The yen wobbled in a narrow range in early Asian trade on Tuesday as investors awaited the latest policy decision from the Bank of Japan later in the session.» Read More
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a concern about iron ore prices in China and French telecoms continue to surge.
RIO DE JANEIRO/ LONDON, March 10- Emerging stocks fell over 1 percent on Monday after poor Chinese export data re-ignited global concerns of a slowdown in the world's No. 2 economy and pushed Chinese shares to a five-year closing low.
*Jitters over Ukraine contained for now. NEW YORK, March 10- The U.S. dollar held steady against major currencies on Monday, supported by hopes U.S. job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained.
Copper is swooning to its lowest levels in a year as Chinese demand wanes. However, it's not just copper.
*China data send Canadian, Aussie dollars lower. LONDON, March 10- The Australian and Canadian dollars lost as much as half a percent against their U.S. counterpart on Monday as a plunge in exports from China underlined the risks of more weakness in one of the big drivers of world growth.
Michael Sneyd, FX analyst at BNP Paribas, says dollar/yen will go higher as weak data come out of Japan and U.S. data rebound.
CNBC's Catherine Boyle reports on the Bank of England's review into allegations that some of its staff were aware of forex manipulation, ahead of Governor Mark Carney's appearance before politicians on Tuesday.
*China data trumps impact of U.S. jobs data-strategist. *Aussie under pressure after China data, particularly against yen. TOKYO/ SYDNEY, March 10- The yen gained on Monday as weak China data fuelled worries about an economic slowdown, while downbeat Japanese figures underscored the drawbacks of a weaker currency.
Freya Beamish, Economist at Lombard Street Research explains why stimulus is not an option for China despite concerns over PPI deflation.
SYDNEY, March 10- The yen rose across the board early on Monday as investors gave riskier currencies, such as the Australian dollar, a wide berth after China data fuelled worries about a slowdown in the world's second-biggest economy. It dropped to $0.9030 from $0.9065 late in New York on Friday and fell as much as 0.7 percent to 92.92 yen.
Unexpectedly strong non-farm payroll data boosted the dollar, despite the cold winter across much of the United States.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.
NEW YORK, March 7- The dollar rose on Friday, boosted by an unexpectedly large jump in U.S. jobs growth that touched off enough buying to lift the greenback from a four-month low.
*ECB disappoints bears, euro seen rising to $1.40. LONDON, March 7- The euro raced to a 2-1/ 2 year high against the dollar on Friday as short term money market rates rose on signs that the European Central Bank's balance sheet was contracting at a time when other major central banks were still expanding theirs.
*Ukraine tensions rumble on, gold heads for weekly gains. With the tussle between Ukraine and the West and Russia over Crimea expected to drag on, investors turned their focus to non-farm payrolls due at 1330 GMT, though there was a sense they would still be distorted by the recent icy U.S. weather.
*ECB disappoints bears, euro seen rising to $1.40. LONDON, March 7- The euro's raced to fresh 2014 highs against the dollar on Friday with more gains likely if a key U.S. jobs report reflects the soft patch the world's largest economy has hit due to the cold weather.
Valentin Marinov, director of FX strategy at Citi, says more poor data such as jobs numbers out of the U.S. will hit the dollar.
TOKYO/ SINGAPORE, March 7- The euro held steady near a two-month high against the dollar on Friday, pausing in the wake of a European Central Bank inspired rally, as trade turned cautious ahead of U.S. jobs data.
CARACAS, March 6- Venezuela on Monday will begin operations of a new currency platform designed to ease the OPEC nation's dollar shortages through a market-based mechanism, the country's top economic official said on Thursday.
*Dollar firm versus yen, Ukraine wariness seen capping gains. TOKYO, March 7- The euro hovered near a two-month high against the dollar early on Friday following a relief rally when the European Central Bank left its interest rates unchanged. The euro stood at $1.3860, within a stone's throw of a two-month peak of $1.3873 hit on Thursday just after the ECB decision.