NEW YORK The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash.
LONDON British housebuilders surrendered part of their hefty gains on Wednesday after British finance minister George Osborne announced plans to raise property tax for those who buy a house in order to rent it and on second homes.
NEW YORK Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil.
SYDNEY The euro remained shaky early on Thursday, having slid to its lowest in over seven months on the prospect of further policy stimulus from the European Central Bank (ECB).
LONDON Sterling weakened to trade near a two-week low against the euro and the dollar on Wednesday, with investors selling the currency on expectations that a fresh bout of fiscal austerity in Britain would keep interest rates lower for longer.
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