The euro crashed through support levels that have held for more than a month on Wednesday, hitting a six-week low.» Read More
European shares closed higher Thursday, with the market taking direction from an opening rise on Wall Street where the S&P 500 hit the 1,500 mark for the first time since December 2007.
Asian shares were mixed on Thursday after manufacturing data from China confirmed a recovery was on track, easing nervousness caused by a sharp drop in Apple shares.
The yen was little changed against the dollar on Wednesday one day after a sharp rally, and traders appeared ready to resume selling the yen.
The yen pushed higher against the euro and dollar on Wednesday, extending gains from the previous day, when monetary easing from Bank of Japan fell short of some expectations for faster, more aggressive action.
Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows.
The yen soared 1 percent against the dollar and euro on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year.
U.S. Treasury debt prices were trading little changed as a U.S. Republican proposal for a limited rise in the debt ceiling curbed demand for safe-haven assets.
European shares closed flat on Tuesday as shares of Deutsche Bank weighed heavily on Germany's DAX Index after rumors that the German financial sector regulator had asked it to simulate a split of investment banking and retail operations.
Asian shares end mixed on Tuesday amid optimism over the global growth outlook. But bold easing measures from the Bank of Japan failed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions.
The yen briefly fell against the dollar on Tuesday after the Bank of Japan surprised markets by adopting an open-ended commitment to buy assets, but later regained ground as the new scheme for additional purchases only comes into effect next year.
European shares closed higher on Monday, managing to hold onto earlier gains as investor sentiment was buoyed by an agreement among U.S. Republicans on Friday to extend the debt ceiling for three months.
Asian shares ended mixed on Monday, taking a breather after hitting multi-month highs.
Kelvin Lau, Senior Economist at Standard Chartered says the recent developments from Beijing towards the offshore market are positive. He believes there will be a 50% rise in Stanchart's RMB Globalization Index in 2013.
Easing bets hit the yen, a rising euro dims the Swiss franc, China's fourth quarter GDP hits the mark, and the British aren't shopping - it's time for your FX Fix.
European shares slipped on Friday as disappointing economic data in the UK and U.S. dampened sentiment.
Asian shares ended higher on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting. Both Tokyo and Hong Kong stock markets surged to multi-month highs on the upbeat sentiment.
The yen hit a 2-1/2 year low against the dollar on Friday as markets positioned for the Bank of Japan to take bold action to tackle deflation at a policy-setting meeting early next week.
Dhiren Sarin, Chief Technical Strategist, Asia Pacific at Barclays says the Shanghai Composite is one of his favorite trades for 2013 as the market shows some bullish signs. He expects the market to hit the 2,550 - 2,600 level.
European shares closed higher on Thursday afternoon after stronger-than-expected U.S. jobs data.
David Riedel, President & Founder, Riedel Research Group recommends investing in well-run Hong Kong listed mid-cap companies that have exposure to China.