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*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
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*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
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The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
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NEW YORK, May 24- The dollar was headed on Friday for its worst week against the yen in nearly two years, extending the prior session's selloff, as volatility in Japan's stock market spurred investors to book profits on their bets against the Japanese currency.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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With the world's largest economy suddenly awash in oil and gas, might the U.S. dollar join the ranks of the dollars of Canada and Australia as a "commodity currency"?
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NEW YORK, May 24- The dollar recovered to trade flat against the euro on Friday after the release of better-than-expected U.S. durable goods data for April, which eased investor concerns about the U.S. economic recovery.
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*German Ifo business climate survey well above forecasts. LONDON, May 24- The euro rose against the dollar on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and making further euro zone monetary easing less likely.
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CNBC's Ross Westgate reports on all the market moving events from Europe, including
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HSBC has turned bullish on the U.S. dollar, as a result of a global currency war which the bank said is "intensifying", with a number of central banks following in Japan's footsteps.
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LONDON, May 24- The euro rose on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and lessening prospects of further euro zone monetary easing. The euro rose 0.3 percent on the day to a session high of $1.29875, close to this week's peak of $1.2998 and the mid-May high of $1.3030.
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TOKYO, May 24- The yen surged on Friday as volatility in Japanese shares after a 7.3 percent plunge the day before spooked yen-sellers, prompting a wholesale unwinding of bets to profit from the Bank of Japan's monetary easing. The dollar fell 0.3 percent to 101.63 yen, and was down 2.0 percent from Wednesday's 4-1/ 2- year high of 103.74 yen.
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TOKYO, May 24- The dollar recovered from two-week lows against the yen on Friday, as Japanese shares rebounded from the previous day's 7.3- percent plunge, which had spurred profit-taking in the lucrative yen-selling trade.
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TOKYO, May 24- The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3- percent plunge and Wall Street regained some stability by the close. Overnight on Wall Street, U.S. stocks slipped but finished sharply off their session lows.
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The dollar was on track for its biggest daily drop in more than five weeks against the yen after a sharp slide in Japanese stocks and weak Chinese factory activity data.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cooldown may be imminent.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cool down may be imminent..
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NEW YORK, May 23- The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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LONDON, May 23- The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls.
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LONDON, May 23- The yen vaulted to two-week highs against the dollar and the euro on Thursday as a slide in equities encouraged profit-taking on the safe-haven currency's recent sharp falls.