NEW YORK, July 29- The dollar dropped on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan's stimulus plans underwhelmed investors. U.S. gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said. "There were some aspects of... » Read More
Yujiro Goto, senior FX strategist at Nomura, said markets were comfortable with the prospect of Larry Summers as the next Fed chief.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as shares of Vodafone gain 8 percent on news it is in talks to sell its Verizon Wireless stake.
Are Thursday's U.S. economic data may be "good enough" for the Federal Reserve to taper? Judging by the reaction of the 10-year yield, the bond market seems to believe they are.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares of Vodafone surge nearly nine percent on news it is in talks to sell its Verizon Wireless stake.
Nick Verdi, Director, FX Strategy Asia Pacific ex-Japan at Barclays tells CNBC's Cash Flow that while investors are looking for value, it's very difficult to justify going into EM currencies at the moment.
The U.S. dollar rallied across the board on Wednesday as investors sought the greenback's safety given the possibility of Western military action in Syria.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as the Bank of England Governor Mark Carney gave a very "dovish" speech on economic stimulus.
Unintended consequences are in part to blame for volatile markets. To paraphrase Donald Rumsfeld, it's not the known unknowns that worry traders, it's the unknown unknowns.
CNBC's Ross Westgate reports on all the market moving events from Europe, as risk assets were shunned by investors on concerns over a possible military strike in Syria.
Mirza Baig, Head of Foreign Exchange and Interest Rate Strategy, Asia at BNP Paribas discuss why emerging markets should embrace currency devaluation.
CNBC's Simon Hobbs reports on all the market moving events in Europe, as fears of a possible U.S.-led military strike in Syria send shares lower.
CNBC's Ross Westgate reports on all the market moving events from Europe, as decliners outpace advancers nine to one.
Jeffrey Halley, Senior Manager, FX Trading at Saxo Capital Markets says with the end of "free money" from the developed world, emerging markets will not have the firepower to hold up their currencies against the greenback.
The dollar edged higher against the euro on Monday as dismal U.S. durable goods data did little to shift expectations that the U.S. Federal Reserve's wind-down of its stimulus program is around the corner.
CNBC's Kelly Evans reports on all the market moving events in Europe, as political worries in Italy dragged shares lower.
You can't even blame the grim U.S. durable goods number on a statistical fluke. This was the most high profile data point this week, and greatly complicates the taper talk.
CNBC's Louisa Bojesen reports on all the market moving events from Europe, as the U.K.'s FTSE 100 closed for a public holiday.
Ray Attrill, Co-Head of FX Strategy at NAB expects capital outflows from emerging markets to continue in the near term.
John Gorman, Managing Director and Senior Rates Trader at Nomura Securities tells CNBC's Cash Flow which currency he thinks is the safest trade at the moment.