The U.S. dollar edged lower against a basket of major currencies on Friday after comments from Federal Reserve Chair Janet Yellen.» Read More
CNBC's Susan Li reports pro-democracy protesters face police in Hong Kong's financial district, virtually shutting down Hong Kong and causing a steep market selloff. Jim Cramer provides insight on the situation.
Pro-democracy protesters face police in Hong Kong's financial district. Insight to the protests, with CNBC's Susan Li.
*Hong Kong dollar falters after pro-democracy demonstrations. LONDON, Sept 29- The dollar rose to new multi-year highs against the yen, euro and a basket of currencies on Monday, a three-month-old rally showing no signs of dissipating before a week of important economic set pieces.
Hong Kong dollar falters in face of pro-democracy demonstrations. The greenback also rallied to a 13- month high against the New Zealand dollar after Reserve Bank of New Zealand data showed that the central bank intervened last month to speed its currency's descent.
Hong Kong's worst protests in decades have decked the territory's stocks and currency, and some expect longer-term economic repercussions.
*Hong Kong dollar falters in face of pro-democracy demonstrations. Asian market attention turned to Hong Kong, where democracy protesters defied volleys of tear gas and police baton-charges in the centre of the financial hub.
The dollar was back on the front foot against the yen and several other major currencies on Friday, on track for an 11th straight weekly gain.
The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy.
The yen rose after Japanese Prime Minister Shinzo Abe voiced concern about the economic impact of its fall to a six-year low.
The battered euro pulled away from a 14-month trough against the dollar, as the greenback eased after a 10-week streak of gains.
The dollar index racked up a 10th straight week of gains on Monday, its longest winning streak since its free float in 1973.
The dollar rose against a basket of major currencies on Friday as investors bet U.S. interest rates would rise more quickly than expected.
The dollar rose after data showed U.S. jobless claims fell more than expected, reinforcing the view that U.S. interest rates will rise sooner.
The U.S. dollar strengthened following Fed news after earlier hitting an 8-year high against the Japanese yen.
Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.
Sweden's crown fell to a two-month low against the euro after the country elected a minority government.
The dollar index was headed for a ninth consecutive week of gains after retail sales data added to expectations that U.S. growth is gaining steam.
The U.S. dollar hit a six-year high against the yen and sterling recovered some ground after recent nerves over Scottish independence.
The dollar also trounced the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility.
Investors bet that the U.S. economy is growing at a pace that is likely to lead the Federal Reserve to begin raising interest rates next year.