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Currencies Foreign Exchange

  • South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand's official currency market code. Local lender Standard Bank, which is also among the 17 named in the...

  • The dollar traded close to one-month highs as the lack of a clearer signal from the Fed countered surprise praise from the new Treasury Secretary.

  • JOHANNESBURG, Feb 23- South Africa's Standard Bank is engaging with the Competition Commission over the watchdog's investigation into alleged rigging of rand currency trading and has not suspended any employees to date, the bank said on Thursday. "Pending the outcome of these engagements and in the light of these historic allegations only having been...

  • LONDON, Feb 23- The dollar traded close to one-month highs on Thursday, as the lack of a clearer signal from the U.S. It traded in tight ranges against the yen and the euro, moving back above $1.05 against the single currency after a pledge of support for centrist candidate Emmanuel Macron from one rival soothed investor nerves about how France's presidential...

  • LONDON, Feb 23- The dollar traded close to one-month highs on Thursday, as the lack of a clearer signal from the U.S. It traded in tight ranges against the yen and the euro, moving back above $1.05 against the single currency after a pledge of support for centrist candidate Emmanuel Macron from one rival soothed investor nerves about how France's presidential...

  • LONDON, Feb 23- The dollar traded close to one-month highs on Thursday, as the lack of a clearer signal from the U.S. It traded in tight ranges against the yen and the euro, moving back above $1.05 against the single currency after a pledge of support for centrist candidate Emmanuel Macron from one rival soothed investor nerves about how France's presidential...

  • LONDON, Feb 23- The dollar traded close to one-month highs on Thursday, as the lack of a clearer signal from the U.S. It traded in tight ranges against the yen and the euro, moving back above $1.05 against the single currency after a pledge of support for centrist candidate Emmanuel Macron from one rival soothed investor nerves about how France's presidential...

  • LONDON, Feb 23- Emerging equities powered to fresh 19- month highs on Thursday after U.S. MSCI's benchmark emerging stocks index rose 0.2 percent, with Indian shares up 0.5 percent to hit the highest since March 2015, Turkish stocks up 0.7 percent and Bucharest shares up 0.2 percent at a fresh nine-year high. Hong Kong shares touched a new 5-1/ 2- month high,...

  • STANDARD BANK SAYS ALLEGATIONS CONFINED TO USD/ZAR TRADING, DO NOT RELATE TO CONDUCT OF GROUP MORE BROADLY.

  • TOKYO, Feb 23- The dollar drifted on Thursday as impact from the Federal Reserve's policy meeting minutes and supportive comments from a top U.S. official faded, while the Australian dollar slipped in the wake of downbeat economic data. Treasury Secretary Steven Mnuchin reportedly reiterated that a strong dollar was a "good thing" in the long run.

  • TOKYO, Feb 23- The dollar moved away from overnight lows and steadied on Thursday as the market reassessed the minutes of the Federal Reserve's last policy meeting, which kept the prospect of a March rate hike in play. This initially disappointed dollar bulls, who had hoped for a more hawkish tone after Fed Chair Janet Yellen said last week that waiting too long to...

  • But experts have pointed out a stronger greenback makes exports more expensive for foreign markets.

  • *Loonie touches its weakest since Feb. 7 at C $1.3210. It reinforces the view that the Bank of Canada will not be following the Federal Reserve with interest rate hikes, he added. The chances of a Bank of Canada interest rate hike this year dipped to 28 percent from more than 30 percent before the retail sales report, data from the overnight index swaps market showed.

  • announced@ SAO PAULO, Feb 22- Mexico's peso strengthened on Wednesday to its highest level since the election of U.S. The peso strengthened 0.7 percent to trade at 19.87 per dollar, which central bank Governor Agustin Carstens said reflected confidence in the hedge. Mexico's foreign exchange commission said the program will not use the central bank's...

  • NEW YORK, Feb 22- The dollar fell against the euro and yen on Wednesday after Federal Reserve meeting minutes disappointed expectations for a hawkish tone and anti-EU French presidential candidate Marine Le Pen's perceived chances of winning fell. "The message was that there is still some hesitation, some caution versus the impression the markets got from the...

  • *Investors say Nigeria needs clearer, bold devaluation. *President Buhari is in London on medical leave. LAGOS/ LONDON, Feb 22- Nigeria's latest efforts to tweak its exchange rate policy have baffled investors who say the moves fall short of the currency devaluation they had hoped for and will not lure money back into the economy.

  • The dollar index erased earlier gains after Fed meeting minutes showed the next interest rate increase could be soon.

  • NEW YORK, Feb 22- The euro recovered from its weakest level against the dollar in six weeks on Wednesday after far-right French presidential candidate Marine Le Pen's perceived chances of winning fell, reducing concerns given the candidate's anti-EU stance. The euro was last up 0.2 percent against the dollar at $1.0554, recovering a 0.4 percent loss that...

  • NEW YORK, Feb 22- The euro hit a six-week low against the dollar on Wednesday on concern over France's presidential election campaign, a growing gap between U.S. and euro zone interest rates and the increasing risk of a rate increase from the Federal Reserve in March. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading.

  • *Loonie touches weakest since Feb. 7 at C $1.3210. It reinforces the view that the Bank of Canada will not be following the Federal Reserve with interest rate hikes, he added. The chances of a Bank of Canada interest rate hike this year dipped to 25 percent from more than 30 percent before the retail sales report, data from the overnight index swaps market showed.