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.» Read More
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.
SYDNEY, July 8- The dollar started trade in Asia on the back foot on Tuesday having run out of puff near a two-week high, giving the euro a chance to get over an unexpected slump in German industrial output.
NEW YORK, July 7- The dollar weakened against the yen and the euro on Monday, in line with strengthening Treasuries, as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising U.S. interest rates.
NEW YORK, July 7- The U.S dollar inched higher against the euro on Monday but pared some early gains, as investors continued to digest last week's strong U.S. employment report and speculated about when the Federal Reserve is likely to begin raising rates.
German industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, surprising most analysts.
LONDON, July 7- The euro slipped on Monday, testing a 22- month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners.
LONDON, July 7- The euro fell on Monday, hitting a 22- month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners.
Europe's economy has dragged itself out of the crisis' darkest depths, but some question whether the stock markets' rally has outpaced the recovery.
AIX-EN-PROVENCE, France, July 5- Oil major Total's chief executive said on Saturday the euro should have a bigger role in international trade although it was not possible to do without the U.S. dollar.
The dollar struggled to make more headway after a jump in U.S. job creation left stock markets in optimistic mood.
Marc Saluzzi, Chairman, The Association of the Luxembourg Fund Industry, says it aims to become the investment hub for Chinese firms in Europe.