The U.S. dollar turned flat against the euro, giving up earlier gains which drove the European currency to an eight-month low.» Read More
The dollar struggled to make more headway after a jump in U.S. job creation left stock markets in optimistic mood.
The dollar was broadly bid on Thursday by a stronger-than-expected U.S. nonfarm payrolls report for June.
The report boded well for Thursday's U.S. nonfarm payrolls report, and provided a boost to the dollar.
LONDON, July 2- The dollar held above a two-month low against a basket of currencies on Wednesday, before the release of a survey of the U.S. labour market and a speech by Federal Reserve Chair Janet Yellen that is expected to be dovish. Both heightened expectations that the Bank of England will tighten policy before the year's end.
TOKYO/ SYDNEY, July 2- The British pound held firm near six-year highs following an upbeat manufacturing survey while the yen and the euro lost steam as the uptick from quarter-end buying faded. The pound, which scurried to $1.7167 on Tuesday, its highest since October 2008, traded firm at $1.7148.
SYDNEY, July 2- The Australian dollar hovered near an eight-month peak early on Wednesday, having been swept higher by a short squeeze while an upbeat manufacturing survey helped power sterling to levels not seen in nearly six years.
A UK factory survey adds to evidence that Britain's consumer-led recovery is becoming more balanced and sustainable.
The euro held near a six-week high against the dollar on Tuesday, threatening a break past $1.37.
The dollar looked set for a second week of losses on Friday, after a string of poor U.S. economic data that gave investors no reason to expect higher interest rates soon.
Sterling rallied on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations.
LONDON, June 26- Sterling rallied against the dollar on Thursday after new measures to cool the UK housing market failed to dampen rate rise expectations and a downward revision to U.S. The Bank of England tightened lending norms to the housing sector but its measures were less aggressive than many in the market had anticipated.
LONDON, June 26- The dollar index languished near one-month lows on Thursday, still held back by surprisingly weak U.S. first-quarter GDP data, which has bolstered expectations that monetary policy will remain loose. In the European session, the focus will be on the British pound and the impact from the Bank of England's report on financial stability.
LONDON, June 25- Sterling stayed under pressure for a second day on Wednesday, as investors cut favourable bets on the currency after Bank of England governor cooled expectations of an interest rate hike later this year.
The pound saw losses after comments from the BoE cooled expectations for an interest rate hike, while its G3 counterparts drifted in well-worn ranges.
LONDON, June 25- Sterling extended losses on Wednesday, falling sharply against the euro as investors cut favourable bets on the currency after Bank of England governor cooled expectations of an interest rate hike later this year.
SYDNEY, June 25- The British pound nursed losses on Wednesday after comments from the Bank of England governor cooled expectations for an interest rate hike this year, while its G3 counterparts drifted in well-worn ranges.
SYDNEY, June 25- Sterling nursed losses early on Wednesday after comments from the Bank of England governor cooled expectations for an interest rate hike this year, while the G3 currencies remained stuck in well-worn ranges following yet another non-committal session.
The British pound fell after the Bank of England did little to bolster rate hike expectations.
*Sterling weaker after Bank of England comments. NEW YORK, June 24- The U.S. dollar edged higher on Tuesday after stronger-than-expected U.S. housing and consumer confidence data increased expectations of a more hawkish tone from the Federal Reserve.
LONDON, June 24- The British pound fell on Tuesday, on track for its biggest daily decline in two weeks against the dollar, after Bank of England chief Mark Carney did little to bolster interest rate hike expectations.