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The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
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SHANGHAI, March 26- China's yuan retreated on Tuesday from the record-high touched a day earlier, and traders expect only marginal appreciation in the weeks ahead. People's Bank of China has clearly signaled it will permit the currency to appreciate this year, despite fears of a currency war touched off by the sharp drop in the Japanese yen since late last year.
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The euro fell against US dollar and Japanese yen Monday as brief enthusiasm brought on by Cyprus' deal with its international lenders swiftly segued into broader fears about the banking sector.
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*Hopes for Cyprus deal boost euro and other risk currencies. SHANGHAI, March 25- China's yuan closed at its highest level ever on Monday after the central bank set a firmer midpoint in response to hopes that Cyprus will avoid a banking crisis, but traders remained cautious about betting on further appreciation.
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China's yuan hit a record high on Monday after the central bank set a firmer midpoint in response to hopes that Cyprus will avoid a banking crisis, but traders remained cautious about betting on further appreciation.
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*Hopes for Cyprus deal boost euro and other risk currencies. SHANGHAI, March 25- China's yuan hit a record high on Monday after the central bank set a firmer midpoint in response to hopes that Cyprus will avoid a banking crisis, but traders remained cautious about betting on further appreciation.
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The euro rose against the dollar on Friday, posting its first weekly gain in seven weeks on hopes Cyprus will find a solution before Monday to avert a financial meltdown.
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*The most-traded July copper contract on the Shanghai Futures Exchange fell 0.34 percent to 55,840 yuan a tonne. *The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone.
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The yen surged against the dollar and euro on Thursday as fears of a financial meltdown in Cyprus spurred investors to sell riskier trades.
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WASHINGTON, March 20- A bipartisan group of U.S. lawmakers began a new attempt on Wednesday to pass legislation that puts pressure on China to change its currency practices, reviving an effort that previously failed to make it to the finish line.
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The US dollar rallied after a decision by the Federal Reserve to continue its aggressive monetary easing fueled optimism about the US economic recovery.
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The bill is similar to legislation that passed the House of Representatives in 2010 and the Senate in 2011, but which died in Congress before it could reach President Barack Obama's desk to sign into law. Treasury Secretary Jack Lew was wrapping up a two-day visit to China, where he pressed Beijing to allow the yuan to rise further against the dollar.
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Treasury Secretary Jack Lew wrapped up a two-day visit to China on Wednesday having reopened dialogue on pressing issues of economic reform but saying more action is needed on China's exchange rate.
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Treasury Secretary Jack Lew wrapped up a two-day visit to China on Wednesday having reopened dialogue on pressing issues of economic reform but saying more action is needed on China's exchange rate.
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The euro dropped to near a four-month low against the US dollar on Tuesday and looked poised to extend losses as uncertainty about Cyprus reignited fears about the euro zone currency.
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*Cyprus parliament likely to reject plans agreed by eurozone officials. LONDON, March 19- Copper fell to a near seven-month low on Tuesday, extending losses for a fifth straight session as investors worried about a possible bank default in Cyprus and as the euro slid.
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*Cyprus parliament likely to reject plans agreed by eurozone officials. *Euro falls to 3- month low vs dollar on Cyprus problems. LONDON, March 19- Copper and aluminium rebounded from four-month lows on Tuesday, as some investors went bargain-hunting on an expected revival of demand from the United States and top metals consumer China.
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*Cyprus parliament likely to reject plans agreed by eurozone officials. LONDON, March 19- Copper steadied, but remained near four-month lows on Tuesday as equities and the euro sank versus the dollar on investor nervousness about a potential banking collapse in Cyprus.
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*Cyprus parliament likely to reject plans agreed by eurozone officials. LONDON, March 19-- Copper fell to a four-month low on Tuesday as the dollar rose and the euro and equities sank on investor nervousness about a potential banking collapse in Cyprus.
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John Rutledge, SAFAND chief investment strategist, provides insight on the challenges facing Lew on his first trip to China as Treasury Secretary, amid recent reports of cyberattacks, and currency convertibility issues.
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Monetary policy could be set to change in the U.K. when George Osborne unveils his latest budget, but any alterations to the Bank of England's remit could sink the sterling even further, analysts told CNBC.