Foreign Exchange


  • Britain's Financial Conduct Authority and U.S. regulators are investigating allegations that dealers at major banks colluded and manipulated key reference rates in the $5.3 trillion- a-day foreign currency market, the world's biggest and least regulated.

  • LAUNCESTON, Australia, Sept 15- The pressing problem for some resource-rich countries isn't that prices for commodities have dropped sharply, it's that their currencies haven't dropped in tandem.

  • *Aussie tests psychological 90- cent support on soft China data. SYDNEY, Sept 15- The Australian dollar slid to a six-month low on Monday as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week's Federal Reserve policy meeting.

  • *Aussie extends fall on disappointing China data. *China's factory output grows at weakest pace in nearly six years. "China data was the catalyst of the move lower.

  • SAO PAULO, Sept 12- Brazil's central bank will extend its currency intervention program into 2015 and may increase the rollover pace of expiring currency swaps to curb volatility in the real, a person on President Dilma Rousseff's economic team said on Friday.

  • Dollar index gains for ninth week Friday, 12 Sep 2014 | 3:06 PM ET

    The dollar index was headed for a ninth consecutive week of gains after retail sales data added to expectations that U.S. growth is gaining steam.

  • NEW YORK, Sept 12- The dollar index posted its ninth consecutive week of gains on Friday and the U.S. currency rose to six-year highs against the yen on speculation that the Federal Reserve may strike a more hawkish tone when it meets next week.

  • LONDON, Sept 12- Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters.

  • CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a euro zone meeting in Italy and the "too close to call" Scottish referendum vote.

  • Alibaba starts new chapter--by closing the book Friday, 12 Sep 2014 | 10:38 AM ET
    Traders work the floor of the New York Stock Exchange.

    Alibaba reportedly plans to stop taking orders for its IPO early, an indication of sizzling demand.

  • FOREX-Dollar index on track for best run in 17 years Friday, 12 Sep 2014 | 10:22 AM ET

    NEW YORK, Sept 12- The dollar was steady on Friday at six-year highs against the yen, and the dollar index was headed for a ninth consecutive week of gains after strong retail sales data added to expectations that U.S. growth is gaining steam.

  • NEW YORK, Sept 12- The dollar was steady on Friday and traded near six-year highs against the yen after data showed improving U.S. retail sales in August but a drop in import prices. But the currency pared some gains on Friday after a report showed import prices declined 0.9 percent in August, the largest drop since November 2013.


  • LONDON, Sept 12- The dollar was on track for its longest winning streak in 17 years on Friday, hitting multi-month highs against its Australian and Canadian counterparts, as investors bet the U.S.

  • *Sterling steadies after latest Scotland poll. LONDON, Sept 12- The dollar index headed for its longest winning streak since 1997 on Friday, as the greenback hit a six-year peak against the yen on growing expectations that the U.S.

  • SINGAPORE/ SYDNEY, Sept 12- The dollar set a fresh six-year high against the yen on Friday, continuing to draw strength as investors bet that the U.S. The dollar touched a high of 107.39 yen, its strongest level since September 2008, and last traded at 107.35 yen, up 0.2 percent from late U.S. trade on Thursday.

  • Nikkei hits 8-month high as weak yen lifts exporters Thursday, 11 Sep 2014 | 10:16 PM ET

    *Nikon, Sumco, automakers lead gains. TOKYO, Sept 12- Japanese share prices rose for the fifth straight session to an eight-month high on Friday, with exporters leading the gains on the yen's weakness.

  • *Asian shares mostly mark time, Tokyo aided by weaker yen. SYDNEY, Sept 12- The U.S. dollar was riding high in Asia on Friday as incessant speculation about the outlook for U.S. interest rates undermined commodity prices and unwound leveraged trades in higher-yielding currencies.

  • SYDNEY, Sept 12- The dollar hovered below a 14- month peak against a basket of major currencies early on Friday as the selloff in sterling and the euro tapered off, but commodity currencies remained under pressure. The dollar index last traded at 84.262 after a flat close in New York.

  • BRASILIA, Sept 11- Marina Silva would push for large budget cuts and end a central bank foreign exchange program aimed at supporting the currency if she is elected Brazil's next president in October, a senior economic adviser told Reuters on Thursday.