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Currencies Foreign Exchange

  • NEW YORK, June 23- The dollar fell against a basket of major currencies on Friday, recording its biggest one-day fall in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data. Sterling rose for a third consecutive day after soon-to-depart Bank of England policymaker Kristin...

  • The European Central Bank is deciding when to wind back its expansive quantitative easing program.

  • NEW YORK, June 23- The dollar fell against a basket of major currencies on Friday, on track for its biggest single-day drop in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data. Sterling rose for a third consecutive day following a speech who late Thursday urged hiking U.K....

  • LONDON, June 23- Sterling gained by almost half a percent against the dollar on Friday, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months. Policy hawk, Kristin Forbes, in her last speech before leaving the bank, urged colleagues on Thursday evening to raise rates...

  • *Canadian dollar at C $1.3305 or 75.16 U.S. cents. TORONTO, June 23- The Canadian dollar fell on Friday against its U.S. counterpart after weaker-than-expected domestic inflation data reduced the chances of an interest rate hike next month from the Bank of Canada. The annual inflation rate cooled to 1.3 percent in May, below forecasts for 1.5 percent, pushing it...

  • PARIS, June 23- The dollar dipped to a four-day low against a basket of major currencies on Friday, as traders looked to U.S. inflation data due next week to provide more clues on the Federal Reserve's policy outlook. "More than a week after the FOMC lifted borrowing costs in the U.S., financial markets... have been treading water as investors struggle to find a new driver,"...

  • LONDON, June 23- For years the options market that companies and investors use to hedge against big swings in currencies viewed the euro as a bigger political and structural risk than Britain's pound. In the political and market turmoil immediately before and following Britain's decision last June to leave the European Union, financial market investors...

  • LONDON, June 23- Chinese mainland shares rose nearly 1 percent on Friday, enjoying their best week since November after MSCI's decision to include them in its benchmark index, whilst South Africa's rand firmed after parliament backed the central bank's independence. Emerging equities have attracted $1.7 billion this week and emerging bonds $2.2 billion,...

  • PARIS, June 23- The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data. The European Central Bank is deciding when and how quickly to wind back its expansive quantitative easing program. "With the debate over ECB QE policy heating up, expect the euro to be much more sensitive to data surprises," wrote...

  • *Nikkei gains 1.0 pct for the week. TOKYO, June 23- Japan's Nikkei share average finished the session little changed on Friday as dollar-yen levels steadied after major economic events, while Nintendo hit new multi-year highs on ongoing hopes for a new title on Switch. The index gained 1.0 percent for the week, its first weekly gains in three weeks after having...

  • *Dollar drifts, next week's US data awaited for inflation cues. TOKYO, June 23- The dollar was little changed on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators, while commodity currencies such as the Canadian dollar held to gains after crude oil prices bounced. "While the market was able to draw incentives from the Fed last week,...

  • TOKYO, June 23- Japan's Nikkei share average was flat on Friday morning as dollar-yen levels steadied after major economic events, while Nintendo hit new multi-year highs on ongoing hopes for a new title on Switch. The index is on track to gain 0.9 percent for the week- where it touched its highest levels since August 2015. "It's like the market has started its summer...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, and up 0.4 percent for the week. "We're getting close to the end of the month, and fundamentals aside, there will be people selling dollars, so it will be easy for the yen to strengthen next week," said Mitsuo Imaizumi, Tokyo- based chief foreign exchange strategist for Daiwa Securities.

  • *Dollar drifts, next week's US data awaited for inflation cues. TOKYO, June 23- The dollar was little changed early on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators, while commodity currencies like the Canadian dollar held to gains following a bounce in crude oil prices. "While the market was able to draw incentives from the Fed...

  • WELLINGTON, June 22- New Zealand's central bank on Thursday played down the recent rise in the New Zealand dollar and shrugged off weaker economic growth at the start of the year, as it kept interest rates steady at record lows for a fourth consecutive rate review. New Zealand has been among the best-performing advanced economies in recent years.

  • *Norwegian crown rises after Norges Bank removes easing bias. NEW YORK, June 22- The dollar was little changed against a basket of currencies on Thursday as low U.S. bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week. The yen garnered some safe-haven demand on early...

  • An investor looks at an electronic board showing stock information in Hangzhou, China.

    Stocks in China take a hit after regulators tighten their grip on buying activity and video services.

  • Doubts crept in as to whether the modest current economic expansion warrants further rate increases.

  • *Norwegian crown rises after Norges Bank strips easing bias. NEW YORK, June 22- The dollar was flat against a basket of currencies on Thursday as low U.S. bond yields offset in-line data on domestic jobless claims and home prices, keeping it close to the one-month peak it reached earlier this week. "The market has not bought into the Fed's hawkish rhetoric," said Boris...

  • LONDON, June 22- Sterling traded slightly below $1.27 on Thursday as investors were divided over the prospect of a rise in interest rates from the Bank of England after two of its top officials gave opposing signals on the matter this week. BoE Governor Mark Carney said in a speech on Tuesday it was not the right time to raise interest rates, while the Bank's chief...