Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
NEW YORK, March 18- Citigroup Inc has sued a Connecticut firm founded by two former Goldman Sachs partners for $25 million over losses incurred during the unexpected surge in the Swiss franc in January. Ron Marks, a co-founder of Tormar Associates, in a statement issued on Wednesday called Citigroup's claims "inaccurate." Danielle Romero-Apsilos, a Citigroup...
Riksbank has cut its rates again -- to negative 0.25 percent. Stefan Ingves, Governor of Sveriges Riksbank, said they weren't in a currency war, but that inflation has been quite low for a while, and the Riksbank wants to be on "the safe side."
BASEL, Switzerland, March 18- Tag Heuer, French luxury group LVMH's biggest watch brand, said on Wednesday it plans to cut prices by between 7 percent and 13 percent in some markets following the recent appreciation of the Swiss franc. Tag Heuer added that it would refrain from raising prices in the euro zone, Japan or Singapore. There will be an average price...
The dollar fell for a second straight day against major currencies, pressured by weak US economic data as the Fed started a two-day policy meeting.
The euro rose for a second day against the dollar on Tuesday as investors awaited the start of a two-day U.S. Federal Reserve policy meeting.
NEW YORK, March 16- Everest Capital, a hedge fund firm founded in 1990 that counted George Soros and Nelson Peltz as early backers, is closing six of its seven remaining hedge funds because of bad bets on the Swiss franc, according to CNBC, which cited a private letter sent to investors on Feb. 24. Everest, which overall managed more than $3 billion at the end of December,...
ZURICH, March 16- Switzerland's finance minister said on Monday the government may try to meet more often with the Swiss National Bank but that it had not asked the SNB to introduce a new cap on the Swiss franc. The central bank's shock decision on Jan. 15 to abandon its longstanding cap on the currency's value against the euro has raised fears for the...
PARIS/ ZURICH, March 16- Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk. But since then, diverging results, share prices and a surge in the Swiss franc against the euro have strengthened Holcim's position and led its largest...
The euro extended its losses against the greenback on Friday as it traded under $1.05.
Jon Cox, head of European Consumer Equities at Kepler Cheuvreux, discusses whether the tech-enhanced timepiece unveiled by Swatch on Thursday could threaten Apple's smartwatch line.
Jonathan Webb, head of FX strategy at Jefferies, talks about the Swiss National Bank's decision to cut rates and how it relates to the weakening euro and strong U.S. dollar.
The euro extended gains against the dollar after surprisingly weak February retail sales data, recovering from an earlier 12-year low in Asian trade.
The euro extended its unrelenting fall, dropping 1 percent to below $1.06 for the first time in 12 years as the ECB's QE program hammered bond yields.
Here's why the euro will continue to weaken, Deutsche Bank's George Saravelos told CNBC.
The euro hit a 12-year low against the dollar after falling below $1.07 as the ECB continued its QE program.
The euro sank below $1.08 for the first time in almost 12 years, as the latest round of dollar gains brought into focus a run towards parity.
The dollar jumped to an 11-1/2 year high as U.S. employment growth bolstered market sentiment that the Fed was closer to raising interest rates.
The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains.
ZURICH, March 5- Switzerland's government will seek to coordinate more closely with the independent Swiss National Bank after the latter's shock decision to drop its cap on the Swiss franc, according to a confidential policy resolution seen by Reuters on Thursday. A government spokesman denied on Wednesday that Bern had asked the central bank to introduce a...
The dollar reached highs on Wednesday on solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low.