Global bonds rack up biggest losses in more than 25 years
Bank of England's Broadbent defends low interest rates
European markets fall
Jim O'Neill joins George Osborne's northern powerhouse thinktank
Mario Draghi: ECB stimulus will last
European markets are mixed in early trading
The agenda: euro in record losing streak as markets await Draghi speechGood morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The dollar’s gain is the euro’s loss, with strength in the US currency pushing the euro below $1.06 for the first time in almost a year. It is currently trading at $1.0596.
The single’s bloc’s currency is suffering its longest run of losses since 1999, when it first launch as an accounting currency, according to the FT’s analysis of Bloomberg data.
The dollar’s latest boost comes from Janet Yellen, the chair of the Federal Reserve, who hinted to Congress on Thursday that another rate hike in December was on the cards.
Mario Draghi, president of the European Central Bank, is due to give a speech in Frankfurt shortly. Investors will listen closely for his views on the current outlook for the eurozone, and any hints on possible changes to monetary policy.
For Updates Click: https://www.theguardian.com/business/live/2016/nov/18/euro-in-record-losing-streak-against-the-dollar-business-live