The dollar took back some ground lost when bulls got cold feet after data showed manufacturing contracted in for the first time in three years.» Read More
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.
The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations.
The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.
The euro was broadly lower as investors braced for the near certainty that Greece will default on a repayment to the IMF.
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.
The ongoing Greek debt talks left currency markets in tight ranges on Friday.
Positive comments on the renminbi from the U.S.-China Strategic and Economic Dialogue may help the currency to gain SDR status, says Mirza Baig, Asian currency strategist at BNP Paribas.