Currencies linked to Chinese growth fell for the first time in over a week on Tuesday.» Read More
The dollar rallied for a second straight session on Wednesday.
The dollar rose on Tuesday, earning a breather from a slide to seven-month lows against the yen as U.S. Treasury bond yields climbed higher.
The euro hit a 6 1/2-month high and the yen struck a peak against the dollar as investors flocked to safe haven currencies.
Following calls for parity against the dollar just a few months ago, the single currency is now one of the few assets in the world rallying.
The dollar tumbled more than 1 percent against the euro and the yen on Friday.
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
Jon Hall, director of Mount Anvil, says investment purposes and education are among the primary motivators for Asian buyers to buy properties in London.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
*Sterling firm after pick up in UK inflation. The Bank of England is expected to follow the Fed with a hike, and that view was bolstered on Tuesday after better-than-expected core UK inflation numbers that sent sterling to a 7-1/ 2- year high on a trade-weighted basis. "The market may well look for a similar pick-up in the U.S. core inflation as we've seen in the UK, given...
*Sterling firm after pick up in UK inflation. SINGAPORE/ SYDNEY, Aug 19- The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China, while sterling held firm after a pick up in UK inflation kept prospects of a Bank of England rate hike in play. The euro rose 0.3 percent to $1.1050, inching away from a...
*Sterling boosted by a pick up in UK inflation. SYDNEY, Aug 19- Sterling held onto broad gains early on Wednesday, having posted its best performance against the euro in over a month after a pick up in UK inflation kept prospects of a Bank of England rate hike in play. The pound reached a seven-week high of $1.5717, before stepping back to $1.5661.
NEW YORK, Aug 18- The dollar rose against the euro and yen on Tuesday, getting a lift from data showing U.S. housing starts neared an eight-year peak in July, bolstering expectations that the Federal Reserve will raise interest rates as soon as next month. The British pound shot to a seven-week high of $1.5717 against the dollar. U.S. housing starts rose last month as...
LONDON, Aug 18- A 6 percent drop in Chinese stocks on Tuesday drove currency investors into safe-haven currencies such as the yen and the Swiss franc, albeit in thin volumes. That bolstered expectations that the Bank of England will raise interest rates in coming months and helped sterling gain 0.6 percent against the dollar and the euro. Earlier, China's main...
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on U.S. data.
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
The yuan suffered its biggest fall in over two decades on Tuesday.