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  • US stocks, dollar fall ahead of Trump inauguration

    The Dow Jones index fell 0.2 percent to 19,773.46 points ahead of US President-elect Donald Trump's inauguration

  • The U.S. dollar will probably head higher, but expect more volatility for the greenback, currency expert David Woo said.

  • The euro fell early after a press conference from European Central Bank chief Mario Draghi who pointed to sagging inflation and the need for further monetary policy assistance in Europe. The ECB announced it would maintain its negative interest rate policy and continue its record pace of asset purchases to stimulate tepid …

  • Bank of Cyprus lists in London

    Under the terms of the deal, the government was required to close the island's second-largest bank, Laiki, and impose a 47.5 percent haircut on deposits above 100,000 euros at Bank of Cyprus

  • The dollar and U.S. Treasury yields gained on Thursday after a batch of solid U.S. economic data, while U.S. shares slipped as investors remained cautious ahead of the inauguration of President-elect Donald Trump on Friday. Oil futures rallied from one-week lows after the International Energy Agency said crude markets …

  • UK's May plays down sterling weakness - Bloomberg Reuters - UK Focus - 8 hours ago

    Britain's Prime Theresa May played down recent falls in sterling in a television interview on Thursday, saying data since Britain voted to leave the European Union pointed to underlying strength in the economy. Sterling fell to one of its lowest levels against the dollar in more than 30 years on Monday in the run-up to …

  • Pound pounces on soft euro, keeps dollar at bay Reuters - UK Focus - 8 hours ago

    The pound took advantage of a cautious-sounding European Central Bank head Mario Draghi on Thursday to hit a 10-day high against the euro, and stabilised against the dollar after a rollercoaster few days of Brexit-related swings. There was a noticeable lull after both its biggest daily rise in decades and two of its heaviest …

  • Draghi sends euro lower AFP - 8 hours ago
    Draghi sends euro lower

    The euro slumped after ECB chief Mario Draghi signalled that the time has not yet come to wind down unprecedented stimulus measures

  • The dollar rose against the euro on Thursday after comments from the European Central Bank chief, while U.S. Treasury yields gained on a batch of solid U.S. economic data. Trading in European equities and the euro was choppy after ECB President Mario Draghi reaffirmed interest rates would stay at current or lower levels …

  • ECB's Draghi says too early for stimulus exit

    European Central Bank (ECB) chief Mario Draghi speaks to reporters in Frankfurt, on January 19, 2017

  • Draghi sends euro lower

    The euro slumped after ECB chief Mario Draghi signalled that the time has not yet come to wind down unprecedented stimulus measures

  • The dollar climbed on Thursday as solid U.S. data reinforced a theme of robust U.S. economic growth, while the euro fell after European Central Bank chief Mario Draghi alluded to sagging inflation and the need for further monetary policy assistance. The euro fell below $1.06 to its lows of the day as Draghi spoke at a …

  • FX Focus: Pound climbs after Theresa May tells Davos Britain is open for business

    The pound edged higher against its main rivals on Thursday (19 January), as Theresa May told the World Economic Forum in Davos that Britain remained open for business. Sterling had lost ground in the previous session, as traders cashed in on profits following the rally triggered by the Prime Minister's Brexit speech on …

  • Euro zone inflation rise not convincing - Draghi Reuters - UK Focus - 11 hours ago

    Rising inflation in the euro zone is primarily being driven by fluctuating energy prices and there are no signs it is sustainable, European Central Bank President Mario Draghi said on Thursday. "Headline inflation is likely to pick up further in the near term, largely reflecting movements in the annual rate of change of …

  • The euro fell to a day's low against the dollar and a 10-day low against sterling on Thursday, while European stocks hit a day's peak after European Central Bank President Mario Draghi played down a recent ...

  • The euro fell to a day's low against the dollar and a 10-day low against sterling on Thursday, while European stocks hit a day's peak after European Central Bank President Mario Draghi played down a recent ...

  • European Central Bank President Mario Draghi said on Thursday that actions the bank has taken in December have succeeded in improving the economic climate, but he pledged to do more if the improvement proved transitory. "A very substantial degree of (monetary policy) accommodation is needed," he told a news conference …

  • ECB holds firm as calls grow for stimulus exit

    The European Central Bank in the German city of Frankfurt

  • North American tourists flocked into Britain to take advantage of the weak pound after last year's Brexit vote, but spending by European tourists - far greater in number - slipped compared with a year earlier. Taken as a whole, Thursday's official data suggested there was little immediate boost from the weak pound to Britain's …

  • The dollar held firm against most of its major rivals on Thursday after Federal Reserve Chair Janet Yellen promised a "few" rises in U.S interest rates this year, halting its worst run in five months. The greenback gained as much as 1 percent on Wednesday after Yellen's speech, which turned investors back to the narrative …

  • The dollar bounced back, Asian and European shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signalled a path of steady interest rate increases for the world's largest economy. The European Central Bank was set to meet as the euro recovered some …

  • ECB holds firm as calls grow for stimulus exit

    The European Central Bank in the German city of Frankfurt

  • Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar. In a Wednesday ...

  • Pound steadies above $1.23 after wild few days Reuters - UK Focus - 15 hours ago

    Sterling climbed back above $1.2320, having been knocked as low $1.2254 overnight by a dollar rally after Federal Reserve head Janet Yellen flagged the likelihood that U.S. interest rates will go up for the next few years. The pound also climbed against the euro, nudging 0.3 percent higher to 86.47 pence per euro as traders …

  • The dollar rebounded, Asian shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signalled a path of steady interest rate increases for the world's largest economy. The European Central Bank was set to meet as the euro recovered some of the ground it …

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