The dollar was lower as hopes for Greece talks progress and a spike in European yields combined to give the euro its biggest gain in three months.» Read More
Hamish Pepper, FX Strategist, Asia Pacific, Barclays Capital discusses his outlook for the greenback in the wake of the U.S. debt ceiling debacle.
The dollar rose against most currencies on Wednesday after the Senate announced a deal that would avert a U.S. default and re-open government.
Traders are trying to assess how much damage has been done to consumer confidence in the wrangling over the government shutdown and the debt ceiling.
The U.S. gets an ominous warning from a credit rating agency, just as the shutdown fiasco is starting to manifest in earnings reports.
Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank says that a solid U.S. budget deal that isn't just temporary in nature would spell gains for the greenback.
The dollar dropped to session lows against the yen on Tuesday as talks on raising the U.S. debt ceiling floundered.
The net effect of this much ballyhooed deal is the government opens, borrowing goes on, and the sequester cuts will likely be minimal, if at all.
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares of Burberry Group fall on news Angela Ahrendts is leaving the company.
Kara Ordway, FX Strategist, City Index says Australian dollar movements reflect some positive risk sentiment.
The dollar slipped on Monday and the yen rose on safe-haven demand, as lawmakers struggled to reach a deal before this week's debt ceiling deadline.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the debt ceiling development's impact on stocks.
It's early, but already we are hearing that third quarter earnings and fourth-quarter guidance will be a disappointment.
With the pound trading near nine-month highs against a basket of other currencies, some strategists have been left with egg on their faces.
CNBC's Ross Westgate reports on all the market moving events from Europe, as automaker Peugeot Citroen falls nearly ten percent in Monday trading.
The dollar index rose Friday, heading for its first weekly gain in five, as optimism grew that Congress will reach a stop-gap deal to avert default.
Washington is groping for a deal on extending the debt ceiling. Yet banks are where all the action is.
Sterling may be near nine-month highs against a basket of currencies but for some forex strategists, time is running out for the pound's rally.
CNBC's Ross Westgate reports on all the market moving events from Europe, including Royal Mail's debut in London. The offering was heavily over-subscribed. Also, there was good demand for a three-year auction in Italy.
The dollar rose to a two-week high against major currencies as optimism grew that lawmakers might reach a deal to avert a U.S. debt default.
Stocks are rallying on hopes for a deal on the debt limit, yet keeping the government shut down. Come again?