The dollar strengthened on Friday after OPEC decided not to cut oil output, slamming commodity currencies like the Norwegian crown.» Read More
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.
RUESCHLIKON, Switzerland, Nov 21- The Swiss National Bank is prepared to buy euros for francs when the exchange rate hits 1.20, a board member said on Friday, but the bank was silent about whether it has already been forced to do so to protect its cap on the safe-haven currency. "What we have to ensure is that in all foreign exchange markets- from Sunday night in Sydney to...
RUESCHLIKON, Switzerland, Nov 21- The Swiss National Bank's cap on the franc remains a key part of monetary policy and it will be maintained as long as required, a central bank board member said on Friday. "It's clear that the minimum exchange rate of 1.20 is absolutely central to prevent an unwanted tightening of monetary policy conditions," Fritz Zurbruegg said in...
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.
The U.S. dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment.
The yen recovered from seven-year lows against the dollar but remained under pressure after data showing Japan's economy slipping into recession.
The Swiss National Bank faces the biggest test of its cap on the franc in two years.
*Euro crisis prompted 1.20 euro cap on Swiss franc. ZURICH, Nov 16- The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven. The franc rose to its strongest level since September 2012 on Friday, brushing up against the 1.20 euro limit...
The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data and a slide in the yen to seven-year lows.
Dollar moved towards a seven-year high against the yen, driven by speculation that the Japanese Prime Minister will call a snap election.
Soc Gen's Albert Edwards believes the Japanese currency will sink to 145 yen against the dollar by April, forcing devaluations across Asia.
Britain's pound slouched near recent 14-month lows against the dollar as investors pushed back rate-hike expectations to the fourth quarter of 2015.
The dollar climbed to a seven-year high against the yen as Prime Minister Abe is likely to delay a planned sales tax increase.
The dollar fell for a second straight session on Monday in quiet trading as investors took more profits on earlier steep gains.
Higher-yielding currencies generally viewed as risky assets were stronger on the day such as the Australian and New Zealand dollars, sterling, and emerging market units such as the Turkish lira and the South Africa rand. "A continuation of profit-taking in the dollar index has largely dictated price action in currency markets, though we believe the pause...
The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report.
The euro plunged to its lowest in more than two years against the dollar on Thursday.