Foreign Exchange


  • WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...

  • NEW YORK, April 17- The U.S. dollar posted its worst week in four against a currency basket on Friday after data showing a rise in consumer prices failed to alleviate concerns that recent soft U.S. economic data could delay the Federal Reserve's first rate hike. "The markets feel that the small price increase is not enough to force a June rate increase," said Chris...

  • Dollar index pares earlier gains; euro edges higher Friday, 17 Apr 2015 | 3:52 PM ET
    The U.S. dollar and Euro currencies

    The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.

  • FRANKFURT, April 17- The European Central Bank has analysed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters. Greece is close to having to repay the International Monetary Fund about 1 billion euros in May and...

  • European markets close: Friday selloff   Friday, 17 Apr 2015 | 11:30 AM ET
    European markets close: Friday selloff

    CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including investors seeking safety in the German 10-year yield.

  • Grexit fears in Europe cause flight to safety Friday, 17 Apr 2015 | 10:22 AM ET
    Traders on the floor of the New York Stock Exchange.

    Investors piled into safe harbors as fears rose over a Greek exit on Friday, sending bond yields tumbling.

  • *U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.

  • *Dollar index on track for 2nd worst week since 2011. LONDON, April 17- The dollar skidded to a 10- day low against a basket of major currencies on Friday, after a run of weak U.S. economic data that has cast doubt on prospects for a Federal Reserve interest rate rise in the coming months. Traders will be watching U.S. consumer inflation data due at 1230 GMT for further...


  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

  • *Dollar index on track for worst week in month. LONDON, April 17- The dollar fell for a fourth straight day on Friday, coming close to its one-week low, after a run of weak U.S. economic data cast doubt on prospects for a Federal Reserve interest rate rise in coming months. said Peter Kinsella, senior FX strategist at Commmerzbank in London.

  • SINGAPORE, April 17- The dollar wallowed near a one-week low against a basket of major currencies on Friday and was on track for its biggest weekly drop in a month in the wake of poor U.S. economic data. "It has been a run of weak data in recent weeks, and that's clearly undermining the dollar at present," said Mitul Kotecha, head of FX strategy, Asia-Pacific for Barclays in...

  • *USD back near 119.00 yen, euro well above $1.0700. SYDNEY, April 17- The dollar wallowed at its lowest in over a week against a basket of major currencies early on Friday, having suffered yet another setback overnight in the hands of more underwhelming U.S. economic data. Atlanta Federal Reserve Bank president Dennis Lockhart said the recent "murky" run of U.S. data...

  • Correction: Europe-Tourism Boost story Thursday, 16 Apr 2015 | 6:37 PM ET

    LISBON, Portugal— In a story April 15 about effect of the weakening euro on tourism in Europe, The Associated Press reported erroneously that 10 million Americans visited Paris last year, and that officials hoped the figure would rise 10 percent to 11 million this year. Weak euro adds to Europe's vacation lure for tourists from United States, China— and locals.

  • The currencies bouncing with crude   Thursday, 16 Apr 2015 | 5:14 PM ET
    The currencies bouncing with crude

    Are crude oil-exposed currencies giving us a hint about crude's next move? Boris Schlossberg of BK Asset Management and Rich Ross of Evercore ISI discuss with Mandy Drury.

  • Dollar tumbles on US data, Fed officials Thursday, 16 Apr 2015 | 3:51 PM ET

    The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.

  • Atlanta Federal Reserve Bank President Dennis Lockhart, whose comments were closely-watched since he is a voting member of the Fed's rate-setting committee this year, said the Fed's interest rate plans were being complicated by factors including a "murky" run of first-quarter data. Comments from Cleveland Fed President Loretta Mester and Boston Fed...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • European markets close: Greek bonds plunge   Thursday, 16 Apr 2015 | 11:26 AM ET
    European markets close: Greek bonds plunge

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including IMF Lagarde's saying a payment delay for Greece is not recommendable.

  • NEW YORK, April 16- The U.S. dollar hit its lowest level against the euro in a week on Thursday after traders concluded that recent weakness in U.S. economic data could delay the first Federal Reserve rate hike. A Fed hike is expected to boost the dollar by driving investment flows into the United States. "This is more dollar weakness, driven by the market coming around...