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On Friday the pound edged up to nearly two-and-a-half week highs versus the greenback, as mounting expectations for a U.K. rate hike continued to support demand for sterling...
Although the Greek parliament accepted austerity measures preventing the country from an immediate default, there are still considerable risks ahead, notes ratings agency Moody’s. Greece’s fiscal strength was “low” and the potential to reduce its debt burden was not clear...
The euro fell to fresh six-week lows against the dollar on Thursday after the European Central Bank stood pat on its monetary policy. Meanwhile, fresh data from the U.S. signaled the number of people who filed for unemployment assistance in the U.S...
ECB President Mario Draghi has confirmed that the central bank left rates unchanged. Besides that, he commented on the ongoing asset-purchase program, as well as liquidity for Greek banks...
On Thursday the euro dropped to an eight-year trough against the pound, as sentiment on the single currency weakened before the European Central Bank's press conference and as Greece remained in focus. Meanwhile, expectations for a rate hike in the U.K. spurred demand for sterling...
On Thursday crude-oil futures logged small gains, though still trading near three-month lows after posting sharp losses in the previous session on concerns over U.S. fuel demand and a global supply glut...
Violent clashes broke out while the Greek parliament was voting on wide-reaching reforms that are a condition of a third bailout from creditors. Late Wednesday, the austerity bill that will pave the way for financial aid worth 86 billion euros was approved with 229 votes in the 300-seat chamber...
Gold prices held near multi-month lows Thursday amid receding concerns over Greece's debt crisis and amid mounting expectations of a Fed rate hike later this year...
On Thursday the euro was weaker against the greenback and the yen, with investors becoming aware of monetary policy divergence in the U.S. and the eurozone...