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Foreign Exchange

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  • Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:37 AM ET
    Foreign exchange currencies.

    The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which.

  • FOREX-Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:12 AM ET

    LONDON, Jan 29- The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year. That prodded U.S. bond yields lower, but the overall picture, of a steadily improving U.S. economy while Europe and Japan remain mired...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...

  • MOSCOW, Jan 29- Russia's central bank said on Thursday it had sold 680 million roubles worth of foreign exchange on Jan. 27 on behalf of the Finance Ministry. It did not make any interventions on its own account. The central bank releases its interventions data with a time lag of two working days.

  • RUSSIAN C.BANK SAYS CONDUCTED 680 MLN ROUBLES OF FOREX MARKET INTERVENTIONS ON JAN 27.

  • Yuan eases, remains near weaker edge of trading band Wednesday, 28 Jan 2015 | 11:40 PM ET

    SHANGHAI, Jan 29- China's yuan eased on Thursday following a weaker midpoint, hovering a few points away from the weaker edge of the daily trading limit on expectations of further weakness. The Chinese currency has been steadily softening along with emerging market peers due to a resurgent dollar, as the outlook for the U.S. economy continues to bolster the case...

  • SYDNEY, Jan 29- The New Zealand dollar slumped to four-year lows on Thursday as investors priced in a greater chance of rate cuts there, while U.S. dollar bulls focused on the positive in the Federal Reserve's latest policy statement. The kiwi skidded to $0.7320 after the Reserve Bank of New Zealand opened the door to a possible cut in rates, having only last month...

  • Why surprise parties are central banks' new thing Wednesday, 28 Jan 2015 | 5:39 PM ET

    After years of carefully telegraphing their outlooks to the market, central bankers are loosening up with surprise parties, with Singapore the latest to jump in.

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • FOREX-Dollar holds gains, Fed remains patient on policy Wednesday, 28 Jan 2015 | 3:59 PM ET

    *Fed holds rates unchanged, repeats it is patient on policy. *New Zealand dollar drops to near four-year low. NEW YORK, Jan 28- The U.S. dollar strengthened on Wednesday in a broad advance that included gains against the euro and the Swiss franc, taking in stride the Federal Reserve's repeated message it remains "patient" in deciding when to raise interest rates.

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants are Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • Confused by currencies? Buy a Big Mac Wednesday, 28 Jan 2015 | 1:43 PM ET
    A McDonald's restaurant in Moscow.

    That's right. A McDonald's Big Mac can go a long way to helping to understand the world's currency conundrum. Here's how.

  • Even mightier dollar? Have no fear, analyst says Wednesday, 28 Jan 2015 | 1:19 PM ET

    Alan Ruskin of Deutsche Bank told CNBC that a stronger greenback will no doubt have some negative impact on earnings but it's not all bad.

  • Nintendo says slack console sales to hit profit Wednesday, 28 Jan 2015 | 12:15 PM ET

    Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.

  • FOREX-Dollar firms in cautious trade before Fed statement Wednesday, 28 Jan 2015 | 11:27 AM ET

    NEW YORK, Jan 28- The U.S. dollar made a tepid advance against the euro and the Swiss franc on Wednesday but fell against the yen before a monetary policy statement from the Federal Reserve. The Fed is expected to release a statement at 2 p.m. EST following a two-day meeting. "This is not so much about the Fed, but whether the U.S. economy can live with a stronger dollar,"...

  • St. Jude outlook lower on foreign exchange impact Wednesday, 28 Jan 2015 | 10:52 AM ET
    Illustration of St. Jude Medical's LibraXP device

    St. Jude Medical on Wednesday predicted that foreign-exchange headwinds would pressure its sales and dampen its outlook for the coming year.

  • *Cedi slumped 31 pct vs dollar last year. ACCRA, Jan 28- Ghana's central bank is ready to intervene "vigorously" this year to ensure a much more stable currency, a senior bank official said on Wednesday, after the cedi slumped 31 percent against the dollar in 2014.. Yao Abalo, head of treasury at Bank of Ghana, told Reuters that the central bank viewed the current pressure...

  • Jan 28- Retail currency broker FXCM Inc said it would forgive about 90 percent of its clients for negative balances after the Swiss central bank removed a cap on the value of the Swiss franc against the euro. FXCM's shares rose 8.4 percent to $2.59 in early trading. FXCM customers lost more than $200 million from the surging Swiss franc and the company was rescued...

  • Jan 28- Retail currency broker FXCM Inc said it would "forgive" about 90 percent of its clients for negative balances in certain jurisdictions as a result of the Swiss National Bank's decision to remove the cap on the Swiss franc.

  • Jan 28- KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash. Regulators in Britain are probing the $5 trillion- a-day foreign exchange market following allegations that bank traders used advance knowledge of client orders to try to manipulate foreign exchange benchmarks.