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  • Slow it down! Don't fast track the TPP Friday, 22 May 2015 | 12:46 PM ET
    Slow sign on walkway

    Obama may want to take his foot off the gas when it comes to the TPP trade deal, says the Fletcher School's Bhaskar Chakravorti.

  • CARACAS, Venezuela— Venezuelans are dumping their rapidly depreciating currency at an ever quicker pace as the crisis-plagued economy edges dangerously close to an outbreak of hyperinflation. That was down from 300 bolivars per dollar on May 14 and 173 at the start of the year. A Barclay Capital Inc. report issued Friday pointed to government expansion of the...

  • European markets close: Vodafone up over 8%   Friday, 22 May 2015 | 11:30 AM ET
    European markets close: Vodafone up over 8%

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including why shares of Vodafone are higher.

  • NEW YORK, May 22- The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report that indicated underlying pressures are building and thereby bolstering the case for the U.S. "Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see," said Brian Daingerfield, currency strategist at the...

  • LONDON, May 22- Sterling fell sharply against the dollar on Friday, after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target later this year. Sterling fell 0.9 percent against the dollar to $1.5520, well off a five-month high of $1.5815 struck on May 14.

  • LONDON, May 22- Sterling hovered near a 7- year high against a trade-weighted basket of currencies on Friday, buoyed by recent data bolstering a view that the British economy was outperforming its peers. The currency had taken a knock earlier this week after UK inflation fell below zero in April for the first time in 55 years. "Aside from inflation risks, the UK...

  • Euro-US divergence   Friday, 22 May 2015 | 4:30 AM ET
    Euro-US divergence

    Ian Stannard, head of European FX strategy at Morgan Stanley, discusses the current performance in the FX markets, in particular the euro dollar.

  • FOREX -Dollar surge cools, eyes on Yellen, inflation Friday, 22 May 2015 | 3:50 AM ET

    LONDON, May 22- The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day. Dealers said there might be little appetite for another big move ahead of UK and US public holidays on Monday. The yen was up around a quarter of a...

  • SINGAPORE/ TOKYO, May 22- The dollar edged lower versus a basket of major currencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers. Against the yen, the dollar sagged slightly after the Bank of Japan maintained its massive monetary stimulus, as expected, and slightly revised up its assessment of...

  • TOKYO, May 22- Asian shares rose early on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time this week on downbeat U.S. data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent with South Korean...

  • FOREX-Dollar nurses losses after U.S. data disappoints Thursday, 21 May 2015 | 8:19 PM ET

    *Profit-taking emerges ahead of UK, US holidays. SYDNEY/ TOKYO, May 22- The dollar nursed modest losses early on Friday, after snapping three days of gains as unimpressive data prompted light profit-taking ahead of speeches by major central bankers and holidays in Britain and the United States. In Asia, the Bank of Japan's policy review at the conclusion of its...

  • May 21- Bank of New York Mellon Corp will pay $180 million to settle a foreign exchange-related putative class action lawsuit, the bank said in a regulatory filing on Thursday. BNY Mellon said the settlement will release the bank from all foreign exchange-related securities law claims brought against it or its affiliates in the suit. Federal and New York state...

  • Gap's 1Q profit down 8 percent on currency fluctuations Thursday, 21 May 2015 | 4:03 PM ET

    NEW YORK— Gap Inc. reported an 8 percent decline in its first-quarter profit, as results were hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores. The San Francisco- based company, however, stuck with its annual profit outlook Thursday. The company's Old Navy brand has been a bright spot, while it's trying to turn...

  • Dollar weakens against euro for first time in week Thursday, 21 May 2015 | 3:17 PM ET

    The U.S. dollar weakened against the euro on Thursday for the first time this week.

  • Forex scandal: After big bank fines, what's next? Thursday, 21 May 2015 | 1:00 PM ET
    Currency exchange rates

    After the record bank fines in the forex-trading scandal, here's what needs to happen now, says Warwick Dean and former forex trader Mark Taylor.

  • Sterling surges after UK retail sales boost Thursday, 21 May 2015 | 12:01 PM ET

    LONDON, May 21- Sterling powered to a two-month high against the euro and erased much of this week's loss against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April. "With the recent uptick in the housing market after a winter lull, and consumer confidence at its highest for several years, there's good reason to...

  • European markets close relativity flat   Thursday, 21 May 2015 | 11:26 AM ET
    European markets close relativity flat

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a meeting with EU leaders.

  • FOREX-Dollar weakens against euro for first time in week Thursday, 21 May 2015 | 10:34 AM ET

    NEW YORK, May 21- The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some economic data disappointed. "People are reluctant to put on strong dollar positions," said Sebastien Galy, senior foreign exchange analyst at Societe Generale...

  • NEW DELHI, May 21- India's central bank is working to liberalize its foreign exchange rules to make it easier to do business with Asia's third-largest economy, Deputy Governor H.R. Khan said on Thursday, a step that could support flagging exports. "We have got a positive response from the RBI and it could soon issue directions to banks," said S.C. Ralhan, president of...

  • NEW YORK, May 21- The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors burnt by a dramatic selloff over the past month were reluctant to enter new positions, and as euro zone activity showed nascent signs of recovery. "People are reluctant to put on strong dollar positions, so they are lagging what you can see in terms of...