The yen was poised to end the week higher, having lunged forward overnight as a fall in global equities lifted demand for the safe-haven currency.» Read More
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.
Asian shares were mixed on Friday with a pick-up in China's manufacturing sector lending support but worries over the progress of U.S. budget talks to avert the "fiscal cliff" weighing on investor sentiment.
European shares closed lower on Thursday, ending a three-week rally that had pushed shares up to 18-month highs.
Spain sold 2.02 billion euros of bonds on Thursday at its final debt auction of the year.
Hamish Pepper, FX Strategist for Asia Pacific at Barclays Capital, says the dollar is likely to trade around 86 yen within 3 months on the likelihood of more easing from the BOJ following the Japan elections.
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.