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  • TOKYO/ SYDNEY, June 22- The dollar erased its early modest gains on Wednesday while sterling stood tall on the eve of Britain's referendum on whether to remain in the European Union. "Some banks are not in the market today, or they are just in for commercial orders, ahead of the vote, so dollar/yen will be rangebound for a while," said Kaneo Ogino, director at foreign...

  • SHANGHAI, June 22- The yuan was up slightly against the dollar on Wednesday, though a lower official mid-point and uncertainty ahead of Britain's referendum on whether to remain in the European Union capped gains. Right now, all the focus is on Britain's referendum, "said a trader at a Chinese commercial bank in Shanghai. If Britain chooses to leave, that could give...

  • SHANGHAI, June 22- China and Hong Kong shares rose on Wednesday morning, as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothe market sentiment. In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added 0.4 percent.

  • BENGALURU, June 22- Gold hovered near its lowest in over a week on Wednesday as Asian stocks rose amid indications that Britain would vote to remain in the European Union. That came after two opinion polls on Monday suggested it was increasingly likely Britain would choose to stay in the EU. A vote on June 23 by Britain to leave the 28- member EU, dubbed "Brexit," could...

  • Brexit Markets

    While the Brexit vote is tipped towards remain, there could still be outstanding issues after the vote, says Union Bancaire Privee's Kieran Calder.

  • *All eyes on Britain's EU referendum. TOKYO/ SINGAPORE, June 22- Asian stocks edged up on Wednesday as nervous investors counted down to Britain's make-or-break European Union referendum, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes added to a subdued mood in markets. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • TOKYO, June 22- Japan's Nikkei share average dropped on Wednesday, snapping a three-day winning streak as investors took profits from recent gains against a background of nerves over Thursday's Brexit referendum. Recent opinion polls have mostly shown a shift towards keeping Britain in the European Union, but there are signs that momentum has stalled for the'...

  • *China considers allowing local banks to trade offshore yuan. MELBOURNE, June 22- London copper held its ground on Wednesday ahead of Britain's referendum on its future in the European Union, with caution setting in following a rise in risk-appetite in recent days on polls suggesting the country was increasingly likely to remain an EU member.

  • TOKYO, June 22- Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute showed a larger than expected draw on stocks. Earlier it rose to as high as $50.54, marking the first time it had risen above $50 since June 10. Brent crude futures were up 4 cents at $50.66 a barrel, after...

  • SINGAPORE, June 22- Chicago corn edged higher on Wednesday after hitting a near one-month low earlier in the session, facing headwinds from improving prospects for the U.S. crop. After the close, the CME Group, parent of the Chicago Board of Trade, said it would change the daily trading limit in corn to 40 cents a bushel for Wednesday's session, expanding from the...

  • BENGALURU, June 22- Gold hovered near its lowest in over a week on Wednesday as the dollar and Asian stocks remained steady on increasing indications that Britain would vote to remain in the European Union. *A vote on June 23 by Britain to leave the 28- member EU, dubbed "Brexit," could tip Europe back into recession, putting more pressure on the global economy, thereby...

  • MELBOURNE, June 22- London copper held its ground on Wednesday as caution took hold ahead of Britain's referendum over whether to leave the European Union, after risk appetite had climbed in recent days on polls suggesting Britain was more likely to stay. *Shanghai Futures Exchange copper traded up 0.5 percent at 35,880 yuan a tonne. *Asian stocks were steady on...

  • TOKYO, June 22- Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute showed a larger than expected draw on stocks. U.S. crude futures' August contract, the new front month from Wednesday, had climbed 35 cents to $50.20 a barrel by 0039 GMT. Brent crude futures were up 25...

  • *All eyes on Britain's EU referendum. TOKYO, June 22- Asian stocks were steady on Wednesday as nervous investors counted down to Britain's make-or-break EU referendum, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes added to a subdued mood in markets. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent...

  • US Fed

    The Fed's mandate has expanded to include financial stability since the 2008 financial crisis, HSBC's Frederic Neumann says.

  • SYDNEY, June 22- The dollar clung onto modest gains early on Wednesday after Federal Reserve Chair Janet Yellen held the line of "gradual increases" in U.S. rates, while sterling's short-covering rally lost momentum a day ahead of Britian's EU referendum. The euro dipped to $1.1255, peeling away from a two-week peak of $1.1383 set on Monday. In testimony before...

  • WEDNESDAY, JUNE 22 BANGKOK- Bank of Thailand monetary policy committee meeting- 0730 GMT. THURSDAY, JUNE 23 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT. Speakers: Hungarian central bank Chief Economist Daniel Palotai and Managing Director Barnabas Virag- 0700 GMT.

  • WEDNESDAY, JUNE 22 WASHINGTON- Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee at its "Monetary Policy and the State of the Economy" hearing- 1400 GMT. FRANKFURT- European Central Bank Governing Council meeting. THURSDAY, JUNE 23 NEW YORK- Federal Reserve Bank of Dallas President Rob Kaplan speaks on "Economic...

  • WASHINGTON, June 21- The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen...

  • US Markets

    The Fed should not be concerned with market valuations, just jobs and inflation, says MFS Investment Management's Jim Swanson.