The dollar hovered at 14-month highs, underpinned by stronger-than-expected U.S. data and a resulting rise in Treasury yields.» Read More
*Dollar breaks above 105 yen for first time since January. NEW YORK, Sept 2- The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the European Central Bank will do more to help a wobbly euro zone economy, while the pound fell to a near five-month low versus the greenback on worries about a Scottish secession.
The euro hit a year-low against the dollar on Monday, as investors added to bets against the single currency before a policy meeting this week.
Jane Foley, senior currency strategist at Rabobank, discusses sterling following the U.K.'s weak manufacturing data and discusses the outlook for the currency.
The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data.
Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
Use of the Chinese yuan in Germany and the U.K. has doubled over the last year, as London and Frankfurt fight to become trading hubs.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
Steven Saywell, global head of FX strategy at BNP Paribas, says sterling has "a long way to go" to the upside against the euro as the Bank of England looks likely to be the first major central bank to hike interest rates.
SYDNEY, Aug 26- The euro stayed on the back foot early on Tuesday, having extended its decline particularly against the Swiss franc overnight as markets toyed with the idea of another round of policy easing by the European Central Bank.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data.
Michael Sneyd, FX analyst at BNP Paribas, says euro/dollar is a more attractive trade than cable as the Bank of England and Federal Reserve are both taking a hawkish stance.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
LONDON, Aug 19- Sterling hit a four-month low against the dollar and a near two-month trough versus the euro on Tuesday after weaker-than-expected inflation data eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.
*Data also points to softer outlook for New Zealand dollar. WARSAW, Aug 19- Sterling and the New Zealand dollar were the main losers on major currency markets on Tuesday, hit respectively by a bigger than expected fall in inflation and lower government forecasts for growth.
LONDON, Aug 19- Sterling fell to a four-month low against the dollar and slipped towards a two-month trough versus the euro on Tuesday, after data showed British inflation fell more than expected and eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.