CNBC's Eunice Yoon reports on all the market moving events from Asia, as the Chinese yuan hits new highs against the U.S. dollar.» Read More
The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite.
*Aussie also firmer due in part to strong China trade data. TOKYO/ SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite despite threats of a possible reduction in the U.S. monetary stimulus.
Jonathan Cavenagh, Senior FX Strategist at Westpac Institutional Bank, tells CNBC's Cash Flow that the forex markets are already looking beyond QE taper.
TOKYO, Dec 9- Japan's Nikkei stock average climbed as much as 2 percent on Monday morning, buoyed by a slide in the yen after an upbeat U.S. jobs report raised expectations the Federal Reserve will soon begin unwinding its stimulus.
*Aussie also firmer due in part to strong China trade data. SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak on the yen on Monday as investors ploughed back into the common currency after an unexpectedly upbeat U.S. jobs report failed to impress dollar bulls.
CNBC's Sri Jegarajah takes you through the results of this week's forex sentiment survey.
*Asian markets look well placed in wake of Wall St gains. SYDNEY, Dec 9- Asian markets were poised to move higher on Monday, energised by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.
LONDON, Dec 8- Daily turnover in the foreign exchange market fell 6 percent to $5 trillion a day in October, as trading in the yen and the euro declined, an analysis by the Bank for International Settlements showed on Sunday.
NEW YORK, Dec 6- The dollar rallied against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected. U.S. employers added 203,000 new jobs in November, exceeding expectations, and the jobless rate fell to a five-year low of 7.0 percent, the Labor Department said.
The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.
CNBC's Simon Hobbs reports European equity markets have rallied on the U.S. jobs data report. Also a London flood has caused the evacuation of thousands of people from the Southeast coast.
*Wall Street climbs after upbeat U.S. payrolls report. NEW YORK, Dec 6- Global equity markets surged and the dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data boosted the case for the scaling-back of Federal Reserve stimulus later this month.
LONDON, Dec 6- Sterling gained on Friday after a report showed British house prices rose more than expected last month, reinforcing optimism about the economy and expectations that monetary policy tightening will be brought forward. The euro was 0.1 percent lower at 83.55 pence at 1448 GMT.
Stocks are rallying on the strong jobs report. What happened to fear of tapering?
CNBC's Karen Tso reports on all the market moving events from Europe, as investors focus on U.S. Fed tapering plans.
LONDON, Dec 6- The dollar rose against basket of currencies on Friday, with its short term fortunes riding on whether key U.S. jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.
Michael Sneyd, FX analyst at BNP Paribas, says the dollar is strong against "risky currencies" such as the aussie and Canadian dollar.
SYDNEY/ SINGAPORE, Dec 6- The dollar hovered near a five-week low versus a basket of currencies on Friday, with its near-term fortunes riding on whether key U.S. jobs data will bolster the case for the Federal Reserve to start scaling back its monetary stimulus.
SYDNEY, Dec 6- The euro traded at five-week highs against the dollar early in Asia on Friday, having powered higher overnight after the European Central Bank gave no fresh indication that it would ease policy anytime soon.
*ECB says inflation to stay below target. NEW YORK, Dec 5- The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president, Mario Draghi, downplayed deflation risks.