Following yet another set of data that hints China's industrial engine has firmly slowed down, investors are fleeing from European equities while also herding into the eurozone common currency and the Japanese yen, Naomi Rovnick writes.
The Euro Pacific chief also commented on gold, noting that the metal is set up for higher prices. 'I think when people realize that there is no [rate] lift off from the Fed, that's when the gold rocket ship will really take off," he said.
The dollar was also higher against the euro, with EUR/USD down 0.57% to 1.1257. The worsening outlook for equities has underpinned demand for the low yielding euro and yen in recent sessions. Investors often use low-yielding currencies to fund ...
Iceland can take a giant step toward sealing their Euro 2016 berth on Thursday when they make the trip to Amsterdam, where they'll seek to hand Netherlands coach Danny Blind a horror start to his Oranje tenure.
The rate of unemployment in the euro area also registered a slight contraction to 10.9% in July, down from 11.1% in June and 11.6% in July 2014, according to data published by Eurostat, the statistical office of the European Union, on Tuesday.
De Gea should get back into the United lineup, and keep his Euro spot safe. As for Costa, there's a legion of young Spanish strikers from Alvaro Morata down the line champing at the bit for a chance to play for Del Bosque.
The Euro has fared poorly elsewhere, declining across the board against all but the Swiss Franc. This came from a mix of Eurozone economic announcements yesterday; although there were a number of positive developments in the Eurozone Unemployment ...
“What a lot of investors have forgotten is that historically the euro has been a safe-haven currency,” said Bipan Rai, director of foreign-exchange strategy at Canadian Imperial Bank of Commerce's CIBC World Markets unit.