NEW YORK, Nov 27- The dollar rose across the board on Friday, hitting an eight-month high against a basket of currencies as speculation the Swiss National Bank would follow the European Central Bank in cutting deposit rates further pushed major competitors lower. The euro rebounded in afternoon U.S. trading to move back above $1.06 after falling near...» Read More
The dollar jumped to an 11-1/2 year high as U.S. employment growth bolstered market sentiment that the Fed was closer to raising interest rates.
The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains.
The dollar reached highs on Wednesday on solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low.
Hayden Briscoe, director of Asia Pacific Fixed Income at AB, says the rise in funding rates following a rate cut over the weekend could mean that China's policy transition mechanism is broken.
The dollar softened on Tuesday after touching an 11-year high against major currencies.
The dollar edged up with the greenback touching an 11-year peak despite soft economic data.
The dollar index ended stayed on track for a record eighth month of gains on improving data and comments from Fed officials.
The dollar rose to a one-month high as data on U.S. inflation and business orders and Fed officials' remarks.
The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.
The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.
The Swiss franc shed over 1 percent against the dollar, dropping towards five-week lows as some of the Greece-related safety flows waned.
The Shanghai-Hong Kong stock connect's lukewarm reception may heat up, with the Hong Kong market saying it plans to allow short-selling from March 2.
The euro jumped against the dollar in midday trading on reports that a deal had been reached between Greece and the European Central Bank.
The dollar recovered on talk the Swiss National Bank was buying the greenback.
As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown.
The euro recovered from initial losses, helped by a bounce in German investor sentiment.
The euro inched higher ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece.
In order to fuel a pick-up in exports, Beijing will try to keep the yuan "reasonably stable, which could entail some weakening against the dollar", says Simon Cox, MD & investment strategist, Asia Pacific at BNY Mellon Investment Management.
The euro edged higher on Friday, putting it on course for a third straight week of gains, its best performance in just under a year.
The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data.