*Eyes on Jackson Hole summit starting Thursday. NEW YORK, Aug 20- The U.S. dollar hit fresh multi-month highs against a basket of major currencies on Wednesday after minutes from the Federal Reserve's July policy meeting signaled the potential for an earlier-than-expected hike in interest rates.» Read More
The euro may be grabbing headlines, but this strategist says the real action is in emerging market currencies.
Campaign season came to Congress during the Fed chairman's testimony, but you wouldn't know it from the dollar.
CNBC's Mandy Drury reports on the U.S. markets giving up earlier gains, led lower by materials and energy stocks. Bernanke mentions job market far from normal. GDP expands at 3 percent pace. GM and Peugeot Citroen agree to form alliance. And James Murdoch steps down as executive chairman of News International.
The European Central Bank offering is a hit, and commodity-linked currencies get a lift - time for your FX Fix.
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, after a higher-than-expected take up of the European Central Bank's second long-term refinancing operation. European banks bought 529.5 billion euros ($713 billion) of the cheap loans. European stocks rose on Wednesday morning, as investors bet that a second wad of cheap, long-term funds from the European Central Bank would further ease tension in the banking sector and boost confidence in the wider market.
US markets are poised to open higher with the Dow Jones 28 points to the upside. European stocks climbed early on Wednesday, keeping their 2-1/2 month rally alive as investors bet the European Central Bank's new funding operation will ease tensions in the banking sector and boost appetite for risky assets such as equities. Asian stocks ended mostly higher for the same reason.
With Europe seesawing, this Scandinavian is worth another look.
CNBC's Mandy Drury looks at the U.S. markets, which are up on the day, driven by a slew of economic data. The Dow is holding above 13,000 and the Nasdaq flirts with 3,000. Homebuilder Hovnanian is higher by 1 percent on the day. And AutoZone and Domino's are both up on strong earnings. Banks on regulators' problem list falls in Q4.
European markets close higher after a choppy session. Portugal passes bailout review by troika. European bank stocks are down ahead of Wednesday's ECB cash injection. Ireland to hold referendum on new EU fiscal treaty. Borrowing costs fall at Italian auction of 10-year debt. With Daniel Stecich, TJM Institutional Services, and Steven Ricchiuto, Mizuho Securities.
Europe is facing considerable event risk this week. Here's how to protect yourself using currencies.
The yen's slide stops and all eyes are on the European Central Bank - it's time for your FX Fix.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, ahead of this week's liquidity injection by the European Central Bank, which market participants hope will alleviate tensions in the European banking sector. In Europe shares were up, with banks, many of which suffered heavy write-downs on their holdings of government debt in the euro zone, being among the top performers.
US markets look to open healthily in the green on Tuesday with European shares steadying on anticipation that the European Central Bank's second longer term refinancing operation (LTRO) operation would further ease balance sheet pressure among banks. Asian shares also ended higher on Tuesday as markets waited to gauge risk appetite that has been somewhat dented by worries over high oil prices.
CNBC's Mandy Drury reports on the slow start for U.S. markets, which have since recovered. Oil drops this morning, even though it's approaching $110/barrel. Oil-related firms higher on the day. Nine of ten S&P large-cap sectors trading lower.
European shares extend losses on cautious comments by Merkel regarding Greece. Banking stocks are among the day's top losers. Yields fall sharply at Italy's auction of 6-month bills. The German Parliament votes to approve of the Greek bailout package. Treasury Secretary Geithner says Europe has lowered the risk of catastrophe. And the ECB buys no government bonds for second straight week. With Joe LaVorgna, Deutsche Bank.
If enough banks borrow in the European Central Bank's refinancing operation, risk currencies could get a lift.
US stock index futures pointed to a lower open for Wall Street on Monday on concerns that rising oil prices are threatening the fragile global economic recovery. European shares fell on concerns about high oil prices affecting company earnings and global growth, and as the Group of 20 countries said Europe must commit more money to fight the debt crisis before seeking their help.
US futures point to Wall Street opening down. European shares extended losses on Monday, with autos sharply lower on worries that higher oil prices would push up costs for industrial companies, and curb global economic growth prospects. Asian stocks also ended lower as the spike in oil prices, raised concerns about damage to the fragile global economy. But signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis helped to support sentiment.
Web-only advice and information for currency traders, with CNBC's Melissa Lee and the Money In Motion traders.