The dollar hit an 11-year high against a basket of major currencies, with the greenback gaining a broad lift after an interest rate cut in China.» Read More
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.
The euro hit another nine-year low against the dollar on Wednesday, after data for the euro zone revealed that prices were falling in the region.
The U.K. pound hit a fresh 17-month low against the U.S. dollar on Tuesday and currency experts are split on which way the currency will head next.
The safe-haven yen rose as investor risk aversion mounted following a sharp drop in crude oil and stocks.
The euro fell to near a nine-year low, hit by concerns that Greek elections will result in a government that will aim to cancel austerity measures.
LONDON, Jan 5- Sterling slipped against a rallying dollar on Monday, after yet another set of weaker-than-expected economic UK data boosted bets that the Bank of England will not raise interest rates any time this year. Numbers released on Monday showed Britain's construction sector grew last month at its slowest rate since July 2013, well below economists'...
LONDON, Jan 5- Sterling fell against the dollar, hovering near a 17- month low struck earlier on Monday, as subdued economic data bolstered bets that the Bank of England will not raise interest rates until 2016.. The pound was also hurt by growing political uncertainty after Prime Minister David Cameron said on Sunday that he would like to bring forward a planned...
The euro fell to its lowest in 4-1/2 years against the dollar on Friday after the head of the ECB fanned expectations of QE later this month.
*Sterling drops after UK manufacturing data miss. NEW YORK, Jan 2- The U.S. dollar hit its highest level against the euro in 4-1/ 2 years on Friday and reached parity with the Swiss franc after comments from European Central Bank President Mario Draghi underscored the benefits of tighter U.S. monetary policy. "Markets and commentators have been talking about this...
The U.S. dollar hit its highest level since March 2006 on Friday, as the euro fell on speculation about imminent monetary easing tactics.
LONDON, Jan 2- Sterling got off to a sorry start to the year on Friday, sliding under $1.54 to a 17- month trough as weak manufacturing data bolstered bets that the Bank of England will not raise interest rates until 2016.. The pound fell as low as $1.5369, its weakest since early August 2013, leaving it down 1.4 percent on the day, its steepest fall in four months.
The dollar was set to end 2014 with a gain of more than 12 percent against a basket of major currencies on Wednesday.
The yen gained sharply against both the dollar and euro on Tuesday as investors sought the traditional safety of the Japanese currency.
Investment in London-based firms has increased 20-fold since 2010 and its tech firms attract more than $1.4 billion. Eileen Burbidge, partner at Passion Capital, explains the factors that draw investors into London - including its "diverse" metropolis and "huge talent-pool".
The euro traded near a 28-month low on Monday after a vote in Greece failed to secure a president.
The euro inched up but remained near two-year-lows after a key vote in Greece failed to secure a new president.
The dollar edged up against the yen on Friday on light bargain hunting, with markets slowly getting into gear after the Christmas holiday.
Currency strategists are pondering whether there is more volatility in store for the ruble.
Nick Carn, founder of Carn Macro Advisors, says the potential for several elections in a short space of time due to disagreements between political parties could weigh on U.K. assets in 2015.
The dollar hovered at its highest in nearly nine years after strong U.S. economic growth caused market speculation of earlier interest rate hike.