The dollar was firm near a two-month high against the yen and held gains against the euro after stronger-than-expected underlying U.S. inflation.» Read More
*Yet sterling up solidly on the year, FTSE rides high. Neither risk materialised and the bounce in the pound after Prime Minister David Cameron's re-election with an unexpected outright majority could be viewed as a sign of investors' faith that he can weather the third of the trio- a vote on Britain's EU membership. "The market believes that whether now or later on...
LONDON, May 22- Sterling fell sharply against the dollar on Friday, after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target later this year. Sterling fell 0.9 percent against the dollar to $1.5520, well off a five-month high of $1.5815 struck on May 14.
LONDON, May 22- Sterling hovered near a 7- year high against a trade-weighted basket of currencies on Friday, buoyed by recent data bolstering a view that the British economy was outperforming its peers. The currency had taken a knock earlier this week after UK inflation fell below zero in April for the first time in 55 years. "Aside from inflation risks, the UK...
The U.S. dollar weakened against the euro on Thursday for the first time this week.
LONDON, May 21- Sterling powered to a two-month high against the euro and erased much of this week's loss against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April. "With the recent uptick in the housing market after a winter lull, and consumer confidence at its highest for several years, there's good reason to...
LONDON, May 21- Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month. But the sales figures eased concerns that a slowdown in Britain's economy in the first quarter might be the start of a longer period of...
The dollar stepped back but held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
The dollar stepped backbut held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
Kathy Lien, managing director at BK Asset Management, says the tone from the Bank of England's minutes isn't aligned with recent mixed data. She also explains why there's a buying opportunity in the pound against the Japanese yen.
*Euro broadly lower, back near $1.11. *Sterling hit as UK inflation turns negative. SYDNEY, May 20- The euro nursed steep losses early on Wednesday, having suffered a major setback as the European Central Bank looked to accelerate the pace of money printing to buy government bonds over the next two months.
The dollar made broad-based gains, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.
The dollar clawed its way higher, recovering from almost four-month lows reached late last week on another surprisingly bad round of U.S. data.
The recently interrupted bull-run in the dollar has weighed heavily on company dividends, with global pay-outs slumping.
The dollar fell to a 3-month low against the euro as disappointing data on factory activity and consumer sentiment spurred doubts about recovery.
*Euro holds near $1.1400 after extending gains overnight. SYDNEY, May 15- The dollar struggled at three month lows versus the euro early on Friday but encouraging news on the U.S. labor market helped it recover some ground against a host of other currencies. Indeed, the dollar stayed on the defensive against the euro and sterling, which climbed to three- and 5-1/ 2...
The U.S. dollar traded lower against a currency basket after downward producer price data challenged hopes for better U.S. economic growth.
Venezuela’s black market exchange rate weakened below a key level on Thursday, as the bolivar’s decline steepened in the face of hyperinflation and a rapidly shrinking economy.
The euro surged past $1.14 for the first time since February in early trade in Europe and the yen broke back through 119 yen to its highest in two weeks. Sterling, resurgent since UK elections last week, hit a six-month high of $1.5795. "We've just hit stops this morning, there's nothing more than that," said Peter Kinsella, a currency strategist with Germany's...
The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data.
Fund managers invested in U.S. markets are still expecting the dollar to return to strength, with euro dollar parity still very much on the cards.