CHENGDU, China, July 23- China has demonstrated commitment to moving toward a market-driven exchange rate, said a senior U.S. That's an important step, "he said, noting that China in recent months had intervened in currency markets to keep the yuan from falling. He also said he saw a path for China to manage a soft landing for its economy. » Read More
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The dollar extended losses against the yen, trading near two month lows and putting it on course for a big weekly loss.
Thanos Vamvakidis, head of European G10 FX strategy at Bank of America Merrill Lynch Global Research, says the euro will remain range bound until the next European Central Bank meeting.
The euro was back against the dollar on Friday, rebounding from a 2-1/2-month trough as investors booked profits on bearish positions.
Modest economic activity is not enough to sustain near record highs for the major U.S. stock indexes.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB forecasters cut their outlook for inflation in 2016 and a decline in Italian financials.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the action in Europe's sovereign debt market and Allianz plays down Pimco outflows.
The euro bounced back thanks to the Bank's of England's loose monetary policy and Asian central banks.
The euro steadied against the dollar on Wednesday and rebounded from a 16-month trough against the British pound.
Andy Soper, global head of G10 options flow at Nomura, says shorting the euro is starting to become and interesting trade.
Traders borrowing U.S. dollars to fund investments in other currencies should beware, with analysts expecting the greenback to strengthen.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including new hopes for ECB stimulus and a jump in European industrials.
CNBC's Julia Chatterly reports on all the market moving events from Europe, as shares move higher following record highs on the Dow and S&P 500 in the U.S.
Nour Al Hammoury, market strategist at ADS Securities, says the current level of sterling is not worrying the Bank of England but a further rise could alarm the central bank.
The euro fell against sterling on growing bets the European Central Bank and the Bank of England will take opposite courses of action.
Stocks rally as momentum stocks stabilize, bonds rise across the globe and China and India see strong gains.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including rebalancing in the MSCI index.
On Wall Street, the Russell 2000 is down while the S&P 500 is up.
Peter Kinsella, senior currency strategist at Commerzbank, says the yen will come under pressure as the Australian central bank and Bank of England begin to hike interest rates.
Erik Wytenus, Head of Foreign Exchange & Commodities at J.P. Morgan Private Bank, discusses Thailand's political crisis and explains what the euro has in common with a beach ball.