The Australian and Canadian dollars lost as much as half a percent against their U.S. counterpart on Monday.» Read More
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.
The European Central Bank left interest rates unchanged on Thursday and ECB President Mario Draghi told a news conference that economic conditions in the region did not require shifts in monetary policy, including some that may have driven currency trading away from the euro.
LONDON, March 6- The worldwide investigation into allegations of manipulation in the global currency market took another twist on Thursday, as Bank of America suspended a senior trader in London, a source familiar with the matter said on Thursday.
*Diplomatic talks on Ukraine also weigh on Bunds. LONDON, March 6- German government bond yields rose and the euro hit a 10- week high against the dollar on Thursday after the European Central Bank took no fresh steps to ease monetary policy in the face of persistently low inflation.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB's Draghi's upbeat comments.
*Stocks rise on efforts to resolve Ukraine crisis. NEW YORK, March 6- World share markets rose on Thursday, supported by hopes diplomatic efforts would cool the crisis in Ukraine, while the euro advanced to its highest level of the year after the European Central Bank signaled its economy needs no additional stimulus.
NEW YORK, March 6- The euro jumped against the dollar on Thursday to its highest since December and to a peak against the yen not seen since Jan. 23 after the European Central Bank signalled no need for new economic stimulus.
PARIS, March 6- BNP Paribas, France's biggest bank, has suspended its head of spot currency trading as part of a long-running global investigation into possible currency market manipulation, the Wall Street Journal said on Thursday, citing unnamed sources.
Stocks are at new highs, but where are the bargains? Big financials are mounting an impressive rally.