"We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.» Read More
*Record closing high on Wall Street lifts Asia. TOKYO, July 17- Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S.
TOKYO, July 17- Asian equities gained early on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid market speculation the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15 percent.
SYDNEY, July 17- The euro wallowed at five-month lows against the yen on Thursday and held near a two-year trough on sterling, having weakened broadly overnight in a move that should provide some comfort to the European Central Bank. Traders said recent upbeat UK data had prompted investors to switch into sterling from the euro.
FRANKFURT, Germany— International investors are recovering their appetite for euros as the shared currency recovers from a debt crisis that threatened to break it up.
Tom Enders, Airbus Group CEO, says it "would be nice if the ECB would help" lower the euro, and that the main focus for the group is to drive down its costs.
The dollar clung to gains after bulls latched onto a comment by the head of the Fed that rates could rise sooner if employment continued to improve.
*Sterling rises after UK inflation jumps. LONDON, July 15- The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.
The yen eased on Tuesday after the Bank of Japan's growth warning, but it stopped short of hinting at a new bout of money-printing.
"It's going to be a technical circumstance," commodities trader Dennis Gartman says.
The dollar was steady as investors awaited pivotal events, including Fed Chair Janet Yellen's congressional testimony, for fresh cues.
SYDNEY, July 14- The dollar, euro and yen started trade on Monday pretty much where they closed last week with investors awaiting pivotal events including Federal Reserve Chair Janet Yellen's congressional testimony for fresh cues.
LONDON— The European Central Bank is coming under increasing pressure to do more to stem the strength of the euro currency, which is hurting exporters and keeping a lid on the region's recovery from recession.
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.
The yen was near a five-month peak against the euro as banking woes in Portugal drove equities lower and lifted demand for the safe-haven currency.
LONDON, July 11- Major currency markets were steady in Europe on Friday, having ridden out a day of ructions on European stock markets with only minimal moves on the euro and yen.
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.