*Japan inflation slows, highlights BOJ's struggles. There's going to be a dip-buying mentality "said Rob Zukowski, senior technical analyst at 4 Cast Ltd. based in New York. Data on Tuesday that showed the U.S. economy growing at its fastest quarterly pace in 11 years underscored the divergence in paths between the world's largest economy and those of Japan and...» Read More
Russia said its currency crisis was over despite its forex reserves plunging and inflation surging over 10 percent, in its worst economic crisis since 1998.
*Japan inflation slows, highlights BOJ's struggles. Market participants expected it would still take a bit of time for business to resume in full swing, with key markets in the region such Australia, Hong Kong and Singapore closed on Friday. There is no change to our view that the yen will continue to weaken as the recovery in U.S. economic fundamentals, which is at...
MOSCOW, Dec 25- Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the...
MOSCOW, Dec 25- Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy,...
MOSCOW, Dec 25- Russia's rouble strengthened in early trade on Thursday, as exporters continued to sell foreign currency, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays. At 0724 GMT, the rouble was 1.8 percent stronger against the dollar at 52.45 and gained 1.9 percent to trade at 64.31 versus the euro.
MOSCOW, Dec 25- Russia's central bank said on Thursday that it and the Finance Ministry had not conducted forex market interventions on Dec 23. The central bank publishes its interventions data with a time lag. It has spent over $80 billion defending the rouble this year, and the Finance Ministry last week started selling leftover foreign currency on its...
RUSSIAN CENTRAL BANK AND FINANCE MINISTRY DID NOT CONDUCT FOREX MARKET INTERVENTIONS ON DEC 23- C.BANK.
*Many markets around the region closed, as well as Europe, U.S. But many foreign investors were taking time off, and markets were closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea. They will also be closed in Europe and North America.
*Many markets closed around the region, as well as London, U.S. Markets are closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea, and will be closed later in London and New York. There were some guys taking profits in the dollar-yen this week, but most people seem happy to be caught long, "said Kaneo Ogino, director at...
CNBC's Carl Quintanilla reports on all the market moving events in Europe today.
The National Retail Federation estimates holiday sales will be up 4.1 percent this year, compared with a 3.1-percent increase last year.
NEW YORK, Dec 24- Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong U.S. economic growth data on Tuesday solidified views of coming Fed rate increases. The dollar index reached a high not seen since March 2006, while the two-year yield on U.S.
ALMATY, Dec 24- Kazakhstan's government promised on Wednesday to prevent sharp volatility in the tenge currency in 2015, it said in a statement. The oil-rich Central Asian nation devalued the tenge by 19 percent in February to ease pressure on its economy. Kazakhstan's competitiveness has been hurt by a sharp slide in the Russian rouble.
LONDON, Dec 24- The dollar held near its highest point in almost nine years against a basket of currencies on Wednesday after investors brought forward forecasts for when U.S. interest rates will rise. That was the strongest sign yet that growth has shifted into higher gear and it pushed the dollar index to highs not seen since March 2006, while the two-year yield...
Currency strategists are pondering whether there is more volatility in store for the ruble.
MOSCOW, Dec 24- The Russian central bank said on Wednesday it had conducted no foreign exchange market interventions on Dec. 22.
Nick Carn, founder of Carn Macro Advisors, says the potential for several elections in a short space of time due to disagreements between political parties could weigh on U.K. assets in 2015.
Jeremy Stretch, head of foreign exchange Strategy at CIBC, discusses his outlook for the U.S. dollar in 2015.
Jeremy Stretch, head of foreign exchange Strategy at CIBC, says that continuing to sell euro below $1.20 against the dollar could surprise investors.
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.