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LONDON, May 22- The dollar shed some of its recent gains against a basket of currencies on Wednesday as investors trimmed their bets on the currency before testimony from the U.S.
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LONDON, May 22- The dollar shed some of its recent gains against a basket of currencies on Wednesday as investors trimmed their bets on the currency before testimony from the U.S.
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CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.
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LONDON, May 22- The dollar shed some of its lofty gains against a basket of currencies on Wednesday, as investors trimmed favourable bets before testimony from the U.S. Ben Bernanke will deliver his testimony to Congress at 1400 GMT and is expected to strike a somewhat optimistic view of the economy.
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The dollar languished well below last week's 4-1/2-year high against the yen on Wednesday, ahead of testimony from the U.S. Federal Reserve chief.
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TOKYO, May 22- The dollar hovered some way below last week's 4-1/ 2- year high against the Japanese currency, after being dampened by hints from two U.S.
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SYDNEY, May 22- Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/ 2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, reversing some of Tuesday's 0.4 percent decline.
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TOKYO, May 22- The dollar edged down against the yen in early Asian trade on Wednesday, moving away from last week's 4-1/ 2- year high against the Japanese currency, after comments from two U.S.
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The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
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*Bernanke to testify before Congress on Wednesday. The euro rose 0.2 percent to $1.2906, having reached a session peak of $1.2933 and moving away from a six-week low of $1.2795 touched on Friday, according to Reuters data. Focus now shifts to Fed Chairman Ben Bernanke's testimony to Congress at 10 a.m. 1400 GMT) on Wednesday.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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*Gold's appeal hurt by fears the Fed will ease stimulus. (Recasts, updates prices, adds comments, adds byline, changes dateline NEW YORK/ LONDON, May 21- Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the U.S.
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*Bernanke to testify before Congress on Wednesday. NEW YORK, May 21- The U.S. dollar fell against the euro on Tuesday after St. Comments from Fed officials were closely watched ahead of Chairman Ben Bernanke's testimony to Congress on Wednesday.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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CNBC's Simon Hobbs reports the top business stories from Europe, as investors worry the U.S. Federal Reserve may taper its bond purchase program.
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*Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies. That has made Wednesday's release of minutes from the central bank's last meeting and Fed chairman Ben Bernanke's testimony in Congress the main focus for markets waiting for the first signs of a clear shift in attitude.
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NEW YORK, May 21- The dollar continued its advance against the yen on Tuesday after a Japanese minister watered down previous remarks suggesting the yen had weakened enough, but gains were capped before Wednesday's testimony from U.S. Bernanke testifies to Congress at 10 a.m. EDT and his words will be combed for clues on when the scheme might end.
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A slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the UK economy, and the yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough.
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LONDON, May 21- The dollar rose against the yen on Tuesday after a minister rowed back on remarks suggesting the Japanese currency had weakened enough, but gains were capped before testimony from the head of the U.S. central bank. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on when the scheme might end.
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LONDON, May 21- The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on the timing.