Stocks Drop 1% as Fed Tapering Fears, Weak China Data Rattle Markets
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LONDON, May 23- The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls.
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LONDON, May 23- The yen vaulted against the dollar and the euro on Thursday as a slide in equities prompted investors to take profits on the safe-haven Japanese currency's recent sharp falls.
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The dollar bounded up to a three-year high against a basket of major currencies in Asia, squeezed higher after Treasury yields jumped after the Federal Reserve's comments.
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LONDON, May 23- The yen vaulted to two-week highs against the dollar and the euro on Thursday as a slide in equities encouraged profit-taking on the safe-haven currency's recent sharp falls.
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TOKYO, May 23- The yen gained across the board on Thursday, bouncing sharply off a 4-1/ 2- year low against the dollar and notching up a two-week high against the euro after a whiplash move in stocks prompted investors to scramble for safety in Japanese bonds.
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The ECB recently set up a task force with the European Investment Bank to assess ways to unblock lending to small- and medium-sized businesses, including promoting a market for ABS based on loans for smaller firms.
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The dollar rallied to trade at a fresh 4 1/2-year high against the yen after Fed Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
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Steven Englander, Citibank's G10 FX strategy global head, discusses how curbing the Fed's current stimulus program will impact bonds and currencies.
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The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
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*Bernanke to testify before Congress on Wednesday. The euro rose 0.2 percent to $1.2906, having reached a session peak of $1.2933 and moving away from a six-week low of $1.2795 touched on Friday, according to Reuters data. Focus now shifts to Fed Chairman Ben Bernanke's testimony to Congress at 10 a.m. 1400 GMT) on Wednesday.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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*Gold's appeal hurt by fears the Fed will ease stimulus. (Recasts, updates prices, adds comments, adds byline, changes dateline NEW YORK/ LONDON, May 21- Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the U.S.
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*Bernanke to testify before Congress on Wednesday. NEW YORK, May 21- The U.S. dollar fell against the euro on Tuesday after St. Comments from Fed officials were closely watched ahead of Chairman Ben Bernanke's testimony to Congress on Wednesday.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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*Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies. That has made Wednesday's release of minutes from the central bank's last meeting and Fed chairman Ben Bernanke's testimony in Congress the main focus for markets waiting for the first signs of a clear shift in attitude.
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Axel Merk, President and Chief Investment Officer at Merk Investments explains why he says the biggest threat markets could be facing right now is economic growth.
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The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
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NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
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NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
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LONDON, May 20- The yen lifted off a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough, prompting some investors to pare bets against it. Last Friday, the dollar reached a high of 103.32 yen, while the euro hovered near a 3-1/ 2- year peak of 132.78 yen.