U.S. Treasury Secretary Jack Lew will press Chinese officials next week to adopt a more market-determined exchange rate policy, Treasury officials said on Friday.» Read More
The euro rose against the dollar for the first time in three sessions on Wednesday on relief over solid demand for Italy's first bond sale since the country's general elections.
An Italian bond sale weighs on the euro and a credit rating affirmation lifts the Aussie - it's time for your FX Fix.
The euro traded flat against the U.S. dollar and yen on Tuesday, recouping early losses with the help of U.S. central bank assurances that a bond-buying stimulus program will remain in place.
The U.S. dollar and euro fell sharply in late afternoon trade as uncertainty about Italy's elections and sharp losses in stocks led investors to unwind trades funded in yen.
Talk of a stimulus-minded pick for the Bank of Japan sends the yen lower and Friday's credit-rating cut dents the pound - it's time for your FX Fix.
James P. Rooney, chairman & CEO of Market Force SEOUL, tells CNBC that South Korea's real challenge is to revive their domestic economy, particularly focusing on job creation.
South Korea's new president faces not only a hostile North Korea that seeks nuclear weapons but now new pressure on its exporters and growth prospects from neighboring Japan's yen devaluation.
The euro hit a six-week low against the dollar Friday, heading for a third straight week of losses, after the European Central Bank said banks will repay less than half the expected amount of loans.
After several lackluster years, the $5 trillion foreign exchange market has bolted back to life with institutional investors leading the charge and banks standing to gain from the activity.
The euro dropped to a six-week low against the dollar and a three-week trough against the yen Thursday in the wake of data showing a struggling euro zone economy.
The dollar jumped to a four-week high after minutes from the Federal Reserve's last meeting suggested policymakers may have to slow or stop buying assets before seeing the pick-up in hiring.
The yen rose Tuesday as disagreement between Japanese officials raised doubts over how aggressively Japan will ease its monetary policy.
The Australian dollar lifts as the central bank holds back on easing, and hedge funds see weakness in the British pound - it's time for your FX Fix.
If we accept that the renmimbi is on its way, banks should set up an ability to trade and settle the currency itself, as well as handle bonds and equity denominated in it, writes Moorad Choudhry.
The yen weakened across the board on Monday after Japan escaped direct criticism from its G-20 peers on its bold reflationary plans that have weakened the currency.
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' in an interview with CNBC, but concedes that a strong Australian dollar is a concern for an economy that's heavily reliant on mining exports.
The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.
The yen fell Friday after three days of gains against the U.S. dollar and the euro as a draft statement from the G-20 did not single out Japan trying to weaken its currency.