NEW YORK, July 11- The U.S. dollar was stable against the yen and the euro on Friday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.» Read More
Beat Siegenthaler, FX strategist at UBS Investment Bank, discusses the currency trading opportunities amid market jitters across the globe.
Robert Rennie, Global Head of FX Strategy at Westpac Bank, explains why jitters from Portugal is unlikely to weigh on currencies like the euro for long.
SYDNEY/ TOKYO, July 11- The yen was poised to end the week higher on Friday, having jumped to a five-month peak against the euro overnight as banking woes in Portugal drove global equities lower and lifted demand for the safe-haven currency.
NEW YORK, July 10- The yen hit a five-month high against the euro and an almost two-month high against the dollar on Thursday after concerns about Portugal's largest listed bank and weak Italian economic data hit European shares.
NEW YORK, July 10- U.S. stocks fell on Thursday, joining a European sell-off driven by troubles at Portugal's biggest listed bank, while prices of U.S. government debt rose and the Japanese yen climbed to a five-month high against the euro. Wall Street seemed to ignore government jobless claims data that suggested the U.S. labor market was perking up.
NEW YORK, July 10- The yen hit a five-month high against the euro and an almost two month high against the dollar on Thursday, after concerns about Portugal's largest listed bank and weak Italian economic data hit European shares.
The yen rose as investors sought shelter from economic stress in Europe.
LONDON, July 10- The yen rose to a three-week high against the euro on Thursday as investors sought safety following weak Italian economic data and concerns about Portugal's largest listed bank that hit European shares. The euro dropped 0.5 percent to 137.84 yen, its lowest since June 16.
The BoE left interest rates and its asset purchase target unchanged amid concerns that a strong sterling is choking off an economic recovery.
Philip Poole, head of research at Deutsche Asset and Wealth Management, says the dollar will strengthen and euro will weaken as the U.S. Federal Reserve ends tapering and the ECB introduces more stimulus measures.
NEW YORK, July 9- The U.S. dollar weakened against the euro and the yen on Wednesday after the Federal Reserve's June meeting minutes kept a dovish tone in a statement that was devoid of any large surprises. "A lot of what was said in the FOMC minutes we already knew, and we knew quite well," said John Kicklighter, senior currency strategist at DailyFX in New York.
*Dollar reverses earlier strength, falls against euro. NEW YORK, July 9- The U.S. dollar fell against the euro on Wednesday as investors awaited the release of minutes from the Federal Reserve's June meeting for any indications of how soon the U.S. central bank will raise interest rates.
The euro traded marginally stronger, with traders looking to a speech by ECB and minutes from the Fed meeting today.
LONDON, July 9- The euro was steady against the dollar on Wednesday, with traders looking to a speech by European Central Bank chief Mario Draghi and minutes of the U.S. "Its really been very quiet," said Daragh Maher, a strategist with HSBC on Monday.
European Central Bank executive board member Peter Praet, says innovation and reform rather than the level of the euro, are the solution to the euro zone's competitiveness issues.
--Neal Kimberley is an FX market analyst for Reuters. LONDON, July 9- Disappointing economic data out of Germany, the euro zone's engine room, combined with a suite of new ultra accomodatory monetary polices from the European Central Bank may prove the catalyst for euro weakness against the dollar.
LONDON, July 9- The euro traded marginally stronger on Wednesday, with traders looking to a speech by European Central Bank chief Mario Draghi and the minutes of the U.S. "Its really been very quiet," said Daragh Maher, a strategist with HSBC on Monday.
BRUSSELS, July 9- The single European currency is not too strong and the European Central Bank should not go beyond its mandate to influence the exchange rate, ECB Governing Council member Luc Coene said in a newspaper interview published on Wednesday.
The outlook for central bank policymaking dominated attention in major currency markets on Tuesday, with the dollar rally already fading.
SYDNEY/ SINGAPORE, July 8- The dollar held steady versus a basket of major currencies on Tuesday, having retreated from the previous day's near-two-week high, giving the euro a chance to get over an unexpected slump in German industrial output.