NZD climbs above US72c on European Central Bank minutes

DailyFX US AM Digest US Dollar at Three Year Low versus the Euro

Kashkari's motivation was to allow United States inflation rates and wage growth to push higher, but the sentiment concerned traders who are looking forward to three or possibly four interest rate hikes in 2018.

And now sterling has fallen by 0.5 percent against the euro, after the ECB's most recent announcement.

Analysts said the minutes were interpreted by markets as a sign that rate-setters may accelerate the timeline on winding down their 2.55 trillion euros bond-buying programme, the key plank of their stimulus policy for the past three years.

UK's benchmark FTSE 100 closed up by 0.2 percent, the pan-European FTSEurofirst 300 ended the day down by 0.23 percent, Germany's Dax ended down by 0.6 percent, France's CAC finished the day down by 0.3 percent. Also on deck Friday will be USA inflation data, which would drive the euro-dollar pair further.

"ECB minutes were interpreted on the hawkish side due to a discussion of a "gradual shift" in guidance from "early 2018" - much earlier than had previously been discussed", ANZ Research said on Friday. The euro bought $1.2119, trading around its highest level since January three years ago.

Optimism about fourth-quarter earnings boosted stocks.

MSCI's broadest gauge of the world's stock markets also hit a record high on Thursday, having risen in seven of the eight business days so far this year for a total increase of 3.3 percent.

The dollar index was down by 0.05% to 91.81 as of 11.57am Shanghai time.

DailyFX US AM Digest US Dollar at Three Year Low versus the Euro
NZD climbs above US72c on European Central Bank minutes

The euro zoomed up to $1.2037 from $1.1949 late Wednesday in NY.

"Our target for USA 10-year treasuries is 2.8 - and we might afford up to 3 per cent - but going beyond that it's becoming an alert signal", said Amundi's Defend.

The kiwi gained to 4.7080 Chinese yuan from 4.6838 yuan on Thursday after the Chinese government quashed speculation it was considering cutting its purchases of US Treasuries.

Sterling slipped to a one-week low against the euro Thursday, as the single currency soared on talk that the European Central Bank could start to change its message of expansionary monetary policy in the coming months.

In the US bond market, benchmark 10-year notes last fell 3/32 in price to yield 2.5605 percent, from 2.549 percent late on Wednesday. Sterling GBP= was last trading at $1.3731, up 0.03 percent.

The SPD are considered heavily pro-Europe, with leader Martin Schulz past year arguing for closer ties and calling for a "United States of Europe".

Brent crude futures were little changed for day at $69.28 a barrel after hitting $70.05 a barrel during the previous session, its highest level since November 2014.

GERMAN TALKS: Chancellor Angela Merkel's conservatives and the center-left Social Democrats took a big step toward forming a new German government.


Related News:

  • Feds encourage work requirement in Medicaid for able-bodied adults

    Feds encourage work requirement in Medicaid for able-bodied adults

    The new rule, to be rolled out in July, would mandate able-bodied Kentuckians on Medicaid to work or volunteer 20 hours per week. But the expansion under President Barack Obama led to millions of non-disabled low income adults added to the program.
    Local MP refused new job offer from Theresa May

    Local MP refused new job offer from Theresa May

    And Jeremy Hunt reportedly dug his heels in to keep his job as health secretary after turning down the role of Business Secretary. Jeremy Hunt remains as Heath Secretary in Theresa May's Cabinet , but has had social care added to his title.

    Cisco Systems, Inc. (CSCO) Trades Expensive While Oracle Corporation (ORCL) Is Underpriced

    Steinberg Global Asset Management's holdings in Cisco Systems were worth $888,000 as of its most recent SEC filing. South Dakota Inv Council reported 0.17% of its portfolio in Cisco Systems, Inc. (NASDAQ: CSCO ) or 44,403 shares.
  • Winter Storm Hunter Could Vault Erie, Pennsylvania, to a New Snowfall Record

    Winter Storm Hunter Could Vault Erie, Pennsylvania, to a New Snowfall Record

    Gusty winds are possible in wind prone areas producing localized blowing and drifting snow and reduced visibility. The forecast calls for rain Friday afternoon, which is expected to turn to freezing rain and then snow.
    Dark Souls Comes to Switch in Dark Souls: Remastered

    Dark Souls Comes to Switch in Dark Souls: Remastered

    This new and improved version of Dark Souls will light its way to release May 25, 2018, with more specifics to come before then. It seems that it only took one generation for that decision to be made, as Dark Souls Remastered has been officially announced.
    Man accused of killing Rihanna's cousin arrested, charged in Barbados, reports say

    Man accused of killing Rihanna's cousin arrested, charged in Barbados, reports say

    Alleyne's murder was the last murder recorded for Barbados for 2017 and it brought the year's total to 30. Alleyne was taken to the Queen Elizabeth Hospital , where he later died from his injuries.
  • AUD/GBP Exchange Rate Tumbles as Dutch & Spanish Finance Ministers Back Soft Brexit

    AUD/GBP Exchange Rate Tumbles as Dutch & Spanish Finance Ministers Back Soft Brexit

    As the bill makes it way through Parliament I would expect key figures to have their say which will ultimately move Sterling. The pound climbed against a host of other majors on Friday, including the euro (GBP/EUR) and US dollar (GBP/USD).
    Girl Scout cookie season kicks off this weekend

    Girl Scout cookie season kicks off this weekend

    To participate, you'll need to be in one of San Jacinto Council's 26 counties. "The paperwork needs around by March 25". A damaged home is seen after Hurricane Harvey passed through on August 26, 2017 in Rockport, Texas.
    Paul Merson states his prediction for Chelsea v Leicester

    Paul Merson states his prediction for Chelsea v Leicester

    It is not possible to stop him because he can not play in just the same position. We can see their squad and they have two or three players for each position.
  • Apple iOS 11.2.2 vs iOS 11.2.5 Beta 5

    Apple iOS 11.2.2 vs iOS 11.2.5 Beta 5

    With the iPhone 6S the handset running the iOS 11.2.2 beta booted up slightly faster than the handset running iOS 11.2.5 beta 5. Here's what fans can expect from the new update based on the betas that have been released thus far.
    Olivia Munn roasts Mark Wahlberg at 2018 Critics' Choice Awards

    Olivia Munn roasts Mark Wahlberg at 2018 Critics' Choice Awards

    Yet for the Critics' Choice Awards , the next major awards show of the season, white was clearly the colour of the night. Janney played along for a bit, saying, "My mother is going to be very proud, because I learned everything from her".
    NEXT (LON:NXT) Receives

    NEXT (LON:NXT) Receives "Hold" Rating from Jefferies Group

    San Francisco Sentry Investment Group (Ca) holds 0.16% of its portfolio in Cummins Inc. (NYSE:MRK) for 545,854 shares. (NYSE:PE). It is positive, as 13 investors sold OSTK shares while 18 reduced holdings. 92 funds opened positions while 249 raised stakes.


Most liked

Trump's doctor to answer questions following president's physical
Harold Bornstein, who famously declared in 2015 that Trump would be "the healthiest individual ever elected to the presidency". Results of past presidential physicals have included basic data like weight, blood pressure and cholesterol levels.

He Said, He Said: Lawmakers in Trump Meeting Appalled - Or 'Don't Recall'
Trump's comments call into question whether moderate Republicans can really pull Trump to the center on immigration at all . As for Africa, he asked why more people from "s--hole countries" should be allowed into the USA , sources said to The AP.

Democratic US senator: Trump called African countries '****holes' in meeting
Democratic congressman Luis Gutierrez called Trump "a racist who does not share the values enshrined in our Constitution". He also said that the United States should have more people coming in from countries like Norway.

Super Bowl ads cost $5M, demand strong despite National Football League ratings drop
NBC won't shy away from players who decide to protest during the National Anthem on Super Bowl Sunday. In 2017, viewership dropped nearly 10 percent to 14.9 million viewers, according to Nielsen.

Dark Souls: Remastered Announced During Latest Nintendo Direct
Dark Souls Remastered will run at 60fps (compared to the 30fps of the original version) and will support up to six online players. A demo for the Dragon Quest Builders Demo is now available on Nintendo Switch and it will be released by the end of this month.

China soy imports hit second-highest on record in Dec -Customs
Exports grew 10.9 percent year-on-year in December, data from the General Administration of Customs showed Friday. China's December trade surplus with the US was $25.55 billion, compared to $27.87 billion in November.

Trump cancels London trip over 'bad' Embassy deal
The spokesman added: "A state visit (invitation) has been extended and accepted and we will confirm the details in due course". A Downing Street spokesman said Mrs May would tell Mr Trump he is welcome in London.

Beaumont hospitals restrict visitation due to the flu
The state is also reporting a number of influenza outbreaks in long-term care facilities, with 49 outbreaks reported this season. It comes on suddenly and symptoms may include fever , headache, tiredness, cough, sore throat, nasal congestion and body aches.

Holiday PC sales grew for the first time since 2011
Gartner said that the United Kingdom market was "ailing", while shipments in Germany were also lower than expected in the quarter. As the PC industry continues to consolidate, the top four vendors in 2017 accounted for 64 percent of global PC shipments.

Trump Rejects Bipartisan Dreamers Deal
Trump has terminated it but given lawmakers until March 5 to craft legislation reviving its protections. Arizona Republican Jeff Flake told reporters today it has happened.

Novak Djokovic back with a bang at Kooyong
When both departed before the quarter-finals, it cleared the way for Roger Federer and Rafael Nadal to reach the final. In 2017, we saw two first-time Major-winners - Ostapenko at the French Open and Sloane Stephens at the US Open.

Analytics: Nick Foles making a return trip to the playoffs
We're trying not to get out of character. "We're all we got, we're all we need". "I have a lot of confidence in what he's done". He still was with the Miami Dolphins in Week 5 when he put up 130 yards on 26 carries in a 20-17 win over the Falcons .

Karni Sena members held while protesting outside CBFC office
Another Sena worker, Jeevan Singh Solanki told IANS that the group will not allow the film to release anywhere in the country. Shahid Kapoor essays the role of Maharawal Ratan Singh and Ranveer Singh is stepping into the shoes of Alauddin Khilji.

Aamir Khan on Saif's Kaalakaandi: Don't miss this one
The film is directed and written by Akshat Verma, the one who was the writer of Delhi Belly as well. "As according to her, she has always been around", Saif was quoted as saying to PTI.

Smartron tphone P with 5000mAh battery, 3GB RAM launched for Rs. 7999
Other t.phone P specifications include 32GB of internal storage , microSD card slot and rear fingerprint sensor. Coming to the cameras, a 13 MP rear camera with single LED flash and a 5 MP front camera for selfie needs.