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Currencies Foreign Exchange

  • LONDON, Feb 20- The pound rose against most major currencies on Monday, snapping a three-day fall versus the euro at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, has begun debating the bill which will pave the way for...

  • JOHANNESBURG, Feb 20- South Africa's Competition Commission has fined the local arm of Citigroup 69.5 million rand for its role in a foreign currency trading cartel, the regulator said on Monday. Following the announcement of the settlement Citibank N.A. South Africa said that it aimed to improve its internal systems and monitoring processes.

  • JOHANNESBURG, Feb 20- Citibank, N.A. South Africa said on Monday it aimed to improve its internal systems and monitoring processes after it agreed to pay a 69.5 million rand penalty for its role in a forex trading cartel.

  • CITI SAYS PLEASED FOREX PROBE SETTLED, TO IMPROVE INTERNAL SYSTEMS, CONTROLS, AND MONITORING PROCESSES.

  • JOHANNESBURG, Feb 20- South Africa's Competition Commission has reached an agreement with Citibank N.A. for its role in a forex trading cartel, the anti-trust watchdog said on Monday.

  • LONDON, Feb 20- The euro rode out signs of gains for far-right French presidential candidate Marine Le Pen on Monday, inching higher against the dollar and the yen in trade held in check by the absence of U.S. investors for a holiday. "This stuff is getting played out in the OAT yields rather than the currency," said the head of FX sales with one large international bank...

  • The euro recovered some ground against the dollar after talks aimed at finding a leftist unity candidate for France's election showed little sign of progress.

  • LONDON, Feb 20- The pound rose against most major currencies on Monday, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was set to begin debating the bill which will pave the way...

  • SHANGHAI, Feb 20- China tweaked its formula for setting daily reference midpoints for its yuan currency on Monday, three sources with direct knowledge of the matter said, in what was seen as authorities' latest move to help curb speculation in the currency. Global attention on China's exchange rate policy has intensified since its foreign exchange reserves...

  • LONDON, Feb 20- The euro recovered some ground against the dollar on Monday after weekend talks aimed at finding a leftist unity candidate for France's presidential election showed little sign of progress. News that Socialist Benoit Hamon and hard-left rival Jean-Luc Melanchon were discussing cooperation in their bid for the presidency weakened the euro...

  • TOKYO, Feb 20- A slide in U.S. bond yields pressured the dollar against the yen on Monday, while the euro struggled for traction after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections. Markets, already nervous over the possibility of a win for far-right, anti- European Union candidate Marine Le Pen, were...

  • TOKYO, Feb 20- The euro struggled for traction against the dollar and yen early on Monday after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections. Markets, already nervous over the possibility of a win for far-right, anti- European Union candidate Marine Le Pen, were jolted after two French hard-left...

  • An Indian man counts US dollar notes as he poses for a picture at the local currency exchange shop in Mumbai.

    The dollar finished the week just barely positive, and some strategists see the greenback heading lower as political uncertainty mounts.

  • South Africa, once a standout emerging market, is caught in the middle of a political hurricane that's adding to a downward economic spiral.

  • *Canadian dollar ends at C $1.3099, or 76.34 U.S. cents. *Loonie touches its weakest since Feb. 10 of C $1.3126. TORONTO, Feb 17- The Canadian dollar weakened against its U.S. counterpart on Friday, pressured by corporate selling ahead of a long weekend and broader gains for the greenback.

  • SAO PAULO, Feb 17- Latin American stocks and currencies fell on Friday as profit-taking in global equities following a recent rally triggered risk aversion. Currencies from oil-heavy economies, Colombia and Mexico, slipped as crude futures declined on concerns over global oversupply. Shares in Rumo Logística Operadora Multimodal SA, Brazil's largest rail...

  • The yen rose against major currencies as concerns about the upcoming French elections kindled safe-haven demand for the Japanese currency.

  • TORONTO, Feb 17- The recent strengthening of the Canadian dollar belies the threat of a proposed U.S. border adjustment tax that could slam the currency due to Canada's heavy reliance on exports to its southern neighbor, forex strategists and fund mangers say. They expect such a move would reduce the competitiveness of Canada's exports as well as pressure the...

  • NEW YORK, Feb 17- The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. "We are trading in this political policy vacuum," Mazen Issa, senior FX strategist at TD Securities in New York, said of the dollar.

  • NEW YORK, Feb 17- The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. The dollar improved versus most peers with the exception of the yen, leaving it little changed on the week following mildly hawkish...