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  • Dollar weakens as Yellen indicates no rush on rates Wednesday, 25 Feb 2015 | 3:22 PM ET

    The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.

  • Sterling steadies after hitting 8-week high Wednesday, 25 Feb 2015 | 1:00 PM ET

    LONDON, Feb 25- Sterling steadied after hitting an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared with its peers in Europe, which has helped drive British shares to record levels. The gains also seem broadly the product of a steadying of expectations for the Bank of England to deliver an interest...

  • KIEV, Feb 25- Ukraine's central bank banned most commercial currency trading for the rest of the week on Wednesday and jumped into the market to buy dollars, reversing a free-fall in the hryvnia that it called "irrational". At day's end the central bank announced it had bought $80 million at an official rate of 28.046 to the dollar, close to the rate at the start of the...

  • LONDON, Feb 25- More business in the world's giant bond and currency markets may move onto exchanges as part of structural changes underway amid a host of new regulation and official reviews, the Bank of England's Director for Markets Strategy said on Wednesday. Andrew Hauser heads the secretariat for the Fair and Effective Markets Review being conducted by...

  • *Greece debt deal supports euro but doubts persist. NEW YORK, Feb 25- The dollar fell against a basket of currencies on Wednesday on Federal Reserve Chair Janet Yellen's suggestion the U.S. central bank would not rush into raising interest rates, spurring traders to trim bullish dollar bets. Treasuries from recent highs, as Yellen's testimony to Congress...

  • Europe closes: Greek banks lower  Wednesday, 25 Feb 2015 | 11:27 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the latest debate in Greece.

  • Nice rally, but major indices seem stretched Wednesday, 25 Feb 2015 | 10:14 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Big indices are far above their 50-day moving averages. When these indices get too far from that average, there is a reversion to the mean.

  • KIEV, Feb 25- The value of Ukraine's free-falling hryvnia was in limbo on Wednesday after the central bank banned nearly all commercial currency trading until the end of the week, a decision denounced by the prime minister as bad for the economy. Exporters in Ukraine are required to sell 75 percent of their hard currency income. After later emergency talks with...

  • KIEV, Feb 25- Ukraine's central bank said the hyrvnia strengthened after it banned banks from trading currency on behalf of their clients, but the volumes were so small they gave little sign of the currency's true value. After no trades at all in the morning, the bank recorded $170,000 worth of trading at 12:30 pm at a rate of 24.00 hryvnia to the dollar.

  • LONDON, Feb 25- Royal Bank of Scotland said another two employees had been suspended as part of an investigation by the bank into failings in its foreign exchange business. RBS paid $634 million in fines to UK and U.S. authorities as part of the forex settlement, when authorities said traders had shared confidential information about client orders and...

  • KIEV, Feb 25- Ukrainian Prime Minister Arseny Yatseniuk denounced the central bank on Wednesday for banning most foreign currency trading for the rest of the week, saying the move was taken without consultation with the government and would harm the economy. Yatseniuk said he and Finance Minister Natalia Yaresko would seek an urgent meeting with President...

  • KIEV, Feb 25- Ukraine's central bank, which on Wednesday banned banks from trading currency on behalf of clients, reported the two first deals of the day at 12:30 pm at a rate of 24.00 hryvnia to the dollar, compared with the 31.63 Tuesday close. The total volume for the officially registered trades was only $170,000. The government has accused the central bank of...

  • LONDON, Feb 25- Emerging currencies strengthened versus the dollar on Wednesday and shares rose to 12- week highs, lifted by forecast-beating Chinese factory data and the Federal Reserve signaling it was in no rush to hike interest rates. Activity in China's factory sector edged up to a four-month high in February, while comments from Fed chair Janet Yellen...

  • UKRAINE CENTRAL BANK REPORTS FIRST CURRENCY TRADE OF THE DAY, AT 24.00 HRYVNIA TO THE DOLLAR, COMPARED TO 31.63 TUESDAY CLOSE.

  • Sterling tops $1.55 to hit 8-week high Wednesday, 25 Feb 2015 | 4:07 AM ET

    LONDON, Feb 25- Sterling touched an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared to its peers in Europe, which has helped drive British shares to record levels. In the past month it has also bounced 3 percent higher against China's yuan and dealers say sterling is benefiting broadly from the...

  • UPDATE 1-Rouble gains on risk appetite and monthly taxes Wednesday, 25 Feb 2015 | 3:59 AM ET

    MOSCOW, Feb 25- The Russian rouble was slightly stronger on Wednesday, helped by stronger global risk appetite and the onset of the monthly tax period when Russian companies convert forex, but Russian stock indexes fell as oil failed to hold above $60 per barrel. "Despite a large number of factors that are putting pressure on the Russian currency, in the form of...

  • *Yellen refrains from giving clear hint on rate hike timing. LONDON, Feb 25- The dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Janet Yellen suggested the central bank would not be rushed into kicking off the U.S. interest rate tightening cycle. "Some investors were positioned for more hawkish comments and they were...

  • KIEV, Feb 25- Ukraine's central bank stepped up controls on banks' access to foreign currency on Wednesday to try to stem the collapse of the hryvnia, preventing them from buying any for clients this week and limiting what they could buy for themselves. Ukraine has scrambled to introduce restrictions on foreign currency purchases to try to stop a fall in the...

  • Dollar slips as Yellen shows no rush to raise rates Wednesday, 25 Feb 2015 | 12:11 AM ET

    The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.

  • SINGAPORE/ TOKYO, Feb 25- The dollar edged down against the yen on Wednesday after Federal Reserve Chair Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle. In closely watched remarks before the U.S. Senate Banking Committee on Tuesday, Yellen said the Fed is preparing to consider interest rate hikes "on a...