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The dollar edged up against the yen on Tuesday after a Japanese minister clarified earlier remarks about the yen's weakness that had toppled the greenback from a 4-1/2-year high.
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France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.
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LONDON, May 16- Weak data fanned expectations on Thursday of more central bank action in Europe, keeping yield-hungry investors focused on the region's stock markets and the dollar near a six-week high against the euro.
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*Dollar recovers after soft U.S. manufacturing-driven fall. TOKYO, May 16- The dollar held close to a 4-1/ 2 year high against the yen on Thursday, with buying from Japanese importers helping it to recoup some of the losses suffered after disappointing U.S. industrial data, while the euro wobbled near a six-week low.
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Michael Gallagher, director of research at IDEAglobal, warns that a risk-off phase is about to start, prompting a 10% decline in European stocks as well as a fall in EUR/USD and governments' bond yields.
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TOKYO, May 16- The dollar pulled away from a 4-1/ 2 year high against the yen on Thursday after disappointing U.S. industrial data caused Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.
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To really take the shine off the euro, policymakers need to show they are serious about pushing rates into negative territory.
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Mansoor Mohi-uddin, Chief Currency Strategist at UBS Investment Bank says the short yen trade is being driven by risk-seeking behaviour. He thinks USD/JPY will hit 110 this year.
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NEW YORK, May 15- U.S. stocks scaled record highs on Wednesday as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.
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The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by an unexpectedly large contraction of the euro zone economy.
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LONDON, May 15- Oil slipped towards $102 a barrel on Wednesday after data showed the euro zone's recession extended to the longest on record, while a stronger U.S. dollar and ample supplies put additional pressure on on the price. Brent crude slipped 42 cents to $102.18 a barrel by 1200 GMT.
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LONDON, May 15- Oil slipped towards $102 a barrel on Wednesday after data showed the euro zone's recession extended to the longest on record, with a rising supply outlook also weighing on prices. Brent crude slipped 16 cents to $102.44 a barrel by 1005 GMT. Germany, the region's largest economy, narrowly dodged falling into recession thanks to a rise in consumption.
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Daragh Maher, FX strategist and director at HSBC, tells CNBC that he the euro has been remarkably resilient but is lower than it has been.
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SINGAPORE, May 15- London copper fell to its lowest in more than a week on Wednesday, as weak European growth data hurt the euro, while dimming prospects for demand growth in top metals consumer China hurt the outlook for metals.
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LONDON, May 15- Surprisingly weak first quarter economic growth numbers from Germany and France sent the euro to a six-week low against the dollar on Wednesday, boosting the chance of another interest rate cut. European Central Bank president Mario Draghi said earlier this month he would cut rates further if the growth outlook worsened. "
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Chris Weston, Head of Sales and Research at IG is bullish the U.S. Dollar in the long term. Clem Chambers, CEO of ADVFN joins in the discussion.
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The yen fell against the dollar on Tuesday for a fourth straight session, hitting its lowest level in 4 1/2 years as signs that the U.S. economy is improving.
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Despite recent positive data for the U.K. economy, analysts believe sterling will move even lower this week with the latest inflation report on Wednesday.
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LONDON, May 14- A pause in the dollar's recent run helped steady oil and gold prices on Tuesday, while large demand for Spanish bonds helped the euro shake off weaker-than-forecast German sentiment data.
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Boris Schlossberg, managing director at BK Asset Management, tells CNBC that the Euro has had everything thrown at it and been remarkably resilient.
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*Euro up vs dollar on Middle East buying, awaits ZEW. A better-than-expected number could lift the euro to $1.3050 with stop-loss buy orders cited at $1.3055 while a disappointing number could push it down towards $1.2950, traders said.