LONDON, Aug 5- The dollar hit a 3-1/ 2 month high against a basket of currencies on Wednesday after a voting member of the U.S. Atlanta Federal Reserve President Dennis Lockhart's comments supported dollar bulls, many of whom were having a rethink about whether the Fed would raise rates this year after subdued wages and tepid growth in the first quarter clouded the...» Read More
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The luxury markets worldwide are under pressure again.
*U.S. jobs data on Friday in focus. NEW YORK, Aug 3- The dollar gained on Monday as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market. "The labor market data on Friday is the big event," said Win Thin, global head of emerging market strategy at Brown Brothers Harriman& Co in New York.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the big question for Greece after reopening the market.
*U.S. manufacturing activity fell in July. NEW YORK, Aug 3- The dollar pared gains against the euro on Monday after data showed the pace of growth in the U.S. manufacturing sector slowed in July. The Institute for Supply Management said its index of national factory activity fell to 52.7 from 53.5 the previous month.
*July PMI in China curbs risk sentiment. LONDON, Aug 3- Weak data from China helped push oil prices to their lowest in six months on Monday, knocking the Canadian dollar, and sent Asian stocks close to their 2015 lows. The S&P 500, Dow Jones Industrial and Nazdaq markets all looked set to open little changed, shrugging off the troubles of Greece whose stock market...
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
LONDON, Aug 3- The euro fell against the dollar on Monday as the Greek stock market plunged on its reopening following a five-week shutdown during which the country risked being pushed out of the euro zone. The dollar rose to C $1.31725, its highest September 2004. The euro slipped as low as $1.0953, having traded at $1.0990 in early London trade, with most investors...
LONDON, Aug 3- The euro fell against the dollar on Monday, giving up earlier gains, as the Greek stock market plunged following a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. The euro slipped as low as $1.0957, having traded at $1.0990 in early London trade, with most investors already positioned for huge losses in Greek...
LONDON, Aug 3- The dollar fell against a basket of currencies on Monday, weighed down by below-par wage growth data late last week that clouded the outlook over when U.S. interest rates are likely to rise. Some analysts said the dollar could draw strength from U.S. economic indicators this week, including the Institute for Supply Management's report on U.S. factory...
Malaysia’s currency was already under pressure, hit by political concerns and the oil price drop, but it really fell out of bed Monday.
With most commodities priced in U.S. dollars, the strength of the greenback, and the slowdown in China is leading a rout in commodity markets. "If Saudi Arabia and Iraq keep running full tilt and Libya and Iran get their oil production back on track, crude prices could languish below $60 for the next three years," said Morgan Stanley analyst, Martijn Rats in a research...
*Euro holds just under $1.10, dollar near 124 yen. SYDNEY, Aug 3- The dollar stayed on the backfoot early on Monday after suffering a setback late last week when subdued wage growth clouded the outlook on the timing for an interest rate hike. The euro bought $1.09760, having lifted from a low of $1.08935.
Venezuela's civil strife appeared to deepen over the weekend, with at least one man killed and 60 others arrested during riots, local media reported.
MEXICO CITY, July 31- The Mexican peso recovered on Friday in response to the government's recent currency intervention program, said Finance Minister Luis Videgaray. Mexico's currency commission, run jointly by the finance ministry and the central bank, significantly boosted daily dollar auctions on Thursday in an effort to protect the local currency.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
Tough times for Brazil
LONDON, July 31- Steep falls in emerging market currencies have jolted central bankers across the developing world into action to try and stem the weakness. A JPMorgan index tracking 22 emerging market currencies traded at a record low 71.3 on Friday, and with the U.S. "Central bankers in emerging markets are finally waking up to the fact their currencies may test...
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including top gainers in the European market.
*Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.