The New Zealand dollar rallied on Thursday after the country's central bank lifted interest rates and signaled more hikes ahead.» Read More
The US dollar was weakened by falling equity prices, Treasury yields, and a slower-than-expected expansion in the US manufacturing sector.
PARIS, April 23- Michelin's first-quarter revenue fell 2.4 percent as weaker prices and emerging-market currencies outweighed sales volume growth, the French tyre maker said on Wednesday.
In Europe, rising worries over Ukraine also weighed, offsetting data that showed Germany continued to power the euro zone's recovery. Strong results from Boeing failed to inspire Wall Street investors to keep pushing equities higher.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including business activity nearing a 3-year high and euro zone debt hitting a record of 92.6% of GDP.
NEW YORK, April 23- The U.S. dollar weakened against the euro and yen on Wednesday, undermined by a decline in U.S. equity prices and Treasury yields and finding little support from a slower-than-expected expansion in the U.S. manufacturing sector.
LONDON, April 23- European shares edged down on Wednesday after three days of gains as signs of a still stuttering Chinese economy and rising worries about Ukraine offset a reassuring set of European economic numbers.
LONDON, April 23- The Australian dollar sank almost one percent in value on Wednesday after a lower than expected rise in consumer prices appeared to reduce the chances of higher official interest rates this year.
Peter Frank, global head of G10 and Asia FX strategy at BBVA, says weaker than expected inflation data from Australia has stopped the dollar's rally.
SINGAPORE, April 23- The Australian dollar slid on Wednesday after data showed that Australian consumer prices rose less than expected in the first quarter, lessening the risk of a rise in domestic interest rates this year. Other major currencies were subdued, with the euro edging up 0.1 percent to around $1.3817, while the dollar eased 0.1 percent to 102.55 yen.
*Survey on China's manufacturing sector key for risk sentiment. SYDNEY, April 23- The world's major currencies started trade on Wednesday in Asia on familiar ground after an uninspired session that kept the dollar, euro and yen locked in narrow ranges. In Asia much will depend on a survey of China's manufacturing activity due at 0045 GMT.
The European Central Bank's Mario Draghi made clear the euro's strength is a possible trigger to ease monetary policy.
*Gold and forex similarities aid consolidation. LONDON, April 23- The increasing use of technology on financial trading floors is driving a trend for banks to roll precious metals operations into their forex businesses as a separate unit from other commodities activities.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including consumer confidence in the euro zone and a spike in the biotech and pharma sectors.
NEW YORK, April 22- Investors trimmed their positions of U.S. dollars on Tuesday after a two-week run higher, unmoved by a U.S. Trading ranges remained narrow as Europe returned from the Easter holidays and faced uncertainty over whether European Central Bank policy will move toward more monetary stimulus.
HARTFORD, Conn.— United Technologies Corp. reported Tuesday its first-quarter profit dropped 4 percent as slightly higher revenue was offset by restructuring costs, asset sales and currency exchange rates.
LONDON, April 22- The euro hovered near a two-week low against the dollar on Tuesday and fell to a two-month low against the British pound, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency.
*Q1 hit by weaker Russia, China, currency effects. FRANKFURT, April 22- Philips warned on Tuesday it would struggle to post a rise in operating profit for 2014 after slowing demand in China and Russia, combined with the impact of a strong euro, wiped out its first-quarter sales growth.
LONDON, April 22- The euro hovered near a two-week low against the dollar on Tuesday and fell against the yen, as expectations the ECB will try to halt any further strengthening kept investors away from the single currency. European Central Bank President Mario Draghi is scheduled to give a keynote speech in Amsterdam on Thursday.
LONDON, April 22- M&A talk in the pharmaceutical sector lifted European shares on Tuesday, but failed to support the euro, which held at a two week low against the dollar on rising expectations of further policy easing by the European Central Bank.
*Philips Q1 EBITA 314 mln euros vs Rtrs poll avg 341 mln. *Q1 hit by weaker Russia, China, currency effects. FRANKFURT, April 22- Philips reported a bigger-than-expected fall in quarterly operating profit and warned of a challenging 2014 owing to unfavourable exchange rates and slowing demand for medical equipment in China and Russia.