U.S. stocks rose in a broad rally on Thursday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar's recent rally and tempered the outlook for interest rates.
The euro dived to its lowest since early 2003 against the dollar on Wednesday, dragging other European currencies with it on the back of the huge differences developing in market interest rates between Europe and the United States.
The Swiss National Bank, battling a rise in the country's currency, could push interest rates further into negative territory if the franc moves in the "wrong direction", a Swiss newspaper reported on Sunday, citing sources close to the bank.
Stock markets and the euro started the week on a cautious note on Monday as a Greek debt deal struck last week remained in the balance until Athens drew up a list of reforms to satisfy its creditors.
The dollar was on the defensive against the yen and euro on Thursday, paring gains after minutes of January's Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon.
Greek Finance Minister Yanis Varoufakis said on Wednesday he believed euro zone finance ministers would approve an Athens government proposal on extending the country's loan agreement later this week.
The euro held steady on Wednesday, finding some support as investors held on to hopes that Greece will find enough common ground with its euro zone partners and avoid a chaotic exit from the currency union.
Asian equities tracked a mild bounce on Wall Street, edging higher on Wednesday as pessimism about the Greek debt saga receded somewhat, while the dollar strengthened against the yen thanks to higher U.S. debt yields.
The euro skidded on Tuesday after a collapse in talks to secure a new debt deal for Greece kept markets guessing about the next chapter in the nerve-wracking saga as Athens tries to secure improved terms with its creditors.
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks.
A jump in the Swiss franc against the euro, which threatens to push the country's economy into recession, is boosting trade in brothels across the border in Germany.
The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains.
The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.
German Chancellor Angela Merkel met with European Central Bank President Mario Draghi on Wednesday, a government spokesman said, ahead of a key ECB meeting at which the bank is poised to announce a scheme to print fresh money to buy state bonds.
Hedge fund manager Marko Dimitrijevic is closing his largest hedge fund, Everest Capital's Global Fund, having lost almost all its money after the Swiss National Bank (SNB) scrapped its three-year-old cap on the franc against the euro, Bloomberg news reported on Saturday.
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