The dollar languished at its lowest in over two months, under pressure from poor data, while a further spike in German yields gave the euro support.» Read More
LONDON, May 6- Sterling shed one percent against a broadly stronger euro on Wednesday, hitting a three-month low just a day before Britons vote in the most closely fought national election in a generation. "This does make a lot of sense, that the euro is outperforming sterling the day before a massively uncertain general election," said Hamish Pepper, a currency...
The dollar fell from three-week highs against the yen and one-week peaks versus the euro.
SYDNEY, May 5- The dollar was slightly firmer against a basket of major currencies early on Tuesday, advancing against the euro and sterling in thin trade with several key financial centres shut for holidays. The euro last traded at $1.1146, continuing to peel away from a two-month peak of $1.1290 set on Friday. It bought $1.5116, not far from a one-week low of...
The dollar edged higher in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing.
LONDON, May 4- The dollar rose for a second day on Monday, building on a modest comeback from a two-week decline on the back of data suggesting that the U.S. economy might be stabilising following a recent soft patch. Just three days before Britons vote in the closest-fought electoral race in recent history, the cost of protection against big swings in sterling's...
*Dollar index adds to modest gains. *Sterling weak as UK general election approaches. LONDON, May 4- The dollar added to tenuous gains on Monday after staging a modest comeback from a two-week decline on Friday, as data suggested that the U.S. economy might be stabilising after a recent soft patch.
Michael Sneed, FX strategist at BNP Paribas, says uncertainty surrounding the U.K. elections and recent positive economic data are making investors cautious about short sterling trades.
*China PMI up next as Japan enjoys Golden Week holiday. SYDNEY, May 4- The dollar clung onto tenuous gains early on Monday, having staged a modest rebound late last week as sellers set their sights on sterling after disappointing UK data. A YouGov opinion poll for the Sun newspaper published on Sunday showed Prime Minister David Cameron's Conservative Party had a...
Sterling dropped sharply against the dollar as markets brace for a potentially messy outcome to the election, the Financial Times reports.
The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies.
*UK manufacturing growth falls to seven-month low. *GRAPHIC: UK factory PMI http://r.reuters.com/tap74s. Sterling hit a three-week low against the euro after the Markit/ CIPS UK Manufacturing Purchasing Managers' Index, a closely watched monthly business survey, suffered its biggest fall in more than two years.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
The yen pushed higher on Thursday after the BOJ kept policy unchanged and held off from expanding its monetary stimulus.
The dollar dropped to an eight-week low after a weak U.S. consumer confidence report.
Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.
George Buckley, chief U.K. economist at Deutsche Bank, outlines his expectations for the U.K.'s first-quarter GDP reading and explains what that means for the Bank of England's monetary policy.
The euro scaled a three-weak peak against the dollar on optimism about Greece's prospects after the government reshuffled its bailout team.
Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.
The dollar fell against most other major currencies on Thursday, while the euro rose on waning fears of a Greek default.
Peter Hensman, global strategist at Newton, says there's evidence that sterling is pricing in all the U.K. election risks.