The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data.» Read More
Richard Yetsenga, Head of Global Markets Research, ANZ says the latest official PMI data shows that China's economy is off to a strong start. He adds that the CNY is emerging as a stand out currency.
European stocks were flat in early afternoon trading on Monday as fears over a lack of resolution to the U.S.' "fiscal cliff" weighed on sentiment.
Asian shares closed lower on Monday, with uncertainty over U.S. budget negotiations weighing on stocks on the last trading day of the year and trading volumes relatively subdued with many markets closed for New Year's Day.
The U.S. dollar edged up to a two-week high against major currencies Friday as investors waited to see if U.S. politicians can strike a last-minute budget deal.
European shares ended in negative territory Friday as investors remained cautious over the looming "fiscal cliff" and following some weak economic reports.
As central banks in both the U.S. and Japan look set to continue aggressive monetary easing policies in 2013, Dan Harden, senior commercial dealer at Global Reach Partners has told CNBC traders should short both countries' currencies and look for high yields from the Australian and New Zealand dollar.
China's central bank will use various tools to ensure steady credit growth to support the economy while pursuing financial reform in the face of weakness and uncertainty in the global economic outlook, it said in comments published on Friday.
Jack Bouroudjian, CEO, Bull and Bear Partners says the dust has finally settled in China as the leadership handover is complete, which means capital will start flowing back to markets.
The yen fell to its lowest against the dollar in more than two years on Thursday, on expectations Tokyo will push for aggressive monetary stimulus.
Asian shares closed higher on Wednesday in thin holiday trade despite a lack of fresh triggers. Japanese shares managed to outperform, hitting a 9-month high thanks to a weak yen.
Japan's Nikkei stock average could rally nearly 30 percent in 2013 due to an aggressive push to reflate the economy under the country's new premier, the chief executive of Daiwa Securities Group told Reuters.
Risk-sensitive currencies are unbowed by 'fiscal cliff' worries and Japan's incoming prime minister talks tough - it's time for your FX Fix.
European stocks closed slightly lower in a shortened day of trading on Monday. The FTSE 100 index was the main exception closing higher by 0.24 percent.
European shares closed lower on Friday as U.S. politicians continued to wrangle over averting the "fiscal cliff" — a series of tax increases and spending cuts that are set to kick in at the start of next year and could threaten the U.S. economy.
European shares stuttered on Thursday as indexes approached overbought levels and budget talks in the United States stalled.
South Africa's currency may have taken a battering in recent months, making it one of the worst performing major currencies this year, but analysts have told CNBC that the rand (ZAR) could be ready for a turnaround in 2013.
Long-time China watchers probably felt a sense of deja vu when HSBC's chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible within five years.
European shares closed higher on Wednesday after business confidence data was released in Germany showing an increase.
European shares ended higher on Tuesday, as investors bet that U.S. Democrats and Republicans will reach a deal to avoid a "fiscal cliff" of year-end austerity measures.
European shares closed slightly lower on Friday as investors locked in profits ahead of the weekend and once again focused on the ongoing discussions surrounding the "fiscal cliff" in the U.S.