The dollar edged up against the yen on Friday on light bargain hunting, with markets slowly getting into gear after the Christmas holiday.» Read More
Todd Elmer, Currency Strategist at Citi, says lower oil prices and markets repricing expectations for an earlier interest rate hike will be huge tailwinds for the U.S. dollar.
Venezuela's currency controls give consumers cheap Scotch and Barbies, even as they struggle with shortages of staple products such as milk and medicine.
SYDNEY, Dec 23- The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after stunningly strong U.S. economic growth spurred markets to bring forward the timing of a likely hike in interest rates. The dollar index reached highs not seen since April 2006 as the greenback popped up to 120.82 yen and the euro sank to a...
Bob Pisani would rather swing for the fences than make you yawn.
CARACAS, Dec 23- Venezuelan shoppers line up outside a Caracas liquor store to buy bottles of Buchanan's 12- year Scotch whisky at half the usual cost, a deal made possible by a state subsidy that gave cheap dollars to import them. The same subsidy, provided under the country's three-tiered exchange control system, helps a Caracas merchant do thriving business in...
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a strong finish for European stocks and the failure of the Greek parliament to elect a new president.
Big oil stocks are still not cheap, but it may be more useful to look at capital expenditures and production estimate metrics.
*Sterling at 16- month lows, bombarded by UK and U.S. data. NEW YORK, Dec 23- The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years. At first blush you have to say it was a very good revision, "said Lou Brien, strategist at DRW Trading in Chicago.
*Sterling hits 16- month low vs dollar after weak UK data. LONDON, Dec 23- Sterling skidded to its weakest since early September 2013 against a rallying dollar on Tuesday after data showed UK growth slowing in the third quarter, keeping pressure off the Bank of England to raise interest rates. Sterling fell by 0.4 percent to $1.5522 after UK growth was revised down...
MOSCOW, Dec 23- The Russian government told large state exporting companies on Tuesday that by March 1 they must bring their net foreign exchange assets back to the levels of Oct. 1. The government said in a statement on its website that the instructions had been given to gas firm Gazprom, oil firm Rosneft, diamond miners Alrosa and Kristall, and oil company...
RUSSIAN GOVERNMENT ORDERS STATE EXPORTING COMPANIES TO BRING NET FOREX ASSETS TO OCT 1 LEVEL BY MARCH 1, 2015.
Australian dollar hit a 4-1/2-year trough against its U.S. counterpart as prices of iron for construction fell in China amid weak demand.
LONDON, Dec 23- The Australian dollar hit a 4-1/ 2- year trough against its U.S. counterpart on Tuesday as prices of iron for construction fell in China amid weak demand from the property sector and after Australia's premier warned of heightened "terrorist chatter." Following the siege in a Sydney cafe a week ago, Australian Prime Minister Tony Abbott said the...
Geoffrey Yu, foreign exchange strategist at UBS, and Richard Kelly, head of global strategy at TD Securities, discuss whether the Mexican peso is a good buy.
MOSCOW, Dec 23- The Russian central bank said on Tuesday it would hold consultations with exporters on hard currency revenue sales aimed at maintaining stability on forex market.
RUSSIAN CENTRAL BANK SAYS CONSULTATIONS WITH EXPORTERS AIMED AT MAINTAINING STABILITY ON FOREX MARKET.
MOSCOW, Dec 23- The Russian central bank said on Tuesday it would offer a maximum amount of $2 billion at a 21- day dollar repo auction later in the day.
RUSSIAN CENBANK CONDUCTS NO FOREX MARKET INTERVENTIONS ON DEC 19, BUT FINANCE MINISTRY SELLS THROUGH CBANK $420 MLN.
*Trading subdued with Japan closed for holiday. SYDNEY, Dec 23- The dollar touched a fresh two-week high against the yen on Tuesday, but struggled to make further headway in a market subdued by a holiday in Japan. A record-closing high on Wall Street had helped lift the greenback against the yen in New York, and modest follow-through buying in Asia saw the dollar come...
George Dowd, Head of Americas Foreign Exchange Sales at Societe Generale-Newedge, says the dollar rally will continue and recommends selling the euro against the greenback for the following weeks.