FX & CFD trading involves significant risk
for a seventh weekly gain in
little changed today as the euro strengthened against the dollar after the European
Central Bank said banks will hand back a greater amount of loans than analysts
estimated and German business confidence rose for a third month in January.
financial institutions will return 137.2 billion euros ($184.4 billion) on Jan.
30, the first opportunity for early repayment of the initial three-year loan,
Ifo institute’s business climate index, based on a survey of 7,000 executives,
climbed to 104.2 from
The euro gained as much as 0.8 percent to $1.3479, the highest level since February. A strengthening euro increases dollar-denominated oil’s appeal as an investment alternative.
consumption in the
West Texas Intermediate for March delivery slid to $95.43 a barrel on the New York Mercantile Exchange. Futures are up 0.3 percent this week, heading for the longest rising streak since April 2009.
Brent for March settlement fell 4 cents to $113.24 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $17.36 after contracting to $15.16 on Jan. 17, the narrowest in almost six months.
Brent-WTI spread widened by $1.83 on Jan. 23 after Enterprise Products Partners
LP said capacity was limited at the Jones Creek terminal on the Seaway
pipeline, cutting shipments from
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