The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.» Read More
*Eyes on China's manufacturing sector report. SYDNEY, Jan 23- The Canadian dollar wallowed at four-year lows early on Thursday after the Bank of Canada all but begged the market to sell the currency, while sterling took off as investors priced in an earlier start to rate hikes in the UK.
*UK jobs data drive sterling higher. NEW YORK, Jan 22- The dollar edged higher on Wednesday, helped by sharp gains against the Canadian currency as the greenback's outlook stayed upbeat, with the Federal Reserve possibly a week away from its next round of reduction in asset buying.
The dollar slipped on Wednesday, hurt by gains in sterling and the Australian currency.
*Sterling hits highest in year vs euro after UK data. European assets grabbed the spotlight, with sterling hitting a three-week high against the dollar and a one-year high against the euro on hints of an impending UK rate hike. On Wall Street, the S&P 500 and Dow were down, while the tech-heavy Nasdaq rose.
*UK jobs data drive sterling higher. "Sterling and the Aussie dollar are separate issues by themselves, but in terms of the U.S. dollar, the market is still comfortable adding to long positions as the Fed tapering remains on track," said Vassili Serebriakov, currency strategist at BNP Paribas in New York.
*Sterling hits highest in year vs euro after UK data. That kept world stocks hovering near 5 1/ 2- year highs, though the mood soured in Europe as Portugal suffered its worst day since July. Wall Street focused on another flurry of company earnings, including results from eBay and Netflix, and on' Redbook' data.
*UK jobs data drive sterling higher. UK unemployment slid to within a whisker of the level at which the Bank of England has said it might consider a rise in interest rates, driving sterling- the best performing major currency of the past six months- another half a percent higher against both the euro and dollar.
*Sterling hits highest in year vs euro after UK data. LONDON, Jan 22- World stocks edged back towards 5-1/ 2 year highs on Wednesday as moves to cool lending-market tensions in China gave an extra boost to the brightening global economic outlook.
The dollar rose versus the yen on Tuesday, helped by renewed talk that the U.S. Federal Reserve may announce a further taper next week.
The euro recovered slightly from a two-month low against the dollar on Monday, helped by higher short-term market interest rates.
*New Zealand dollar falls 1 percent vs dollar. LONDON, Jan 17- Strong British retail sales shook the pound out of a week-long torpor on Friday while the New Zealand dollar was the biggest faller among major currencies, halting a run to 9- month highs.
The Australian dollar tumbled to its lowest level since mid-2010 against a firmer U.S. dollar on Thursday.
Shares in the 158- year-old firm known for its camel, red and black check pattern rose up to 7.1 percent on Wednesday, as investors welcomed the strong sales in an industry jittery about volatile demand in China- until recently its engine of growth. "We believe many markets are still under-penetrated for the brand," HSBC analysts said of Burberry's prospects.
The yen and Australian dollar nursed heavy losses early on Wednesday, having suffered a swift turnaround in fortunes as a shakeout in long dollar positions came to an abrupt end following upbeat U.S. retail sales data.
The U.S. dollar's decline to multi-week lows against the Japanese yen following Friday's shockingly weak U.S. jobs number represents just a temporary setback for the greenback, according to CNBC's latest poll.
The U.S. dollar has taken a beating in the aftermath of last week's much softer-than-anticipated non-farm payrolls report, dealing a blow to those betting on a stellar year for the greenback.
The dollar tumbled to its lowest in almost a month against the yen on Monday, following Friday's soft U.S. jobs data.
LONDON, Jan 13- Sterling and gilt yields dipped in steady trade on Monday with a move by the UK Treasury to head off any nerves around this year's vote on Scottish independence prompting the first open market talk of the risks involved.
Trading at a four-year low and suffering its worst week since last June, the Canadian dollar has come under pressure against a basket of G10 currencies.
The dollar fell broadly after weaker-than-expected U.S. jobs data on Friday affirmed expectations that the Federal Reserve will take a gradual approach to tapering its bond buying program this year.