HONG KONG, Oct 6- China's yuan became the fourth most-used world payment currency in August, overtaking the Japanese Yen, global transaction services organization SWIFT said on Tuesday. Singapore processed 24.4 percent followed by the United Kingdom with 21.6 percent. About 600 of these institutions used the yuan for payments without a leg with China or Hong...» Read More
The euro was back against the dollar on Friday, rebounding from a 2-1/2-month trough as investors booked profits on bearish positions.
The euro bounced back thanks to the Bank's of England's loose monetary policy and Asian central banks.
The euro steadied against the dollar on Wednesday and rebounded from a 16-month trough against the British pound.
Traders borrowing U.S. dollars to fund investments in other currencies should beware, with analysts expecting the greenback to strengthen.
Dariusz Kowalczyk, Senior Economist and Strategist at Credit Agricole, explains why U.S. Treasury Secretary Jacob Lew may not succeed in persuading Beijing to let the yuan appreciate.
The euro fell against sterling on growing bets the European Central Bank and the Bank of England will take opposite courses of action.
The euro slid after strong words from European Central Bank chief Mario Draghi halted its march to a 2-1/2 year high.
The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario Draghi that halted its march this year to a 2-1/2 year high.
The US Dollar, euro and British pound are all falling following a meeting of the European Central Bank.
Positive signs from the US economy have failed to boost the greenback, while tensions in Ukraine are driving traders to the yen.
The yen rose to a two-week high against the dollar on Monday after a survey showing China's manufacturing activity contracted.
The dollar inched up from a three-week low on Friday, on expectations of a robust U.S. jobs number, after a weak growth report earlier this week.
The euro trod water in early European trade on Wednesday with all eyes on euro zone inflation numbers due later.
The euro traded at multi-week highs against the yen early on Tuesday and held firm against the dollar after a strong performance overnight.
The euro rose to a two-week high against the dollar on Monday, supported by expectations inflation in the euro zone will tick up.
Key U.S. data culminating in Friday's closely-watched jobs report and the Fed's target measure of inflation a day earlier may offer some sustenance to a directionless dollar, CNBC's latest market survey showed.
Michael Kurtz, Global Head of Equity Strategy at Nomura, says Beijing's move to relax currency controls for multinationals is a sign that regulators are doing their best to reverse hot money inflows.
The dollar struggled against the yen and Swiss Franc as rising tensions in Ukraine offset optimism about U.S. economic growth.
In 25 years the U.S. dollar will probably still be the world's reserve currency, and bitcoin may not be around at all.
The euro struggled to make headway on Thursday amid caution before a speech by ECB President Mario Draghi.