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Currencies Foreign Exchange

  • *Egypt floated its pound currency in November. CAIRO, Feb 24- Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank loan aimed at supporting a government economic reform program, Central Bank Governor Tarek Amer said late on Friday. Facing a gaping budget deficit, Egypt began a series of painful economic reforms and has been taking...

  • *Loonie touches strongest since Feb. 16 at C $1.3057. TORONTO, Feb 24- The Canadian dollar notched a one-week high against its U.S. counterpart on Friday after data showed a spike in domestic inflation, but some gains were pared ahead of a Bank of Canada interest rate decision next week. "It is a pretty eye-catching number," said Andrew Kelvin, senior rates strategist at...

  • The U.S. dollar fell to a more than two-week low against the Japanese yen on Friday.

  • *Dollar falls below 112 yen for first time since Feb. 9. NEW YORK, Feb 24- The U.S. dollar fell to a more than two-week low against the Japanese yen on Friday as investors doubted the likelihood of swift tax reform and a quick spending boost from U.S. Its first dip below 112 yen since Feb. 9 put the greenback on track for its second straight weekly loss against the Japanese...

  • uncertainty@ SAO PAULO, Feb 24- Latin American currencies weakened on Friday, weighed down by falling commodity prices and uncertainty over U.S. economic policy. China- listed iron ore futures dropped more than 2 percent after a rapid rally, hammering assets from exporters of basic metals. Currencies from oil-producers Mexico and Colombia weakened 1 percent...

  • LONDON, Feb 24- Sterling slid from a 2- week high to the dollar on Friday but was still on track for its strongest weekly showing in a month as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain's upper house of parliament, a week largely lacking in major...

  • *Dollar hits more than 2- wk low vs yen of 112.06 yen. NEW YORK, Feb 24- The U.S. dollar slipped to a more than two-week low against the yen and a one-week trough on a closely followed index on Friday as investors doubted the likelihood of swift tax reform and a quick boost in spending from U.S. "There is only so much that markets can do on hope and speculation, and I think were...

  • *Loonie touches its strongest since Feb. 16 at C $1.3057. The chances of a Bank of Canada interest rate hike this year rose to nearly 30 percent from 24 percent before the inflation report, data from the overnight index swaps market showed. "My sense is that the Bank of Canada will look through this just given that all three measures of core are running below two...

  • LONDON, Feb 24- The dollar hit a one-week low on Friday and was set for its first week of falls in three, as the "Trumpflation trade" that took the greenback to 14- year highs earlier this year faded, and as worries over France's presidential election eased. A poll on Friday suggested Macron would win 23 percent of the vote share in a first round of voting on April 23,...

  • BEIJING, Feb 24- China said on Friday it had no intention of using currency devaluation to its advantage in trade, responding to U.S. Trump said in an interview with Reuters on Thursday he had not "held back" in his assessment that China manipulates its yuan currency, just hours after his new treasury secretary pledged a more methodical approach to analysing...

  • JOHANNESBURG, Feb 24- South Africa's central bank wants commercial lenders involved in the rand currency rigging scandal to be held accountable, deputy governor Daniel Mminele said on Friday. 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...

  • MSCI's emerging market benchmark fell 0.4 percent with bourses in Hong Kong, South Korea, Russia and South Africa down more than half a percent. China's yuan joined the falls, unfazed by President Donald Trump ratcheting up the rhetoric again and declaring Beijing the "grand champions" of currency manipulation. Meanwhile Beijing said it had no intention of...

  • LONDON, Feb 24- Sterling slipped from a 2- week high to the dollar on Friday but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. A number of major banks have predicted another round of selling of sterling if talks on leaving the European Union get...

  • LONDON, Feb 24- Sterling slipped from a 2- week high to the dollar on Friday but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. A number of major banks have predicted another round of selling of sterling if talks on leaving the European Union get...

  • BEIJING, Feb 24- China said on Friday it has no intention of using currency devaluation to its advantage in trade, responding to an assertion from U.S. Trump said in an interview with Reuters on Thursday he had not "held back" in his assessment that China manipulates its yuan currency, just hours after his new Treasury secretary pledged a more methodical approach to...

  • LONDON, Feb 24- The dollar slipped on Friday and was set for its first week of falls in three, after the new U.S. finance chief poured a little cold water on the "Trumpflation trade" that had taken the greenback to 14- year highs earlier this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps that U.S. "Mnuchin's comments were less belligerently...

  • LONDON, Feb 24- The dollar slipped on Friday and was set for its first week of falls in three, after the new U.S. finance chief poured a little cold water on the "Trumpflation trade" that had taken the greenback to 14- year highs earlier this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps that U.S. "Mnuchin's comments were less belligerently...

  • LONDON, Feb 24- The dollar slipped on Friday and was set for its first week of falls in three, after the new U.S. finance chief poured a little cold water on the "Trumpflation trade" that had taken the greenback to 14- year highs earlier this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps that U.S. "Mnuchin's comments were less belligerently...

  • LONDON, Feb 24- The dollar slipped on Friday and was set for its first week of falls in three, after the new U.S. finance chief poured a little cold water on the "Trumpflation trade" that had taken the greenback to 14- year highs earlier this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps that U.S. "Mnuchin's comments were less belligerently...

  • The yen was set to strengthen against the dollar, despite expectations for U.S. rate hikes, a foreign-exchange strategist at JPMorgan said.