Currencies Foreign Exchange

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  • NEW YORK, Feb 9- The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. The U.S. dollar index, which measures the greenback against a basket of world currencies, fell to...

  • LONDON, Feb 9- The Swedish crown has weakened against the euro ahead of a Riksbank meeting on Thursday but there are doubts in the foreign exchange market that any cut in interest rates would have a lasting negative impact on the currency. Instead, Sweden's may be the latest central bank to discover that there are limits to how far deeply negative interest rates...

  • LONDON, Feb 9- Currency markets upped bets on gains for the yen in the next month to their highest in almost six years on Tuesday, a reflection of the scale of market stress which has sent investors scuttling for the traditional security of Japan. "As much by default, the yen in current circumstances remains the most likely currency to benefit from a dollar pause,"...

  • Banks leading European markets in negative spiral

    CNBC's Simon Hobbs reports on how European banks are leading the tumble in markets, what the ECB may do to deposit rates, and the end of rally for mining.

  • NEW YORK, Feb 9- The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc. A selloff in major stock markets worldwide and increased worries about Europe's banking sector also shook confidence in the dollar, which has moved in line with risky...

  • LONDON, Feb 9- The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banking sector underpinned demand for safe-haven currencies. Europe's banking index fell 1.3 percent and yields on southern European government bonds rose, keeping gains in the euro limited.

  • LONDON, Feb 9- The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banks stoked demand for safe-haven currencies. Europe's banking index fell 1 percent and yields on southern European government bonds rose, pushing the euro lower against the dollar to $1.1185.

  • *Most of Asia still shut for Lunar New Year holidays. TOKYO/ SYDNEY, Feb 9- The dollar briefly crashed through the 115- yen level to its lowest since November 2014 on Tuesday, as a sell-off in European and U.S. stocks continued into the Asian session and stoked demand for the perceived safe-haven Japanese currency. "What a panic situation," said Kaneo Ogino, director at...

  • DOLLAR/ YEN FALLS BELOW 115.17 YEN, HITS LOWEST LEVEL SINCE NOV 2014.

  • *Most of Asia still shut for Lunar New Year holidays. SYDNEY, Feb 9- The yen held at its highest in over a year against the dollar early on Tuesday, having soared broadly as a selloff in European and U.S. stocks stoked demand for the safe-haven currency. Against the greenback, the euro flirted with $1.1200 after bouncing off Monday's low around $1.1086.

  • Dollar falls to 15-month low versus yen Monday, 8 Feb 2016 | 4:27 PM ET

    The yen surged by half a percent against the dollar as worry over Europe's banks drove capital to the safety currecny.

  • CAIRO, Feb 8- General Motors has temporarily suspended its operations in Egypt due a currency crisis, a company source told Reuters on Monday. Import-dependent Egypt has been in economic crisis since a 2011 uprising and susequent political turmoil drove foreign investors and tourists away. General Motors's Egypt operation includes assembling trucks and...

  • *Dollar falls to lowest vs yen since November 2014. NEW YORK, Feb 8- The dollar fell to a 15- month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency. "A bit of it is positioning," said Charles St-Arnaud, senior...

  • European banks take a beating Monday, 8 Feb 2016 | 11:30 AM ET
    European banks take a beating

    CNBC's Simon Hobbs reports on a broad-based decline in European stocks today, including beaten-down European banks.

  • CAIRO, Feb 8- Egypt is drafting its next budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, weaker than the central bank's official rate, two government sources said on Monday, indicating the monetary authority may be preparing to devalue. Egypt's fiscal year begins in July. "The government has begun preparing the state budget in...

  • FOREX-Yen gains as banking worries hit euro, stocks Monday, 8 Feb 2016 | 8:06 AM ET

    LONDON, Feb 8- The yen surged by half a percent against the dollar on Monday as worry over Europe's banks drove capital to the safety of the Japanese currency. It fell 0.4 percent against the dollar, to $1.1121. "The strong yen stands out," said Stephen Gallo, a strategist with BMO in London.

  • LONDON, Feb 8- The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. The case for a single interconnected adjustment was made by Jaime Caruana, general manager of the Bank for International Settlements on Friday. Much of the borrowing has been conducted in U.S. dollars and was made possible by low...

  • FOREX-Dollar back on defensive as stocks head lower Monday, 8 Feb 2016 | 5:03 AM ET

    LONDON, Feb 8- The dollar turned lower against the euro in Europe on Monday as stock markets resumed their decline, wiping out gains based on Friday's U.S. jobs report. "Ultimately the dollar is still likely to trade on a weaker footing," said Lee Hardman, a currency economist with Bank of Tokyo-Mitsubishi-UFJ in London. The Aussie dollar was up 0.5 percent against its...

  • Total foreign exchange trading volume across TR platforms, including forwards, swaps, options and non-deliverable forwards rose 12 percent on the month to $377 billion from $337 billion, but fell 5 percent on the year from $398 billion. The latest numbers from the Bank of England and New York Federal Reserve last month painted a similar picture.

  • CAIRO, Feb 8- Egypt is drafting its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar compared to 7.75 pounds this fiscal year, two government sources said on Monday, indicating the central bank is preparing to devalue. Egypt's central bank has defended the pound against growing pressure to devalue, but with foreign exchange...