The dollar rose against a basket of currencies on Wednesday, after the Fed announced it will cut its asset buying program by another $10 billion.» Read More
With the resurgent greenback set to react further to economic data coming from the U.S., many analysts have argued that sterling has reached a tipping point.
The dollar fell slightly against the euro ahead of Wednesday's release of US gross domestic product growth and a Fed policy announcement.
The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment.
The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations.
BASEL, July 24- Swiss drugmaker Roche confirmed its full-year sales and profit targets on Thursday as growing momentum for its new breast cancer medicines and professional diagnostics products countered the effects of a strong Swiss franc.
GENEVA— Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.
The euro's resolve could be starting to crack, as it cleared "psychologically significant" barriers, according to strategists.
The euro hit an eight-month low against the dollar on Wednesday as worries drove investors away from the single currency.
LONDON, July 23- Sterling may have some room to fall versus the Swiss franc if fear of tougher sanctions sees Russian investors shift cash from Britain to Switzerland.
SYDNEY, July 23- The euro languished at multi-month lows against many of its peers early on Wednesday, having moved decisively lower overnight along with an eye-catching fall in the Swiss franc. Traders said there was no specific trigger although the weaker euro dovetailed nicely with expectations for the European Central Bank to ease policy further.
The U.S. dollar turned flat against the euro, giving up earlier gains which drove the European currency to an eight-month low.
*Cautions on uncertainties in Hong Kong. ZURICH, July 22- Swatch Group on Tuesday warned of an uncertain outlook for its major market Hong Kong after reporting an 11.5 percent fall in first-half profits due to a strong Swiss franc, costs linked to the Sochi Olympics and a factory fire.
*Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.
*Holiday in Japan saps currency markets. LONDON, July 21- The yen and Swiss franc climbed on Monday, supported by safe-haven inflows as European stocks stumbled, while the dollar was pegged back against the euro by subdued U.S. yields. Volumes were light though, due to a holiday in Japan.
BUDAPEST, July 21- Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages into forints as the timing looks tricky: the planned conversion will take place after the Fed ends its stimulus programme.
The euro regained ground on the dollar, but trading was not energetic thanks to a holiday in Japan and geopolitical tensions.
LONDON, July 18- Oil producer Norway's crown jumped on Friday, boosted by concerns about Europe's energy supply as tensions between Russia and the West over Ukraine rose. Other major currency markets calmed after an initial surge for the traditionally safe-haven yen and Swiss franc following the downing of a passenger jet over eastern Ukraine on Thursday.
The yen hit a five-month high versus the euro - and held some of its gains against the dollar - as investors saw the currency as a safe haven.
The yen hit a five-month high against the euro on renewed safe-haven inflows as the West imposed further sanctions against Russia.
The dollar clung to gains after bulls latched onto a comment by the head of the Fed that rates could rise sooner if employment continued to improve.