The dollar reached an 8 1/2-month high on Monday, as the prospect of further stimulus from the European Central Bank drove the euro lower.» Read More
China's four-week-long stock market rout has wiped 28% off the Shanghai Composite and inflicted pain on Asian firms exposed to the mammoth economy.
Toby Lawson, Managing Director of Societe Generale Newedge, says foreign investors still feel spooked from Beijing's recent intervention, but he doesn't expect that to last for too long.
The dollar strengthened across the board on Monday after euro zone leaders clinched a deal with Greece in an all-night summit.
The euro fell sharply despite Greece reaching a deal, as investors turn their attention to the timing of a U.S. interest rate hike.
Mirza Baig, Head of Foreign Exchange and Interest Rate Strategy, Asia, BNP Paribas, believes policy divergence between Europe and the U.S will be the primary catalyst for the euro once the Greece drama is done.
*Japan stocks lead Asia higher, U.S. SYDNEY, July 13- The euro steadied on Monday after an early dip while top-rated bonds stayed in demand as the Greek debt crisis seemed set to rumble on for yet another week, though the market mood was helped by improving trade numbers from China. Japan's Nikkei managed to bounce 1.1 percent, while MSCI's index of Asia-Pacific...
Rahul Chadha, Co-Chief Investment Officer at Mirae Asset Global Investments Hong Kong, is confident both creditors and Athens can reach a compromise.
The euro advanced across the board on optimism Greece was making progress in efforts to secure funding and stay in the euro zone.
The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded.
Uwe Parpart, managing director and head of research at Reorient Financial Markets, says it is time for the People's Bank of China (PBOC) to take convincing easing steps now.
The yen rose to a seven-week high against the dollar on Wednesday, as investors bought the Japanese currency for safety.
LONDON, July 8- China's stock market turmoil is increasingly feeding through to its currency, driving up the cost of hedging against swings in the offshore yuan exchange rate while derivatives markets signal a bias for more weakness ahead. While volatility is low compared to other emerging markets, the implied gyrations are remarkable for a currency which is...
NEW YORK, July 8- World markets were shaken on Wednesday by a crash in Chinese stocks and concerns after euro zone leaders set an end-of-week deadline for Greece to produce proposals to secure a loan deal, while commodities prices stabilized. U.S. stocks were down 1 percent in early trading after a 6.75 percent plunge in China shares overnight.
The euro will dip if Greece leaves the euro zone, but a protracted downtrend is unlikely, FX strategist Jens Nordvig says.
The euro fell more than 1 percent against a buoyant U.S. dollar on Tuesday.
The euro slipped against a stronger dollar, falling over 1 percent after the European Central Bank toughened up on Greek banks.
Joe Zidle, portfolio strategist at Richard Bernstein Advisors, says Chinese stocks may "overshoot on the downside" as the economy continues to deteriorate.
The euro tumbled across the board, but was off its lows, after Greece voted to reject the conditions tied to the country's debt bailout deal.
*China to be an exception. That stands in contrast to the bumpy ride ahead for emerging markets outside of Asia, especially Latin America, where analysts appear fearful of the impact of higher U.S. rates and Greece's stand-off with its creditors. "Asian emerging currencies are likely to be more resilient than some of the emerging currencies, such as in Latin...
The dollar stuck around as disappointing US jobs data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.