The euro rebounded against the dollar on Thursday after data showed euro zone business growth unexpectedly picked up in October.» Read More
LONDON, Oct 2- The euro retained its small gains against the dollar on Thursday but remained near a two-year low after the European Central Bank kept interest rates unchanged at historic lows as expected. Investors are now awaiting a news conference at 1230 GMT at which the bank's President Mario Draghi is expected to give further details of the ECB's plan to buy...
Matt Smith, Schneider Electric, discusses why crude prices are hitting 52-week lows. And Boris Schlossberg, BK Asset Manangement, provides his play on the euro versus the U.S. dollar.
*Europe stocks drop as global sell-off continues. LONDON, Oct 2- World stocks and oil were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. Confirmation of a case of Ebola in the United States joined a growing list of...
LONDON, Oct 2- World stocks were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. All that pushed MSCI's 45- country world stock index to a five-month low and Britain's FTSE, Germany's DAX and France's CAX fell 0.3-0.6...
The yen held its gains against the dollar on Thursday after weak manufacturing surveys from around the globe and an Ebola health scare in the United States.
With the European Central Bank unlikely to unveil fresh stimulus on Thursday, the U.S. dollar rally could be coming to an end, says Mark Matthews, Head of Research for Asia at Bank Julius Baer.
SYDNEY, Oct 2- The safe-haven yen held onto solid gains early on Thursday after disappointing manufacturing surveys from around the globe triggered a run on risk, while the euro stayed defensive as a policy review by the European Central Bank loomed. Investors warmed to the Japanese currency after a slew of surveys showed German factory activity shrank for the...
The dollar dropped from six-year highs against the yen on Wednesday, weighed down by a fall in U.S. Treasury debt yields.
BMW is "fully hedged" against the falling euro says Ian Robertson, head of sales and marketing at BMW, adding that the weaker currency should not affect the group's 2014 performance.
LONDON, Oct 1- The dollar rose above 110 yen for the first time in six years and held near a two-year peak against the euro on Wednesday as investors added to bets that U.S. economic data will lead the Federal Reserve to tighten monetary policy. The dollar was up 0.25 percent at 109.90, having risen past 110 yen during Asian trade.
Currency strategists are weighing up whether to join a crowded trade or get comfortable with what has been described as a "seat on the Titanic."
LONDON, Oct 1- The dollar rose above 110 yen for the first time in six years and held near a two-year peak against the euro on Wednesday, as investors added to bets that U.S. data will drive the Federal Reserve to tighten policy. The dollar was up 0.2 percent at 109.90, having risen past 110 yen during Asian trade.
Bill Blain, strategist from Mint Partners, says only a weaker euro will be able to help the euro zone economy improve.
TOKYO/ SYDNEY, Oct 1- The dollar struck a six-year high against the yen and was poised near a two-year peak against the euro, while gathering more bullish impetus on Wednesday as weaker than expected Australian retail sales data sparked selling on Australian dollar.
Phyllis Papadavid, senior global foreign exchange strategist at BNP Paribas, says the latest euro zone inflation data "confirms" that investors should short the euro against a range of G10 currencies.
The dollar index briefly trimmed its earlier gains on Tuesday after weaker-than-expected home price data in July raised doubts about the U.S. economy.
*Share markets mixed amid uncertainty over Hong Kong, quarter end. *HSBC manufacturing survey disappoints, but exports improve. LONDON, Sept 30- World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.
Expectations of Fed tightening may spur fears of a rerun of emerging market turmoil, but Societe Generale tips a strong dollar as a bigger risk.
The dollar's three-month rally took a breather on Monday on nervousness over Beijing's response to democracy protests in Hong Kong.
*Hong Kong unrest hits some European shares. LONDON, Sept 29- The dollar hit its highest in almost two years against the euro, with German inflation data expected to keep pressure on the ECB to ease monetary policy. Unrest in Hong Kong hurt Asian-exposed European shares.