Foreign exchange

EU SUMMIT Blair says UK not pressured over euro entry timetable
GOTHENBURG, Sweden (AFX) - UK Prime Minister Tony Blair said his EU counterparts did not press him for a timetable for the UK's entry into the euro during the two-day summit that ended on Saturday.
13:39 Saturday 16th June 2001

Forex: Yen sharply lower in New York trade on index-related selling
The yen was sharply lower against the dollar and other major currencies in afternoon trade, pressured by expectations that Japanese stocks will be sold as part of the FTSE's switch to a 'free float' system, dealers said.
19:49 Friday 15th June 2001

EU SUMMIT Solbes says UK euro entry prospects not discussed
GOTHENBURG, Sweden (AFX) - European Monetary Affairs Commissioner Pedro Solbes said the possibility of UK entry to the euro was not discussed at a meeting of EU leaders and finance ministers.
16:48 Friday 15th June 2001

Sweden's Ringholm says krona weakness will not rush euro entry
GOTHENBURG, Sweden (AFX) - Finance Minister Bosse Ringholm said the weakness of the krona will not result in a speedier entry into the euro.
16:46 Friday 15th June 2001

Forex: Euro lower in late London trade on benign U.S. economic data
The euro was lower in late London trade after headline U.S. inflation data was in line with expectations and fears of an intervention from the European central Bank ebbed away, dealers said.
16:17 Friday 15th June 2001

Eichel says speculation about Duisenberg's future weakening euro
Finance Minister Hans Eichel said speculation about the future of European Central Bank president Wim Duisenberg is weakening the euro.
15:30 Friday 15th June 2001

ECB sets reference rate at 0.8662 euro vs 0.8492 yesterday
The ECB said it set its euro reference rate at $0.662, versus 0.8492 yesterday.
14:01 Friday 15th June 2001

Forex: Euro higher in midday London trade on intervention speculation
The euro was higher in midday London trade on renewed intervention fears following the Swedish Riksbanken's intervention to support the krona, dealers said.
12:01 Friday 15th June 2001

AFX World markets summary - midday
Asia/Pacific closing levels:
11:01 Friday 15th June 2001

Swedish krona strengthens after central bank intervenes
The krona strengthened to around 10.56 against the dollar in late morning trade after the central bank intervened to support the national currency.
11:01 Friday 15th June 2001

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