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Currencies Foreign Exchange

  • *Canadian dollar at C $1.3333, or 75 U.S. cents. TORONTO/ OTTAWA, March 29- The Canadian dollar strengthened against its U.S. counterpart on Wednesday as the price of oil, one of Canada's major exports, rose for the second day in a row. "We're seeing oil prices really rally after the better-than-expected inventories report this morning so that's been the main driver of...

  • 100 dollar bills

    The euro fell to $1.0741 following the report, its lowest since March 21.

  • An "iShares by Blackrock" sign on the front of the New York Stock Exchange.

    In 1997, when I first came to the NYSE, there were 5,000 people on the floor of the New York Stock Exchange.

  • LONDON, March 29- Sterling slipped against the dollar after a choppy day of trading on Wednesday, receiving no clear direction from Britain's formal triggering of its exit from the European Union. Prime Minister Theresa May began Britain's divorce procedure from the EU earlier in the day, declaring there was no turning back and ushering in a tortuous process...

  • *Sterling dips as Britain formally launches Brexit. NEW YORK, March 29- The dollar rose to its highest in more than a week on Wednesday on outlooks for U.S. and European interest rates and as investors saw the selloff on U.S. The euro fell to $1.0741 following the report, its lowest since March 21.

  • LONDON, March 29- Sterling hit day's highs against the dollar before quickly retreating in choppy trade on Wednesday, with Britain's formal triggering of its departure from the European Union providing the currency with no clear direction. By 1330 GMT, though, sterling had slipped back to $1.2411, leaving it down a third of a percent on the day and in the middle of...

  • *Canadian dollar at C $1.3380, or 74.74 U.S. cents. TORONTO, March 29- The Canadian dollar was little changed on Wednesday against its broadly stronger U.S. counterpart as prices of oil, one of Canada's major exports, rose for the second straight day. trading at C $1.3380 to the greenback, or 74.74 U.S. cents, slightly stronger than Tuesday's close of C $1.3383, or 74.72...

  • LONDON, March 29- Sterling hit day's highs against the dollar before quickly retreating in choppy trade on Wednesday, with Britain's formal triggering of its departure from the European Union providing the currency with no clear direction. By 1330 GMT, though, sterling had slipped back to $1.2411, leaving it down a third of a percent on the day and in the middle of...

  • *Sterling dips as Britain formally launches Brexit. LONDON, March 29- The dollar pulled away from 4-1/ 2- month lows on Wednesday after solid data backed expectations for more U.S. interest rate hikes this year, while sterling dipped as Britain moved to launch its exit from the European Union. It managed to crawl off a low of 98.858 hit earlier this week, its weakest...

  • *Rand, government bonds weaker on Gordhan uncertainty. *ANC Youth League says cabinet changes are routine. JOHANNESBURG, March 29- South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack finance minister Pravin Gordhan following the funeral this afternoon of anti-apartheid icon Ahmed Kathrada.

  • LONDON, March 29- European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union. Prime Minister Theresa May will notify EU Council President Donald Tusk in a letter that Britain really is quitting the bloc it joined in...

  • Traders look at their screens at the stock exchange in Frankfurt, Germany, June 24, 2016, after Britain voted to leave the European Union in the EU BREXIT referendum.

    Money managers should be ready for "a lot of inefficiency" and currency fluctuations as Prime Minister Theresa May kicks off the official process of the U.K.'s exit from the European Union, a legal expert has told CNBC.

  • LONDON, March 29- Sterling slipped to an eight-day low against the dollar on Wednesday, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the bloc it joined in...

  • LONDON, March 29- Sterling slipped to an eight-day low against the dollar on Wednesday, just hours before Prime Minister Theresa May was due to trigger two years of negotiations to take Britain out of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk that the UK really is quitting the bloc it joined in...

  • LONDON, March 28- While banks warn Britain's European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has left inside the bloc. A company wanting to insure its revenues or financial investments against further falls in the currency could pay 4.8 percent on Tuesday, back...

  • LONDON, March 29- European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day. Prime Minister Theresa May will notify EU Council President Donald Tusk in a letter that Britain really is...

  • *Australia stocks highest since mid-2015, Asia up modestly. *Pound under pressure as UK formally starts Brexit. The good cheer did not extend to the pound which was on the skids as the British government sent a letter to Brussels formally starting the country's exit from the European Union.

  • TOKYO, March 29- The dollar pulled away from 4-1/ 2- month lows against a currency basket on Wednesday after solid data backed expectations for more U.S. interest rate hikes this year, while sterling was knocked by Britain triggering its exit from the European Union. It managed to crawl off a low of 98.858 plumbed earlier this week, its weakest level since Nov. 11, in...

  • *Australia stocks highest since mid-2015, Asia up modestly. *Pound under pressure as UK formally starts Brexit. The good cheer did not extend to the pound which was on the skids as the British government sent a letter to Brussels formally starting the country's exit from the European Union.

  • TOKYO, March 29- The dollar pulled away from 4-1/ 2- month lows against a currency basket on Wednesday as solid data backed expectations for more U.S. interest rate hikes this year, while sterling was knocked by concern about Britain's impending exit from the European Union. The healthcare stumble raised doubts that Trump would be able to carry out his fiscal...