The euro trimmed some early gains on Friday as concerns of a growing trade conflict between the world's two biggest economies kept a lid on appetite.
BERN, June 21- The Swiss National Bank sees no reason to start normalizing its ultra-loose monetary policy, it said on Thursday, citing rising political uncertainties which could trigger renewed demand for the safe-haven Swiss franc. SNB Chairman Thomas Jordan pointed to Italy's new anti-establishment government and mounting protectionism as...
The dollar fell off an 11-month high as the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity fell.
Commerce's Ross sees more trade pressure on China. NEW YORK, June 20- The dollar was steady on Wednesday, hovering near an 11- month peak against a basket of major currencies as China's signal of tolerance of a stronger yuan offset anxiety about the global trade conflict. The greenback, as well as the yen and Swiss franc, remained well supported as traders braced for...
The dollar steadied against a basket of currencies as risk aversion sparked by concerns over a U.S.-China trade feud ebbed.
*China yuan falls to five-month low in offshore market. President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world's two biggest economies. China's commerce ministry warned on Tuesday that Beijing would fight back firmly with "qualitative" and "quantitative" measures if the United States implements more tariffs.
*Yen, Swiss franc up after Trump warns of new tariffs on China. Hostility over trade between the world's two largest economies intensified on Tuesday when Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation. Months of tit-for-tat trade measures between Beijing and Washington...
The dollar remained close to an 11-month high against a basket of currencies on Tuesday as domestic housing starts jumped to near an 11-year peak in May
*Yen, Swiss franc up after Trump warns of new tariffs on China. *China yuan falls to five-month lows in offshore market. President Donald Trump's threats of more tariffs on China heightened fears that an escalating trade dispute could damage global growth.
ZURICH, June 19- Political uncertainty surrounding Italy's new anti-establishment government could heap renewed upward pressure on the Swiss franc and harm Switzerland's economic growth, the Swiss government warned on Tuesday. The government in Rome has made investors nervous by promising to increase spending, slash taxes and challenge European Union...
*Yen, Swiss franc up after Trump's threat of new tariffs on China. *China yuan falls to five-month lows in offshore market. President Donald Trump's threats of additional tariffs on China escalated a trade spat between the world's two largest economies in a worrying sign for global growth prospects.
NEW YORK, June 18- Anxiety about a global trade war spurred demand on Monday for the Japanese yen and Swiss franc, while the euro remained under pressure due to a dispute in Germany's governing coalition and expectations the European Central Bank will hold interest rates steady into 2019. The ongoing trade dispute between the United States and China knocked the...
NEW YORK, June 18- Anxiety about a global trade war spurred demand on Monday for the Japanese yen and Swiss franc, while the euro remained under pressure due to a dispute in Germany's governing coalition and the European Central Bank seen holding interest rates into 2019. On Friday, the White House enacted tariffs on $50 billion in Chinese goods.
The euro stabilized on Monday after last week's big losses.
Koon Chow of Union Bancaire Privée says most currencies are likely to come under pressure against the "safe havens."
The U.S. dollar slipped against the Japanese yen on Friday, as President Donald Trump announced hefty tariffs on $50 billion of Chinese imports.
The euro fell broadly on Thursday as the European Central Bank planned to keep interest rates at record lows into the summer of 2019.
The dollar was weaker against the euro but rose against some emerging market currencies and the yen.
The dollar steadied as data showed U.S. consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually.
The U.S. dollar and euro were range-bound ahead of decisive meetings of both central banks this week.