LONDON, Oct 22- Sterling and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below $1.27 for the first time in a week after a news report that raised concerns over European banks. That followed a Reuters report on Tuesday that the European Central Bank was looking at buying corporate bonds to add to the...» Read More
South Africa's currency may have taken a battering in recent months, making it one of the worst performing major currencies this year, but analysts have told CNBC that the rand (ZAR) could be ready for a turnaround in 2013.
Hamish Pepper, FX Strategist, Asia Pacific at Barclays Capital shares his outlook for the yen.
European shares closed higher on Wednesday after business confidence data was released in Germany showing an increase.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
European shares fell on Monday, hit by slumps in Dutch telecoms group KPN and temporary power company Aggreko as investors cashed in some equity holdings.
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European shares closed slightly lower on Friday as investors locked in profits ahead of the weekend and once again focused on the ongoing discussions surrounding the "fiscal cliff" in the U.S.
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European shares closed lower on Thursday, ending a three-week rally that had pushed shares up to 18-month highs.
Spain sold 2.02 billion euros of bonds on Thursday at its final debt auction of the year.
European shares closed higher on Wednesday ahead of a Federal Reserve meeting in the U.S., with investors expecting an announcement on a new treasury purchase plan.
David Bloom, global head of Foreign Exchange Strategy at HSBC, tells CNBC that sterling could be put under massive pressure if Europe is given the benefit of the doubt and the US solves the fiscal cliff.
The euro rose against the dollar for a second straight day Tuesday, as surprisingly strong German economic sentiment and optimism about the US spurred broad-based risk-taking.
European shares closed higher on Tuesday after a survey showed a sharp improvement in German investor and analyst sentiment.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.