year low as Asia stocks slip. *UK markets ready for Bank of England' Super Thursday'. The Swiss franc fell to its lowest in five months against the euro, as investors sensed that its central bank may have to ease policy, while UK markets were gearing up for what has been dubbed' Super Thursday' at the Bank of England.
The dollar traded little changed on Wednesday as data showed the U.S. services sector expanded at its fastest pace in 10 years.
LONDON, Aug 5- Switzerland's interventionist central bank is using the window of opportunity created by a summer lull in global currency markets to push down the value of the Swiss franc with less effort and at lower cost. "In thin volumes, they are the big guys," said Peter Rosenstreich, chief FX analyst at Swissquote Bank, Geneva. The SNB, one of the few major central...
The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.
The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.
Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.
The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies.
Following recent speculation, Switzerland- based Zurich, a 45 billion Swiss franc firm offering a range of life and general insurance products, said it was looking at a bid. "Zurich notes the recent market speculation in relation to RSA Insurance Group PLC and confirms that the company is evaluating a potential offer," it said on Tuesday. Barclays analysts said...
The U.S. dollar hovered around a nearly two-week low against a basket of major currencies on Monday.
*July 28-29 Fed meeting eyed as dollar sags. LONDON, July 27- The euro hit a four-month peak against the Swiss franc and a two-week high against a subdued dollar on Monday, after Germany's Ifo survey for July beat forecasts and painted an upbeat picture of Europe's largest economy. The euro rose 1.2 percent to $1.1113, from about $1.1084 before the Ifo survey was...
The dollar rose against a basket of currencies on Friday in choppy trade.
The euro strengthened on Thursday, briefly rising above $1.10 for the first time in a week.