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March 4, 2021

Euro Zone as a Whole

Dollar bides time, looks to Powell for inspiration

Reuters
TOKYO (Reuters) – The dollar hit a seven-month high against the yen on Thursday as an orderly rise in U.S. Treasury yields lent support ahead of a speech by Federal Reserve Chairman Jerome Powell that may determine the trend for global bond markets and currencies. FILE PHOTO: 3D printed percentage......

Cloud tech use in forex trading to soar by 2025: survey

Reuters
FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – A bulk of the trading in the $6.6 trillion-a-day foreign exchange markets is expected to be on cloud technology over the......

Euro zone corporate lending growth slows as monthly flows dry up

Reuters
FILE PHOTO: A woman walks past the European Central Bank (ECB) headquarter as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown and a demand by the German government for more home office possibilities in Frankfurt, Germany, January 28, 2021. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Lending to......

Raising rates abruptly could jeopardise economic recovery: ECB’s Schnabel

Reuters
FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo BERLIN (Reuters) – Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank......

FOREX-Dollar pummelled, Aussie soars as reflation trades grip FX markets

Reuters
* Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, Feb 24 (Reuters) – The dollar remained at multi-year lows against the Antipodean currencies and held near a one-month low versus the euro as reflation trades gripped the currency markets on Wednesday. Federal Reserve Chair Jerome Powell reiterated on Tuesday that U.S. interest......

Dollar slips early against pound, kiwi looks to RBNZ

Reuters
TOKYO (Reuters) – The dollar slipped to a three-year low against the British pound and nursed losses against commodities currencies on Wednesday as investors increased bets that a global economic recovery will boost riskier assets. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in......

Northern Ireland’s DUP to take legal action against Brexit deal

Reuters
FILE PHOTO: Leader of the DUP Arlene Foster MLA speaks at the Democratic Unionist Party (DUP) annual conference in Belfast, Northern Ireland October 26, 2019. REUTERS/Lorraine O’Sullivan DUBLIN (Reuters) – Members of Northern Ireland’s Democratic Unionist Party are set to take part in legal action challenging part of Britain’s divorce......

Dollar nursing losses after jobs data mars recovery narrative; sterling buoyant

Reuters
TOKYO (Reuters) – The U.S. dollar maintained its biggest loss in 10 days on Friday after disappointing U.S. labour market data bruised optimism for the country’s speedy recovery from the COVID-19 pandemic. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko......

Dollar nursing losses after jobs data mars recovery narrative; sterling buoyant

Reuters
TOKYO (Reuters) – The U.S. dollar maintained its biggest loss in 10 days on Friday after disappointing U.S. labour market data bruised optimism for the country’s speedy recovery from the COVID-19 pandemic. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko......

UPDATE 1-Sterling hits highest level against euro since March 2020

Reuters
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds chart and comment, updates rates,) LONDON, Feb 18 (Reuters) – Sterling edged higher against both the euro and the dollar on Thursday, reaching its highest in almost a year against the single currency,......

Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640

Reuters
TOKYO (Reuters) – The dollar held ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations for the U.S. to recover from the pandemic faster than most of its peers. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph......

Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640

Reuters
TOKYO (Reuters) – The dollar held ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations for the U.S. to recover from the pandemic faster than most of its peers. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed stock graph......

Fund managers cut cash levels to 2013 levels, pre taper-tantrum: BofA

Reuters
The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid LONDON (Reuters) – Cash levels in investment portfolios have plunged to the lowest since just before the so-called taper tantrum of 2013, according to BofA’s February fund manager survey,......

Twitter a goldmine for tracking consumer mood on prices, Bank of Italy finds

Reuters
ROME (Reuters) – The Bank of Italy said on Monday a set of experimental indicators it created from the content of millions of tweets accurately tracked consumer mood on price, offering scope for a powerful new monetary policy tool. The effort comes as economists and policy-makers around the world increasingly......

Analysis: Draghi takes the reins as Italian PM, now comes the hard part

Reuters
ROME (Reuters) – Italians’ hopes in Mario Draghi could hardly be higher. But the former European Central Bank chief, who was sworn in as the country’s new prime minister on Saturday, will have a tough time fulfilling them. FILE PHOTO: Incoming Italian Prime Minister Mario Draghi leaves after a meeting......

GRAPHIC-Take Five: Here comes the bull

Reuters
1/GONG HEI FAT CHOY! It’s the Lunar Year of the Ox. Since the same Chinese character can be used to denote a bull, some investors might see that as a good omen for world markets. Higher bond yields could spoil the party at some point, but for now equity markets......

Dollar headed for weekly loss, bitcoin renews record above $48,000

Reuters
TOKYO (Reuters) – The dollar headed for its first losing week in three as new signs of weakness in the U.S. jobs market dented investor expectations about the pace of a pandemic recovery. FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front......

Euro zone growth in 2021 to rebound less than expected

Reuters
BRUSSELS (Reuters) – The euro zone economy will rebound less than earlier expected from the coronavirus slump this year as a second wave of the pandemic put economies in new lockdowns, the European Commission said, adding 2022 growth will be stronger than earlier thought. FILE PHOTO: A worker at German......

Dollar nurses losses as U.S. economic doubts undercut rally

Reuters
TOKYO (Reuters) – The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee......

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