Russia's ruble is under renewed pressure after the Central Bank of Russia shocked markets with a rate cut, sending the currency to a 2015 low.» Read More
*Aussie, New Zealand dollar hit by China data, oil falls. "Nowotny's comments have just reinforced the market's view that the ECB is inching towards outright quantitative easing, we think probably in January, and that is continuing to hurt the euro," said Lee Hardman, a strategist with Bank of Tokyo-Mitsubishi UFJ in London. Sterling and the New Zealand and...
*Aussie, New Zealand dollar hit by China data, oil falls. LONDON, Dec 8- Sterling and the New Zealand and Australian dollars were the main losers among major currencies in early European trade on Monday, extending losses as the dollar continued to draw support from Friday's strong U.S. jobs data. The New Zealand dollar fell more than 1 percent to a 2-1/ 2 year low of...
The U.S. dollar reached fresh multiyear highs on Friday after a stronger-than-forecast November U.S. jobs report.
The euro rebounded from a more than two-year low against the dollar on Thursday.
LONDON, Dec 4- The euro jumped against the British pound on Thursday, on track for its biggest daily gains in two weeks, after European Central Bank President Mario Draghi poured cold water on those in the market expecting imminent quantitative easing. "Draghi is suggesting that an expanded asset purchase program could be delivered early next year, with...
LONDON, Dec 4- Sterling steadied on Thursday as traders who had initially reacted positively to British finance minister George Osborne's latest fiscal statement looked more closely at negative aspects including a cut to longer-term growth forecasts. While Osborne, in his Autumn Statement on Wednesday, raised growth forecasts for Britain's economy for...
Geoffrey Yu, FX strategist at UBS, says he likes sterling in the short term but an "adverse" outcome in a referendum on EU membership would create worries for the currency.
The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy
LONDON, Dec 3- Sterling hit a three-week high against the euro on Wednesday, after a survey showed Britain's dominant services sector grew much faster than expected in November and finance minister George Osborne gave an upbeat budget statement. In his Autumn Statement, Osborne raised near-term growth forecasts and while the government will miss...
The dollar fell on Monday against the yen and euro as profit-taking emerged after it reached a seven-year high against the yen.
The dollar gained on Friday as concerns about continuing low oil prices added to deflation fears in the euro zone and Japan.
The euro fell against the dollar after data showed Spanish consumer prices falling more than expected.
Disappointing U.S. data raised concern that the world's biggest economy is losing momentum in the final months of 2014.
Adam Myers, European head of FX strategy at Crédit Agricole CIB, says that the Bank of England is underestimating the strength of the U.K.'s economy and improving data will see the pound rally in the second half of 2015.
The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high.
The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official.
The euro fell sharply on Friday after European Central Bank chief Mario Draghi signaled the organization could launch further monetary easing.
The US dollar has recovered from session lows of 117.75 yen, while the euro fell slightly from around $1.255 to $1.245.
The greenback will rise steadily against each of its major counterparts in the next year as the Fed looks to raise rates, according to HSBC's David Bloom.
The US dollar was slightly weaker against the euro and the yen after the Federal Reserve released the minutes of last month's meeting.