DUBAI, Nov 26- Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities than to the economic pressures on the kingdom. Riyadh has the tools available to protect itself as low oil prices push the current account and budget balances of the world's top crude exporter deep into deficit, senior...» Read More
With the odds growing that Congress will fail to avoid sequestration and drastic budget cuts, this strategist is eyeing a currency trading strategy.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including news that the euro zone economy is expected to shrink again in 2013.
After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
With the euro losing some ground while the dollar strengthened on the heels of this week's FOMC minutes. Steven Englander, Global Head of G10 FX Strategy at Citi, weighs in.
CNBC's Kelly Evans reports on all the market moving events from Europe, including weak PMI figures out of Europe.
Tom Averill, Managing Director at Rochford Capital says the GBP looks pretty sick and could descend to 1.45. He also discusses other currencies.
The euro dropped to a six-week low against the dollar and a three-week trough against the yen Thursday in the wake of data showing a struggling euro zone economy.
Downbeat economic reports, hints of a possible early end to dollar-denting Fed policies, and unease about the Italian election are creating a perfect storm for the euro.
CNBC's Simon Hobbs reports weak economic data and Fed worries causes stocks to tumble in Europe. All of the major indexes closed sharply lower.
Fed doubts on bond buying buoy the buck and disappointing economic activity data hits the euro - it's time for your FX Fix.
CNBC's Kelly Evans reports concerns on the future of quantitative easing from the Federal Reserve, and weak economic data sent European sharply lower on Thursday.
Thomas Harr, Head of Asia Local Markets Strategy at Standard Chartered Bank says there could be a change in the Fed's QE's policies between September and the end of the year.
Just a few days after global finance ministers' and central bank chiefs' meeting in Moscow dismissed talk of a currency war, it appears that a battle is brewing in Asia.
The dollar jumped to a four-week high after minutes from the Federal Reserve's last meeting suggested policymakers may have to slow or stop buying assets before seeing the pick-up in hiring.
The latest behind-the-scenes report from the most recent Fed meeting could provide clues to whether quantitative easing could come to an early end, and traders will be reading closely.
The Australian, New Zealand, and Canadian dollars are no longer trading in tandem, and this strategist thinks he knows why.
CNBC's Simon Hobbs reports on today's market moving headlines from Europe, as shares were mixed on Wednesday.
Hints of potential new pro-stimulus sentiment at the Bank of England weigh on the pound and intervention talk pulls down the kiwi - it's time for your FX Fix.
CNBC's Kelly Evans reports the Bank of England is moving European markets today.