The yen heads for its biggest weekly gain in more than a month against the dollar, on tensions in Ukraine and the Chinese economy.» Read More
NEW YORK, March 14- Growing tension between the West and Russia ahead of Ukraine's weekend referendum in Crimea pushed stocks on major world markets down on Friday and ramped up the flight into safe-haven gold and the yen.
NEW YORK, March 14- The yen rose on Friday, poised for its biggest weekly gains in more than a month against the euro and dollar, as traders flocked to it on growing tension in Ukraine and fears about the health of the Chinese economy.
With grim headlines from Ukraine and China, a bad week for major global indexes is coming to an end.
John Hardy, FX strategist at Saxo Bank, says the European Central Bank needs to make "real policy moves" such as quantitative easing in order to push the euro lower.
*Focus back on Ukraine as Crimea referendum looms. LONDON, March 14- The yen was in demand on Friday, heading for its biggest weekly gain in more than a month against the dollar, underpinned by tensions in Ukraine and as worries about the health of the Chinese economy festered.
*MSCI ex- Japan skids to one-month low, on track for weekly loss. Russia launched new military exercises near its border with Ukraine on Thursday, even as the U.S. cautioned that Moscow risked facing serious steps if annexation was the outcome of a referendum planned for Sunday in the Crimea.
Peter Kinsella, senior foreign exchange strategist at Commerzbank, says investors are not being complacent about the euro zone's recovery.
SYDNEY/ TOKYO, March 14- Safe-haven currencies like the Swiss franc and the yen were in demand on Friday, having surged overnight as tensions in Ukraine flared up and worries about the health of the Chinese economy continued to fester.
*MSCI ex- Japan skids to three week lows, on track for weekly loss. TOKYO, March 14- Asian shares skidded to a three-week low and the yen held steady at lofty levels on Friday, as heightened tension in Ukraine ahead of a weekend referendum prompted investors to shed riskier assets.
SYDNEY, March 14- Safe haven currencies like the Swiss franc and yen got off to a flying start on Friday, having surged overnight as tensions in Ukraine flared up and worries about the health of the Chinese economy continued to fester.
NEW YORK, March 13- The yen rose against the euro and the dollar on Thursday after U.S. Secretary of State John Kerry signaled a possible response from the West if a referendum in Ukraine's Crimea region goes ahead on Sunday.
*Ukraine tensions increase; China data adds to more worries about slowdown. NEW YORK, March 13- World stock indexes dropped and the yen climbed against the dollar and euro on Thursday as concerns increased over the trajectory of the crisis in Ukraine.
Fears the crisis in Ukraine could intensify led traders to the safe havens of the Japanese yen and Swiss franc.
Secretary of State John Kerry signalled a possible response from the West if a referendum in Ukraine's Crimea region goes ahead on Sunday. Kerry's comments before Congress, together with a warning by Ukraine's acting president Oleksander Turchinov of a possible Russian invasion, rekindled fears of a war breaking out in the region.
Ghana's cedi remains vulnerable due to unmet dollar demand. Ghana's cedi could hit fresh record lows next week on persistent unmet dollar demand by local firms for their imports, analysts said. Data on Wednesday showed that Ghana's consumer inflation rate increased to 14.0 percent in January, the highest since March 2010.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including weakness in Ireland, and Lufthansa saying it will triple profits.
NEW YORK, March 13- The euro rose to 2-1/ 2- year highs against the dollar on Thursday in the wake of the European Central Bank's avoidance of further stimulus, signalling some confidence the region has put recession and its debt crisis behind. Among other major currencies, the New Zealand and Australian dollars surged.
Another day, another batch of weak data from China that fell short of market expectations.
*Ukraine, China slowdown and copper rout sap risk appetite. LONDON, March 13- The euro hit a new 2-1/ 2 year high against the dollar on Thursday as concerns over China's economy and international tensions over Ukraine took the fizz out of an attempted rebound in riskier assets.
LONDON, March 13- European metal products manufacturers are seeing the most favourable conditions for buying copper in over two years as prices drop and the euro strengthens, and some are buying forwards to lock in cheap supply.