The euro steadied on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month.» Read More
JACKSON HOLE, Wyo., Aug 28- The Swiss National Bank hopes its policies of negative interest rates and a willingness to intervene in the currency market will weaken the overvalued Swiss franc over time, its chairman wrote in a conference paper published on Friday. Switzerland's export-reliant economy has been hampered by a surge in the franc after the SNB removed...
The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy.
The dollar rallied for a second straight session on Wednesday.
The dollar rose on Tuesday, earning a breather from a slide to seven-month lows against the yen as U.S. Treasury bond yields climbed higher.
WARSAW, Aug 25- Polish banks' foreign owners plan to seek compensation for any losses incurred by their operations from a bill on Swiss franc-denominated mortgages, according to letters they sent to Poland's Senate. On Tuesday, the Senate published letters it had received from U.S. conglomerate General Electric and Germany's Commerzbank, owners of Poland's...
The euro hit a 6 1/2-month high and the yen struck a peak against the dollar as investors flocked to safe haven currencies.
Following calls for parity against the dollar just a few months ago, the single currency is now one of the few assets in the world rallying.
The dollar tumbled more than 1 percent against the euro and the yen on Friday.
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
LONDON, Aug 18- A 6 percent drop in Chinese stocks on Tuesday drove currency investors into safe-haven currencies such as the yen and the Swiss franc, albeit in thin volumes. That bolstered expectations that the Bank of England will raise interest rates in coming months and helped sterling gain 0.6 percent against the dollar and the euro. Earlier, China's main...
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
WARSAW, Aug 17- Polish President Andrzej Duda said banks should bear the responsibility for solving the issue of Swiss franc mortgages because they made huge profits on them, but a solution must not destabilise the banking sector. Poland is one of the last countries in eastern Europe to tackle a foreign currency mortgages problem, described by central bank...
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on U.S. data.
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
*Markets ponder chances of Fed hike after China's move. Federal Reserve will raise interest rates given China's devaluation of the yuan. The yuan extended losses, dragging the growth-linked Australian and New Zealand dollars to six-year lows with it, while another set of weak Chinese data bolstered safe-haven currencies such as the yen and the Swiss franc.
The yuan suffered its biggest fall in over two decades on Tuesday.