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
After a more than seven-year mire, China stocks may finally be on the cusp of a long-term bull run, shrugging off an economic slowdown, analysts said.
The U.K. pound hit a fresh 17-month low against the U.S. dollar on Tuesday and currency experts are split on which way the currency will head next.
The safe-haven yen rose as investor risk aversion mounted following a sharp drop in crude oil and stocks.
The euro fell to near a nine-year low, hit by concerns that Greek elections will result in a government that will aim to cancel austerity measures.
The euro fell to its lowest in 4-1/2 years against the dollar on Friday after the head of the ECB fanned expectations of QE later this month.
The U.S. dollar hit its highest level since March 2006 on Friday, as the euro fell on speculation about imminent monetary easing tactics.
Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.
China's factory activity sputtered in December, underlining challenges facing the country's manufacturers amid rising costs and softening demand.
The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday.
In a fresh sign China's economy is slowing, the final China HSBC PMI for December indicated manufacturing contracted for the first time in seven months.
The yen gained sharply against both the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency.
The euro inched up but remained near two-year-lows after a key vote in Greece failed to secure a new president.
China's trade will grow 3.5 percent in 2014, implying it will miss official targets, according to a report on a government website that was later revised.
The dollar edged up against the yen on Friday on light bargain hunting, with markets slowly getting into gear after the Christmas holiday.
India's long-held position as the world's top diamond polisher is being challenged by soaring output from China.
Chinese investment banks have awarded the first pay rises since the financial crisis, but salaries and bonuses still trail Western banks'.
Currency strategists are pondering whether there is more volatility in store for the ruble.
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.
Asian currencies may take a wild ride in 2015 with central bank policies set to diverge as the Fed prepares to raise interest rates, analysts say.
Political unrest kept tourists away from Thailand for much of this year, but a surge in Chinese travelers may signal a recovery ahead, analysts say.