The dollar trimmed losses against the euro and yen Friday as the downgrade on fourth-quarter growth was not as steep as foretasted.» Read More
The euro hit a fresh 11-year low after Draghi announced the launch of an open-ended expanded monthly 60 billion euro bond-buying program.
The currency war is being played like a chess match, but that will eventually change, veteran trader Art Cashin told CNBC.
The yen rebounded against the dollar after the Bank of Japan stood pat on monetary policy.
The dollar hit a one-week high against the yen after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.
The European Central Bank could take its boldest steps yet to revive the euro zone's moribund economy.
Dennis Gartman, along with Deutsche Bank's David Bianco, talk about who is hurt by the Swiss central bank's move.
LONDON, Jan 16- Sterling held near a seven-year high against a weakened euro on Friday as expectations grew that the European Central Bank would resort to further monetary easing next week. The SNB decision comes ahead of key event risks in the euro zone--the ECB decision and the snap Greek elections, "said Nawaz Ali, UK market analyst at Western Union.
Switzerland's franc soared by almost 30 percent in value against the euro after the Swiss National Bank abandoned its three-year old cap.
LONDON, Jan 15- Sterling hit a seven-year high against a battered euro on Thursday after the Swiss National Bank's shock decision to scrap its three-year-old cap on the franc's value against the euro left currency investors reeling. "A large buyer of the euro is now not buying any more," said Alvin Tan, a currency strategist at Societe Generale.
Switzerland's franc soared by almost 30 percent after the Swiss National Bank abandoned its cap against the euro.
The dollar fell against the yen following after newly released data showed retail sales fell 0.9 percent, its biggest drop since January 2014.
LONDON, Jan 14- Currency investors have begun to protect themselves against the risks to sterling posed by the most uncertain British election for decades, having learnt a tough lesson in the run-up to Scotland's independence referendum. Sterling fell sharply and volatility soared in the days preceding September's vote as investors belatedly woke up to the...
Sterling fell towards an 18-month low against the dollar, after data showed British inflation at its lowest since 2000.
LONDON, Jan 13- Sterling fell towards an 18- month low against the dollar on Tuesday, after data showed British inflation at its lowest since 2000, bolstering expectations that the Bank of England will keep interest rates suppressed for longer. The euro fell below $1.1800, dragged down by expectations that the European Central Bank will launch a full-fledged...
The yen hit a one-month high against the dollar on Tuesday, buoyed by steady demand for safe-haven assets against a backdrop of plunging oil prices.
Carl Weinberg, chief economist at High Frequency Economics, says the U.K.'s current account deficit and the downward move in the pound could be the beginning of a move in the currency of "dramatic proportions".
*Focus on UK inflation, downside risk to sterling. In Europe, the focus will be on the pound ahead of UK inflation data. A drop below one percent would require BoE Governor Mark Carney to write an explanatory letter to Britain's finance minister and would boost expectations that the bank will wait until the second quarter of 2016 before raising interest rates.
Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly.
LONDON, Jan 9- Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly after U.S. payrolls data that showed the economy creating jobs robustly without generating much wage growth. By late trade in London, sterling was half a percent higher at $1.5157 and 0.1 percent stronger against the euro at 78.09 pence.
The euro extended losses into a sixth straight day to trade near a nine-year low, as investors bet the ECB was getting closer to adopting QE.