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.» Read More
Hopes for strong jobs data lift the dollar, worries about the economy dent the British pound, and rising Chinese exports boost the Aussie - it's time for your FX Fix.
The euro climbed to a session peak against the dollar on Thursday as the ECB gave no hints about monetary policy easing in the months ahead after leaving its benchmark interest rate unchanged.
The dollar has long been viewed as a safe-haven currency, a refuge from rocky markets. But more and more, these pros say, it is trading on U.S. growth.
The euro fell against the dollar on Wednesday, a day before an ECB policy-setting meeting, on concerns the bank may flag future interest rate cuts.
The Dow Jones average hit a record high on Tuesday. Such risk-on appetite has traditionally had a negative correlation for safe-haven currencies such as the dollar. But Ian Stannard, FX strategist at Morgan Stanley believes things will be different for the greenback this time, with global currency market dynamics changing quite rapidly.
The euro rose for a second straight day against the dollar as risk sentiment improved after a major U.S. stock index surged to all-time highs.
The euro remained near a 2 1/2-month low on Monday on rising expectations that euro zone economic worries could prompt the European Central Bank to cut interest rates.
The dollar rose to a six-month high against a basket of currencies, buoyed by gains against the euro on growing evidence the U.S. economy was showing signs of improving.
Stalemate in the United States over automatic government spending cuts due to take effect March 1 and an inconclusive election in Italy undermined the euro on Thursday.
The euro traded flat against the U.S. dollar and yen on Tuesday, recouping early losses with the help of U.S. central bank assurances that a bond-buying stimulus program will remain in place.
The U.S. dollar and euro fell sharply in late afternoon trade as uncertainty about Italy's elections and sharp losses in stocks led investors to unwind trades funded in yen.
The euro hit a six-week low against the dollar Friday, heading for a third straight week of losses, after the European Central Bank said banks will repay less than half the expected amount of loans.
After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
The euro dropped to a six-week low against the dollar and a three-week trough against the yen Thursday in the wake of data showing a struggling euro zone economy.
The dollar jumped to a four-week high after minutes from the Federal Reserve's last meeting suggested policymakers may have to slow or stop buying assets before seeing the pick-up in hiring.
Hints of potential new pro-stimulus sentiment at the Bank of England weigh on the pound and intervention talk pulls down the kiwi - it's time for your FX Fix.
The yen rose Tuesday as disagreement between Japanese officials raised doubts over how aggressively Japan will ease its monetary policy.
Brendan Brown, Head of Research at Mitsubishi UFJ Securities International says Japan and Switzerland share many similarities in their economies, so the CHFJPY cross always returns to the 100 level.
The yen weakened across the board on Monday after Japan escaped direct criticism from its G-20 peers on its bold reflationary plans that have weakened the currency.