Foreign Exchange Markets

Euro mixed against majors

- The euro showed mixed performance against the rest of majors in early trading on Monday. While the euro advanced against the pound, it weakened against the Japanese yen and the Swiss franc. In economic news from the euro...

Increasing Pressure on ECB to Lower Rates Soon

The weekend`s close in Forex was focused on the euro, which tended weaker again in several pairs and crossings. The market suspects that euro interest rates will be much lower in the near future sooner than was expected, with...

NewsWatch: Shares in Europe fall as investors eye downbeat data

European shares start December on a downbeat note Monday, with miners under pressure following more glum news on the Chinese economy, although Aer Lingus manage to buck the lower trend after a fresh bid from Ryanair.

Euro Mixed Against Majors to Start Week

With little top-tier euro zone data in the pipeline, the euro is lacking direction on Monday morning. The euro is down 0.0020 to 1.2670 against the U.S. dollar and up 0.0036 to 1.5763 against the Canadian dollar, range-bound...

Platinum slides 7% on soft auto data

LONDON — Platinum tumbled 7 per cent in Europe on Monday as weak Japanese auto sales data further emphasized poor demand from carmakers, while gold came under pressure from a firmer dollar and falling oil prices. Spot platinum...

Yen Climbs To New Multi-Day Highs Against Majors

During early deals on Monday, the Japanese yen climbed to new multi-day highs against its major counterparts on expectations that central banks in major economic regions will cut interest rates this week to limit the damage...

The British pound depreciated by 2% against the US dollar after the release of dismal UK...

Overnight, the British pound depreciated by 2% against the US dollar after the release of dismal UK manufacturing and mortgage lending data, which increased the expectation that the BOE will ease rates this coming Thursday. The...

Political turmoil hits loonie

VIRGINIA GALT Globe and Mail Update Political uncertainty, economic gloom and falling oil prices dragged the Canadian dollar down Monday, with the loonie at 80.21 cents (U.S.), down 0.63 cent, in morning trading. The Canadian...

China Insurers Dodge Financial Crisis Bullet, But Risks Loom

China's 3 trillion yuan ($440 billion) insurance industry was largely insulated from the U.S. subprime crisis that battered AIG and other foreign firms, but the fallout poses the toughest challenge in

Tokyo stocks close lower on general economic concerns

Tokyo - Tokyo stocks ended trading lower on Monday, with the Nikkei 225 Stock Average losing 115.05 points, or 1.35 per cent, to close at 8397.22 points. The broader Topix index of all first-section issues was also down by 7.35...