Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
*Sterling hits 5- week high vs dollar on upbeat Bank of England. A National Association of Realtors report showing an increase in March of existing home sales to an annual rate of 5.19 million units, the highest level since September 2013, suggested the U.S. economy may be shrugging off sluggishness. In a subdued session for most major currencies, sterling topped...
The dollar edged upward after a jump in U.S. home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates.
*Sterling hits 5- week high vs dollar on upbeat Bank of England. The increase in March of existing home sales to an annual rate of 5.19 million units reported by the National Association of Realtors was the highest level since September 2013. In a subdued session for most major currencies, sterling topped $1.50 after Bank of England minutes emphasized hopes for a...
The euro inched up against the dollar, pivoting from early losses following an ECB proposal.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
*Antipodeans still struggling after disappointing China data. SYDNEY, April 14- The yen hovered just below a two-year peak against the euro early on Tuesday and was broadly firmer versus other major currencies as investors shed bearish positions overnight. Analysts said the move was triggered by comments from Koichi Hamada, an economic adviser to Japan's...
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
Ahead of the U.K. elections, Ed Miliband, the Labour Party leader, says "there is going to be a change" when it comes to tax avoidance. CNBC's Catherine Boyle reports.
Tom Costley, head of TNS Scotland, talks about the Scottish National Party and its possible influence on the upcoming U.K. election. He adds that the two-party system in the U.K. is now gone.
As the U.K. election draw closer, the Labour Party is set to launch its party's manifesto and rebrand itself as fiscally responsible. CNBC's Catherine Boyle reports.
*Australian dollar hit by shock fall in China exports. SINGAPORE/ TOKYO, April 13- The Australian dollar tumbled on Monday after a shock contraction in China's exports added to worries about slowing growth in the world's second-largest economy, while sterling extended its losses to fresh five-year lows. The poor China trade numbers knocked the Australian...
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
LONDON, April 10- Sterling fell to a five-year low against the dollar on Friday, hurt by weaker-than-expected industrial data and the rising risk of prolonged political uncertainty after a tight British election next month. The latest polling on Friday showed Scottish nationalists could take nearly all the parliamentary seats in Scotland in the May 7...
*Euro slides below $1.07, sterling flirts with $1.47. SYDNEY, April 10- The dollar hovered at three week highs against a basket of major currencies early on Friday as the hapless euro extended its decline and disappointing trade data knocked sterling lower. It last stood at $1.0665, down more than 3 percent from Monday's peak of $1.1036.
LONDON, April 9- Rising nervousness in the currency market about the risk of prolonged political uncertainty after British elections next month has driven the cost of protection against wild swings in the pound to multi-year highs. Opinion polls show the ruling Conservatives and the main opposition Labour Party neck-and-neck before the May 7 vote, with...