The euro had been up by as much as a third of a percent against the dollar but surrendered gains on Monday.» Read More
Asian shares ended in the red on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.
The yen on Tuesday posted its best one-day gain against the euro in seven months and rose against the dollar after falling four straight days.
Technology stocks fell to push European shares lower and send Germany's benchmark DAX index to a 2013 low on Tuesday.
Peter Alexander, Managing Director, Z-Ben discusses reasons and implications of the ongoing internationalization of the renminbi.
The euro rose against the dollar for a third straight session Monday, touching an 11-month high, as investors continued to trade off of diminished expectations of ECB monetary easing.
China's FX reserve growth is slowing, so this strategist sees less need for China to buy euros (and other currencies) for diversification.
Japan set the stage for a global currency war, which could hamper the global recovery and relatively robust stock market.
Central banks increasingly want to hold yuan as trade with China grows, a move that would boost the currency.
European equities ended at their lowest in nearly a week on Monday, with an early sell-off in U.S. shares on concerns over demand for Apple's iPhone 5 prompting some investors to take profits.
Asian stocks ended slightly higher on Monday, helped by a 3 percent boost in mainland Chinese shares but trading volume remained light with Japanese financial markets shut for a public holiday.
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.