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Currencies Foreign Exchange

  • LONDON, March 21- Singapore remains the world's most expensive city to live in, a study showed on Tuesday, with two Japanese cities-- Tokyo and Osaka-- returning to the top 10 thanks to the strengthening of the yen. Almaty in Kazakhstan was the least expensive, followed by Lagos in recession-hit Nigeria. Europe was represented in the top 10 by four cities-- Zurich at three,...

  • *Canadian dollar at C $1.3270, or 75.36 U.S. cents. *Loonie touches its strongest since Feb. 28 at C $1.3270. Prices of oil, one of Canada's major exports, rose on expectations that an Organization of the Petroleum Exporting Countries-led output cut would be extended beyond June.

  • *Centrist Macron seen as victor in marathon TV debate. LONDON, March 21- The euro rose above $1.08 for the first time in six weeks on Tuesday as centrist Emmanuel Macron's performance in a TV debate fuelled expectations he would win the French presidency ahead of far-right rival Marine Le Pen in May. There has also been an easing of some of the perceived political...

  • LONDON, March 21- Sterling jumped almost 1 percent to its highest level in three weeks on Tuesday, after data showed British inflation in February above the Bank of England's 2 percent target for the first time since the end of 2013.. Strong consumer spending was behind the UK economy's surprising resilience in the months immediately following Britain's...

  • *Oil prices rise on OPEC talk. LONDON, March 21- The euro climbed to six-week highs and French bonds and stocks rallied on Tuesday after centrist Emmanuel Macron's performance in a television debate raised expectations he would win France's presidential election over the far-right's Marine Le Pen. Oil prices rallied almost 1 percent on talk that OPEC could...

  • LONDON, March 21- The euro briefly rose above $1.08 for the first time in six weeks on Tuesday as centrist Emmanuel Macrons performance in a TV debate fuelled expectations he would win the French presidency over far-right rival Marine Le Pen. Added to that has been an easing of some of the perceived political risks to the euro from populists like Le Pen, who wants to...

  • LONDON, March 21- Sterling rose against the dollar on Tuesday, as investors awaited data expected to show continued rising prices in Britain as the country readies to kick off divorce talks with the European Union next week. Strong consumer spending was behind the British economy's surprising resilience in the months immediately following the United...

  • LONDON, March 21- Sterling rose against the dollar on Tuesday, trading within a narrow range as investors awaited data expected to show continued rising prices in Britain as the country readies to kick off divorce talks with the European Union next week. Strong consumer spending was behind the British economy's surprising resilience in the months...

  • Paul Gruenwald, Asia Pacific chief economist at S&P Global, speaks about currency manipulation in Asian economies.

  • TOKYO, March 21- The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the perception that the U.S. central bank won't accelerate the pace of its interest rate hikes. France's coming two-round election on April 23 and May 7 remained in focus, with nearly 40 percent of voters saying they are...

  • *Fed's intended gradual pace of hikes disappoints dollar bulls. TOKYO, March 21- The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the perception that the U.S. central bank won't accelerate the pace of its interest rate hikes. The dollar index, which tracks the greenback against a basket...

  • *Canadian dollar settles at C $1.3354, or 74.88 U.S. cents. TORONTO, March 20- The Canadian dollar weakened slightly against its U.S. counterpart on Monday as lower oil prices offset strong trade data and investors weighed the G20's decision to avoid endorsing open trade. The Canadian dollar settled at C $1.3354 to the.

  • NEW YORK, March 20- The dollar hovered near a six-week low against a basket of currencies on Monday, weighed down by last week's interest-rate guidance from the U.S. "It's follow-through and a hangover from last week- the concept of a dovish Fed," said Brad Bechtel, managing director at Jefferies in New York. The post-meeting communique retained language on avoiding...

  • 100 dollar bills

    The dollar recovered slightly following reaction to a G20 summit dominated by Trump's protectionist bent extended last week's sales.

  • JOHANNESBURG, March 20- South Africa's rand rose to its strongest level in 19 months on Monday, extending gains to the fourth straight session as the U.S. A Reuters poll of 16 economists expects South Africa's fourth quarter current account deficit to narrow to 3.5 percent of gross domestic product compared with 4.1 percent the previous quarter.

  • NEW YORK, March 20- The dollar dipped to a six-week low against a basket of currencies on Monday, extending weakness from last week, following recent interest-rate guidance from the U.S. "It's follow-through and a hangover from last week- the concept of a dovish Fed," said Brad Bechtel, managing director at Jefferies in New York. The post-meeting communique retained...

  • Barclays and Morgan Stanley analysts have both raised their 1- year forecast to 99 cents from 95 cents while other dollar bulls including Bank of America Merrill Lynch, BNP Paribas and Goldman Sachs are at $1 or above. JP Morgan has the euro at $1.15 at year's end, while HSBC's David Bloom has been forecasting a bounce to $1.10 or beyond for months.

  • *Canadian dollar at C $1.3349, or 74.91 U.S. cents. TORONTO, March 20- The Canadian dollar weakened on Monday against its U.S. counterpart as lower oil prices offset strong domestic wholesale trade data, while investors weighed the G20's decision to drop a pledge to resist trade protectionism. Prices of oil, one of Canada's major exports, fell on concerns that...

  • For currency markets, the meetings of Group of 20 financial leaders added up to a renewed expression of concern about the United States' global trade relations and by implication the Trump White House's concern over the strong dollar. The post-meeting communique retained language on avoiding currency manipulation which has previously seemed aimed...

  • For currency markets, the meetings of Group of 20 financial leaders added up to a renewed expression of concern about the United States' global trade relations and by implication the Trump White House's concern over the strong dollar. The post-meeting communique retained language on avoiding currency manipulation which has previously seemed aimed...