The Australian dollar hovered at a four-year low early on Wednesday, in an otherwise aimless currency market ahead of the U.S. Thanksgiving holiday.» Read More
The euro rose to its highest level since April 2012 against the dollar Friday with investors continuing to trade on the absence of any hints as to future euro zone interest rate cuts.
The dollar corrects after Thursday's selloff and a credit rating cut hits the rand - it's time for your FX Fix.
Asian shares ended mixed on Friday as a pick-up in Chinese inflation prompted profit taking, with mainland shares slumping 1.8 percent. But Japan's Nikkei managed to defy broader regional weakness as the yen logged fresh losses.
Timothy Riddell, Head of Global Markets Research, Asia at ANZ says that while the spike in CPI may not give room for any further RRR cuts, the RMB could see a 2% appreciation within the next 12 months.
The euro catapulted to an 18-month high versus the yen and hit a one-week peak against the dollar Thursday after the European Central Bank gave no indication of cutting rates.
European shares closed narrowly mixed after the European Central Bank and the Bank of England left interest rates unchanged Thursday, while a better-than-expected trade report from China provided support for investor sentiment.
Asian shares ended higher on Thursday as much stronger-than-expected Chinese trade data magnified positive momentum from global markets overnight, strengthening signs of recovery in the world's second-largest economy.
In the past few years, central banks around the world have pumped trillions of dollars into the financial system, partly motivated by the desire to keep their currencies weak in relation to others.
The yen plummeted against the U.S. dollar Wednesday, revisiting a trend that recently took the currency to a 2-1/2-year low on expectations of easier Bank of Japan policy.
Rallying telecom stocks and a bullish start to the new earnings season propelled Europe's top shares to fresh 22-month closing highs.
Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.
The dollar and euro plunged against the yen as investors booked profits in the aftermath of swift and significant gains.
European shares surrendered their gains on Tuesday afternoon and turned slightly negative, tracking losses on Wall Street.
Tokyo pledges to buy European rescue bonds and dollar-yen traders take profits - it's time for your FX Fix.
Asian shares fell on Tuesday as investors turned cautious after the new year's rallies, with corporate earnings season for the last quarter of 2012 looming and the European Central Bank's policy meeting due later in the week.
The euro gained for a second straight session against the dollar on Monday, benefiting from technical factors as well as expectations that the European Central Bank will refrain from cutting interest rates.
European shares finished in negative territory Monday, but financials helped limit losses after global banking regulators announced a watering down of key elements of their plan for banking rules.
Asian stocks drifted on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, but financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules.
The dollar climbed to a nearly 2 1/2-year peak against the yen Friday after minutes from the Fed's meeting the previous day showed growing concern about further stimulus for the economy.
European shares extended gains to set a new 22-month high on Friday, after a better-than-expected U.S. jobs data.