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Currencies Foreign Exchange

  • Japanese yen banknotes of various denominations

    Japan's yen was the only substantial mover among major developed world currencies on Tuesday, rising a third of a percent against the dollar.

  • *Dollar steadies ahead of Trump speech to Congress. LONDON, Feb 28- Japan's yen was the only substantial mover among major developed world currencies on Tuesday, rising a third of a percent against the dollar and euro as investors sought safe havens for their money before a speech to Congress by President Donald Trump. But the details of Trump's speech, and his...

  • HONG KONG— World stocks eked out modest gains and the dollar weakened against the yen on Tuesday as investors awaited a speech by President Donald Trump to the U.S. Congress. Britain's FTSE 100 rose less than 0.1 percent to 7,256.23 and France's CAC 40 climbed 0.2 percent to 4,854.14. U.S. stocks were poised for a mixed open a day after closing at record highs, with...

  • *Dollar moves sideways before Trump's speech to Congress. The U.S. currency rose overnight after Trump sought a "historic" increase in military spending, whetting dollar bulls' appetite before the president's speech to Congress. "The talk regarding military and infrastructure spending raised expectations towards Trump's speech to the Congress later today,...

  • *Trump's speech to Congress awaited for more cues. Trump will ask the U.S. Congress to boost Pentagon spending in the next fiscal year by $54 billion in his first budget proposal, a White House budget official said on Monday. "The talk regarding military and infrastructure spending raised expectations towards Trump's speech to the Congress later today, lifting...

  • *Canadian dollar at C $1.3163, or 75.97 U.S. cents. TORONTO, Feb 27- The Canadian dollar weakened against its U.S. counterpart on Monday as investors awaited a Tuesday night speech from U.S. "We'll hear them probably talk a bit dovishly to offset some of the more positive data that's come out of Canada recently," said Don Mikolich, executive director for foreign...

  • MEXICO CITY, Feb 27- Latin American currencies were little changed on Monday but remained vulnerable to new signs of protectionism by the United States that could hit emerging markets. The pesos of Mexico, Chile and Colombia were mostly flat, and Brazil, the region's top market, was closed for the Carnival holiday. Mexico's peso has rallied back more than 10...

  • NEW YORK, Feb 27- The U.S. dollar was steady against a basket of currencies on Monday ahead of a busy week that will include a speech by U.S. Treasury Secretary Steven Mnuchin said on Sunday that Trump, in an address to Congress on Tuesday, will preview some elements of his plans to cut taxes for the middle class, simplify the tax system and make U.S. companies more...

  • 100 dollar bills

    The dollar pared losses against a basket of currencies on Monday after a Federal Reserve official delivered hawkish remarks.

  • JOHANNESBURG— African telecommunications giant MTN warned shareholders Monday to expect big losses caused by a $1 billion regulatory fine in Nigeria, damaging foreign exchange rates and a share offering to promote black empowerment in South Africa. A statement from the South Africa- based company said it would announce full-year losses for 2016 on...

  • A customer uses a credit card scanner at a Target store in Miami.

    The CNBC IQ 100 Index is whipping the S&P 500, and it just added a surprising stock: Target. The retailer is more innovative than Google.

  • *HSBC takes FX chief David Bloom, other strategists off air. *Moves come after Le Pen gains in France weaken euro. Currency strategists at HSBC's global research division would not be making unsupervised public appearances due to concerns about commenting on political events which have been seen to drive prices, a source at Europe's biggest bank said.

  • *Canadian dollar at C $1.3088, or 76.41 U.S. cents. TORONTO, Feb 27- The Canadian dollar edged higher against its U.S. counterpart on Monday as oil prices rose, but gains for the loonie were restrained ahead of a Bank of Canada interest rate decision this week. The Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday.

  • *Euro stronger as polls show Le Pen losing momentum. NEW YORK, Feb 27- The dollar was slightly weaker against a basket of currencies on Monday as investors worried that a speech by U.S. Mnuchins comments seemed to indicate the details of tax reform will be known probably closer to the latter half of the summer, and we can most likely expect 3 percent growth towards the...

  • LONDON, Feb 27- Sterling hit a 12- day low against the dollar on Monday, as talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union. A report in the Times newspaper said British Prime Minister Theresa May is preparing for Scotland to call a fresh independence referendum in March, to...

  • DOLLAR STRENGTHENS TO SESSION HIGH OF 112.42 YEN AGAINST JAPANESE YEN.

  • *Warren Buffett warns of market unpredictability. LONDON, Feb 27- World stocks fell on Monday, after two huge European merger and acquisition deals fell through and billionaire U.S. investor Warren Buffett warned that while stocks are cheap, they are currently unpredictable and prone to a sudden, steep correction. Meanwhile, the proposed 29 billion euro merger...

  • *France election campaign continues to weigh on euro. LONDON, Feb 27- The dollar edged up from a 2-1/ 2- week low against the yen on Monday but struggled to gain traction more broadly, as investors awaited a speech this week by U.S. "The FX market is going to be most reactive to anything in the address which seems to reverse what we were already thinking was in train," said...

  • BEIJING, Feb 27- China's foreign exchange regulator said on Monday that it will strengthen supervision of the forex market in 2017, while improving policy transparency and promoting the further opening of financial markets. Pan Gongsheng, head of the State Administration of Foreign Exchange, said that China's foreign exchange market was relatively stable...

  • BEIJING, Feb 27- China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Pan Gongsheng, head of the State Administration of Foreign Exchange, said that China's foreign exchange market is relatively stable and...