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
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.
CNBC's Simon Hobbs reports on what moved Friday's markets. European shares extended losses after data in the U.S. showed a drop in March consumer spending.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks slip lower ahead of the euro zone meeting.
Tom Averill, Managing Director at Rochford Capital says he sees more weakness for the yen. He expects it to hit 1.05 in a few months and recommends shorting the yen against the kiwi dollar.
The dollar rose to another four-year high against the yen on Thursday, closing in on the key 100 yen level.
CNBC's Simon Hobbs reports on the events that moved Europe's stocks and bonds today.
CNBC's Ross Westgate reports on all the market moving events from Europe, as markets moved higher in anticipation of the U.S. weekly jobless claims report.
Robert Prior-Wandesforde, Director of Asia Economics at Credit Suisse, warns that ASEAN economies are heating up while central banks are focusing on inflation and not doing what they should be - raising rates.
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after release of the U.S. Federal Reserve's March meeting minutes.
CNBC's Simon Hobbs reports European shares extended gains on the successful Italian bond auction.
The dollar-yen could breach its 2007 pre-credit crisis high of 125 if the Bank of Japan expands its aggressive asset purchase program further, a UBS research note said on Wednesday.
CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks moved higher after a successful Italian bond auction and a new high on the Dow in the U.S.
Pakistan's chaotic financial heart is home to 18 million people, Taliban bombers, contract killers - and one of the world's most successful stock markets.