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Foreign Exchange

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  • SINGAPORE/ SYDNEY, April 16- The Australian dollar gained a lift from strong Australian jobs data, while the greenback struggled to gain traction after weak U.S. output data added to uncertainty over the timing of a Federal Reserve interest rate rise. The Australian dollar climbed 0.9 percent to $0.7752 as upbeat Australian jobs data prompted the market to...

  • HONG KONG, April 16- Hong Kong banks have started to cut yuan deposit rates following robust southbound trading flows under a stock connect scheme between Shanghai and the former British colony. The flow of funds into Hong Kong is expected to shore up the shrinking offshore yuan pool, which has been under pressure as the weakness of the Chinese currency had...

  • BEIJING, April 16- It will not be easy for China to grow its economy by 7 percent this year, Chinese Premier Li Keqiang was quoted by the Financial Times as saying on Thursday, a day after data showed economic growth hit a six-year low in the first quarter. Li was also quoted as saying that China cannot rely on devaluing its currency to lift sales of Chinese exports, and...

  • FOREX-Dollar keeps low profile as CAD takes centre stage Wednesday, 15 Apr 2015 | 7:23 PM ET

    *Bank of Canada surprises with relatively hawkish spin. SYDNEY, April 16- The dollar nursed modest losses against the yen and euro early on Thursday, but suffered bigger falls versus commodity currencies led by the Canadian dollar. The loonie jumped to three-month highs of C $1.2280 per USD after the Bank of Canada surprised markets yet again, this time by...

  • No more visas for Chinese investors   Wednesday, 15 Apr 2015 | 4:50 PM ET
    No more visas for Chinese investors

    The wait list for U.S. the Immigrant Investor Program, which Congress created to stimulate the economy, is growing. CNBC's Robert Frank and the Closing Bell panel, give perspective.

  • NEW YORK, April 15- The U.S. dollar slipped against a basket of major currencies on Wednesday after weak U.S. economic data led traders to buy back the euro and sell the dollar on uncertainty over the timing of the Federal Reserve's first interest rate hike in nearly a decade. "The softer U.S. economic data that we've been seeing recently could delay market...

  • Dollar loses gains amid Fed Beige Book release Wednesday, 15 Apr 2015 | 4:16 PM ET

    The dollar traded lower across the board after an earlier rebound versus the euro amid the ECB's reiteration of its dovish stance on monetary policy.

  • Wake up! There's a slow meltup going on Wednesday, 15 Apr 2015 | 2:04 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Earnings season has begun, but instead of falling apart because of the negative earnings environment, the S&P has rallied 1.25 percent since Alcoa reported.

  • MOSCOW, April 15- Russia's central bank said on Wednesday it does not yet consider it necessary to tame the rouble's recent strength by intervening in the foreign exchange market. Battered by falling oil prices in the second half of 2014 and Western sanctions imposed on Moscow for its role in the Ukraine crisis, the currency fell briefly to an all-time low of 80...

  • *Banks, Intel boost Wall Street. NEW YORK, April 15- European shares hit a 14- year high and the euro fell on Wednesday after the European Central Bank affirmed its loose policy stance, while U.S. stocks rallied after several strong earnings reports. U.S. stocks rallied, helped by better-than-expected results from banks JPMorgan Chase and Wells Fargo and earnings...

  • *Banks, Intel boost Wall Street. NEW YORK, April 15- European shares hit a 14- year high and the euro fell on Wednesday after the European Central Bank affirmed its loose policy stance, while U.S. stocks rallied after several strong earnings reports. U.S. stocks rallied, helped by better-than-expected results from banks JPMorgan Chase and Wells Fargo and earnings...

  • European markets close: Draghi speaks   Wednesday, 15 Apr 2015 | 11:20 AM ET
    European markets close: Draghi speaks

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the European Central Bank meeting, where Draghi denied a bubble in the European sovereign debt market.

  • NEW YORK, April 15- The U.S. dollar rebounded against the euro on Wednesday after the European Central Bank reiterated its dovish stance on monetary policy, though weaker-than-expected U.S. economic data limited the dollar's advance. The European Central Bank has no plans to curb or curtail its money-printing program, although it expects the euro zone...

  • The 2015 IPO business finally gets going Wednesday, 15 Apr 2015 | 10:11 AM ET
    Etsy

    Initial public offering activity in the first quarter of 2015 was at half the levels for deals in the same period of last year.

  • EBS sets sights on running central system for FX fix Wednesday, 15 Apr 2015 | 10:05 AM ET

    LONDON, April 15- Currency trading platform EBS has been approached by major banks to provide a computerized system removing much of the human element behind a scandal over the manipulation of currency benchmarks by lenders, a senior EBS manager said. Such a facility has been discussed for some time as a way of reducing the risk of sensitive client order...

  • LISBON, Portugal— Vacations in Europe have a new attraction: the euro's steep drop in value is making the continent much cheaper for tourists from across the world, especially the United States and China. That means the ingredients are in place for "a great year for tourism" in Europe, says Nick Greenfield, head of tour operator relations at the London- based European...

  • The governing Federal Council said Wednesday that there's no sign of a serious crisis, despite conceding that the Swiss economy is expected to cool this year and unemployment to rise slightly. The Swiss National Bank abruptly abandoned Jan. 15 a policy of preventing the euro from trading below 1.20 francs, causing an immediate surge in the Swiss currency.

  • China headed for even slower growth?   Wednesday, 15 Apr 2015 | 6:06 AM ET
    China headed for even slower growth?

    CNBC's Eunice Yoon reports on China's slowest GDP growth in 6 years.

  • UK's economic 'manure' is set to explode: SocGen bear Wednesday, 15 Apr 2015 | 5:25 AM ET

    One closely-watched financial analyst has launched a scathing attack on the country's finances and predicted another crisis for its currency.

  • LONDON, April 15- The euro fell against the dollar on Wednesday before a policy meeting at which the European Central Bank is likely to reiterate its dovish policy bias despite a recent pick-up in economic activity. Draghi may also address Greece's debt problems at his press conference scheduled for 1230 GMT. The euro was down 0.4 percent at $1.0610 and pared its...