Currencies Foreign Exchange

More

  • NEW YORK, May 27- The dollar index rose on Friday, on track for its strongest monthly performance since last November, before U.S. "The headline was a little softer than expected, but not really anything that dents the outlook for what we've seen from Fed speakers, which seems to be a bit more hawkish since we've gotten the release of the April minutes last week," said...

  • Brexit would cause euro-sterling parity: Strategist

    Ramin Nakisa, global macro strategist at UBS, says "Brexit" would have an impact on growth and the biggest effect would be on foreign exchange.

  • SYDNEY/ SINGAPORE, May 27- The dollar stayed in consolidation mode on Friday after its rally to two-month highs ran out of steam with bulls looking for fresh guidance from the head of the U.S. central bank. If it's all kind of planned or if it's just individual members speaking, "said Jesper Bargmann, head of trading for Nordea Bank in Singapore, referring to the Fed...

  • *G7 criticises N Korea, Russia. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. "Global growth remains moderate and below potential, while risks...

  • ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers expressed concern on Friday about risks to the world economy and pledged to seek strong, sustainable growth. In a statement ending a two-day G7 summit in central Japan, the leaders also committed to avoiding "competitive devaluation" of their currencies while warning against wild exchange-rate...

  • *Dollar nurses losses after falling to lowest in over a week. SYDNEY, May 27- The dollar stayed in consolidation mode early on Friday after its rally to two-month highs ran out of steam with bulls looking for fresh guidance from the head of the U.S. central bank. Dollar bulls are now keen to hear from Fed Chair Janet Yellen, who is due to speak at an event hosted by the...

  • MEXICO CITY, May 26- Latin American currencies strengthened on Thursday after weak U.S. data on business spending plans dampened expectations for a Federal Reserve interest rate increase in the coming months. Mexico's peso has shed nearly 7.0 percent in May, the second worst performer among the 36- most traded currencies, behind the South African rand.

  • *Loonie touched its strongest since May 18 at C $1.2912. TORONTO, May 26- The Canadian dollar strengthened to a one-week high against its U.S. counterpart on Thursday as oil moved briefly above $50 a barrel, while the market's expectation of future volatility for the currency fell to its lowest in four months. U.S. crude oil futures traded above $50 for the first time...

  • The dollar fell against the euro, yen, and franc after U.S. economic data showed weakness in business spending plans.

  • LONDON, May 26- The first global code of conduct for currency trading has banned dealers from lying and starting false rumors as part of new guidelines aimed at rebuilding trust in a foreign exchange market plagued by scandals and accusations of manipulation. "The foreign exchange industry has suffered from a lack of trust," Reserve Bank of Australia Assistant...

  • Markets inch back at European close

    CNBC's Simon Hobbs reports on all the market moving events in Europe today.

  • *Euro hits session high of $1.1216. NEW YORK, May 26- The U.S. dollar fell against the euro, yen, and franc on Thursday after U.S. economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. "The market is not really seeing any signs here of an improvement in business spending," said Thierry...

  • LONDON, May 26- The $5 trillion a day market in foreign exchange may be free to grow again after a static three years hampered by doubts over regulation and what traders can and cannot say to each other, the head of global settlement bank CLS said on Thursday. Speaking to Reuters before the launch of a new global FX code on which he has led work by banks and other...

  • LONDON, May 26- The first global code of conduct for currency trading has banned dealers from lying and starting false rumors as part of a raft of new guidelines aimed at rebuilding trust in the world's biggest financial market. "The foreign exchange industry has suffered from a lack of trust," Reserve Bank of Australia Assistant Governor Guy Debelle, who chaired...

  • LONDON, May 26- An early surge in the yen in Asia on Thursday put a dampener on any further progress for the dollar after a bullish two weeks and spurred speculation U.S. investors are opposing any gains past 110.50 yen. Two dealers with banks in London, asking not to be named, said the yen now seemed to be pinned between around 107 and 110.50 yen per dollar, with the top...

  • JAPAN'S SEKO: FOREX WAS NOT DISCUSSED AT G7 TALKS ON FREE TRADE.

  • LONDON, May 26- An early surge in the yen in Asia on Thursday put a dampener on any further progress for the dollar after a bullish two weeks and spurred speculation U.S. investors are opposing any gains past 110.50 yen. Two dealers with banks in London, asking not to be named, said the yen now seemed to be pinned between around 107 and 110.50 yen per dollar, with the top...

  • TOKYO, May 26- The yen surged on Thursday, taking some of the wind out of the sails of the recently buoyant dollar and prompting investors to cover positions against a backdrop of potential event risks, including a speech by Federal Reserve chief Janet Yellen. The dollar earlier had stuck close to recent ranges, as investors looked for Yellen to provide clues on...

  • TOKYO, May 26- Japanese stocks inched higher in choppy trade on Thursday following a rise in oil prices and gains on Wall Street, but indexes remained vulnerable to yen volatility as the currency see-saws against the dollar. "Since the beginning of the month we've seen the yen slide back against the dollar but the return is far from linear and the intra-day...

  • TOKYO, May 26- The yen surged on Thursday, taking some of the wind out of the sails of the recently buoyant dollar and leaving investors scrambling to cover positions. The dollar earlier had stuck close to its recent ranges, as investors looked ahead to a speech by Federal Reserve chief Janet Yellen on whether a rate increase is imminent and on a pending decision on a...