Foreign Exchange


  • *Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.

  • *Fed rate projections show faster rate hikes. NEW YORK, Sept 17- The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than initially projected in June.

  • US dollar extends gains against yen on Fed report Wednesday, 17 Sep 2014 | 2:08 PM ET

    The U.S. dollar strengthened following Fed news after earlier hitting an 8-year high against the Japanese yen.

  • European markets close: Markets await Scots vote     Wednesday, 17 Sep 2014 | 11:26 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including anticipation for the Scottish vote and protesters in Kiev "trash" a pro-Russian deputy.

  • NEW YORK, Sept 17- The U.S. dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fueling skepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.

  • Lennar's green shoots raise hopes for home sector Wednesday, 17 Sep 2014 | 9:48 AM ET
    New homes for sale by Lennar home builders.

    Lennar's earnings beat on Wednesday, with fairly big numbers, will help the bull argument.

  • State Street tells FX chief to stay home: Report Wednesday, 17 Sep 2014 | 8:00 AM ET
    State Street Corp.'s headquarters stand in Boston, Massachusetts, U.S.

    State Street has asked its foreign exchange trading chief to stay away from the office, Dow Jones reported, citing unnamed sources.

  • LONDON, Sept 17- Sterling crept higher on Wednesday, helped by a handful of polls showing the "No" camp holding onto a slender lead in the run-in to Thursday's referendum on Scottish independence.

  • *Sterling inches up ahead of Scotland vote, implied vols jump. LONDON, Sept 17- The dollar neared six-year highs against the yen on Wednesday as investors awaited fresh clues from the Federal Reserve on when a first hike in U.S. interest rates is likely to come.

  • *China bank liquidity speculation underpins Aussie. TOKYO/ SYDNEY, Sept 17- The U.S. dollar firmed on Wednesday, recovering from a setback in the previous session as investors awaited the Federal Reserve's latest guidance on U.S. interest rates.

  • Adam Cole, head of currency strategy at RBC, says the Federal Reserve's language will change less than the market expects which will see the dollar weaken.

  • *China bank liquidity speculation lifts Aussie. SYDNEY, Sept 17- The U.S. dollar nursed modest losses early on Wednesday, having suffered an unexpected setback as jitters mounted hours before the Federal Reserve offers its latest guidance on interest rates.

  • NEW YORK, Sept 16- The dollar fell to nearly two-week lows against the euro and Swiss franc on Tuesday, pressured by a report that said the Federal Reserve was unlikely to change its dovish stance on near-zero interest rates at a two-day policy meeting that ends on Wednesday.

  • European markets watch key French vote     Tuesday, 16 Sep 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a really bad session for Greece and the French prime minister faces a parliamentary vote of confidence.

  • FOREX-Dollar inches lower ahead of Fed meeting outcome Tuesday, 16 Sep 2014 | 9:53 AM ET

    *Dollar in holding pattern ahead of Fed meeting. NEW YORK, Sept 16- The dollar slipped on Tuesday as investors booked profit on the currency's recent rally ahead of a Federal Reserve meeting that could potentially turn more upbeat on the U.S. economy and flag an interest-rate increase sooner rather than later.

  • LONDON, Sept 16- A renewed drop in the Australian dollar was the main move on major currency markets on Tuesday, with the dollar, euro and yen steady before potentially more dramatic events later in the week. Since then the Aussie has renewed its course, "said Graham Davidson, a spot currency dealer with National Australia Bank in London.

  • Aussie back under pressure, eyes on German data Tuesday, 16 Sep 2014 | 4:47 AM ET

    Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.

  • *ECB openly addresses economic benefits of weaker euro. FRANKFURT/ TOKYO/ WASHINGTON, Sept 16- Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat.

  • OSAKA, Japan, Sept 16- Bank of Japan Governor Haruhiko Kuroda said stable yen moves are crucial for the country's business sector, nodding to complaints from some companies that rising import costs from sharp yen declines were starting to hurt their bottom line.

  • FOREX-Aussie back under pressure, eyes on German data Tuesday, 16 Sep 2014 | 3:35 AM ET

    The ZEW indicator of German investor confidence will provide a brief distraction from this month's dominant concerns in Europe- Scotland's vote on independence and the prospect of a clear warning of interest rate rises from the U.S.