LONDON, July 28- Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the pound in the hours after the vote to leave the European Union on June 23, sterling has proved more... » Read More
A major benefit of the U.S. shale boom is how deeply it has cut into the vast the trade imbalance, bolstering the dollar.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
There was quite a stir overnight when it was revealed that high-yield funds saw $7.07 billion in outflows.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including those stocks hit hardest by Russia and major Europe indices have entered correction territory.
In the face of turmoil around the world, it's safe to say the macro front is fairly chaotic.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, after ECB President Mario Draghi's press conference.
With everyone distracted by Ukraine and Russia, Europe is becoming an increasing risk for markets.
Phyllis Papadavid, senior global FX strategist at BNP Paribas CIB, says the euro will continue to weaken against the dollar and will hit $1.30 by the end of the year.
The dollar held near an 11-month high, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for the German DAX from correction territory and a recession in Italy.
Wednesday's news cycle indicates hings are a real mess again in Europe.
Luis Costa, head of CEEMEA FX and rates strategy at Citi, discusses the prospects of the euro and why analysts have been wrong on its price movement.
The US dollar extended a rally after an 8-1/2 year high in services growth and a bigger-than-expected increase in factory orders.
Target lowers its outlook as the data breach hurt sales; however, there are other factors at play as well.
CNBC's Kayla Tausche reports on all the market moving events in Europe today, including BMW reporting a rise in Q2 operating profit.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
The euro headed back below $1.34 on Tuesday after a survey of Italian service sector purchasing managers disappointed on the low side.
Emerging market currencies are likely to remain weak for the long term, and that's spurring a strategy shift, General Motors said.
Valentin Marinov, director of FX strategy at Citi, says the dollar is re-emerging as the "ultimate safe haven" currency as the euro looks "vulnerable".