The dollar fell to a one-month low on Thursday as rising mortgage delinquencies and ongoing credit concerns stoked fear of slower U.S. economic growth ahead of a keenly awaited employment report.
U.S. stocks and Treasury bond prices fell on Thursday after a stronger-than-expected reading of the U.S. services sector and a lower jobless claims number suggested the U.S. economy may not warrant a Federal Reserve interest-rate cut.
European Central Bank kept options open on a future rate move on Thursday, stressing his anti-inflation commitment but saying volatile markets meant the ECB needed more time to think.
The euro steadied versus the yen on Thursday after the European Central Bank held rates at 4 percent as expected, as the market awaited a post-decision news conference with ECB President Jean-Claude Trichet.
The yen rose while high-yielding currencies came under pressure on Tuesday as concerns over the health of the U.S. economy weighed on global equities, prompting investors to trim exposure to risky assets.
French President Nicolas Sarkozy urged European Union nations on Monday to accept a greater share of defense spending to cope with escalating global threats.
The dollar weakened broadly on Friday as lingering worries about the recent global credit and liquidity squeeze outweighed surprisingly strong U.S. economic data.
European Union veterinary experts agreed on Thursday to let all of Britain, except part of the county of Surrey, resume exports of live animals, meat and dairy products to other EU countries, the EU executive said.
Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and pledged to do more if needed. n all, central banks in Europe, Asia and North America have pumped out more than $300 billion over 48 hours in an effort to keep money flowing through the arteries of the global financial system, hoping to prevent a credit market seizure that could imperil economies.
The yen firmed broadly on Friday as continued turbulence in global financial markets caused investors to shun risk, cutting their exposure to carry trades.
Major central banks swept in to calm credit markets spooked by mounting losses on Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
The euro briefly edged up against the dollar on Thursday after the European Central Bank president said 'strong vigilance' was needed to stem inflation risks, signaling a possible September rate hike.
France's Michelin posted a 33.5 percent jump in first-half core operating income to 860.6 million euros ($1.2 billion), meeting forecasts, but its stock fell again on U.S. economic woes.
The dollar fell on Thursday, dropping to nearly three-month lows against the yen, after June U.S. new home sales came in below expectations, adding to widespread fears about credit market problems.
The European Union has temporarily suspended its World Trade Organisation (WTO) complaint against India over the latter’s duties levied against European wine and spirit imports.
Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.
The Canadian dollar was higher versus the greenback on Wednesday, supported by strong commodity prices in a quiet session marked by a lack of domestic data and with U.S. markets closed for the Independence Day holiday.
Sterling jumped to a 26-year high versus the dollar for a third day on Wednesday, vaulting $2.02 and showing no signs of vertigo so far against a broadly weak dollar that stayed near record lows versus the euro.
Stocks traded higher on Monday, supported by takeover news and data showing manufacturing growth accelerated last month, while bond prices gained in a flight-to-safety bid as police investigated attempted car bomb attacks in Britain.
The dollar tumbled to a 26-year low against sterling and declined across the board on Monday on continuing expectations that U.S. interest rates will remain steady while borrowing costs rise overseas.
The European Commission has lifted a suspension of its review of a venture by Japanese electronics giant Sony and Germany's Bertelsmann that created the world's number two music company.
The European Union breathed a sigh of relief over the weekend after the bloc's leaders agreed on a way to reform its institutions, but critics from Britain to the Netherlands called for referendums that could derail a deal.
