The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.» Read More
European shares closed higher on Wednesday ahead of a Federal Reserve meeting in the U.S., with investors expecting an announcement on a new treasury purchase plan.
The euro rose against the dollar for a second straight day Tuesday, as surprisingly strong German economic sentiment and optimism about the US spurred broad-based risk-taking.
European shares closed higher on Tuesday after a survey showed a sharp improvement in German investor and analyst sentiment.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.
European shares ended flat Friday following a pair of mixed economic reports from the U.S., while Germany's lowered growth outlook put a damper on gains.
The euro was headed for its sharpest drop against the dollar in a month after comments from the ECB chief and a downgrade to the region's growth and inflation forecasts.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
The euro fell from a seven-week high Wednesday after a disappointing Spanish bond auction and weak euro zone economic data.
European shares finished slightly higher Wednesday following positive comments from China's new leaders.
The euro rallied to a near seven-week high against the dollar Tuesday after Greece announced better-than-expected terms for its debt buyback.
European shares ended mixed Tuesday amid "fiscal cliff" discussions in the U.S., but losses were limited as EU finance ministers met in Brussels to discuss details of a possible banking union.
European shares closed off their best levels Monday after a report showed that U.S. manufacturing unexpectedly contracted in November.
"Longer-term investors are being influenced by [the fiscal cliff impasse]," said Goldman's Jim O'Neill.
China could eclipse the United States sooner than many think as the yuan becomes a major player on the word stage that could put the dollar in the shade, analysts told CNBC.
Andre De Silva, Head of Asia-Pacific Rates, HSBC Global Research recommends investors look at the bonds of some emerging markets like Malaysia if they're looking for more yield.
Alaistair Chan, Economist, Moody's Analytics thinks the Chinese economy is in a cyclical upswing which will last for a few months. He adds that while the economy will recover, growth rates will unlikely go beyond 8%.
The euro hit a six-week high against the dollar on Monday, with some investors trimming bets against the single currency on signs Germany may be open to a Greek debt write-down.
European shares were flat on Friday as discussions over the U.S. "fiscal cliff" stalled.
Asian stock markets opened higher on Thursday, taking their cue from a rally on Wall Street that was driven by hopes that U.S. politicians will reach a compromise to avert the "fiscal cliff".
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