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Foreign Exchange

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  • 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...

  • FOREX-Euro boosted by data, rise in Bund yields Thursday, 21 May 2015 | 7:36 AM ET

    LONDON, May 21- The euro rose against the dollar on Thursday for the first time this week, helped by nascent signs of a recovery in euro zone activity and a rise in German Bund yields which narrowed the spread over U.S. Despite the drop, data compiler Markit said, the euro zone is on track to grow at 0.4 percent in the current quarter. The euro touched a high of $1.1182, up...

  • LONDON, May 21- Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month. But the sales figures eased concerns that a slowdown in Britain's economy in the first quarter might be the start of a longer period of...

  • LONDON, May 21- The euro rose against the dollar for the first time in four days on Thursday, helped by signs of a recovery in French business activity, although a slowdown in Germany's private sector kept gains limited. Markit's flash composite Purchasing Managers' Index for Germany, which tracks manufacturing and services activity accounting for more than...

  • MOSCOW, May 21- Russia's central bank said on Thursday it had bought $200 million of foreign currency on the market on May 19, the maximum daily amount it has been buying to top up its reserves. The bank said last week it would buy anywhere between $100- $200 million worth of forex daily to replenish its reserves, which have fallen substantially since early last year...

  • Dollar not far from 2-week high Thursday, 21 May 2015 | 1:35 AM ET

    The dollar stepped back but held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.

  • Dollar not far from 2-week high Thursday, 21 May 2015 | 1:15 AM ET
    The U.S. dollar and Euro currencies

    The dollar stepped backbut held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.

  • SYDNEY/ TOKYO, May 21- The dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the U.S. "The sentiment is turning favourable on the dollar after all the position-unwinding has been done," said a trader at a Japanese bank in Tokyo. "Although they contained no outright...

  • *Flash PMIs for China and Japan in focus. SYDNEY, May 21- The dollar traded near a two-week peak against a basket of major currencies early on Thursday, having held on to most of its gains after closely watched minutes from the Federal Reserve's April meeting contained no major surprises. The dollar was particularly bid against the euro, which sank heavily on...

  • *Barclays fined $2.4 bln, fires 8 employees. Citi, Barclays, JP Morgan and RBS plead guilty. Citigroup Inc, JPMorgan Chase& Co, Barclays Plc, UBS AG and Royal Bank of Scotland Plc were accused by U.S. and UK officials of brazenly cheating clients to boost their own profits using invitation-only chat rooms and coded language to coordinate their trades.

  • Do ETFs pose a 'systemic risk?' Wednesday, 20 May 2015 | 2:14 PM ET
    Trader on the floor of the New York Stock Exchange.

    Do ETFs pose a risk to the marketplace in times of high volatility? Possibly, but there are no specific accusations.

  • Big banks plead guilty, fined $5.7B on rate rigging Wednesday, 20 May 2015 | 1:33 PM ET
    Barclays Capital office building in New York.

    Five of the world's largest banks were fined, and four pleaded guilty to U.S. criminal charges over foreign exchange manipulation.

  • GLOBAL MARKETS-Greek warning knocks euro, stocks steady Wednesday, 20 May 2015 | 1:12 PM ET

    *Greece won't make June 5 IMF repayment without deal-official. Treasuries inched up on safe-haven buying caused by worries that Greece may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless foreign lenders distribute more aid. The Greek parliamentary speaker said Athens will not make the June 5 payment unless it...

  • NEW YORK/ LONDON, May 20- Citigroup Inc and JPMorgan Morgan Chase& Co are receiving regulatory waivers to allow them to continue to quickly issue new securities and continue doing business with mutual funds and exchange-traded funds, according to two people familiar with the matter. Barclays Plc, another bank that agreed to plead guilty on Wednesday to U.S....

  • In FX rigging: "If you ain't cheating, you ain't trying" Wednesday, 20 May 2015 | 1:07 PM ET

    LONDON, May 20- Foreign exchange traders clubbed together in a brazen "heads I win, tails you lose" strategy to rip off customers as they rigged the $5 trillion- per-day currency market, British and U.S. authorities said on Wednesday. A Barclays employee was quoted as saying in 2010: "markup is making sure you make the right decision on price... which is whats the worst...

  • FOREX-Dollar's gains spurred by ECB's bond buying plans Wednesday, 20 May 2015 | 11:39 AM ET

    *Eyes on Fed, ECB meeting on Greece. NEW YORK, May 20- The dollar hit a three-week high against the euro and a two-month peak versus the yen on Wednesday, extending a rebound rally underpinned by European Central Bank plans to frontload its quantitative easing program in a move to keep interest rates low. "The ECB has taken the wind out of the euro's sails," said Mark...

  • GLOBAL MARKETS-Euro slips on Greek worries, stocks steady Wednesday, 20 May 2015 | 11:38 AM ET

    *Greece won't make June 5 IMF repayment without deal-official. Treasuries inched up on safe-haven buying caused by worries that Greece may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless foreign lenders distribute more aid. The Greek government's parliamentary speaker said on Wednesday that Athens will not...

  • May 20- Six big banks agreed to pay $5.7 billion to U.S. and UK authorities on Wednesday over allegations they rigged currency markets, taking the industry's bill for the scandal to more than $10 billion. JPMorgan, Citigroup, UBS, Barclays and RBS agreed settlements with the U.S. Department of Justice. Barclays was also slapped with fines from other UK and U.S....

  • European markets close: Greece, Burberry & more   Wednesday, 20 May 2015 | 11:22 AM ET
    European markets close: Greece, Burberry & more

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the ECB meeting on Greece, and Burberry earnings.