Oil Down 3.5% on Week; Demand Concerns Offset Euro Vaccine Progress

© Reuters. By Barani Krishnan Investing.com – Oil prices fell as much as 3.5% on the week as concerns over summer fuel demand offset news that Europe appeared to be finally turning the corner on its Covid-19 vaccine crisis. Germany doubled the number of daily Covid-19 vaccinations, France hit a key immunization milestone a week […]

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Euro Retreats From Session Highs Against Dollar as France Widens Lockdown

© Reuters. By Yasin Ebrahim Investing.com – The euro cut its gains against the dollar Wednesday as investors fret over fresh lockdown measures in the economic bloc that will likely slow the recovery, but some experts see a reversal on the cards for the single currency. fell 0.18% to $ 1.1735, after hitting a high […]

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Dollar buoyant as economic outlook brightens, doubts surround euro

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo By Tom Wilson LONDON (Reuters) – The dollar held near its highest since November against most major currencies on Friday, buoyed by hopes over improving U.S. economic data and the availability of coronavirus vaccines, while the euro recovered from […]

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ECB must remain euro zone’s stabiliser: chief economist Lane

© Reuters. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks during a Reuters Newsmaker event in New York FRANKFURT (Reuters) – The European Central Bank must remain a key stabilizer of the euro zone economy as the bloc is at risk of suffering longer-term damage from its pandemic-induced double-dip recession, ECB chief economist […]

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Oil Ends Down 4% as Euro Covid Worry Offsets Suez Jam

© Reuters. By Barani Krishnan  Investing.com — The volatility in oil isn’t going away as growing worries over Europe’s third wave of COVID-19 overwhelmed risks to the global crude trade from a tanker jam on the Suez Canal. Crude prices settled down 4%, resuming their slide after Wednesday’s 6% leap recouped almost all what the […]

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Euro Risks Fall Below $1.18 as Third Covid Wave Hits EU, Experts Warn

© Reuters. By Yasin Ebrahim Investing.com – The euro fell against the dollar Wednesday and could soon be staring down the barrel of a plunge below $ 1.18 as the third wave of Covid-19 threatens the outlook for the economic bloc. fell 0.22% to $ 1.1823 and could continue its bearish trend as the U.S. […]

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Italy set to launch 40-bln euro fund for virus-hit companies: sources

© Reuters. By Giuseppe Fonte and Elisa Anzolin ROME (Reuters) – Italy plans to launch a fund worth up to 40 billion euros ($ 47.8 billion) this month to help its companies hit by the coronavirus crisis raise capital and strengthen their balance sheets, two sources familiar with the matter said. The so-called “Patrimonio Rilancio” […]

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Pound Extends Longest Winning Streak Against Euro Since 2015

© Reuters. Pound Extends Longest Winning Streak Against Euro Since 2015 (Bloomberg) — Sterling’s vaccine-fueled rally against the euro is beginning to look relentless. The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better […]

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Dollar Edges Higher; Euro Suffers From Growth Comparison

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trading Wednesday, particularly against the euro as traders fret about the state of Europe’s pandemic recovery, particularly weighed against its U.S. equivalent. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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