The euro rose for a seventh straight session against the dollar on Wednesday, driven by a combination of higher money market rates and a growing belief that the European Central Bank will keep interest rates low for some time but not cut them.» Read More
The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite.
*Aussie also firmer due in part to strong China trade data. TOKYO/ SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite despite threats of a possible reduction in the U.S. monetary stimulus.
The dollar rallied against the yen after stronger-than-expected jobs data stoked expectations the Fed may start reducing bond buying sooner than expected.
The euro rose to a five-week high against the dollar on Thursday after the European Central Bank left a key interest rate unchanged and its president Mario Draghi downplayed deflation risks.
The dollar rose against the yen and the euro on Wednesday.
Boris Schlossberg, BK Asset Management, and Sean Hyman, Ultimate Wealth Report, provide their outlooks on currencies and precious metals.
SHANGHAI/ HONG KONG, Dec 4- China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capital account controls.
Charles Li, CEO of Hong Kong Exchanges and Clearing, and Magnus Bocker, CEO of the Singapore Exchange, discuss their collaboration to promote the internationalization of the renminbi.
The yen rose against the dollar and the euro on Tuesday, rebounding from losses as falling stock markets worldwide prompted safe-haven demand for the Japanese currency.
HONG KONG, Dec 3- China's yuan currency overtook the euro in October, becoming the second-most used currency in trade finance, global transaction services organisation SWIFT said on Tuesday. The top five countries using the yuan for trade finance in October were China, Hong Kong, Singapore, Germany and Australia, SWIFT said in a statement.
The dollar climbed to a more than six-month high against the yen on Monday on speculation the Bank of Japan may expand its already massive economic stimulus.
Michael Kurtz, Global Head of Equity Strategy at Nomura, says markets have been preparing themselves for a Fed taper and lists his reasons for declaring an end to the global financial crisis.
The euro traded near a five-year peak against the yen and a one-month high against the dollar.
HONG KONG, Nov 29- The Chinese currency is set to end one of its quietest trading weeks this year with the onshore yuan stuck in a tight range as investors consolidated positions after a volatile spell.
The yen clawed back lost ground against the euro and dollar in Asia on Thursday after touching fresh lows against both, on track for one of its worst monthly performance this year.
The euro rose near a one-month high against the dollar and a four-year high against the yen.
*Coming up: U.S. durable goods orders at 1330 GMT. LONDON, Nov 27- Copper rose on Wednesday helped by a weaker dollar against the euro, but an improving supply pipeline of metal and a batch of data from the United States later in the session subdued gains. Three-month copper on the London Metal Exchange was $7,089 a tonne by 1041 GMT from $7,065 at the close on Tuesday.
SHANGHAI, Nov 27- The yuan barely moved versus the dollar on Wednesday, continuing a trend seen since late October when it staged a short rally, amid clear signals from the central bank that it plans to keep the currency stable for now. The People's Bank of China fixed Wednesday's midpoint at 6.1330, marginally stronger than Tuesday's 6.1357.
The dollar dropped broadly on Tuesday, as lower U.S. Treasury debt yields drove investors to trim bullish bets.
After going steady for the last few months, the dollar and the yen are about to break up again, according to strategists.