Forexpros – The euro eased against the U.S. dollar on Wednesday, finding support as the European Central Bank bought Spanish and Italian government debt easing pressure on rising borrowing costs. EUR/USD pulled back from...
Read MoreForexpros – The pound extended losses against the U.S. dollar on Wednesday, falling to a one-month low after the Bank of England cut its short-term growth forecast and said further economic stimulus may be necessary as the...
Read MoreForexpros – The U.S. dollar trimmed gains against the Swiss franc on Wednesday, as the European Central Bank supported euro zone bond markets by buying Italian and Spanish government debt. USD/CHF pulled back from 0.9224,...
Read MoreForexpros – Copper futures trimmed losses on Wednesday, bouncing off a four-day low as a drop in Italian and Spanish bond yields helped boost market sentiment. On the Comex division of the New York Mercantile Exchange,...
Read MoreForexpros – Consumer price inflation in the euro zone was unchanged in October, broadly in line with expectations, official data showed on Wednesday. In a report, Eurostat said consumer price inflation held steady at 3.0%...
Read MoreForexpros – The U.S. dollar remained broadly higher against its major counterparts on Wednesday, as uncertainty over the ongoing debt crisis in the euro zone weighed but the euro found support as the European Central Bank...
Read MoreForexpros – European stock markets were higher on Wednesday, as Italian borrowing costs fell back below the 7% threshold viewed as unsustainable after the European Central Bank was seen buying up bonds. During European...
Read MoreForexpros – Crude oil futures pared losses on Wednesday, re-approaching the previous session’s three-month high as speculation that the European Central Bank was buying Italian and Spanish government debt helped lift...
Read MoreForexpros – The pound pared losses against the U.S. dollar on Wednesday, easing back from one-month low but worries over potential debt contagion in core euro zone economies continued to weigh on risk appetite.GBP/USD...
Read MoreForexpros – Gold futures declined on Wednesday, as a stronger U.S. dollar and fears that the euro zone’s sovereign debt crisis was spreading to the region’s core economies prompted investors to sell their gold...
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