Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
Tough new rules on risk and a surging Swiss franc weakened Credit Suisse's cushion against future losses in the first quarter. Credit Suisse's shares were the second-biggest faller in the European banking index, down 3 percent against the index's 0.75 percent rise by mid-morning. Thiam, chief executive of British insurer Prudential, takes over from Credit...
*Euro on the defensive on worries over Greece. LONDON, April 21- The euro was weaker across the board on Tuesday, pressured by deepening worries that Greece could default on its debt and eventually exit the currency union. With Greece at the forefront, and very little in the way of an imminent bailout deal, political risks are set to dominate and would overshadow any...
FRANKFURT, Germany— Buoyant financial markets helped Credit Suisse Group AG overcome the impact of a surging Swiss franc to post a solid 23 percent increase in first quarter profit. The bank said Tuesday that it made 1.054 billion Swiss francs in the first quarter, ahead of the consensus of analysts' expectations at around 1.03 billion francs.
The dollar rose broadly, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts.
April 20- After the surge in the Swiss franc pushed up the cost of mortgages denominated in the currency, countries in eastern Europe, where foreign currency loans are common, implemented measures to help struggling borrowers. These include lenders cutting the price they charge clients for selling them Swiss francs to make their repayments, lowering mortgage...
*Loans become political issue in Poland, Croatia. WARSAW/ ZAGREB, April 20- When the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency. The pressure is greatest in Croatia and Poland, the two countries with the biggest...
The dollar index traded slightly lower in late-afternoon Friday as the euro extended its gains.
The dollar was on track for its biggest daily decline against a basket of major currencies in nearly two weeks on Thursday.
The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.
One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.
The dollar tumbled after five straight days of gains, as investors took advantage of weaker-than-expected retail sales to lighten hefty positions.
The dollar rose against the euro in a continuation of last week's bets that the Fed will hike interest rates in the coming months.
The euro slumped for a fifth straight session against the dollar on Friday to a 3-1/2 week low as falling European interest rates.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.
The dollar fell for a second straight day, as investors pared back hefty positions ahead of a U.S. non-farm payrolls report.
The dollar fell at the start of the second quarter on disappointing data on U.S. manufacturing and jobs growth.
The sharp decline in the Russian ruble against the dollar caused high-end residential rental prices in Moscow to tank some 16 percent last year.
The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever.