The euro fell sharply on Friday after European Central Bank chief Mario Draghi signaled the organization could launch further monetary easing.» Read More
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.
SYDNEY, Oct 7- The dollar nursed heavy losses early on Tuesday, having suffered its biggest one-day fall in a year as it reversed almost all of its U.S. payrolls-inspired gains in a temporary setback for dollar bulls. The euro rebounded to $1.2652 from a two-year trough near $1.2500 set on Friday, while sterling clawed back to $1.6075, after hitting an 11- month low...
The dollar paused for breath in early European trade after forecast-beating U.S. jobs data on Friday.
It hasn't taken sterling long to lose all the gains from the relief rally which followed Scotland's vote against independence.
The dollar climbed to a more than four-year peak on Friday after a report showing the U.S. economy created more jobs than expected last month.
The yen held its gains against the dollar on Thursday after weak manufacturing surveys from around the globe and an Ebola health scare in the United States.