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Currencies Foreign Exchange

  • LONDON, July 26- The euro is marching higher, and for once, the European Central Bank appears content to sit back and let it rise. The de facto policy tightening from a higher exchange rate could force the European Central Bank to further delay winding down its bond purchases, keeping benchmark borrowing costs low, equity risk premia high and global financial...

  • *Canadian dollar at C $1.2481, or 80.12 U.S. cents. *Touches two-year high of C $1.2414, or 80.55 U.S. cents. TORONTO, July 27- The Canadian dollar touched a new two-year high against the greenback on Thursday before slipping in the wake of a slew of U.S. data that indicated an acceleration in growth during the second quarter.

  • NAIROBI, July 27- Uganda's shilling and Zambia's kwacha are forecast to weaken against the dollar in the next week to Thursday, while Ghana's cedi will firm and the currencies of Kenya, Nigeria and Tanzania are expected to hold steady, traders said. Kenya's shilling is expected to hold steady in the. Commercial banks quoted the currency of Africa's number two...

  • LONDON, July 27- The Swiss franc's fall to its weakest since the collapse of an official cap in 2015 dominated major currency markets on Thursday, and the dollar recovered from a fall to 2-1/ 2 year lows. It sank by as much as another 1 percent against the dollar and the euro in morning trade in Europe, while other major currency pairs were broadly steady.

  • LONDON, July 27- Sterling hit a 10- month high against a broadly weaker dollar on Thursday, after the U.S. By 0810 GMT on Thursday it had eased back to $1.3138, up 0.1 percent on the day, but that still left it around 1 percent stronger than before the Fed. "Coupled with ongoing political woes, even a slightly dovish Feds tilt is currently more than enough for markets to...

  • BEIJING, July 27- The People's Bank of China and the Swiss National Bank have extended their currency swap arrangement for another three years, China's central bank said on Thursday. The deal aims to provide liquidity support for bilateral trade and investment and to maintain stability of the financial markets, the PBOC said in a statement on its website.

  • LONDON, July 27- The dollar recovered against the euro in Europe on Thursday after sinking to a 2-1/ 2 year low following a Federal Reserve rate decision and statement that provoked a bout of selling. Against the euro, it has fallen 13 percent from a peak hit in January, and 5 percent in the past four weeks, stirring concerns over how much more euro strength European...

  • LONDON, July 27- The dollar recovered against the euro in Europe on Thursday after sinking to a 2-1/ 2 year low following a Federal Reserve rate decision and statement provoked a bout of selling. Against the euro, it has fallen 13 percent from a peak hit in January, and 5 percent in the past four weeks, stirring concerns over how much more euro strength European Central...

  • LONDON, July 27- The dollar recovered against the euro in Europe on Thursday after sinking to a 2-1/ 2 year low following a Federal Reserve rate decision and statement provoked a bout of selling. Against the euro, it has fallen 13 percent from a peak hit in January, and 5 percent in the past four weeks, stirring concerns over how much more euro strength European Central...

  • LONDON, July 27- The dollar recovered against the euro in Europe on Thursday after sinking to a 2-1/ 2 year low following a Federal Reserve rate decision and statement provoked a bout of selling. Against the euro, it has fallen 13 percent from a peak hit in January, and 5 percent in the past four weeks, stirring concerns over how much more euro strength European Central...

  • LONDON, July 27- The dollar recovered against the euro in Europe on Thursday after sinking to a 2-1/ 2 year low following a Federal Reserve rate decision and statement provoked a bout of selling. Against the euro, it has fallen 13 percent from a peak hit in January, and 5 percent in the past four weeks, stirring concerns over how much more euro strength European Central...

  • *Dollar index at 13- mth low as odds of 3rd 2017 Fed hike slip. TOKYO, July 27- The dollar licked its wounds at 13- month lows against a basket of major currencies on Thursday after the U.S. Markets want to see more signs of inflation before they are convinced about future rate hikes, "said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

  • TOKYO, July 27- The dollar licked its wounds at 13- month lows against a basket of currencies on Thursday after the U.S. Since European Central Bank President Mario Draghi signaled in June that the central bank could tweak its asset purchase, investors have been flocking to the euro. The euro rose to as high as $1.1750 in early Thursday trade, hitting its highest...

  • A worker puts 50 euro bank notes into a counting machine.

    The dollar index fell on Wednesday after the release of the Federal Reserve's policy statement following its July meeting.

  • *Touches C $1.2415, or 80.55 U.S. cents, strongest since June 2015. But currency strategists have expressed skepticism the Canadian dollar can rally much further, with expectations the Bank of Canada will raise interest rates one more time this year already fully priced into the market. "The market is generally very bearish on the U.S. economy, the Fed, and on the U.S....

  • *Dollar reverses early gains after FOMC statement. NEW YORK, July 26- The dollar fell on Wednesday, touching its lowest level in more than a year against a basket of currencies after the release of the Federal Reserve's policy statement following its July meeting. That marked a change from the committee's previous statement that it would begin to reduce its $4.5...

  • LONDON/ NEW YORK July 26- Daily foreign exchange trading volume out of London reached $2.44 trillion in April, up 10 percent from the same month last year, thanks to increased turnover in sterling and the euro against the dollar, a semiannual survey by the Bank of England showed on Wednesday. In North America, however, daily currency volume fell in April from a year...

  • SAO PAULO, July 26- Most Latin American currencies edged higher on Wednesday as investors stuck to bets the Federal Reserve will stand pat on interest rates later in the day. Currencies from Brazil, Mexico, Chile and Colombia firmed between 0.1 and 0.4 percent as traders avoided making risky moves ahead of the Fed decision. Trading in Brazil's currency and...

  • NEW YORK, July 26- The dollar was steady on Wednesday, edging just above a 13- month low touched the previous session against a basket of major currencies, and trading in a tight range ahead of an announcement from the U.S. While traders saw virtually no chance that the Fed would raise U.S. overnight interest rates, the market was anxiously awaiting a statement from...

  • *Canadian dollar at C $1.2521, or 79.87 U.S. cents. Bond yields hit multi-year highs this week and U.S.- Canada 2- year bond yields spread have narrowed sharply since June. The currency traded between C $1.2502 and C $1.2528, slightly off the more than 14- month high of C $1.2481 reached on Tuesday.