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Currencies Foreign Exchange

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  • The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.

  • BOSTON, July 30- Venezuela's currency woes cut nearly $3 billion in profit at U.S. blue-chip companies during the second quarter and prompted Procter& Gamble Co to remove its operations in the South American country from its consolidated financial reports. More so-called deconsolidation moves and exits from Venezuela are likely to happen during the second...

  • A BP employee uses ultrasound to scan a section of pipe along an oil transit pipeline at Prudhoe Bay oil field on Alaska's North Slope.

    Oil majors trim everything but dividends

  • NEW YORK, July 30- The dollar traded at one-week highs and shorter-term U.S. The euro fell 0.70 percent against the dollar to $1.0909, which helped the dollar index rise 0.70 percent at 97.641 after touching 97.773, its highest since July 22. The bar for them to hiking rates is not very high, "said Ian Gordon, G10 currency strategist at Bank of America Merrill Lynch in...

  • European markets close: Third day of gains

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including European earnings that beat expectations.

  • Fed to hike rates by year-end?

    David Bloom, global head of foreign exchange strategy at HSBC, discusses the euro/dollar and when the Federal Reserve may raise interest rates.

  • Q2 GDP data supports view on Fed rate hike. *Greenback gains against major currencies. NEW YORK, July 30- The dollar rose to its highest level this week on Thursday as news of faster U.S. economic expansion in the second quarter supported the notion that the U.S.

  • The study-- by the Cass Business School, the Bank of England and City University Hong Kong-- used data from more than 40 stock markets, observed over 30 years. "This leaves significant returns available to investors allocating money across global stock markets when returns are measured in an investor's home currency," the Cass Business School said.

  • NEW YORK— Avon's second-quarter earnings climbed 52 percent, beating consensus Wall Street forecasts as the cosmetics company got a boost from a drop in expenses and lower taxes that countered a currency exchange rate hit to sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

  • CINCINNATI— Procter& Gamble's sales fell for the sixth straight quarter as the world's bigger consumer goods company was weighed down by softer sales volume and unfavorable currency exchange rates. Procter& Gamble, based in Cincinnati, has been trying to boost its results by cutting costs and shrinking its portfolio of products to concentrate on the 10...

  • NEW YORK— Colgate-Palmolive Co. on Thursday said its second-quarter earnings fell on foreign currency exchange rates that battered sales of consumer staples in Latin America, Europe and other markets. The strong U.S. dollar has pushed up prices for goods sold overseas, which can cut into profits for U.S. companies like Colgate-Palmolive that do most of their...

  • Markets participants, however, say surging rates are likely to be short-lived as worries over yuan weakness may be overplayed and there is sufficient yuan liquidity in Hong Kong. Piling pressure on the yuan, China's State Council said on Friday it would liberalise yuan trading, among other measures, to support exports. "Following the sharp rebound in CCS, it is...

  • LONDON, July 30- The dollar rose to its highest level this week on Thursday after the U.S. In early trade in Europe, the euro was down more than a cent against the dollar compared with levels seen before the Fed made its monthly policy statement on Wednesday, falling back to around $1.0950, its lowest since last Friday. "The fact they weren't worried about anything else...

  • BEIJING, July 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $76.6 billion by July 29, from $75.54 billion at the end of June, the foreign exchange regulator said on Thursday.

  • TOKYO— Sony said quarterly profit rose threefold as foreign exchange gains and sales of image sensors and Playstation 4 software helped offset declines elsewhere. Sony blamed the loss on a fall in licensing revenues, noting last year's performance benefited from the strong performance of The Amazing Spider-Man 2 and 22 Jump Street. The higher demand for...

  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • Euro whipsaws after Fed leaves rates unchanged Wednesday, 29 Jul 2015 | 3:45 PM ET

    The euro whipsawed against the dollar on Wednesday after the Federal Reserves said it would leave interest rates unchanged.

  • FOREX-Dollar rises as Fed's jobs view hints at rate hike Wednesday, 29 Jul 2015 | 3:35 PM ET

    NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...

  • Emerging currencies in the firing line amid Fed Wednesday, 29 Jul 2015 | 3:28 PM ET
    A man walks past a board showing currency exchange rates in Moscow, July 28, 2015.

    Emerging market currencies were eyed by investors on Wednesday as weak oil prices, China's market pain and after the Federal Reserve left its interest rates unchanged.