The dollar climbed to its highest in more than three weeks against many currencies, buoyed by higher U.S. yields.» Read More
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.
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.