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The dollar hit fresh 3-1/2-year highs against the yen while the euro rose to nearly two-month peaks versus the Japanese currency.
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The dollar hit fresh 3-1/2-year highs against the yen while the euro rose to nearly two-month peaks versus the Japanese currency.
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Digital currency bitcoin has seen a spike in interest coinciding with a huge rally, but it has divided opinion greatly with analysts differing on whether it's an advancement in the monetary system or just a large ponzi scheme that should be avoided.
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Interest in bitcoins has reached fever pitch around the world helping the price soar to an all-time high earlier this week, and Finland is firmly tuned into the zeitgeist more so than even the U.S. or Japan.
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The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
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Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high.
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LONDON, April 4- Copper bounced from an 8- month low on Thursday as the euro recovered against the dollar but doubts remained over the prospects for industrial metals as physical demand remains weak and inventories are at multi-year highs.
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The dollar fell across the board on Wednesday after a report showed the US private sector created fewer jobs than expected last month, raising concerns that recovery has stalled.
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SHANGHAI, April 3- China and Australia will launch direct trading between the two currencies in Shanghai and Sydney within weeks to lower trade transaction costs, a foreign bank source with direct knowledge of the matter told Reuters on Wednesday.
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The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution ahead of a Bank of Japan meeting this week.
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Tom Levinson, foreign exchange strategist at ICAP, and Alan Higgins, chief investment officer at Coutts, tell CNBC why the euro has a negative outlook but the investor outlook is surprisingly positive.
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The dollar fell to a nearly four-week low against the yen on Monday as softer-than-expected US manufacturing data suggested the economy may have run out of steam at the end of the first quarter.
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SINGAPORE, April 1- Shanghai copper fell to its lowest level in more than eight months on Monday, pressured by a weak euro and new measures to douse China's red hot property sector, while the London Metal Exchange was closed, draining liquidity from the market.
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The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach.
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The euro rebounded from a recent four-month low against the dollar on Thursday, a trend analysts see as tenuous because investors continue to fret about the Cyprus crisis.
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The euro fell to a four-month low against the dollar on Wednesday, suffering from growing conviction that Cyprus's rescue will prove a template for future euro zone bailouts.
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*Euro slides to 4- mth low vs dollar on Italy, Cyprus worries. LONDON, March 27- Gold rebounded from earlier losses to above $1,600 an ounce on Wednesday, as poor economic data in the eurozone added to worries over the debt crisis in Cyprus, triggering some demand for safe havens.
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*Euro slides to 4- mth low vs dollar on Italy, Cyprus worries. LONDON, March 27- Gold fell for a fourth day on Wednesday, tracking losses in the euro and European shares after soft demand at an Italian debt auction added to worries over the debt crisis in Cyprus, while the dollar benefited from positive U.S. economic data.
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BEIJING, March 27- China's government said on Wednesday it would unveil new measures to further liberalise interest rate and exchange rate markets this year to stabilise and sustain economic growth. The remarks contained few details, but reinforce Beijing's intention to speed up financial liberalisation and support long-term growth.
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*Euro slides to four-month low vs dollar on Italy, Cyprus worries. *Gold in euros hits two-month highs* Spot silver drops to 3- week low on technical selling By Clara Denina.
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The euro hovered near a four-month low as mixed messages from European officials kept fears alive that Cyprus' decision to tax large bank depositors would set a bad precedent.