The dollar slipped on Tuesday after as traders bought back the euro, long depressed by expectations of policy easing from the ECB.» Read More
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The euro rose against the dollar for a third straight session Monday, touching an 11-month high, as investors continued to trade off of diminished expectations of ECB monetary easing.
European equities ended at their lowest in nearly a week on Monday, with an early sell-off in U.S. shares on concerns over demand for Apple's iPhone 5 prompting some investors to take profits.
Output at euro zone factories fell for the third straight month in November and against expectations of a rise.
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The euro rose to its highest level since April 2012 against the dollar Friday with investors continuing to trade on the absence of any hints as to future euro zone interest rate cuts.
European equities stalled on Friday, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits.
Europe's peripheral economies face a re-run of the U.K.'s "winter of discontent", with high unemployment and stagnant growth, according to a report by Goldman Sachs.
The dollar corrects after Thursday's selloff and a credit rating cut hits the rand - it's time for your FX Fix.
British industrial output grew less than expected in November, despite a strong rebound in oil and gas production, adding to evidence that the economy may have contracted in the last three months of 2012.
Germany's economic performance declined in the fourth quarter of the year as industry reduced its production in line with weak European demand, the country's Economy Ministry said on Friday.
A fall in euro zone government bond yields, rallying regional equity markets and a stronger euro suggest that six months after Mario Draghi pledged to save the euro zone from collapse, the European Central Bank (ECB) chief appears to be winning his battle with financial markets.
The euro catapulted to an 18-month high versus the yen and hit a one-week peak against the dollar Thursday after the European Central Bank gave no indication of cutting rates.
European shares closed narrowly mixed after the European Central Bank and the Bank of England left interest rates unchanged Thursday, while a better-than-expected trade report from China provided support for investor sentiment.