Foreign Exchange


  • Dollar index highest since 2009 Friday, 19 Dec 2014 | 11:29 AM ET

    The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.

  • EU summit tries to avoid angry farmers  Friday, 19 Dec 2014 | 11:28 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including an underperformance from Greece due to bribery allegations and the EU tries to avoid protests in Brussels.

  • The euro hovered near a 28- month low against the greenback, while the dollar touched a more than one-week high against the yen in a continuation of dollar strength on the back of the Fed's hints at tighter monetary policy on Wednesday and looser policies in Europe, Japan and Switzerland. "Looking into 2015, the prospect of European Central Bank quantitative...

  • Why Russia's crisis could have a ripple effect Friday, 19 Dec 2014 | 10:56 AM ET
    The train ferry crosses the Kerch strait from Port Caucasus, Krasnodar region in southern Russia towards Port Crimea.

    Some say the crisis in Russia won't ripple into Europe and the U.S. — we're not buying it, says portfolio manager Hugh Johnson.

  • LONDON, Dec 19- Traders who bought emerging market currencies at the start of 2014 could still be in profit, as long as they didn't fund their investment with U.S. dollars. A basket of emerging currencies excluding the Russian rouble, tracked by UBS, had fallen 8.6 percent against the dollar year-to-date by Dec. 16. "A lot of the headlines about EM currency weakness...

  • LONDON, Dec 19- Britain's public finances improved in November helped by fines paid by banks for a foreign exchange scandal, giving some respite to finance minister George Osborne as he tries to show voters he can keep on bringing down the deficit. Separately, retailers reported booming sales, underscoring how consumers are propelling Britain's strong...

  • LONDON, Dec 19- The euro fell towards recent 28- month lows against the dollar on Friday, as the European Central Bank moved towards a fully-fledged government buying programme to kickstart the economy. The euro fell to $1.2253, close to 28- month lows of $1.2247 struck on Dec. 8. "The current measures from the ECB, like the targeted long term refinance operations, are...

  • Belarus slaps 30 percent fee at currency exchanges Friday, 19 Dec 2014 | 7:30 AM ET

    MINSK, Belarus— Belarus has imposed a 30 percent fee on currency exchange transactions in an effort to contain panic that has spilled over from neighboring Russia. While Belarus's currency has remained relatively stable in recent months, people in the capital of Minsk have flooded currency exchanges amid worries that the economic crisis in Russia could...

  • MOSCOW, Dec 19- Russia's rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency, and on expectations that exporters will increase dollar sales. At 1110 GMT, the rouble was around 2.2 percent stronger at 60.13 to the dollar, and had gained 2.6 percent to trade at 73.77 to the euro.

  • A big year for IPOs—next year may be even bigger Friday, 19 Dec 2014 | 6:06 AM ET
    Lending Club founder and CEO Renaud Laplanche, second from right, celebrates with company executives after ringing the opening bell during the company’s IPO at the New York Stock Exchange, Dec. 11, 2014.

    The IPO business: This year was huge for IPOs, and 2015 may be even better.

  • Monthly FX volumes dip slightly in November - CLS Friday, 19 Dec 2014 | 5:12 AM ET

    LONDON, Dec 19- Average daily volumes in the global foreign exchange market dipped slightly in November but were still above the $5 trillion mark for the third month in a row, data from FX settlement system CLS showed on Friday. The value of all transactions through the CLS system, which is used almost universally by the banking industry to process or settle trades,...

  • Expectations of more Japan stimulus weighs on yen. LONDON, Dec 19- The yen fell on Friday amid expectations of further stimulus next year to bolster Japanese inflation and also on a revival of global risk sentiment after battered oil prices and Russia's rouble stabilised. BoJ chief Haruhiko Kuroda said Japan was still halfway towards meeting an inflation goal...

  • MOSCOW, Dec 19- The Russian central bank said on Friday it would offer a maximum amount of $5 billion at a 30- day dollar repo auction later in the day.

  • MOSCOW, Dec 19- Russia's rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency and on expectations that exporters will step up dollar sales. Analysts at Rosbank said that given what they saw as the central bank's conservative approach to rouble liquidity, the expansion of its forex repo...

  • MOSCOW, Dec 19- Russia's central bank said on Friday it had conducted no forex market interventions on Dec. 17.

  • The best safe haven currency in 2015 is...  Friday, 19 Dec 2014 | 1:10 AM ET

    Adam Myers, head of European FX strategy at Crédit Agricole CIB, discusses his top safe haven currency picks in 2015.

  • Is the ruble undervalued yet? Friday, 19 Dec 2014 | 12:35 AM ET

    Russia's currency briefly surpassed Ukraine's Hryvnia as the worst performing currency year-to-date, but it isn't clear whether the ruble is undervalued.

  • SHANGHAI, Dec 19- China's yuan is plunging to fresh lows in December, declining 1.3 percent so far this month, heading toward its worst monthly performance since February and set to close the year down over 2 percent. "This is a dollar strength story and the CNY moves are market-driven," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong.

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. "The focus still remains on broader risk appetite, the continued fall in commodity prices, in particular oil, and the divergent monetary policies of...

  • Chinese shopping 'agents' cash in on ruble slide Thursday, 18 Dec 2014 | 10:14 PM ET

    Chinese shoppers are cashing in on the ruble's sharp drop, snapping up goods in Russia at low prices before brands can respond to foreign exchange moves.