NEW YORK, Dec 26- The dollar rose against the yen and euro on Friday in scant volume, with many major markets still closed after the Christmas holiday. There's going to be a dip-buying mentality "said Rob Zukowski, senior technical analyst at 4 Cast Ltd. based in New York. Data on Tuesday that showed the U.S. economy growing at its fastest quarterly pace in 11 years...» Read More
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as shares pared back gains.
Germany's lower house of parliament voted overwhelmingly to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy.
Harry Ida, Senior Analyst at Thomson Reuters says short JPY against almost anything.
Patrick Bennett, FX Strategist at the Canadian Imperial Bank of Commerce, talks about the euro currency showing some signs of cracking as bigger things happen outside the euro zone.
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
CNBC's Simon Hobbs reports European shares moved lower on slowing growth worries and rumors of a credit downgrade for German.
The falling yen coupled with a fall-off in Chinese investment inflows "increasingly resembles" the run-up to the 1997 currency crisis, said Albert Edwards, Societe Generale's ultra-bearish strategist.
CNBC's Eunice Yoon talks with Jin Liqun, chairman of China Investment Corporation, about investing in the U.S. and the outlook on growth in China.
CNBC's Kelly Evans reports European markets were dragged lower by miners in morning trading.
Rob Ryan, Director, Market Strategy Asia Pacific at RBS says there is no evidence of money flowing out of Japan. He still expects the yen to weaken further in coming weeks.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
CNBC's Ross Westgate reports European shares drifted lower as worries about the global outlook; a heavy sell-off in commodities; and two explosions at the Boston Marathon prompted investors to avoid risk.
The Australian dollar may have won a reprieve from Monday's sharp sell-off, but analysts say even this resilient currency will struggle to overcome global headwinds.
Mitul Kotecha, Head of Global FX Strategy at Credit Agricole Corporate and Investment Banking says the USD/JPY will eventually break through the 100 level in the not too distant future.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
CNBC's Simon Hobbs reports on all the market moving events in Europe, as shares closed lower sparked by a sell-off in commodities.
CNBC's Kelly Evans reports European markets moved lower by an unexpected slowdown in China. And, CNBC's Eunice Yoon breaks down the disappointing data on China's gross domestic product, which grew an annual 7.7 percent in the first quarter, below the expected 8 percent level.
Claudio Piron, Head of EM Asia Rates Strategy at BofA Merrill Lynch Global Research says the Japanese are sitting on low cash balances which he thinks will be drawn down.
The dollar declined from a four-year peak against the yen Friday after a fall in U.S. retail sales reinforced expectations the Fed will keep its monetary policy loose.