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  • ABUJA, Nov 25- Nigeria's central bank devalued the naira and raised interest rates by 100 basis points on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency hit by weaker oil prices. The bank moved the target band of the currency to 160- 176 naira to the U.S. dollar, compared with 150- 160 naira previously, owing to prolonged naira...

  • MOSCOW, Nov 25- The Russian rouble reversed earlier gains on Tuesday, breaking a five-day winning streak as a cautious mood prevailed ahead of a key OPEC meeting on Thursday. At 1305 GMT, the rouble was 1.2 percent weaker against the dollar at 45.54 and 1.1 percent weaker at 56.59 versus the euro. The rouble had risen for each of the preceding five sessions, against...

  • MOSCOW, Nov 25- A senior Russian central bank official said on Tuesday that Western sanctions limiting Russian banks and companies' access to international capital markets were creating "imbalances" on the currency market that were difficult to resolve. Igor Dmitriev, head of the bank's monetary policy department, also told the lower house of parliament that...

  • LAGOS, Nov 25- Nigeria's central bank sold dollars outside its preferred currency band at its forex auction on Monday, signalling it could shift the band to weaken the naira after its policy meeting on Tuesday, dealers said. The central bank usually sells dollars at its twice weekly forex auctions at 150- 160 naira, a band it adopted in November 2011 after a decline...

  • LONDON, Nov 25- The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high and as the dollar struggled to make much headway before a second reading of U.S. growth data. The dollar last traded 0.3 percent lower at 117.96 yen, while the euro was down 0.4 percent at 146.44 yen. "We saw inflows from investors and exporters...

  • LONDON, Nov 25- Kingfisher, Europe's No. 1 home improvement retailer, posted an 11.8 percent decline in third quarter profit, hurt by a weak French market and foreign currency movements. The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, said on Tuesday it remained cautious on the outlook, especially in France, and would...

  • The contrarian FX calls you need to know     Tuesday, 25 Nov 2014 | 1:45 AM ET

    Thanos Vamvakidis, head of European G10 FX strategy at Bank of America Merrill Lynch Global Research, discusses his best contrarian currency calls to move away from the crowded U.S. dollar trade.

  • *Oct. 31 easing aimed at eradicating deflation mindset-Kuroda. NAGOYA/ TOKYO, Japan, Nov 25- Bank of Japan Governor Haruhiko Kuroda on Tuesday stressed the bank's readiness to expand stimulus further to meet its price goal, standing firm in the face of criticism that last month's monetary easing has accelerated unwelcome falls in the currency.

  • FOREX-Euro steadies after German survey, Aussie slips Monday, 24 Nov 2014 | 10:30 PM ET

    SYDNEY/ TOKYO, Nov 25- The euro steadied on Tuesday after it rebounded against the dollar, thanks to a short squeeze that followed an encouraging improvement in German business sentiment. Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went down the path of...

  • SYDNEY, Nov 25- The euro clung to modest gains early in Asia on Tuesday, having benefited from a short squeeze following an encouraging rebound in German business sentiment. Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went down the path of printing money to...

  • *China may cut rates again on deflation fears- sources. NEW YORK, Nov 24- The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official that cast doubts on whether the bank will take aggressive stimulus measures in the near future. "It looks like there's some discord within the ECB...

  • Euro rises on German data, ECB's Weidmann's remarks Monday, 24 Nov 2014 | 3:14 PM ET

    The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official.

  • *China may cut rates again on deflation fears-sources. NEW YORK, Nov 24- The euro rose against the dollar and yen on Monday due to encouraging German business data and remarks from a top European Central Bank official that cast doubts on whether the bank will take aggressive stimulus measures in the near future. "It looks like there's some discord within the ECB...

  • Bond guru Jeffrey Gundlach, the CEO of DoubleLine Capital, said he expects the U.S. Federal Reserve to raise rates in 2015, but not on the strength of economic fundamentals.

  • *China may cut rates again on deflation fears-sources. China might be ready to lower interest rate again after Friday's surprise rate cut in an effort to stem deflation, sources familiar with its policymaking told Reuters. As China, Europe and Japan were seen likely pursuing further policy easing, the U.S.

  • LONDON, Nov 24- The euro inched up against the dollar on Monday after a stronger-than-expected German business survey offered some respite, though it stayed close to a two-year low on bets of more easing in the euro zone. On Friday European Central Bank chief Mario Draghi threw the door open for more drastic measures as he stressed that "excessively low" inflation...

  • LONDON, Nov 24- The euro flirted with a two-year trough against the dollar on Monday as investors bet the European Central Bank would ease monetary policy more aggressively to ward off deflation in the stuttering euro zone. Draghi's comments saw the euro lose more than 1.2 percent on Friday- its biggest daily fall in 2-1/ 2 months- and it dropped further in early...

  • *Sources say China ready to ease further after rate cut. SYDNEY, Nov 24- Asian share markets followed the dollar higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was matching 28- month lows in early trade having shed 1.2 percent on Friday when European...

  • *Aussie holds gains after surprise China rate cut. SYDNEY, Nov 24- The euro flirted with a two-year trough against the dollar early on Monday and was broadly weaker as investors gave the common currency a wide berth on prospects of more easing from the European Central Bank. Selling continued in Asia on Monday, with the euro slipping towards $1.2359, just a whisker...

  • European markets close: European gains     Friday, 21 Nov 2014 | 11:29 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB President Mario Draghi's policy comments, and China's interest rate cut.