Foreign Exchange


  • JPMorgan profited from soaring Swiss franc - Bloomberg Tuesday, 27 Jan 2015 | 3:47 PM ET

    Jan 27- JPMorgan Chase& Co's currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter. JPMorgan netted $250 million to $300 million on the day the Swiss National Bank removed the franc's ceiling of 1.20...

  • Jan 27- American Airlines Group Inc on Tuesday forecast billions of dollars in savings this year from tumbling fuel costs, but said a key measure of revenue will likely decline this quarter, in part from currency headwinds that are pinching foreign travelers' pockets. While closing costly fuel hedges has prevented its peers from benefiting from the full price...

  • United Tech cuts 2015 forecasts on currency worries Tuesday, 27 Jan 2015 | 12:24 PM ET
    United Technologies

    United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.

  • CNBC's Simon Hobbs reports on all the market moving events in Europe today, including

  • *Markets giving Greece benefit of the doubt for now. Investors have bid the dollar higher in anticipation that the Fed will be raising interest rates around mid-year as the U.S. economy recovers its growth momentum at the same time major central banks in Europe and Japan are loosening policies to spur activity. Given the durables data people are more wary of the...

  • Shares of Microsoft and Caterpillar weighed on U.S. stocks. Microsoft's results showed the main engine of its historic earnings power, selling Windows and Office software to big businesses, is waning. Caterpillar's quarterly profit came in below analysts' expectations and it warned that lower oil prices will hurt 2015 results.

  • *Ericsson and Philips fall after weak updates. LONDON, Jan 27- Renewed concern over Greece and weak results at companies such as Siemens and Philips halted a winning run on European stock markets on Tuesday. The euro zone's blue-chip Euro STOXX 50 index also declined 1.4 percent after a similar eight-day winning streak.

  • Procter& Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker. Health care products maker Johnson& Johnson and drugmaker Pfizer Inc. also recently reported a hit from foreign exchange rates. In the quarter that ended Dec. 31, P&G earned $2.37 billion, or 82 cents per...

  • Swiss franc sees wild ride on central bank talk Tuesday, 27 Jan 2015 | 7:22 AM ET
    A man holds a 100 Swiss franc bank note in front of an ATM in Bern.

    The Swiss franc continued to show volatility as the country's central bank signaled that it had not given up intervening in currency markets.

  • U.S. dollar keeps getting stronger  Tuesday, 27 Jan 2015 | 5:40 AM ET

    Nigel Green, managing director of GPS Capital Markets, says the strong dollar will continue throughout 2015, and will be fueled by low oil prices.

  • Euro rises against dollar; eyes on Fed Tuesday, 27 Jan 2015 | 5:20 AM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    The euro rose against the dollar before a meeting of the U.S. Federal Reserve that may push back expectations for an interest rate rise.

  • *Markets giving Greece benefit of the doubt for now. The euro rose as much as 0.9 percent to trade at $1.13455, lifting it further from an 11- year trough of $1.1098 reached on Monday, when it became clear that Greece had voted in a new anti-bailout government. Investors are hopeful that the left-wing Syriza party leader, Alexis Tsipras, is willing to negotiate,...

  • MOSCOW, Jan 27- Russia's central bank said on Tuesday it had conducted no interventions on the foreign exchange market on Jan. 23 and that the Finance Ministry had not sold any forex on that day.


  • Time to book profits on dollar ahead of FOMC?  Tuesday, 27 Jan 2015 | 1:20 AM ET

    Jeremy Stretch, head of FX strategy at CIBC, says it could be time to lighten dollar positions ahead of the Fed meeting, but adds the greenback should remain strong in the first half of the year.

  • *Wall Street action curtailed by blizzard. The main European indices were expected to open higher, though foul weather in the United States will curb activity on Wall Street. Other moves were mostly modest and MSCI's broadest index of Asia-Pacific shares outside Japan was flat on the day.

  • *Gold dips as equities, dollar edge higher. *Russia, Netherlands increase gold reserves. SINGAPORE, Jan 27- Gold fell for a third straight session on Tuesday, with profit taking driving it further off five year highs as its safe haven appeal diminished with equity markets strengthening and the U.S. dollar at an 11- year peak against a basket of major currencies.

  • ZURICH, Jan 27- The Swiss National Bank is ready to intervene in the foreign currency market to ease monetary policy after ditching its cap on the Swiss franc earlier this month, its vice-chairman said in an interview on Tuesday. Switzerland's central bank shocked financial markets by abandoning its three-year-old cap on the franc against the euro on Jan. 15, a...

  • *Markets giving Greece benefit of the doubt for now. SYDNEY/ SINGAPORE, Jan 27- The euro steadied versus the dollar on Tuesday, after having bounced off an 11- year trough the previous day as investors decided to take profits on extremely bearish positions. Given that the euro had slid by about five U.S. cents in the wake of the European Central Bank's decision last...

  • *Wall Street action curtailed by blizzard. SYDNEY, Jan 27- Asian share markets were mostly firmer on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece's election outcome without much disruption. Bad weather in the United States curbed activity on Wall Street in a busy week for earnings, while investors had reason for...