Reuters

The euro rose for a third consecutive day on Thursday after breaking through a key technical level when a flurry of European business surveys pointed to a strengthening growth outlook for the region.

The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, after domestic data showed retail sales rose far less than expected in September.

Germany’s Social Democrats (SPD) should reconsider their opposition to joining a new “grand coalition” with Angela Merkel’s conservatives because Europe needs a stable government in Berlin, a senior ally of the chancellor said on Thursday.

British Prime Minister Theresa May will meet European Commission President Jean-Claude Juncker and his chief Brexit negotiator in Brussels on Monday, Dec. 4, the EU executive confirmed on Thursday.

Oil slipped on Thursday on concerns that rising U.S. output would hamper OPEC’s attempts to tighten supplies, outweighing worries about the shutdown of a major U.S. pipeline.

The dollar nursed losses on Thursday after posting its biggest loss in five months in the previous session as investors dialed down expectations on the outlook for U.S. interest rate hikes next year based on minutes from the Federal Reserve’s latest policy meeting.

Economic growth and corporate earnings look solid, unemployment is the lowest in decades and there’s no inflation to speak of, so the U.S. economy and world markets can take two or three more U.S. rate hikes in their stride, right?

OPEC will need to extend supply cuts when it meets next week to end years of global oil oversupply, oil ministers from two OPEC members said on Wednesday.

When Theresa May visits Brussels on Friday, EU negotiators will be listening intently for signs the British prime minister is preparing to risk a domestic backlash and raise her offer to secure a Brexit deal in December.

The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought.