The dollar touched an 11-month high after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening.» Read More
The US dollar extended a rally after an 8-1/2 year high in services growth and a bigger-than-expected increase in factory orders.
Richard Perry, market analyst at Hantec Markets, says there is the prospect for a technical rally for the euro and that a period of sterling "bullishness" is coming to an end.
The euro headed back below $1.34 on Tuesday after a survey of Italian service sector purchasing managers disappointed on the low side.
*Asia hit by unexpected weakness in China services PMI. *Wall Street expected to fall at open. The three main futures indices on Wall Street pointed to a softer open on Wall Street before a survey of the U.S. non-manufacturing sector that could help show how fast the world's biggest economy is expanding.
*European shares rise, shrug off Asia weakness. *Asia hit by unexpected weakness in China services PMI. Investors were cheered by strong results from German luxury carmaker BMW and France's third biggest listed bank Credit Agricole, among others, enabling European equities to buck the trend in Asian markets which were hit by weak Chinese data.
SYDNEY/ SINGAPORE, Aug 5- The dollar was stuck below a 10-1/ 2 month peak against a basket of currencies on Tuesday, taking a breather after U.S. jobs data last week dampened speculation of an earlier-than-expected interest rate rise by the Federal Reserve. The euro held steady near $1.3425, staying just above an eight-month low of $1.3366 plumbed last week.
Valentin Marinov, director of FX strategy at Citi, says the dollar is re-emerging as the "ultimate safe haven" currency as the euro looks "vulnerable".
The euro was holding most of Friday's gains, although down slightly on the day at $1.3419 in morning trade in New York.
Weak global demand will hit the U.S. economy and cause the dollar to sell off in the second half of the year, one analyst told CNBC.
*Dinar drops vs euro and dollar, ending period of stability. TUNIS/ DUBAI, Aug 4- Weakness of Tunisia's dinar is undermining the purchasing power of its citizens and evoking memories of the country's economic crisis after its 2011 revolution.
Steen Jakobsen, chief economist at Saxo Bank, says low demand in the global economy will hit U.S. growth and cause dollar weakness.
The dollar hovered around 10-month highs ahead of U.S. jobs data on Friday.
The U.S. dollar edged higher against a basket of major currencies on Thursday after labor market data fueled expectations for a hawkish Fed.
Q2 GDP partly offset by mixed Fed views. LONDON, July 31- The dollar held just below a 10- month high against a basket of currencies on Thursday after the Federal Reserve said it was in no rush to raise interest rates, tempering a rally that dates back to early May.
The dollar rose against a basket of currencies on Wednesday, after the Fed announced it will cut its asset buying program by another $10 billion.
*European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were near record lows ahead of inflation data expected to boost the case for further policy easing by the European Central Bank.
*European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.
LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.
SYDNEY, July 30- The U.S. dollar hovered at a six-month peak against a basket of major currencies early on Wednesday, having pushed higher as investors continued to give the euro a wide berth.
NEW YORK, July 29- World equity markets fell on Tuesday while the dollar reached eight-month highs against the euro on expectations of positive U.S. economic data and a more hawkish tone from the Federal Reserve.