Yen and euro edged higher on Tuesday as investor focus on carry trades and bets in risk assets was dominated by falling Asian equities.» Read More
The yuan suffered its biggest fall in over two decades on Tuesday.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
The slump in EM currencies could persist well past the Fed's first rate rise, due to Chinese economic weakness and commodity prices that have yet to bottom out, analysts have warned.
The dollar dropped from a near four-month high against a currency basket on Friday, as investors pared back bullish bets following jobs data.
LONDON, Aug 7- The Bank of England hit the public with a barrage of economic forecasts this week but made no mention of what may prove the biggest influence on when it starts to raise interest rates-- what the U.S. "The way the Bank of England puts out its rhetoric, they center it around sterling. But in reality it has got more to do with the global economy's response to the...
LONDON, Aug 7- Major currency markets steadied on Friday, the dollar stuck in the middle of a range it has held since March after a roller-coaster week for expectations on U.S. interest rates. Traders said a number near the forecast 223,000 jobs was likely to encourage bets that rates will rise within months and prod the dollar towards $1.0850 per euro.
NEW YORK, Aug 6- The dollar retreated against major currencies in choppy trading on Thursday in a week that has seen the greenback on a generally firmer trend, as investors balanced their positions ahead of Friday's crucial U.S. nonfarm payrolls report. "We've had a mixed bag of U.S. data this week, but it has been generally positive, positive enough to keep the...
The dollar edged lower against major currencies in choppy trading on Thursday, as investors balanced their positions ahead of Friday's data.
NEW YORK, Aug 6- The dollar edged lower against major currencies in choppy trading on Thursday, in a week that has seen the greenback on a generally firmer trend, as investors balanced their positions ahead of Friday's crucial U.S. nonfarm payrolls report. Sterling, meanwhile, fell following a dovish message from the Bank of England, with only one member voting for...
LONDON, Aug 6- A less hawkish message than expected on Bank of England interest rates dominated major currency markets on Thursday, sending sterling a full cent lower, while the Swiss franc hit a five-month low as consumer morale dropped. Federal Reserve and the Bank of England, just one of the nine officials on the BoE's policy committee voted for higher rates.
Simon French, chief economist at Panmure Gordon, talks about inflation, sterling and what we are likely to hear from the Bank of England on "Super Thursday".
TOKYO/ SYDNEY, Aug 6- The dollar inched lower against a basket of currencies while staying near a more than three-month high on Thursday, after U.S. data provided more evidence that the U.S. The dollar was a few ticks lower against the yen at 124.790 yen after briefly popping above 125.000 on Wednesday for the first time since early June. It also hit a fresh six-year...
It also hit a fresh six-year high on the New Zealand dollar, which skidded to $0.6490. Dollar bulls took heart after the Institute for Supply Management's services sector index jumped to 60.3 last month, the highest reading since August 2005. "USD and U.S. yields seesawed on the mixed data, but emerged higher with the booming non-manufacturing ISM outweighing ADP...
The dollar traded little changed on Wednesday as data showed the U.S. services sector expanded at its fastest pace in 10 years.
Alan Clarke of Scotiabank discusses the Bank of England and the strength of sterling.
The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.