REUTERS SUMMIT-2015 seen as year of dollar strength - unless it delays Fed hike LONDON, Nov 21- Investment chiefs at the world's biggest asset managers this week unanimously forecast a stronger dollar in 2015, but they were far more cautious than many big banks on how far it would rise against the euro. Six months into a long-awaited rally for the dollar, Goldman Sachs and Deutsche Bank are among those predicting that this is just the start of...
| By: Patrick Graham
Square's point-of-sale service goes global LONDON- Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese. The company, whose small cubic credit card reader can be used to turn a smartphone or a tablet into a portable sized till, isn't yet offering the distinctively shaped...
Source: The Associated Press
ECB drops Citi from FX contact group FRANKFURT, Nov 21- The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to stop traders from trying to manipulate the currency market. A spokesman for Citi in London declined to comment. Citi's fines last week totaled $1.018 billion, made up of $358...
| By: Eva Taylor and Jamie McGeever
FOREX-Euro drops as Draghi raises stimulus hopes NEW YORK, Nov 21- The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon. "They have added significant liquidity to a global system that already has ample liquidity," said Lane Newman, director of foreign exchange...
| By: Karen Brettell
Santelli: Let's talk China CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
GLOBAL MARKETS-Shares soar as China cut rates, Draghi drives for QE *Shares soars as China cuts rates, Draghi talks bond buying. *Euro tumbles on Draghi, Aussie rises on China. LONDON, Nov 21- World shares surged on Friday as China surprised markets with its first interest rate cut in more than two years and the European Central Bank's Mario Draghi threw the door wide open to full scale money printing.
| By: Marc Jones