Dealers Desk
The euro climbed to a session high against the dollar on Monday while the U.S. currency pared gains against the yen as investors positioned ahead of the Federal Reserve's policy announcement. The euro was last up 0.2 percent at $1.
The yen rallied sharply versus the dollar as Japanese equities futures traded down, hitting its strongest level since the Bank of Japan embarked on aggressive economic stimulus in early April Japanese equities futures, which have been closely
The euro on Wednesday pared losses versus the U.S. dollar to trade above $1.33 headed into the New York stock market open. The euro last traded at $1.3304 , down 0.1 percent on the day. That is above the global session low of $1.
The euro on Monday erased losses versus the dollar and hit a session high as European stocks ended slightly lower on China's unexpectedly weak imports data. The FTSEurofirst 300 index of top European shares provisionally closed 0.
The dollar on Monday sharply pared gains versus the Japanese yen and euro after a top Federal Reserve official said low U.S. inflation means the Fed can stick to an aggressive bond buying campaign if it decides that is warranted.
The dollar plunged three percent against the yen on Thursday, briefly dipping below 96, as investors sold the greenback on worries about Friday's U.S. non-farm payrolls report.
The dollar fell 1.1 percent against the yen to a session low below the 101 yen level on Friday as investors adjusted positions ahead of the long U.S. Memorial Day weekend on the possibility of more volatility in Japanese financial markets.
The dollar recovered to trade at a fresh 4-1/2-year high against the yen and a new nine-month high against the Swiss franc on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
The euro extended gains against the dollar, while the dollar pared gains against the Swiss franc and yen on Wednesday after Federal Reserve Chairman Ben Bernanke said monetary stimulus is helping the U.S.
The euro climbed to a one-week high against the dollar and a fresh 3-1/2-year high against the yen on Wednesday ahead of testimony from U.S. Federal Reserve Chairman Ben Bernanke. The euro was last up $1.2949, up 0.
Dealers' desk forex news is provided by OzForex Pty Ltd.
