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Currencies Foreign Exchange

  • *Canadian dollar at C $1.2538, or 79.76 U.S. cents. Speculators were net long 8,043 Canadian dollar contracts as of July 18, data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed. Retail sales rose by 0.6 percent in May from April, a sign of strength that analysts said boosts the case for another interest rate hike from the Bank of...

  • The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday.

  • *Europe stock index drops, Germany's DAX falls 1.7 pct. NEW YORK, July 21- The weakening U.S. dollar fell to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and...

  • NEW YORK/ LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro dragged down the U.S. dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields fell after European Central Bank President Mario Draghi said on Thursday the ECB was in no rush to scale back its asset purchase...

  • *Europe stock index drops, Germany's DAX off 1.7 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • *Europe stock index drops, Germany's DAX down nearly 2 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • LONDON, July 21- Sterling edged down against the euro on Friday, close to an eight-month low and capping its worst week since October, as the euro rallied across the board on bets the European Central Bank is on track to tighten monetary policy next year. By 1430 GMT the pound was trading down 0.1 percent on the day at 89.76 pence, having earlier touched 89.91 pence.

  • NEW YORK, July 21- The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday a day after the European Central Bank's chief abstained from talking down the euro, while obstacles to U.S. ECB President Mario Draghi said on Thursday that financing conditions remained broadly supportive, and noted that the euro's appreciation...

  • NEW YORK, July 21- U.S. Treasury yields fell on Friday in step with European yields as the euro hit a near two-year high against dollar, raising doubts whether the European Central Bank would scale back its bond purchases later in 2017. The U.S. and Bunds spread is moving on that after the ECB meeting, " Subadra Rajappa, head of U.S. rates strategy at SG Corporate&...

  • LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

  • TORONTO, July 21- The Canadian dollar strengthened against its U.S. counterpart on Friday, boosted by stronger-than-expected retail sales data that supported prospects for another interest rate increase by the Bank of Canada. A separate report showed Canada's annual inflation rate slowed to a 20- month low of 1.0 percent in June, well below the Bank of...

  • LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

  • *Test of $1.20 may be on the cards. LONDON, July 21- The euro held near a two-year high against the dollar on Friday as investors took the latest European Central Bank meeting as a sign that policymakers weren't greatly concerned about recent currency strength. European Central Bank President Mario Draghi said on Thursday that financing conditions remained...

  • LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

  • LONDON, July 21- Sterling steadied on Friday but was on track to record its worst week against the euro in nine months, with the single currency rallying across the board on bets that the European Central Bank was on track to tighten monetary policy next year. Against the dollar, sterling was trading up around 0.1 percent at $1.2990, having earlier in the week traded...

  • The euro's 0.3 percent vault above $1.1650 in early trading on Friday meant that those holding currency options betting on a fall in the single currency after the European Central Bank's meeting on Thursday faced heavy losses. The euro rose to $1.16765 as markets bet the European Central Bank would tweak its policy stimulus in the autumn, although ECB...

  • TOKYO, July 21- Japan's Nikkei share average edged down on Friday as investors took profits on steelmakers, offsetting gains in Yaskawa Electric and other machinery makers. The Nikkei has managed to stay above 20,000 for most of the time since July 10, in which time the dollar dropped to below 112 yen from mid-114 yen. "On a daily basis, the market gets emotional about...

  • TOKYO, July 21- The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after what markets perceived as hawkish talk from European Central Bank chief Mario Draghi. But the Australian dollar skidded against the greenback after contrastingly dovish comments from a Reserve Bank of Australia official.

  • *Spot gold may test resistance at $1,250 per ounce- technicals. Heightened political concerns surrounding investigations into President Donald Trump's campaign ties with Russia are currently the key driver supporting gold prices, said Stephen Innes, head of trading for Asia Pacific at OANDA in Singapore. The euro also held near two-year highs against the...

  • A clerk counts stacks of Chinese yuan at a bank in Beijing, China.

    As a presidential candidate, Donald Trump turned China's currency into a campaign issue, but GOP stumbles are now strengthening the yuan.