Geopolitical tension keeps euro in narrow range
London
THE euro drifted in a narrow range on Tuesday as simmering geopolitical tension put investors off adding big bets before a European Central Bank (ECB) meeting this week when policymakers might voice some concerns about the single currency's strength.
While ECB officials have been very careful about expressing their concerns over the currency's rise this year, as the euro still remains broadly below levels obtained when policymakers launched their monetary stimulus plans, there are some markets fears that this may change.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results