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Tag Archives: european central bank

Dollar drops vs. yen and euro as stocks weaken, on track for monthly loss

LONDON – The dollar lost ground against the safe-haven yen and the low-yielding euro on Monday as global stock markets began the week in the red, prompting investors to trim bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yielding currency to buy a riskier, higher-yielding ones for better returns. When volatility rises ...

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Brent hovers under $61, WTI down as euro slips vs dollar

LONDON – Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11-year low against the dollar, offsetting concerns about tensions in Iraq and Libya. The euro fell against the dollar, making commodities priced in greenback more expensive for holders of other currencies, after European Central Bank chief Mario Draghi left ...

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Davos watch: Snowmen, oil prices, deflation and Pharrell

DAVOS, Switzerland — The World Economic Forum kicks off in the Swiss ski resort of Davos with the goal of “improving the state of the world.” In practice, it’s a massive networking event that brings together 2,500 heads of state, business leaders, philanthropists and artists. Here are some glimpses of what’s happening Wednesday at Davos: CHINESE REASSURANCE In a speech ...

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Oil price slide expected to boost earnings for many euro firms


LONDON – An oil price slump to multi-year lows, along with a weakening euro, is expected to boost most euro zone firms’ earnings, even though economic growth is slowing and the energy sector itself will get squeezed. The benefits of cheaper commodities, lower input costs and export-boosting currency moves for firms are expected to lift European companies’ earnings by 25 ...

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