Foreign Exchange


  • Fed-induced jump in USD won't sustain: FXCM  Wednesday, 17 Dec 2014 | 9:47 PM ET

    Ilya Spivak, Currency Strategist at FXCM, says the greenback is headed for a correction in the near term as the Fed's "patient" approach essentially doesn't mean a change in guidance.

  • BEIJING, Dec 18- China is closely monitoring the slide in the Russian rouble, an official with the foreign exchange regulator said on Thursday, after the Russian central bank's 6.5 percentage point rate hike this week failed to stave off a collapse in its currency.

  • TOKYO, Dec 18- The dollar took the upper hand on Thursday after the Federal Reserve signalled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The dollar index rose to 89.109, flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking...

  • Russian crisis could be like 1998—but worse Wednesday, 17 Dec 2014 | 5:42 PM ET
    People gather near a currency exchange office in Moscow, December 17, 2014.

    If Russia doesn't do this one thing (and soon), it will be like 1998 — but worse, says Wolfgang Koester.

  • NEW YORK, Dec 17- The U.S. dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. "Markets are taking the dollar higher, as they should be, because the Fed is on track to hike rates in 2015," said Win Thin, currency strategist at Brown...

  • Trying to pick a bottom in energy stocks Wednesday, 17 Dec 2014 | 4:07 PM ET
    Traders on the floor of the New York Stock Exchange.

    Trying to pick a bottom in energy stocks: is this the time to go long?

  • NEW YORK, Dec 17- The U.S. dollar rallied against major currencies after the Federal Reserve's latest policy statement and comments from Fed Chair Janet Yellen signaled the central bank was on track to hike rates next year. The euro was last down 1.28 percent against the dollar at $1.2346 after hitting $1.2322, its lowest level against the greenback since Dec. 9.

  • Dollar pares gains after Fed statement Wednesday, 17 Dec 2014 | 2:08 PM ET

    The dollar pared gains against major currencies on Wednesday after the Fed said there remains "considerable time" before an interest rate hike.

  • Easing restrictions on Cuba: Limited stock impact Wednesday, 17 Dec 2014 | 12:50 PM ET
    Traders on the floor of the New York Stock Exchange.

    Investing in Cuba: it's one thing to try to ease travel restrictions and open an embassy, it's another to lift the embargo.

  • LONDON, Dec 17- Global foreign exchange reserves may have fallen in the third quarter for the first time since the financial crisis as central banks stepped up interventions to prevent their currencies from falling too sharply. Global reserves hit a record $12 trillion in the second quarter of this year, up from $11.86 trillion in the first three months of the...

  • And with Russia in crisis, fears have grown that central banks from South Korea to Turkey and Indonesia would have to draw more from their reserves to stem a flight of capital and prevent sharp local currency losses feeding inflation and hampering foreign-currency debt servicing. That would translate into a $240 billion drop in global reserves, estimated at...

  • Have investors beaten up Russia too much? Wednesday, 17 Dec 2014 | 12:03 PM ET
    Russian President Vladimir Putin

    Much worse things than will actually happen have been priced into Russian equities, says ETF specialist Tom Lydon. Ripe for the picking?

  • European energy stocks rebound  Wednesday, 17 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for energy stocks and decline for European airlines.

  • Dec 17- PepsiCo Inc earnings could come under pressure in the fourth quarter due to currency fluctuations, investors said, as the company's biggest foreign markets- Russia, Mexico and Canada- have all taken hits to their currencies in recent months. While international expansion has helped PepsiCo diversify, it has exposed it to broader economic problems and...

  • FOREX-Dollar recovers ahead of Fed; rouble off lows Wednesday, 17 Dec 2014 | 10:58 AM ET

    NEW YORK, Dec 17- The U.S. dollar rebounded against major currencies on Wednesday on expectations that the Federal Reserve would signal rate hikes were on track, while the rouble recovered as buyers stepped in to pick up the Russian currency at cheaper levels. "The market is preparing itself for a change in the Fed language," said currency strategist Mark McCormick...

  • IPOs ending the year with a bang Wednesday, 17 Dec 2014 | 10:18 AM ET
    Trader on the floor of the New York Stock Exchange on Aug. 26, 2014.

    It's been the busiest year for IPOs since public offerings hit a record in 2000, and market debuts look set for a strong finish to 2014.

  • MOSCOW, Dec 17- Prime Minister Dmitry Medvedev called on Russia's top exporters on Wednesday to behave "responsibly" and manage their foreign currency revenues in a way that would not boost rouble volatility, the government's press office said.

  • Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia's rupiah drop to its weakest level since the Asian currency crisis in 1998 and Thailand's main stock index register its biggest intraday loss since October 2008. Bank Indonesia said it had sold dollars to support the rupiah on Tuesday, and traders...

  • LONDON, Dec 17- The dollar edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. The rouble's collapse- 50 percent so far this year- slowed slightly as Russia's finance ministry said it had started selling foreign...

  • FOREX-Dollar pulls away from lows as it awaits the Fed Wednesday, 17 Dec 2014 | 4:24 AM ET

    LONDON, Dec 17- The dollar edged higher on Wednesday after falling the previous day, when a Russian currency crisis took hold and speculation grew that the Federal Reserve might take a more cautious tone on monetary policy. After skidding oil prices helped Russia's rouble to plunge as much as 25 percent on Tuesday, an uneasy calm took hold, as Russia's finance...