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Currencies Foreign Exchange

  • *Canadian dollar at C $1.3431, or 74.45 U.S. cents. *Loonie touches its strongest since April 19 at C $1.3388. TORONTO, May 25- The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from a five-week high as oil prices fell after OPEC signaled it would go no further with production cuts than markets previously expected.

  • *UK, other regulators likely to use code in legal oversight. LONDON, May 25- Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at forcing its universal adoption by the world's major financial institutions. Industry players said the code was its last chance to head off full...

  • *Oil-linked currencies dip on signs of expected OPEC output cut. LONDON, May 25- The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as OPEC countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets. But as oil prices struggled to get back into...

  • *Oil-linked currencies dip on signs of expected OPEC output cut. LONDON, May 25- The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as OPEC countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets. But as oil prices struggled to get back into...

  • *Oil-linked currencies dip on signs of expected OPEC output cut. LONDON, May 25- The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as OPEC countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets. But as oil prices struggled to get back into...

  • *Oil-linked currencies dip on signs of expected OPEC output cut. LONDON, May 25- The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as OPEC countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets. But as oil prices struggled to get back into...

  • 100 dollar bills

    The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback.

  • LONDON, May 25- On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighborhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers. "It was hostile," he says.

  • LONDON, May 25- On U.S. election day last November, banking executive David Puth stood in line behind Woody Allen to vote in his Manhattan neighbourhood and then got on a plane to be shouted at for the rest of the day by a group of rich fund managers. "It was hostile," he says.

  • LONDON, May 25- A dovish Fed and a dollar retreat boosted emerging markets on Thursday, with stocks approaching two-year highs and the yuan scaling a two-month peak a day after a credit ratings downgrade. The downgrade did not seem to have dented appetite for Chinese risk, with state-run ChemChina taking $5 billion in orders for its $600 million bond, which was...

  • LONDON, May 25- The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback after the Federal Reserve dialled down some expectations that it would hike interest rates soon, while the euro began to climb back towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and...

  • *UK, other regulators likely to use code in legal oversight. LONDON, May 25- Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world's major financial institutions. The code is a central element of the foreign exchange industry's...

  • These 4 emerging market currencies are most vulnerable to a Fed hike

    Marios Maratheftis, chief economist at Standard Chartered Bank, lists the most vulnerable emerging market currencies to interest rate hikes from the U.S. Federal Reserve.

  • HONG KONG, May 25- China's yuan slipped to the seventh-most actively traded currency in the league tables for global trade finance, transaction service provider SWIFT said. In a presentation posted on its website dated May 23, the latest ranking for April places the renminbi behind the swiss franc with a global market share of 1.60 percent.

  • TOKYO, May 25- Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a surge in index-heavyweights such as SoftBank supported sentiment. Information technology conglomerate SoftBank jumped as much as 4.5 percent to hit a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the...

  • TOKYO, May 25- Japanese stocks edged up on Thursday as investors bought futures after the yen weakened in Asian trade, while a surge in index-heavyweights such as SoftBank supported sentiment. Information technology conglomerate SoftBank jumped as much as 4.5 percent to hit a near two-week high of 8,894 yen and contributed to a hefty 31 positive points to the...

  • TOKYO, May 25- The dollar was on the defensive on Thursday after the Federal Reserve dialled down on some of the more hawkish policy expectations in the market, while the euro edged back up towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and took the wind out of an earlier bounce by the dollar, which had...

  • Euro could headed higher, but...

    Whether or not the euro breaks out of its current range depends on the ECB changes its guidance, says Philip Wee, DBS Bank.

  • CARACAS, May 24- Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. Most Venezuela say they cannot get access to official exchange rates anyway and so must go to the black market, on which the bolivar...

  • TOKYO, May 25- The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the euro edged back up towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and took the wind out an earlier bounce by the dollar, which had...