The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance.» Read More
LONDON, March 25- The euro was steady on Tuesday, holding well above recent lows after a mixed German business sentiment survey, and the dollar was flat as investors awaited fresh U.S. economic data.
*Dollar index holds steady, struggles to gain traction. SYDNEY/ SINGAPORE, March 25- The dollar held steady against a basket of major currencies on Tuesday, keeping a low profile after slipping on the previous day in the wake of a disappointing reading on U.S. manufacturing activity.
*U.S. dollar down against major currencies. SYDNEY, March 25- The U.S. dollar nursed broad losses early on Tuesday, having come under pressure late in New York as investors bought the euro and drove the Australian dollar to its highest this year.
NEW YORK, March 24- The dollar fell broadly against major currencies on Monday after weak U.S. manufacturing data disrupted expectations that a stronger run of U.S. economic data would reinforce the Federal Reserve's plans to tighten its monetary stimulus.
The euro was hurt by signs that growth was slowing in the euro zone's largest economy, Germany.
LONDON, March 24- The euro struggled on Monday, hurt by signs that growth was slowing in the euro zone's largest economy, Germany, though investors were also wary of buying the dollar as they awaited more evidence of a U.S. recovery.
China's HSBC flash PMI fell to a weaker than expected 48.1. Leland Miller of China Beige Book International, explains the broken credit transmission in the country.
CNBC's Michelle Caruso-Cabrera reports China HSBC flash PMI fell to a weaker than expected 48.1, and copper continues to take a hit.
CNBC's Eunice Yoon reports on the biggest risks of a slowdown in China's economy to the world economy. Vice Finance Minister of China Zhu Guangyao thinks the weakening yuan is a reflection of market principals.
LONDON, March 24- The euro struggled to extend gains on Monday, hurt by evidence that growth in the euro zone's largest economy, Germany, was slowing, though investors were also wary of buying the dollar as they awaited more evidence of a U.S. recovery.
SYDNEY/ TOKYO, March 24- The dollar held on to last week's gains on Monday though it lacked a fresh catalyst to extend them while the Australian dollar dipped after a soft Chinese manufacturing data.
Daniel Murray, Global Chief Economist at EFG, says recent volatility in the renminbi reflects the Chinese government's move to open up the economy.
SYDNEY, March 24- Major currencies got off to a lacklustre start on Monday following a relatively uneventful weekend with the dollar holding onto most of last week's solid gains.
Richard Yetsenga, Head of Global Markets Research at ANZ, describes what could continue to drive the yuan lower against the U.S. dollar.
NEW YORK, March 21- The dollar's three-day rally sputtered on Friday as the euro rose against the greenback on after data showed a record euro zone current account surplus in January. The euro, which earlier this week had been trading just shy of $1.40, was up 0.22 percent to $1.3809.
Data showing a record euro zone trade surplus in January helped the euro rise against the dollar for the first time in three days.
LONDON, March 21- Data showing a record euro zone current account surplus in January helped the euro rise against the dollar for the first time in three days on Friday, with capital inflows providing solid support for the common currency.
LONDON, March 21- World markets steadied on Friday after a volatile run driven by speculation over shifts in U.S. monetary policy, with stocks up slightly, Bunds flat and the euro at a two-week low against the dollar.
LONDON, March 21- The dollar hovered near a three-week peak against a basket of major currencies on Friday, but struggled to extend gains as investors awaited more clarity on the Federal Reserve's policy path.
As the PBOC continues to moderate speculative money flows, Tommy Xie, Economist, Treasury Research & Strategy at OCBC Bank, explains why the yuan is set to depreciate further.