Money markets now see a 76 percent chance of a 10-basis point increase in the deposit rate by the end of this year, compared with 34 percent one day before the European Central Bank meeting on December 14 and 46 percent at the end of last year. Weak inflation at the producer level could add to concerns that the factors restraining inflation could become more persistent and result in the Federal Reserve being more cautious about raising interest rates this year.
The pairing opened daily trading in the region of 1.1930 and closed higher around 1.1956 in the evening.
The December meeting minutes said the central bank should revisit its policy message in early 2018 and gradually adjust its language to reflect improved growth prospects.
Investors took the relatively hawkish statement as a further signal that the European Central Bank will wind down its 2.55 trillion euro ($3.07 trillion) bond purchase scheme this year if Europe's economy continues to hum along.
The dollar grew weaker in general after data showed higher requests for unemployment benefits made to the U.S. government, accompanied by a decline in the income for producers. "Firstly, they make higher revenues in terms of their returns", John Moore, trader at Berkeley Capital, said. The ECB's stimulus effort also includes keeping its benchmark interest rate at a record low of zero.
A sharp rise in oil prices could also push inflation higher worldwide. The Canadian dollar was last trading flat at C$1.2525 to the greenback. Stock futures pointed 0.15% lower on Wall St while shares in Europe and Asia fell modestly. The Australian dollar rose to hit 3-months peak on Thursday as Australian dollar was boosted was boosted by upbeat retail sales data which painted a positive outlook for consumer spending and economic growth, while narrowing the odds on a rate hike this year.
The euro was up 0.2 percent at $1.2050, approaching its almost four-month high of $1.2089 set last week.
Germany's DAX 30 index fell 0.7% to 13,287.31, after dropping as much as 1%.
Euro jumps to 3-year high on German coalition breakthrough
What are markets doing: The Stoxx Europe 600 index was down 0.5% at 398.25, with only the financial sector rising, fronted by bank stocks. While the commodity-correlated Canadian Dollar was supported by three-year high oil prices, demand softened when it was announced that domestic building permits shrunk -7.7% in November, marking a significant turnaround from October's +4.4% gain.
Dow Jones closed up by 0.80 percent, S&P 500 ended up 0.70 percent, Nasdaq finished the day up by 0.79 percent.
While some have speculated that yesterday's move was only a technical change the move sent a ripple through the bond markets, pushing yields up on USA treasuries and other bond markets as traders and investors re-adjusted their positions amidst a worry that they might be underestimating the pace at which central banks might look to withdraw stimulus in the coming months.
The "Greenback" plummeted across the board following a Bloomberg report indicating that Chinese officials had recommended toning down Treasury purchases, which could have been a response to the 10-year interest rate peaking above 2.5%, or could be related to rumours that the U.S. government is planning sanctions against China.
Among other precious metals, spot silver was up 0.2pc at $16.97 an ounce from a two week low of $16.86 on Wednesday.
The minutes said that the European Central Bank revised its prediction and increased its growth estimate by 0.2 points to 2.4 percent in 2017, while it maintained inflation at 1.5 percent.
Banca Santander shares rose 1.95% to €5.81. The day before they hit its strongest since late 2014 at $64.77 a barrel. Brent's settlement still represents a three-year closing high.
In the US, the Labor Department reported that weekly jobless claims rose by 11,000 to 261,000 new claims, a three-month high.
Chase Koepka, Grace lead South African Open
I don't think I've ever made three eagles in a round so I'm happy", said the Nedbank Golf Challenge champion. Paisley, who is seeking his first European Tour title, said: 'I'm really happy coming off five weeks off.
Lawsuit Claims Ford Cheated Diesel Emissions Testing
BMW, Mercedes-Benz, General Motors and Fiat-Chrysler Automobiles have all faced similar litigation over diesel emissions. EPA emissions regulations" according to a statement sent by Ford spokesman Mike Levine.
The institutional investor bought 1,146 shares of the oil and gas development company's stock, valued at approximately $213,000. It improved, as 53 investors sold CMCSA shares while 517 reduced holdings. 78 funds opened positions while 211 raised stakes.
Currently, 0.05% of Chevron Corporation (NYSE:CVX) are owned by insiders with 64.31% six-month change in the insider ownership. It improved, as 46 investors sold BKD shares while 50 reduced holdings. 33 funds opened positions while 72 raised stakes.
For the Men in Green, the top scorer of the inning was Md Jail who added 90 runs at a healthy strike rate of nearly a run a ball. Thanks to the victory, India are placed on the top of the points table, followed by Pakistan and Sri Lanka in their group.
The possibility that the recent wave of violence might continue or expand casts a shadow over the future of the ELN peace process. "The National Government was always willing to extend the ceasefire with that organization and negotiates a new one".
The average Wall Street analyst rating for Intuitive Surgical, Inc.is Strong Buy, according to the average of 19 analyst scores. Cullen Frost Bankers reported 1,449 shares or 0.05% of all its holdings. (NASDAQ:TCX) to report earnings on February, 6.
Oriol Mena continued his solid run from yesterday to finish the stage at 23rd position, and an overall 21st place. David Casteu, the team manager, said, "The whole team is thinking about him and wishes him a speedy recovery".
Since McHV-1 was identified in 1932, researchers have only documented 50 cases of human infections, all from captive macaques. Macaques were introduced to the Sunshine State's Silver Springs State Park as a tourist attraction nearly 100 years ago.
He faces felony charges related to the manufacturing and distribution of methamphetamine and the improper disposal of chemicals. During his time on the reality show alongside Evans, Delp engaged in multiple run-ins with authorities.
After $0.31 actual EPS reported by Hilltop Holdings Inc. for the previous quarter, Wall Street now forecasts 25.81% EPS growth. Hgk Asset Mngmt holds 1.88% of its portfolio in International Business Machines Corporation (NYSE: IBM ) for 91,208 shares.
The stock was acquired at an average price of GBX 237 ($2.96) per share, for a total transaction of £4,365.54 ($5,448.07). The stock of Safestore Holdings plc (LON:SAFE) has "Hold" rating given on Wednesday, June 22 by Peel Hunt.
Chemring Group PLC develops, manufactures, and sells protection solutions for defense and security markets worldwide. Chou Associates Management Inc decreased Overstock Com Inc Del (OSTK) stake by 50.77% reported in 2017Q3 SEC filing.
GlaxoSmithKline (GSK) Downgraded by ValuEngine
Energy Opportunities Capital Management Llc sold 16,675 shares as the company's stock declined 3.74% while stock markets rallied. The shares were purchased at an average cost of GBX 1,518 ($20.30) per share, for a total transaction of £7,180.14 ($9,600.40).
One person killed in head-on collision on Highway 102
The Corolla's 36-year-old driver and a four-year-old boy in the vehicle were taken to hospital and are expected to survive. Police say three of the injured individuals were airlifted to hospital, while the fourth person was taken by ambulance.
Bears Hire Helfrich as OC
Hiring a veteran defensive coordinator was paramount for Nagy, a first-time head coach who will be directing the offense. After 21 years of coaching collegiately, Mark Helfrich is making the jump to the NFL.
U.S. factory activity accelerates in December
Tremendous December gains in domestic manufacturing made 2017 the strongest year for United States manufacturing since 2004. The ISM's headline manufacturing index rose to 59.7 from 58.2 in November, beating expectations for a drop to 58.1.
Align Technology, Inc. (NASDAQ:ALGN) EPS Projections in Focus
Moreover, Ameritas Prns Inc has 0% invested in Eldorado Resorts, Inc. (NASDAQ: ALGN ). 239 were accumulated by Smithfield Trust. It dropped, as 36 investors sold ALGN shares while 194 reduced holdings. 77 funds opened positions while 137 raised stakes.