The embattled euro held onto modest gains, having bounced off an 11-year trough as investors decided to take profits on extremely bearish positions.» Read More
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.
*Sterling at 16- month lows, bombarded by UK and U.S. data. NEW YORK, Dec 23- The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years. At first blush you have to say it was a very good revision, "said Lou Brien, strategist at DRW Trading in Chicago.
*Sterling hits 16- month low vs dollar after weak UK data. LONDON, Dec 23- Sterling skidded to its weakest since early September 2013 against a rallying dollar on Tuesday after data showed UK growth slowing in the third quarter, keeping pressure off the Bank of England to raise interest rates. Sterling fell by 0.4 percent to $1.5522 after UK growth was revised down...
The euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece's election among risks to a calmer mood.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
The dollar pared gains against major currencies on Wednesday after the Fed said there remains "considerable time" before an interest rate hike.
The Bank of England's latest monetary policy meeting shows that they will keep their interest rate at 0.5 percent. Adam Cole, head of currency strategy at RBC weighs in, adding that the next "stumbling block for U.K. policies" will be wage negotiations.
The U.S. dollar slipped against major currencies on Tuesday on expectations that the Federal Reserve would take a cautious tone.
The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy.
European shares closed sharply lower on Monday with earlier gains seen in the price of oil reversed after heavy gunfire was heard outside a Sydney cafe where hostages were being held.
The Norwegian crown sank to its weakest in more than a decade against the U.S. dollar on Friday, a day after Norway's central bank cut rates.
The dollar was boosted by strong U.S. retail sales numbers and declining jobless claims, suggesting the US economy may get a rate hike next year.
Gemma Godfrey, head of investment strategy at Brooks Macdonald Asset Management, says both the U.S. and the U.K. can accelerate in their pace of growth in 2015, despite an overall global weakness.
The euro edged higher against the dollar, but investors remained nervous over an uncertain political situation in Greece.
The yen rose strongly on Tuesday as a further drop in oil prices hit risk appetite.
Investors consolidated gains made following a strong U.S. jobs report that is expected to trigger an interest rate increase next year.
*Aussie, New Zealand dollar hit by China data, oil falls. "Nowotny's comments have just reinforced the market's view that the ECB is inching towards outright quantitative easing, we think probably in January, and that is continuing to hurt the euro," said Lee Hardman, a strategist with Bank of Tokyo-Mitsubishi UFJ in London. Sterling and the New Zealand and...
*Aussie, New Zealand dollar hit by China data, oil falls. LONDON, Dec 8- Sterling and the New Zealand and Australian dollars were the main losers among major currencies in early European trade on Monday, extending losses as the dollar continued to draw support from Friday's strong U.S. jobs data. The New Zealand dollar fell more than 1 percent to a 2-1/ 2 year low of...
The U.S. dollar reached fresh multiyear highs on Friday after a stronger-than-forecast November U.S. jobs report.
The euro rebounded from a more than two-year low against the dollar on Thursday.