Currencies Foreign Exchange

  • The dollar bobbed higher on Thursday but major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole.

  • TOKYO, Aug 25- The dollar bobbed higher in Asian on Thursday but major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy. Futures markets on Wednesday were indicating an 18 percent chance the U.S. central bank would hike...

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, but gains were capped by uncertainty ahead of Federal Reserve Chair Janet Yellen's speech at a central bankers' conference on Friday. Late on Wednesday, futures markets assigned an 18 percent chance the Fed would hike rates at its...

  • Investors focused on a gathering of central bankers for clues on when the U.S. Federal Reserve will hike interest rates again.

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • European stocks rise, led by bank sector rally

    CNBC's Seema Mody reports on all the market moving events in Europe today, including Glencore dragging down the miners after its first half results.

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, although gains were capped by uncertainty ahead of a meeting of central bankers on Friday. Policymakers from across the globe will gather at the U.S. mountain resort of Jackson Hole at the end of the week, where the focus lies squarely on a...

  • LAGOS, Nigeria— Nigeria's Central Bank has banned nine local banks from trading in foreign exchange, accusing them of withholding $2.1 billion in government funds and "round-tripping" to profit from a devalued naira currency. The Central Bank on Tuesday said it would punish banks accused of withholding the money belonging to the state oil company that was to be...

  • LONDON, Aug 24- European stocks edged toward consecutive daily gains for the first time in three weeks on Wednesday, drawing support from a weak euro as investors moved to price in a U.S. interest rate rise, boosting the dollar. Some observers said that, on a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in...

  • Japanese Yen

    The Japanese yen has been a star performer in 2016, and everyone is wondering where this currency goes next.

  • *Focus on Yellen speech at Jackson Hole on Friday. Policymakers from across the globe will gather in the U.S. mountain resort of Jackson Hole at the end of the week, where the focus lies squarely on a speech by Fed Chair Janet Yellen. A raft of U.S. housing data due later in the day was not seen as likely to move the dollar much ahead of the all-important Jackson Hole...

  • *Focus on Yellen speech at Jackson Hole on Friday. The main focus remained on the global central banks that will gather in the U.S. mountain resort of Jackson Hole later this week, where Fed Chair Janet Yellen will give a speech on Friday. "We're so focused on what guidance we might or might not get on Friday that we're really just drifting around in these ranges at the...

  • SAO PAULO, Aug 23- Mexico's peso deepened losses on Tuesday after Standard& Poor's cut the country's sovereign credit outlook to negative, while other Latin American currencies weakened following strong U.S. housing data ahead of Fed Chair Janet Yellen's speech Friday. Mexico's peso weakened for the fifth straight session to its worst level in two weeks after...

  • HONG KONG, Aug 24- China's yuan bounced back to be the fifth most-active currency for global payments in July, thanks to a big fall in payments in other currencies, global transaction service provider SWIFT said on Wednesday. Nearly 40 percent of yuan payments by South African institutions were offshore payments exchanged with countries other than China/ Hong...

  • TOKYO, Aug 24- Japan's Nikkei share average rose on Wednesday with a pause in the strong-yen trend lifting cyclical stocks, while hopes that the Bank of Japan would buy more exchange traded funds continued to support sentiment. Financials were also in demand, with Nomura Holdings rising 1.5 percent, Daiwa Securities advancing 1.3 percent and Mizuho Financial...

  • A magnifying glass is used to inspect newly printed one dollar bills at the Bureau of Engraving and Printing o

    JPMorgan has gone short the dollar against the euro and the yen, but don't blame the greenback.

  • *Yellen due to speak at Jackson Hole on Friday. *Muted reaction to North Korea missile news. TOKYO, Aug 24- The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a gathering of global central bankers in Jackson Hole, Wyoming for clues on whether the Federal Reserve is poised to hike interest rates again.

  • *Canadian dollar at C $1.2910, or 77.46 U.S. cents. Oil rallied after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. The oil-related news helped push the Canadian dollar through resistance around C $1.2900, although it pared some gains as the market turned its attention to Federal Reserve Chair...

  • Investors shifted their focus away from hawkish remarks on interest rates by Fed officials and towards Friday's Jackson Hole meeting.

  • speech@ SAO PAULO, Aug 23- Latin American currencies slipped on Tuesday following strong U.S. housing data, but caution prevailed ahead of Fed Chair Janet Yellen's speech on Friday. Mexico's peso weakened for the fifth straight day, and the Colombian peso fell about 1 percent, despite rising crude prices. Traders also awaited suspended President Dilma...