Euro dipped but remained off lows touched in the previous session ahead of a euro zone summit that investors hope offer Greece to climb out of crisis.» Read More
LONDON, June 18- The dollar index shed 0.6 percent to hit a one-month low on Thursday after the Federal Reserve disappointed investors who had hoped for a clearer signal on when the U.S. central bank will lift interest rates. In the European session, the Swiss franc inched up after the Swiss National Bank kept interest rates unchanged at -0.75 percent and slightly...
Vasileios Gkionakis, head of global fx strategy at Unicredit, says a euro recovery will push the currency higher against the Swiss franc by year-end.
The euro rose on Wednesday shortly after the U.S. Federal Reserve left its benchmark interest rates unchanged.
LONDON, June 17- The dollar rose against the yen and Antipodean currencies on Wednesday, as investors awaited a Federal Reserve statement that could bolster bets that interest rates will rise for the first time in almost a decade in September. The Swiss franc, meanwhile, rallied across the board, climbing to a two-week high against the euro as fears that...
LONDON, June 17- The Swiss franc rallied across the board on Wednesday, climbing to a two-week high against the euro, as fears that debt-stricken Greece could default and tumble out of the euro zone drove investors in search of safety. Athens showed no sign of backing off in its tense negotiations with creditors on Tuesday, with Prime Minister Alexis Tsipras...
The euro was held hostage by the crisis in Greece while the dollar held firm after solid U.S. housing data bolstered the case for the Fed rate hike.
The euro erased losses on Monday after the Sunday failed debt talks between Greece and its creditors.
Talks between Greece and creditors end in failure. LONDON, June 15- The euro fell on Monday, hitting its lowest in nearly two weeks against the safe-haven Swiss franc, after efforts to end a deadlock between Greece and its creditors failed over the weekend. Concerns that Greece could default and leave the euro zone have prompted the first significant bid for...
The euro rebounded against the dollar as Greece said it is getting closer to a deal on its debt.
The euro weakened after the IMF pulled out of debt talks with Greece while the dollar clung to modest gains on Friday.
The dollar slipped to two-week lows against the yen on Wednesday after Japan's chief central banker said the yen was "very weak."
The dollar inched ahead on Tuesday, eroding its previous session's loss, helped by a rise in U.S. bond yields.
LONDON, June 9- The Swiss franc has emerged as a big winner from Greece's debt problems, overtaking the Japanese yen as investors' favourite safe-haven currency despite Switzerland offering the world's lowest interest rates. "There is no doubt that between the yen and the Swiss, the yen has lost out," said Niels Christensen, FX strategist at Nordea.
The dollar dropped 1.5 percent against the euro and slipped from 13-year highs against the Japanese yen on Monday.
The dollar rallied to a 13-year peak against the yen and rose sharply against the euro.
The euro on Thursday traded back-and-forth against the U.S. dollar.
*IG says acted in clients' best interests on Jan. 15. An IG spokesman said that all trades done in frenzied activity after the removal of the franc cap on Jan. 15 were to manage client exposure. In submissions to Britain's Financial Ombudsman and Financial Conduct Authority, members of the group set up to dispute millions of euros in losses said a letter from IG showed...
The race for a devalued currency is set for a new set of twists and turns this summer.
The dollar traded lower against the euro after the Federal Reserve said U.S. economic growth remained tepid.
The euro strengthened against the U.S. dollar, which was on track to post its biggest one-day loss against the single currency since mid-March.