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Tag: European Central Bank

Euro takes a breather as it steadies near three-year highs

The euro held steady on Tuesday, taking a breather after having rallied on the back of optimism about the euro zone’s economic outlook and expectations for the European Central Bank to wind down its massive monetary stimulus. Comments by the Estonian central bank chief and ECB rate-setter Ardo Hansson on Monday reinforced those expectations, with […]

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Junk-bond titan Coulson braves market jitters to tee up payday

You’ve got to hand it to Paul Coulson and how he can play international debt markets. The Dublin financier’s glass and metal containers group, Ardagh, has raised almost $10 billion (€8.3 billion) selling “junk bonds” in six deals in the past two years – making him by far the biggest Irish player in global capital […]

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Dollar index hits 11-day high after slump last week

The dollar climbed against a basket of major currencies on Tuesday, recovering further from last week’s decline to the lowest in more than three months, which drew bargain hunters. The dollar index, which measures the greenback against six rival currencies, was up 0.28 per cent at 92.62. The index fell to 91.751 on January 2nd, […]

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European stocks start 2018 in the red, failing to capitalise on a positive Asian session

European stocks started 2018 in the red, failing to capitalise on a positive Asian session as the strength of the region’s common currency weighed on exporters. The euro headed for its strongest level in three years as the region’s buoyant economy was seen increasing the chances of an end to central bank stimulus this year. […]

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Dollar starts new year in doldrums, Asian currencies hit high note

The dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note. The dollar’s index against a basket of six major currencies stood at 92.162. On Friday it had […]

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Dollar heads for worst year since 2003 as ‘Trump Effect’ fades

The dollar slipped to its lowest in more than three months against a basket of major currencies on Friday as the euro and sterling climbed, putting the greenback on track for its worst showing since 2003. The dollar started 2017 on a high, with the index that tracks it against a basket of six major […]

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European shares flag as ECB provides no momentum

European shares lagged their US peers and closed in negative territory on Thursday, as a busy day of central bank meetings failed to provide momentum even though the European Central Bank raised its growth and inflation forecasts. Europe’s STOXX 600 ended the day down 0.46 per cent, while US stocks climbed higher in morning trading, […]

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Central Bank sells further €500m tranche of debt linked to Anglo

The Central Bank has sold a further €500 million tranche of debt connected with the collapse of Anglo Irish Bank. The latest transaction brings to €9.5 billion the amount of legacy debt bought from the bank by the National Treasury Management Agency (NTMA). Following the purchase, €15.53 billion of debt associated with the failure of […]

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Central Bank sells further €500m tranche of debt linked to AIB

The Central Bank has sold a further €500 million tranche of debt connected with the collapse of Anglo Irish Bank. The latest transaction brings to €9.5 billion the amount of legacy debt bought from the bank by the National Treasury Management Agency (NTMA). Following the purchase, €15.53 billion of debt associated with the failure of […]

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Bitcoin futures rocket past $18,000; Asian shares buoyant

The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth. The most-traded contract on the Chicago-based CBOE Global Markets exchange opened at $15,460 in New York on Sunday evening, before leaping to […]

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