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  • FOREX-Dollar licks its wounds after Fed gores bulls Wednesday, 18 Mar 2015 | 10:59 PM ET

    TOKYO/ SYDNEY, March 19- The dollar nursed hefty losses on Thursday, having suffered its biggest one-day fall against the euro in six years after the Federal Reserve struck a much more dovish than expected tone on interest rates while highlighting the currency's drag on U.S. exports. It recovered some ground to last stand at 120.13 yen, slightly higher on the day.

  • SINGAPORE, March 19- Gold extended gains on Thursday to its highest level in nearly two weeks as the dollar tumbled after the Federal Reserve signaled a slower pace of U.S. interest rate hike and caution on U.S. economic growth. *Spot gold gained 0.6 percent to $1,174.26 an ounce by 0041 GMT, after earlier climbing to $1,175.05, its highest since March 9.

  • FOREX-Dollar in vicious reversal after Fed stuns bulls Wednesday, 18 Mar 2015 | 6:50 PM ET

    SYDNEY, March 19- The dollar nursed hefty losses on Thursday having suffered its biggest one-day fall in six years after the Federal Reserve struck a dovish tone on interest rates while highlighting the currency's drag on U.S. exports. "The U.S. dollar remains at risk of facing a larger correction over the near term," said David Song, currency analyst at DailyFX.

  • NEW YORK, March 18- Citigroup Inc is committed to meeting its 2015 performance targets for return on assets and efficiency, Chief Executive Officer Mike Corbat said on Wednesday. Corbat announced the two goals for this year in March 2013. Citigroup executives met repeatedly with Federal Reserve officials after the defeat and won approval last week for a new...

  • New York, March 18- A majority of Wall Street's top banks now see the Federal Reserve holding off until at least September before raising interest rates for the first time since 2006 after the U.S. central bank on Wednesday downgraded its assessment on the economy and forecast a gentler path of rate hikes over the next two years. Just two weeks ago, the top...

  • NEW YORK, March 18- U.S. Treasuries yields sank on Wednesday, with short-dated note yields posting their biggest daily declines in six years, after investors interpreted the latest Federal Reserve statement and comments from Fed Chair Janet Yellen as dovish. "The market was expecting a dovish outcome, but this was more than the market expected," said Priya Misra,...

  • March 18- The Federal Reserve has proved once again that investors can ditch the dog: they have a friend in the U.S. central bank. Fed Chair Janet Yellen even did U.S. companies, and their stockholders, a favor by drawing a line between the strong dollar and suppressed exports and inflation. "The word' patient' was removed, but the meaning of patient remained," Ward...

  • NEW YORK, March 18- The dollar plunged across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. The dollar also dropped 3 percent versus the Swiss franc, posting its worst daily performance since Jan. 15,...

  • Yellen says inquiry into 2012 Fed leak ongoing Wednesday, 18 Mar 2015 | 4:36 PM ET

    March 18- The U.S. central bank's internal watchdog is probing an alleged leak of confidential information from a 2012 meeting, Federal Reserve Chair Janet Yellen confirmed on Wednesday in her first public comments on the matter. In early October 2012, Medley Global Advisors told its clients the details of a key Fed meeting a day before the Fed released its own...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signaling it is in no rush to push borrowing costs to more normal levels. "Just because we removed the word' patient' from the statement doesn't mean we're going to be impatient," Fed...

  • *Indexes up: Dow 1.3 pct, S&P 1.2 pct, Nasdaq 0.9 pct. NEW YORK, March 18- U.S. stocks rallied on Wednesday after the Federal Reserve suggested a less aggressive timeline for raising interest rates even as it opened the door for the first hike in almost a decade. "By lowering its expectations for the pace at which rates will rise, it sent a clear signal that it is in no hurry to...

  • GLOBAL MARKETS-U.S. shares, oil jump after Fed statement Wednesday, 18 Mar 2015 | 3:39 PM ET

    *Wall Street stocks rise after Fed relieves rate hike worries. NEW YORK, March 18- Stocks on Wall Street surged and oil prices jumped as much as 5 percent on Wednesday after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates even as it moved toward its first rate hike in almost a decade. Stocks on Wall Street rebounded...

  • US STOCKS-Wall St surges as Fed statement offers relief Wednesday, 18 Mar 2015 | 3:31 PM ET

    *Indexes up: Dow 1.3 pct, S&P 1.4 pct, Nasdaq 1.2 pct. NEW YORK, March 18- U.S. stocks rallied on Wednesday after the Federal Reserve cut its expected pace of growth and inflation, suggesting a less aggressive timeline for raising interest rates even as it opened the door for the first rate hike in almost a decade. "By eliminating' patient' from its guidance it removed an...

  • NEW YORK, March 18- Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalizing U.S. interest rates despite being open to the first rate hike in almost a decade. Brent closed up $2.40, or 4.5 percent, at $55.91 a barrel, after rallying more than $3 after the Fed statement.

  • NEW YORK, March 18- The dollar tumbled across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. As expected, the U.S. Central Bank dropped the word "patient" from its statement in terms of raising interest...

  • *SPDR Gold Trust dropped 0.4 pct on Tuesday. NEW YORK/ LONDON, March 18- Gold prices surged more than 2 percent on Wednesday, on track for the biggest rally since January after the Federal Reserve signaled a more cautious outlook for U.S. economic growth, and the dollar tumbled. "The Fed is now on the launching pad at Cape Canaveral; however, whether the mission is Apollo...

  • US STOCKS-Wall St jumps as Fed statement relieves worries Wednesday, 18 Mar 2015 | 2:36 PM ET

    NEW YORK, March 18- U.S. stocks climbed on Wednesday, reversing course as the Federal Reserve moved a step closer to its much-anticipated first rate hike since 2006 by removing "patient" from its language. "Some may have been fearing a more hawkish Fed, and that explains the rally we're seeing right now," said John Carey, portfolio manager at Pioneer Investment...

  • WASHINGTON, March 18- The Federal Reserve on Wednesday opened the door further for an interest rate hike as early as June, ending its pledge to be "patient" in normalizing monetary policy. But the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the...

  • *Prices for new homes in China fell at record pace in Feb. LONDON, March 18- Copper took its biggest fall since late January on Wednesday, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in U.S. interest rates. In China there was more evidence of economic weakness after prices for...

  • NEW YORK, March 18- Stocks on Wall Street slipped and shares in Europe rose on Wednesday, reflecting diverging policies between the Federal Reserve and the European Central Bank, while oil prices fell as data showed U.S. crude inventories hit a record high. The FTSEurofirst 300 index of top European shares rose 0.33 percent to close at a provisional 1,589.07,...