The dollar held firm, having risen to its highest level in nearly nine years, driven by persistent weakness in the euro and a fresh fall in the yen.» Read More
The dollar fell on Monday against the yen and euro as profit-taking emerged after it reached a seven-year high against the yen.
*SNB may join ECB in buying bonds to protect franc-euro cap. LONDON, Dec 1- European Central Bank efforts to ward off deflation could be supported by the Swiss National Bank if it recycles euros bought to defend its cap on the Swiss franc into top-rated bonds such as those of France and Belgium. "This puts France and Belgium into the sweet spot," said Michael Leister,...
If no one expected the Swiss vote forcing the central bank to hold more gold to succeed, why is gold tanking?
*Dollar tops 119 yen to its highest since July 2007. By Lisa Twaronite and Ian Chua. TOKYO/ SYDNEY, Dec 1- The dollar touched a more than seven year peak against the yen on Monday, while the Swiss franc slipped against the euro after voters rejected a plan for the central bank to boost its gold reserves.
*Gold falls more than 1 pct, Swiss franc dips after Swiss vote. TOKYO, Dec 1- Gold prices fell the most in more than three weeks and the Swiss franc dipped slightly on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum. Gold fell more than two percent to $1,142.91 per ounce, its lowest level in more than three weeks, while...
*Aussie falls as weak commodity prices bite, China data next. SYDNEY, Dec 1- The Swiss franc slipped against the euro early on Monday after the Swiss National Bank affirmed its pledge to cap the currency as voters rejected proposals for the central bank to boost its gold reserves. The "Save our Swiss gold" initiative would have forced the Swiss National Bank to boost...
If Switzerland votes "yes" in the Swiss gold referendum, this could compromise the central bank's credibility and its ability to maintain its currency cap, says Nitesh Shah, gold analyst at ETF Securities.
The dollar gained on Friday as concerns about continuing low oil prices added to deflation fears in the euro zone and Japan.
The euro fell against the dollar after data showed Spanish consumer prices falling more than expected.
Disappointing U.S. data raised concern that the world's biggest economy is losing momentum in the final months of 2014.
The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high.
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.