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Currencies Foreign Exchange

  • NEW YORK, May 24- The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. "The minutes show that the Fed is going to be cautious and is in no rush to adopt a hawkish tone with respect to...

  • *Loonie touches its strongest since April 24 at C $1.3430. TORONTO, May 24- Canada's dollar strengthened to a one-month high against its U.S. counterpart on Wednesday after the Bank of Canada was more upbeat about the economy than some investors expected and as major oil producers looked set to possibly extend production cuts. "It's probably a bit more positive...

  • NEW YORK, May 24- The dollar hovered just above 6-1/ 2- month lows on Wednesday, as investors' focus shifted from U.S. politics to monetary policy ahead of the release of the minutes of the U.S. "The dollar has taken quite a beating over the last month," said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California. President Donald Trump's...

  • *Canadian dollar at C $1.3512, or 74.01 U.S cents. TORONTO, May 24- The Canadian dollar was little changed against its U.S. counterpart on Wednesday, holding onto recent gains ahead of an interest rate decision by the Bank of Canada and a possible extension of oil production cuts by major producers. barrel as investors waited for news from Vienna, where ministers...

  • LONDON, May 24- The dollar stayed pinned near 6-1/ 2- month lows on Wednesday, investors' focus shifting from U.S. politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month. Diminishing expectations of a promised fiscal boost to the U.S. economy from President Donald Trump and a...

  • LONDON, May 24- The dollar on Wednesday held above 6-1/ 2- month lows hit in previous days, as comments from a senior Federal Reserve official rekindled expectations of possible U.S. interest rate rises. The dollar had lost nearly all of its gains since the U.S. elections last November as investor hopes for a fiscal boost from President Donald Trump were dulled by a...

  • Moody's: Chinese economy more and more reliant on stimulus

    Moody's Investors Service downgraded China's credit rating to A1 from Aa3. Jane Foley, head of FX strategy at Rabobank, discusses what this means for other currencies.

  • LONDON, May 24- Britain's pound recovered a foothold on Wednesday after this week's fall from 8- month highs, with traders eyeing U.S. In a light week for data, a more detailed breakdown of UK GDP numbers for the first quarter is due on Thursday. Sterling was 0.1 pecent higher at $1.2972 and 86.18 pence per euro in morning trade in London.

  • TOKYO, May 24- The dollar held firm on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when...

  • *Dollar index pulls away from 6-1/ 2- month lows. TOKYO, May 24- The dollar held firm early on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers thanks to a rise in U.S. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when concerns over U.S. politics stemming from the Trump election campaign's suspected...

  • LONDON, May 24- Bond trading revenue at the world's top banks rebounded sharply in the first three months of the year as strong activity in credit and interest rate products eclipsed the lowest currency trading volume in over a decade, a survey showed on Wednesday. The period saw Donald Trump sworn in as U.S. president and an initial surge of investor optimism that...

  • *Loonie touches its strongest since April 24 at C $1.3457. In Canada, the Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday. The currency's weakest level of the session was C $1.3525, while it touched its strongest level since April 24 at C $1.3457.

  • *Wall Street rises as Trump federal budget plan released. *Sterling subdued after Manchester attack. NEW YORK, May 23- Oil prices inched up on Tuesday on expectations of a supply cut, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • NEW YORK, May 23- The dollar rose against a basket of major currencies on Tuesday as its worst week of losses in a year drove some profit taking and investors turned their attention to Wednesday's release of the minutes of the U.S. "It's a little bit of profit taking on some of the currency pairs," said Alfonso Esparza, senior currency analyst at OANDA in Toronto.

  • 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...