Archive for January 25th, 2017

New Overnight Developments Abroad - Daily Update

Dollar Retreats but European Stocks Rise Strongly

January 25, 2017

The dollar fell 0.6% against sterling, 0.5% relative to the yen, 0.4% vis-a-vis the loonie and kiwi and 0.3% against the euro, Swiss franc, yuan and Mexican peso. Yesterday’s tightening of Turkish monetary policy had a perverse effect on the lira, convincing investors that the currency is so vulnerable that more monetary restraint will be […] More

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