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Currencies Foreign Exchange

  • *Euro trades as high as $1.0940 in early Asian trade. The euro surged 0.9 percent to $1.0868 after earlier rising as high as $1.0940, its highest since Nov. 10. "We saw the big moves in the early trading hours when liquidity was thin, so we might not see anything dramatic for the rest of the Asian session," said Mitsuo Imaizumi, Tokyo- based chief foreign-exchange...

  • WASHINGTON, April 22- Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington's calls to have more rigorous IMF scrutiny of currency moves. Treasury Secretary Steven Mnuchin called on the International Monetary Fund to enhance surveillance of its...

  • WASHINGTON, April 22- Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee, the IMF's steering body, also repeated its past commitments on currency exchange rates.

  • WASHINGTON, April 22- Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee, the IMF's steering body, also repeated its past commitments on currency exchange rates.

  • NEW YORK, April 21- The euro weakened against the U.S. dollar on Friday as investors braced for Sunday's first round of a tight French presidential election. The euro was down 0.14 percent against the dollar at $1.0699, off the session low of $1.0683. Opinion polls suggest that France's election will likely come down to a second-round duel between independent...

  • *U.S. crude dips below $50 a barrel for first time since April 4. NEW YORK, April 21- Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday. "After Brexit everyone has to be concerned," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New...

  • The euro inched higher on Friday as investors battened down the hatches for results of the first round of a tightly-fought French election.

  • FRANKFURT, Germany— The French presidential election could be a turning point for Europe's biggest economic project, the shared euro currency. And that leaves room for a very sharp drop in markets— and a blow to the longer-term prospects for the survival of the euro— if the winner turns out to be National Front candidate Marine Le Pen, who wants to take her country...

  • JOHANNESBURG, April 21- South Africa's rand steadied against the dollar on Friday as developed market currencies came back in favor, ending a recent rally that has lifted the unit to 3- week high. Stocks fell for a fourth straight session to a three-week low, as Pioneer Food Group weighed and investors stayed away from risky assets. At 1530 GMT the rand was trading...

  • *U.S. crude dips below $50 a barrel for first time since April 4. NEW YORK, April 21- Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election. "Although Macron has been labeled as favorite to become the next French president, an unexpected Le Pen victory...

  • NEW YORK, April 21- The euro edged lower against the U.S. dollar on Friday as investors braced for Sunday's first round of a tight French presidential election. "Traders understandably look content to flatten their books and ride out the weekend's events from the sidelines," Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, said in...

  • TORONTO, April 21- The Canadian dollar weakened on Friday against its U.S. counterpart as cooler-than-expected domestic inflation reduced pressure on the Bank of Canada to consider interest-rate hikes. The three measures of core inflation put in place by the Bank of Canada last year remained tame. The implied probability of a Bank of Canada rate hike by...

  • LONDON, April 21- Contrary to what his manifesto suggests, French far-left presidential candidate Jean-Luc Melenchon now reckons the euro is trading at an "acceptable" level and does not need to be devalued, his economic spokesman says. It would be part of a renegotiation of the terms of France's membership of the European Union. A December 2010 article in the...

  • *Euro drifts lower in morning trade in Europe. But with options markets suggesting investors are extremely concerned about the chances of strong results for far-right and far-left candidates Marine Le Pen and Jean-Luc Melenchon, the euro fell 0.2 percent against the dollar in morning trade in Europe. "I think everybody is locked down," said Simon Derrick, head of...

  • *Fear of radical win in France elections weighs on currencies. BUDAPEST/ WARSAW, April 21- Central European currencies hovered near multi-week lows on Friday due to fears that an anti-EU candidate may win the first round of France's presidential election on Sunday. Opinion polls put centrist Emmanuel Macron in pole position, but a shooting of a French policeman...

  • *Asia ex- Japan stocks set for weekly loss; Nikkei higher. SINGAPORE, April 21- Asian stocks were set to end the week on a positive note, unscathed by a U.S. trade probe on Chinese steel exports, while the euro remained on edge ahead of Sunday's first round in a tight French presidential election after a shooting overnight in Paris that was claimed by Islamic State.

  • SINGAPORE, April 21- The euro held steady below a three-week high against the dollar on Friday, as investors awaited this weekend's first round of voting in France's presidential election. Polls have forecast that the most likely outcome of Sunday's first round of voting is centrist Emmanuel Macron and far-right candidate Marine Le Pen-- who wants to take...

  • *Japan happy with G20 sticking to FX commitment at Germany. *Japan told G20 shouldn't be complacent despite global pickup. Aso also said it was a "big achievement" for Japan that G20 finance leaders reconfirmed their commitment at last month's meeting in Germany that excessive currency volatility was undesirable, language Tokyo interprets as justifying...

  • WASHINGTON, April 20- Japanese Finance Minister Taro Aso said on Thursday he reconfirmed with U.S. Treasury Secretary Steve Mnuchin that currency issues should be dealt with by the two finance leaders. Aso and Mnuchin met on the sidelines of the G20 finance leaders' gathering and International Monetary Fund meetings in Washington D.C..

  • Bear and bull statues stand outside the Bursa Malaysia Bhd. headquarters in Kuala Lumpur, Malaysia, on Tuesday, Sept. 18, 2012.

    Morgan Stanley initiated Malaysia's stock market at overweight, despite the market's gains so far this year, as it pointed to five tailwinds.