The yen gained on Monday as weak China data fueled worries about an economic slowdown, while downbeat Japanese figures underscored the drawbacks of a weaker currency.» Read More
The dollar gained against the yen on Tuesday, buoyed by US trade deficit data that could inflate estimates for fourth-quarter growth.
The dollar dipped against the euro and yen on Monday as weaker-than-expected data gauging the US services sector reflected slowing growth.
LONDON, Jan 3- Sterling weakened against the dollar on Friday as the pound gave back earlier gains brought on by a slew of economic data that showed both the risks and the potential of Britain's recovery.
The U.S. dollar is expected to weaken further next year as the global economic recovery takes hold, analysts said.
The dollar rose against the euro as US data further supported the stance for the Federal Reserve to gradually scale back its bond-buying stimulus.
*Intraday peak of $1.6605, highest since August 2011. LONDON, Jan 2- Sterling retreated against the dollar following weaker-than-expected UK manufacturing data on Thursday, after touching a fresh 28- month high in early trade.
*Pound strengthens 0.2 pct against dollar to $1.653. The pound was up 0.2 percent to trade at $1.653 at 1015 GMT, as investors positioned themselves for the possibility the Bank of England will raise interest rates sooner than it has said it expects to.
Investors overall are positioning themselves for the possibility of a sooner-than-expected Bank of England rate hike. The pound was up 0.1 percent against the dollar to trade at $1.6490 at 0950 GMT, extending last week's rally into the final days of the year.
LONDON, Dec 27- Sterling reached a near two-and-a-half year high against the dollar on Friday on expectations that economic recovery in Britain could prompt the Bank of England to raise rates sooner than previously thought.
LONDON, Dec 24- Sterling edged up on Tuesday as strong British mortgage data added to concerns that the housing market may be overheating, reinforcing expectations the Bank of England may raise rates sooner than previously expected.
LONDON, Dec 24- Sterling gained slightly against the euro on Tuesday as strong British mortgage data increased fears the housing market may be overheating, reinforcing expectations the Bank of England may raise rates sooner than previously expected.
One effect of the Fed's scaling back its bond-buying program: a stronger dollar. The bullish calls are already heating up.
LONDON, Dec 20- Sterling fell for a second straight day against the dollar on Friday, hurt by the UK's biggest balance of payment shortfall in over two decades and more government borrowing, with rising U.S. yields also helping the greenback.
The dollar hit a five-year high versus the yen on Friday as markets focused on the divergence between U.S. and Japanese monetary policy, driving U.S. Treasury yields higher after Wednesday's Fed decision to start cutting bond-buying.
LONDON, Dec 20- Sterling fell for a second straight day against the dollar on Friday, hurt by a bigger-than-expected current account deficit and larger government borrowings, with rising U.S. yields also helping the greenback.
LONDON, Dec 19- Sterling fell against the dollar on Thursday, after the U.S. Investors also took profit on the pound's recent rally after UK retail sales data came mostly in line with expectations, wrong-footing some who had positioned for a strong number.
The dollar traded near a five-year high against the yen on Thursday, a day after the Federal Reserve announced its long-awaited first cut in its bond-buying program.
Following the Federal Reserve's decision to taper its bond buys, the dollar rose against the euro before reversing, with the euro now higher.
LONDON, Dec 18- Sterling jumped against the dollar and euro on Wednesday after British unemployment fell by more than expected, raising expectations that interest rates could rise earlier than previously forecast.
The dollar drifted higher on Tuesday, trading in narrow ranges, as investors continued to adjust positions ahead of this week's key decision on bond-buying by the Fed.