European Session – Yen retreats as markets steady, dollar benefits
Posted on October 17, 2014 at 2:08 pm GMTThe yen was the main loser of today’s session, as some semblance of stability returned to the markets. Most European stock markets posted gains between 1 and 2%, beaten-down Eurozone peripheral bonds rallied – particularly in Greece – and the price of front-month crude oil climbed to above 83. The pound managed to eke out some gains against the greenback, even as the Chief Economist of the Bank of England expressed his “gloominess” about economic prospects and raised the possibility [..]