The US dollar extended broad-based gains on Wednesday after slightly higher-than-expected US inflation data and amid concerns over European banks.» Read More
Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets.
LONDON, Oct 20- Sterling rose against the euro and the dollar on Monday, as traders bought it after last week's sharp losses, with its near-term direction set to be dictated by UK growth data. Third-quarter gross domestic product numbers on Friday could provide some support for the currency, which has been plagued by increasing doubts in the solidity of Britain's...
LONDON, Oct 20- Sterling inched higher against the euro and the dollar on Monday, with its near-term direction set to rest on a round of UK data releases and whether this week sees a revival of a broader dollar rally. "There may be some support from the GDP numbers on Friday," said Jane Foley, a strategist with Rabobank in London. "But the message from the Bank of England's...
The U.S. dollar edged higher against a basket of major currencies on Friday after strong data on U.S. consumer sentiment calmed nerves.
The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday's selloff was overdone.
The U.S. dollar hit a three-week low against the euro and a more than one-month low against the yen on Wednesday.
*China inflation data takes centre stage in Asia. SYDNEY, Oct 15- The euro and sterling nursed losses early on Wednesday after disappointing data out of Germany and Britain took a heavy toll on both currencies, helping send the dollar index higher. The common currency fell to $1.2640 from a near one-week high of $1.2770 after a closely watched ZEW survey showed...
The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data came out of the euro zone and United Kingdom.
*UK inflation, retail sales data hits sterling. NEW YORK, Oct 14- The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data out of the euro zone and United Kingdom underscored the relative health of the U.S. economy. "There is just massive concern about where the European economy is going," said Steven Englander, global head...
*Swedish inflation, UK retail sales hit crown, sterling. LONDON, Oct 14- The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. "It's a bit messy this morning, but to characterize it as risk off would probably be the best way of...
The US dollar fell against a basket of major currencies on Monday on concerns that the Fed may delay its first interest rate hike.
Geoffrey Yu, foreign exchange strategist at UBS, discusses the Bank of England's monetary policy and how best to trade the sterling.
The dollar firmed for a second straight session on Friday after three days of losses, bolstered by worries about the health of the global economy.
Following the Fed's warning of a strong dollar, investors are reassessing the timing and size of a rate hike, according to currency strategists.
The dollar tumbled to a three-week low against the yen on Thursday as investors continued to pare back bullish bets on the greenback.
John Hardy, foreign exchange strategist at Saxo Bank, says the sterling rally should "fade really soon" and discusses the outlook for the euro/dollar.
Ian Stannard, head of European foreign exchange strategy at Morgan Stanley, says sterling could come under pressure as the market has pushed back its expectation of a BoE rate hike.
The dollar fell to a two-week low against the euro on Wednesday after the minutes of the latest Fed meeting focused on risks to the U.S. economy.
LONDON, Oct 8- Sterling fell against the dollar on Wednesday, after two days of gains, on signs of easing British inflation which could allow the central bank to keep interest rates low. The Bank of England's Monetary Policy Committee starts a two-day meeting on Wednesday and is expected to keep rates at record lows. The data came just hours before a survey from...
The dollar fell to a three week-low against the yen on Tuesday, retracing most of its gains posted last week.