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...It also found that, for each 5 per cent that sterling devalued against the US dollar and the euro, household costs increased by a further £380 a year....
...But the change of wording was enough to send the euro rallying nearly 1 per cent against the dollar, and German bond yields rose to near two-year highs....
...The euro also leapt 1.1 per cent against the dollar to $1.1794 on news that Germany’s economy had expanded 0.8 per cent in the third quarter....
...The euro strengthened 0.1 per cent to $1.1846. The Japanese yen strengthened 0.1 per cent to ¥112.13....
...The economic calendar for Thursday is giving all those corporate results a little room to breathe (all times Hong Kong): 06.45: New Zealand imports, exports and trade balance16.30: Hong Kong imports, exports...
...The Euro Stoxx mining index is 0.5 per cent weaker against a 0.1 per cent slip for the wider Euro Stoxx 600....
...Overnight on Wall Street, the euro hit a fresh two-and-a-half-year high against the dollar above $1.17 and Treasury prices rose after the Federal Reserve signalled it was ready to start reducing its balance...
...The euro was 0.1 per cent stronger in Asia this morning at $1.1270, having gained 0.2 per cent overnight....
...Mortgage applications, net imports and a survey of the services sector all posted strong growth....
...Australia’s S&P/ASX 200 rose 0.9 per cent in spite of a number of stocks in the food sector being hit hard by reports of a China crackdown on overseas imports of food and consumer goods....
...But the stronger dollar has also meant renewed strength for its peers, such as the Japanese yen and euro, which in turn may hurt sentiment toward manufacturing and exporting companies in those regions....
...“The latest plunge in oil prices has yet to be reflected in the cost of imports....
...That lifted growth-sensitive assets and saw the euro post its biggest weekly drop against the dollar in two months....
...The euro is up 0.1 per cent to $1.1140 and 10-year Bund yields are easing 1bp to 0.26 per cent....
...Despite dropping hints last month the ECB might ease again in March, the euro rallied as investors grew less sure of the prospect for near-term rate rises from the Federal Reserve, which undermined the dollar...
...Exports are expected to fall 8 per cent from a year ago, in US dollars, while imports are anticipated to drop 11 per cent. Analysts forecasts the monthly trade surplus at $51.3bn....
...Foreign exchange markets are back in focus, with the euro strengthening above $1.10 on Wednesday and with the New Zealand dollar dropping this morning after the central bank cut interest rates to 2.5 per...
...Here’s the rest of it (all times Hong Kong): 07.50: Japan November imports, exports, balance of trade08.30: Australia RBA research bulletin08.30: Singapore November imports, exports, balance of trade...
...Indeed, worrying data on Chinese imports and inflation this week — plus a weak report on US retail sales — kept concerns over global growth well and truly alive....
...The euro was also under pressure, falling 0.4 per cent to $1.0973 as tensions mounted that Greece could default in a matter of weeks....
...This year, GDP growth is likely to be around 1.3% in the Euro-zone, 1% in Japan, and 2.6% in the United States....
...Imports advanced 16.8 percent, while the trade surplus of $18.2 billion was higher than projected.”...
...Imports rose 0.8%, allowing the deficit to reach Y953.4bn, the third-largest in more than 30 years, and the fifth consecutive month of decline....
...Dubai’s Drydocks World to complete $2.2bn debt restructuring by July Drydocks World LLC, a unit of state- controlled Dubai World, said it expects to present on March 8 the terms to restructure its debt...
...Principal and interest on the entire sovereign debt stock of il bel paese, going out to 2062, comes to $3,031bn....
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