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Currencies Foreign Exchange

  • The dollar struggled to recover ground against other major currencies on Tuesday.

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • LONDON, May 23- Sterling stayed subdued on Tuesday, hovering below seven month-highs against the dollar as investors awaited further developments in Britain's suspended election campaign after a suicide bombing rocked the English city of Manchester. Britain's main political parties agreed to suspend campaigning ahead of the June 8 election until...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • *Wall Street rises as Trump federal budget plan released. *Euro dips; sterling subdued after Manchester attack. NEW YORK, May 23- Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • *Sterling recovers after dip on Manchester attack. "The noise around the political situation in the U.S. is keeping a lid on the dollar," said Brad Bechtel, managing director FX at Jefferies in New York. President Donald Trump's recent firing of FBI Director James Comey, who was overseeing a probe into possible links between the president's team and Russia, and...

  • *Loonie touches its strongest since April 24 at C $1.3457. The data points to a "healthy increase" in gross domestic product for the month, CIBC Capital Markets economist Nick Exarhos said in a research note. The price of oil, one of Canada's major exports, rose as expectations that the Organization of the Petroleum Exporting Countries and other producers will...

  • LONDON, May 23- Shares climbed and the euro hit a six-month month high before running out of steam on Tuesday, as the latest economic data made for encouraging reading, especially in Germany. Investors continued to grapple with U.S. uncertainty as President Donald Trump's first full budget plan loomed, and a suicide bombing in Britain subdued the pound.

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar struggled to recover ground against other major currencies on Tuesday as stronger German data and low 10- year U.S. "U.S. political risk obviously has came very much to the front of market attention in the past week," said Lee Hardman, a currency economist with Japan's MUFG in London.

  • ZURICH, May 23- Switzerland's trade surplus narrowed to its lowest level since the Swiss franc's surge rocked the country more than two years ago, as its industrial sector continued to struggle with the strong currency and pharmaceuticals exports slowed. In January 2015 the Swiss National Bank scrapped its long-standing limit on the franc versus the euro,...

  • *Sterling falls after Manchester bomb kills 22. LONDON, May 23- The euro set a new six-month month high on Tuesday and the region's shares made gains as the latest economic data made for some encouraging reading, especially in Germany. The euro climbed as high as $1.12680 to beat the previous day's high by a whisker, while London FTSE, Frankfurt's DAX and the CAC in...

  • LONDON, May 23- Sterling slipped against the dollar on Tuesday, with a suicide bombing in the English city of Manchester and concerns over the ruling Conservative Party's campaign for next month's election putting the currency on the defensive. The pound fell as low as $1.2954 in morning trade in London, down 0.3 percent on the day, before recovering to trade only...

  • LONDON, May 23- Sterling slipped against the dollar on Tuesday, with a suicide bombing in the English city of Manchester and concerns over the ruling Conservative Party's campaign for next month's election putting the currency on the defensive. The pound fell as low as $1.2954 in morning trade in London, down 0.3 percent on the day, before recovering to trade only...

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar dipped against the basket of currencies that measures its broader strength on Tuesday, low 10- year U.S. "The 10- year Treasury yield is down 2 basis points and that is feeding through to the dollar underperforming," said Sam Lynton-Brown, a currency strategist with BNP Paribas in London.

  • *Asia stocks drop after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak."