The euro stayed bid in Asia on Tuesday, having scaled a fresh five-year high on the yen and six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.» Read More
Miles Eakers, head of foreign exchange at Savi Trading, discusses how to trade the euro amid the ongoing rhetoric from the European Central Bank.
TOKYO, Nov 29- Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.
Investors have been using the yen as a funding currency for carry trades with the Bank of Japan committed to keeping ultra-loose monetary policy to shore up growth-- a contrast with the U.S.
SYDNEY, Nov 29- The yen was pinned at a four-year trough against the euro and a six-month low on the dollar early in Asia on Friday, having suffered a bruising week as investors used the low-yielding currency to buy riskier assets.
LONDON, Nov 28- The yen struggled near lows against the euro and the dollar on Thursday, and was on track for one of its worst monthly performances this year as investors sold the low-yielding currency to buy higher-yielding assets.
The yen clawed back lost ground against the euro and dollar in Asia on Thursday after touching fresh lows against both, on track for one of its worst monthly performance this year.
*Trading light with U.S. markets shut for Thanksgiving on Thursday. SYDNEY, Nov 28- The yen languished at fresh lows against the euro and dollar early in Asia on Thursday on track for one of its worst monthly performance this year, while sterling climbed on more evidence of a stronger economic recovery at home.
Jens Nordvig, Global Head of Currency Strategy at Nomura expects the BOJ to get more aggressive next year and says USD/JPY could hit 107 by mid-2014.
The euro rose near a one-month high against the dollar and a four-year high against the yen.
NEW YORK, Nov 27- The euro rose to its highest in four years against the yen and a near one-month peak versus the dollar on Wednesday as investors embraced risk following news Germany's two major parties had formed a grand coalition deal.
The single currency peaked at around 138.54 yen, its best level since October 2009, and came close to a one-month high against the dollar of $1.3613. The approach of Thursday's Thanksgiving holiday in the United States and next week's European Central Bank policy meeting and U.S. payrolls report kept a lid on the gains.
LONDON, Nov 27- Copper was steady on Wednesday as a weaker dollar against the euro offset the impact of an improving supply pipeline of metal and investor caution ahead of U.S. data later in the session. Three-month copper on the London Metal Exchange was $7,070 a tonne in official rings from $7,065 at the close on Tuesday.
*Coming up: U.S. durable goods orders at 1330 GMT. LONDON, Nov 27- Copper rose on Wednesday helped by a weaker dollar against the euro, but an improving supply pipeline of metal and a batch of data from the United States later in the session subdued gains. Three-month copper on the London Metal Exchange was $7,089 a tonne by 1041 GMT from $7,065 at the close on Tuesday.
LONDON, Nov 27- The euro touched a four-year high against the yen on Wednesday and European stocks rose after a deal was struck to form a new German government and more talk emerged of European Central Bank help for struggling firms.
LONDON, Nov 27- The euro hit its highest in four years against the yen and rose versus the dollar on Wednesday after German Chancellor Angela Merkel's conservatives reached a deal with the Social Democrats on forming a grand coalition.
*China tensions could take centre stage in thin trading conditions. Investors were also watching developments with China, after two unarmed U.S. That was in defiance of China's declaration of a new airspace defence zone that covers the skies over islands at the heart of a territorial dispute that China has with Japan.
*Dollar index falls to one-week lows, euro eyes $1.3600. SYDNEY, Nov 27- The dollar wallowed at one-week lows against a basket of major currencies on Wednesday, undermined by lower Treasury yields after a batch of data failed to sway markets one way or the other over when the Federal Reserve will scale back stimulus.
NEW YORK, Nov 26- The dollar fell against the euro and the yen on Tuesday, weighed down by lower U.S. bond yields and data showing U.S. consumer confidence unexpectedly slipped in November.
The dollar dropped broadly on Tuesday, as lower U.S. Treasury debt yields drove investors to trim bullish bets.
*Dollar index falls, lending support to the euro. *Yen near four-year low vs euro, five-year vs GBP, 23- year low vs Swiss. NEW YORK, Nov 26- The dollar dropped broadly on Tuesday, as lower U.S.