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Currencies Foreign Exchange

  • *Canadian dollar ends at C $1.3650, or 73.26 U.S. cents. for the last time by the Bank of Canada, was C $1.3650 to the greenback, or 73.26 U.S. cents, weaker than Thursday's close of C $1.3624, or 73.40 U.S. cents. President Donald Trump told Reuters on Thursday that he had been "psyched" to terminate the North American Free Trade Agreement with Canada and Mexico on Saturday,...

  • A traditional Mexican band plays on the floor of the New York Stock Exchange to celebrate Cinco de Mayo on May 5, 2015 in New York City.

    It's that time again: May. Springtime, and time to revisit that old adage — sell in May and go away.

  • The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures.

  • NEW YORK, April 28- The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of...

  • A trader on the floor of the New York Stock Exchange, January 8, 2015.

    Two things that are moving the markets: 1) oil, and 2) fears of a currency war.

  • *Canadian dollar at C $1.3653, or 73.24 U.S. cents. TORONTO, April 28- The Canadian dollar weakened against its U.S. counterpart on Friday, retaining this week's defensive bias as domestic data showed the economy stalled in February, offsetting a rebound in oil prices. trading at C $1.3653 to the greenback, or 73.24 U.S. cents, weaker than Thursday's close of C $1.3624,...

  • LONDON, April 28- Strong inflation numbers drove the euro close to 5-1/ 2 month highs on Friday, turning markets back towards the prospect of a tightening of European Central Bank policy a day after it warned of substantial barriers to sustained higher price growth. According to standard EU measures, in Italy it was 2 percent. That, allied with another batch of solid...

  • *Spanish economy beats forecasts, Austria, France also grow. European Central Bank chief Mario Draghi struck a cautious note on Thursday, sending yields lower, but numbers out on Friday strengthened the belief that the current ultra-loose policy stance can't last. "The ECB has been looking through fluctuations in the headline inflation rate and looking at core...

  • SHANGHAI, April 28- Short foreign currency positions in forwards and futures versus the yuan held by China's central bank fell in March, the central bank said on Friday. The People's Bank of China held $12.094 billion of such positions with commercial banks as of the end of March, compared with $33.8 billion a month earlier, official data showed.

  • Currencies relationship to central bank moves

    Steven Saywell, global head of FX strategy at BNP Paribas, explains why he believes the market is under-pricing the Federal Reserve, with added discussion on currencies and Europe.

  • LONDON, April 28- Solid growth numbers from Spain prodded the euro higher in early European deals on Friday after a week trading at its highest in almost six months on the back of a perceived easing in political risks in France. European Central Bank chief Mario Draghi took a cautious line at Thursday's post-policy meeting news conference, pulling the single...

  • BERN, April 28- The Swiss National Bank could cut rates deeper into negative territory and step up currency market interventions if necessary to pursue its ultra-loose policy and rein in the strong Swiss franc, Chairman Thomas Jordan said on Friday. "Given low inflation and underutilisation of production capacity, maintaining an expansionary monetary...

  • FX markets unwinding Trump trade

    Khoon Goh, ANZ Research, says he's short dollar/yen because he sees more risk coming into the system.

  • *Asia ex- Japan, Nikkei set to post strong gains for the week. *Japan inflation, manufacturing output disappoint. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, putting it on pace to end the week up 1.9 percent, which would be its best week in six.

  • TOKYO, April 28- The dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias. "The Japanese Golden Week holidays are ahead, and investors have already adjusted their positions," said Kaneo Ogino, director at...

  • President Donald Trump told Canada and Mexico that Washington wanted to renegotiate, rather than leave, NAFTA. The loonie, as Canada's currency is colloquially known, has been buffeted by trade rhetoric and actions this week, including the imposition of U.S. import duties on Canada's softwood lumber. The currency had fallen on Wednesday after a U.S. official...

  • NEW YORK, April 27- The euro dipped against the U.S. dollar on Thursday after European Central Bank chief Mario Draghi said policymakers did not discuss removing the bank's easing bias on monetary policy, while the dollar jumped against the Swedish crown after the Riksbank extended its bond-buying. "Draghi wasnt as hawkish as people had hoped," said Greg Anderson,...

  • The dollar only held its gains against the yen on Thursday after Trump's tax plan offered no surprises, slowing the greenback's rally.

  • LONDON, April 27- If anyone doubted how closely traders need to watch U.S. Such cases include this month's surprise missile strike on Syria, his comments on the dollar last month, his promise in February to deliver a "phenomenal" tax plan, or the accusation on Jan. 31 that other governments were deliberately weakening their currencies to the United States' detriment.

  • NEW YORK, April 27- The euro dipped against the U.S. dollar on Thursday after European Central Bank chief Mario Draghi said policymakers did not discuss removing the bank's easing bias on monetary policy, while the dollar jumped against the Swedish crown after the Riksbank extended its bond-buying. "Draghi wasnt hawkish enough, and the markets found that to be...