Currencies Foreign Exchange

  • NEW YORK, Jan 19- The dollar rose on Thursday against a basket of currencies even though it fell against the euro, as solid labor and housing data backed the case for strong U.S. economic growth. The euro fell early after a press conference from European Central Bank chief Mario Draghi who pointed to sagging inflation and the need for further monetary policy...

  • WASHINGTON, Jan 19- The U.S. Treasury would recommend China be considered a currency manipulator if Beijing began unfairly managing the yuan's value, President-elect Donald Trump's nominee to run the Treasury department, Steven Mnuchin, said on Thursday. Asked in a U.S. Senate hearing if he would recommend Trump formally designate China a currency...

  • The dollar climbed on Thursday as solid U.S. data reinforced a theme of robust U.S. economic growth.

  • *Finance minister repeats UK will need to stay competitive. *PM May speaks at Davos, says wants ambitious trade deal. LONDON, Jan 11- The pound took advantage of a cautious-sounding European Central Bank head Mario Draghi on Thursday to hit a 10- day high against the euro, and stabilised against the dollar after a rollercoaster few days of Brexit-related swings.

  • *Wall Street falls, European stocks pare losses. NEW YORK, Jan 19- The dollar rose against the euro on Thursday after comments from the European Central Bank chief, while U.S. Oil futures rallied from one-week lows after the International Energy Agency said crude markets were tightening.

  • NEW YORK, Jan 19- The dollar climbed on Thursday as solid U.S. data reinforced a theme of robust U.S. economic growth, while the euro fell after European Central Bank chief Mario Draghi alluded to sagging inflation and the need for further monetary policy assistance. That helped the dollar add to Wednesday's gains that followed remarks from Federal Reserve Chair...

  • *Loonie touches its weakest since Jan. 4 at C $1.3324. TORONTO, Jan 19- The Canadian dollar weakened to a two-week low against its U.S. counterpart on Thursday, one day after the Bank of Canada left the door open to cutting interest rates, as broader gains for the greenback offset higher oil prices and firm domestic data. Prices of oil, one of Canada's major exports,...

  • A construction worker walks through the inside of a viewing platform, the the Capitol, for the presidential inauguration for incoming US President-elect Donald Trump

    Traders have gone from the Trump hope to Trump doubt, or maybe the Trump reality.

  • MOSCOW, Jan 19- Russia may start buying foreign currency if oil prices allow, the central bank said on Thursday, but the amount of forex it buys monthly would not exceed additional revenues it gets from oil prices exceeding the level pencilled into budget plans. The central bank did not provide any timing for interventions on the currency market.

  • LONDON, Jan 19- Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar. "Essentially the big part is how much they will actually hike this year- instead of two it could be three now," said Simon Quijano-Evans, emerging markets...

  • *Asian shares slip, Japan bucks trend. LONDON, Jan 19- The dollar rebounded, Asian shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signalled a path of steady interest rate increases for the world's largest economy. The European Central Bank was set to meet as the euro recovered some of the...

  • LONDON, Jan 19- The dollar held firm against most of its major rivals on Thursday after a speech by Federal Reserve Chair Janet Yellen halted its worst run in five months by promising a "few" rises in U.S interest rates this year. The greenback gained as much as 2 percent on Wednesday after Yellen's speech, which turned investors back to the narrative of strong growth...

  • BEIJING, Jan 19- China's foreign exchange regulator said on Thursday the country's forex reserves were ample and it has plans to deal with cross-border capital flows, even as bank forex sales in December climbed to their highest in nearly a year. "In the future, we believe China's foreign exchange reserves have conditions to fluctuate up or down within a...

  • TOKYO, Jan 19- The dollar kept broad gains against its major rivals on Thursday, after rebounding sharply overnight on comments by Federal Reserve Chair Janet Yellen suggesting U.S interest rates could be raised quickly this year. President-elect Donald Trump's inauguration on Friday. The greenback was little changed at 114.670 yen.

  • TOKYO, Jan 19- The dollar inched up against the yen and kept broad gains against other major peers early on Thursday, after rebounding sharply overnight on comments by Federal Reserve Janet Yellen suggesting U.S interest rates could be raised quickly this year. President-elect Donald Trump's inauguration on Friday. The pound, which had jumped 3 percent on...

  • TOKYO, Jan 19- The dollar inched up against the yen and kept broad gains against other major peers early on Tuesday, after rebounding sharply overnight on comments by Federal Reserve Janet Yellen suggesting U.S interest rates could be raised quickly this year. President-elect Donald Trump's inauguration on Friday. The pound, which had jumped 3 percent on...

  • *Dollar rises after hitting lowest since Dec. 8. NEW YORK, Jan 18- The dollar rose on Wednesday, boosted by comments from Federal Reserve Chair Janet Yellen that suggested the U.S. central bank was ready to raise overnight interest rates quickly in the coming year. It fell to its lowest since Dec. 8 on Tuesday.

  • 100 dollar bills

    Investors eyed an upcoming speech by the head of the Federal Reserve and U.S. inflation data for clues on the path of interest rates.

  • *Loonie touches weakest since Jan. 11 at C $1.3235. TORONTO, Jan 18- The Canadian dollar weakened to a one-week low against its U.S. counterpart on Wednesday as oil fell and Bank of Canada Governor Stephen Poloz kept alive prospects of an interest rate cut. The remark pressured the loonie to its weakest since Jan. 11 at C $1.3235 to the greenback.

  • LONDON, Jan 18- Sterling fell on Wednesday as investors locked in profits after its biggest one-day surge since at least 1998 in the previous session when Prime Minister Theresa May outlined Britain's hopes for its exit from the European Union. Sterling sliced 0.9 percent off the 3- percent gain it had made against the dollar on Tuesday, leaving it back at...