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Currencies Foreign Exchange

  • *MSCI Asia-ex Japan set for fifth day of gains. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, hovering near their highest since June 2015. "We are carrying on the momentum from the overnight rally in the U.S. markets and financials are in the spotlight on expectations of good earnings," said Alex Wong, a fund manager at Ample Capital Ltd...

  • SINGAPORE, April 26- The dollar edged higher against the yen on Wednesday, while the euro held firm near a 5-1/ 2 month high due to receding concerns about the risks posed by the French presidential election. The dollar rose 0.3 percent to 111.38 yen, pulling further away from a five-month low of 108.13 yen set on April 17. Still, it remains to be see whether the dollar...

  • SHANGHAI, April 26- China's yuan slipped against the U.S. dollar on Wednesday and fell to a record low against a basket of currencies after the central bank set a weaker midpoint, but tightening liquidity was expected to limit losses. The People's Bank of China set the midpoint rate at 6.8845 per dollar prior to the market open, weaker than the previous fix of 6.8833.

  • 'A stronger dollar is not bad'

    Kumar Palghat, Kapstream Capital, says interest rate differentials bode well for dollar.

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, hovering near their highest since June 2015. Stock markets in Japan and Australia led gainers. "We are carrying on the momentum from the overnight rally in the U.S. markets and financials are in the spotlight on expectations of good earnings," said Alex Wong, a fund manager at Ample...

  • This strategist is dollar negative

    Wayne Gordon of UBS says policy uncertainty, along with government debt issues in the U.S., are negative for the dollar on a 3, 6 and 12-month basis.

  • SYDNEY, April 26- London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. *SHFE COPPER: Shanghai Futures Exchange copper climbed 1 percent to 46,350 yuan a tonne. *BHP RESULTS: BHP Billiton, cut its full-year...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • SINGAPORE, April 26- The yen edged lower on Wednesday, remaining under pressure as risk sentiment improved and safe haven demand eased, on relief over the first round of the French presidential election. The dollar edged up 0.2 percent to 111.30 yen. Still, it remains to be see whether the dollar will see a sustained push higher against the yen, said Teppei Ino,...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday, beating analyst expectations as the peso appreciated against the dollar and euro. America Movil said revenue was 264.16 billion pesos for the quarter, up from 222.99 billion pesos in the same...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday on the back of foreign exchange gains as the peso appreciated against the dollar and euro. Quarterly net profit at Latin America's biggest telecom company jumped to 35.85 billion pesos, up from 4.798...

  • NEW YORK, April 25- The U.S. dollar surged against its Canadian counterpart on Tuesday after the United States imposed duties on Canadian softwood, while the euro hit a multi-month high on relief over the French election and the possibility of more hawkish European Central Bank policy in June. The move, which affects some $5.66 billion worth of imports of the...

  • A man walks by a euro sign light installation in Vilnius, Lithuania, on December 31, 2014.

    The euro remained high on growing confidence that market-friendly Emmanuel Macron will become the next French president.

  • President Donald Trump and Canadian Prime Minister Justin Trudeau walk from the Oval Office to the Residence of the White House in Washington, U.S. February 13, 2017.

    Prime Minister Justin Trudeau vowed to stand up for Canadian interests after the U.S. imposed new tariffs on softwood lumber.

  • bets@ SAO PAULO, April 25- Latin American currencies weakened on Tuesday as U.S. President Donald Trump's promise to announce "big tax reform and tax reduction" invited bets that U.S. interest rates could rise faster than expected. Mexico's IPC stock index rose 0.6 percent, in line with advances in Wall Street.

  • LONDON, April 25- Sterling sank to a two-week low against the euro on Tuesday, hit by the single currency's renewed strength as relieved investors turned optimistic on Europe after the first round of the French presidential election. The pound weakened to as much as 85.27 pence per euro after a Reuters report that European Central Bank officials may now feel...

  • NEW YORK, April 25- The U.S. dollar surged to its highest level against its Canadian counterpart in more than a year on Tuesday after the United States imposed duties on Canadian softwood, while the dollar hit a two-week high against the yen on greater risk appetite. The move, which affects some $5.66 billion worth of imports of the construction material, set a tense...

  • TORONTO, April 25- The Canadian dollar slumped to a 14- month low against its U.S. counterpart on Tuesday after the United States said it would impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber. trading at C $1.3594 to the greenback, or 73.56 U.S. cents, weaker than Monday's close of C $1.3516, or 73.99 U.S. cents.