The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds.» Read More
The dollar index was headed for a ninth consecutive week of gains after retail sales data added to expectations that U.S. growth is gaining steam.
Below are some of the big issues that would have to be resolved between an independent Scotland and the remainder of the UK, if Scots vote' yes' on Sept 18. Britain's three main political parties have all ruled out sharing sterling on the grounds a UK- Scotland currency union could suffer the same problems as the euro zone, which shares a currency but not a government.
*Sterling steadies after latest Scotland poll. LONDON, Sept 12- The dollar index headed for its longest winning streak since 1997 on Friday, as the greenback hit a six-year peak against the yen on growing expectations that the U.S.
SYDNEY, Sept 12- The dollar hovered below a 14- month peak against a basket of major currencies early on Friday as the selloff in sterling and the euro tapered off, but commodity currencies remained under pressure. The dollar index last traded at 84.262 after a flat close in New York.
Richard Perry, market analyst at Hantec Markets, charts the recent performance of sterling and says the recovery - following the sharp sell-off - seems to be taking hold.
The U.S. dollar hit a six-year high against the yen and sterling recovered some ground after recent nerves over Scottish independence.
*Overnight poll a slim majority for Scotland to remain in U.K.. NEW YORK, Sept 11- Sterling rose from 10- month lows on Thursday after a poll reduced some fears of Scotland leaving the United Kingdom, which briefly provided support for global equity prices before their gains faded.
*Overnight poll shows more Scots favour staying in UK. LONDON, Sept 11- Sterling rose off multi-month lows on Thursday as a poll showing that most Scots intend to vote against independence next week alleviated concerns over the future of the UK, but equities slipped on an unexpected rise in U.S. jobless claims.
LONDON, Sept 11- The dollar powered to a fresh six-year high against the yen on Thursday, while sterling got some respite from a poll that helped calm nerves over Scotland's vote on independence in a week's time.
LONDON, Sept 11- The U.S. dollar powered to a six-year high against the yen on Thursday and sterling recovered some ground after a recent bout of nerves over the prospect of Scotland voting for independence in a week's time.
*Dollar near 6- year high vs yen. SYDNEY/ TOKYO, Sept 11- The U.S. dollar held near a six-year peak against the yen early on Thursday and powered to a seven-month high on its New Zealand peer, which fell after the country's central bank said the kiwi's current level was "unjustified and unsustainable".
LONDON, Sept 10- An independent Scotland would need big stockpiles of sterling if the country adopted the pound without an agreement with the rest of the United Kingdom, Bank of England Governor Mark Carney said on Wednesday.
LONDON, Sept 10- The pound recovered from a 10- month low against the dollar and a three-month trough against the euro on Wednesday as the market paused for breath after a week-long sell off on fears Scotland will vote for independence.
LONDON, Sept 10- A new central bank in an independent Scotland would need big stockpiles of sterling if the country opted to adopt the pound without an agreement with the rest of the United Kingdom, Bank of England Governor Mark Carney said on Wednesday.
NEW YORK, Sept 10- U.S. stock prices fell on Wednesday on growing bets the Federal Reserve may raise interest rates faster than previously thought, while anxiety over whether Scotland might break off from the United Kingdom unnerved investors in Europe, hurting sterling and boosting the dollar.
The dollar also trounced the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility.
LONDON, September 10- Selling sterling versus the Norwegian crown might chime with foreign exchange traders who wish to position themselves for the possibility Scotland votes to leave the United Kingdom on Sept. 18.
LONDON, Sept 10- Global shares struggled on Wednesday as markets added to bets on an early U.S. rate hike while nagging concerns over Scotland's future unnerved investors in Europe, hurting sterling and helping the dollar hold on to recent gains.
LONDON, Sept 10- Sterling hit a fresh 10- month low against the dollar and a three-month trough against the euro on Wednesday, with traders citing an online survey on the Scottish independence which gave the "Yes" camp a strong lead.
Investors bet that the U.S. economy is growing at a pace that is likely to lead the Federal Reserve to begin raising interest rates next year.