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Currencies Foreign Exchange

  • In wide-ranging comments made at a rally with supporters on Tuesday, Trump signaled he might end the North American Free Trade Agreement with Mexico and Canada to jumpstart negotiations on modernizing the deal. At 9:38 a.m. EDT, the Canadian dollar was down 0.2 percent at C $1.2589 to the greenback, or 79.43 U.S. cents. The currency traded within a narrow range of...

  • LONDON, Aug 23- The euro held near the day's highs on Wednesday, propped up by strong readings on German and French PMI surveys though analysts warned the single currency's gains could be short-lived due to concerns about heavy one-sided bets. In a speech in Germany on Wednesday, Draghi steered clear of market-sensitive comments. PMI data from Germany and France...

  • The euro's gains on strong private sector growth data from Germany remained muted.

  • No fireworks from Draghi in the immediate future: TS Lombard

    Ken Wattret, managing director of global macro at TS Lombard, reacts to a speech from European Central Bank President Mario Draghi.

  • Medium term trend of euro appreciation

    Ken Wattret, managing director of global macro at TS Lombard, weighs in on the euro zone economy.

  • LONDON, Aug 23- The euro edged higher on Wednesday, recovering from the day's lows, though gains on strong private sector growth data from Germany remained muted as investors braced for speeches from European Central Bank President Mario Draghi this week. "I don't expect Mario Draghi to say anything substantial on policy direction with just a few weeks before...

  • *Focus on Aug. 24-26 Jackson Hole symposium. President Donald Trump raised the spectre of a government shutdown to fulfil a campaign pledge, but overall moves among major currencies were limited ahead of this week's Jackson Hole global central bankers' conference. "Investors are focusing much more on the upcoming Jackson Hole conference than on anything Trump...

  • *Focus on Aug. 24-26 Jackson Hole symposium. *ECB's Draghi to speak in Germany later on Wednesday. The market will probably go into a holding pattern for now, ahead of the Jackson Hole symposium, he added.

  • *Asia stocks draw support from overnight Wall Street rally. TOKYO, Aug 23- Asian stocks edged higher on Wednesday to extend a global rally spurred by gains for tech shares on Wall Street and miners in Europe, while the dollar was buoyant against the euro and yen ahead of a meeting of central bankers later in the week. Asia took its cues from Wall Street, which saw the Dow...

  • Chinese policymakers oppose "irrational" overseas real estate buys, but they have not stopped all transactions, notes Nicholas Holt, Asia-Pacific head of Research, Knight Frank.

  • *Canadian dollar at C $1.2568, or 79.57 U.S. cents. TORONTO, Aug 22- The Canadian dollar was marginally weaker against its U.S. counterpart on Tuesday despite firmer oil prices, as the greenback rallied ahead of the annual Jackson Hole conference of global central bankers. "Canadian data has persistently surprised on the upside," said Mazen Issa, senior FX strategist...

  • NEW YORK, Aug 22- The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference this week. "The heavy short positioning on the dollar and some of the foreign growth momentum stabilizing,...

  • *Italy yield jumps 9 bps to three-week high. LONDON, Aug 22- Italian government bond yields jumped on Tuesday, stretching the gap with German peers to a five-week high, in the wake of proposals to introduce a parallel currency in Italy that have upped the ante for elections due next year. The report highlights concerns about broader anti-euro sentiment in Italy, the...

  • *Germany's investor confidence index falls. NEW YORK, Aug 22- The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference later this week. Caution and position-squaring ahead of the...

  • LONDON, Aug 22- Broad gains for the dollar pushed sterling back towards lows from early July on Tuesday, the British currency weighed down by an uncertain economic outlook that has quashed expectations of a rise in Bank of England interest rates. "The UK is front and centre of the press with ongoing developments. In a market that is this quiet, one could argue that it...

  • *Canadian dollar at C $1.2543 or 79.73 U.S. cents. TORONTO, Aug 22- The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Tuesday after robust domestic retail sales data for June bolstered expectations the Bank of Canada could raise interest rates in October. "Positioning makes it challenging for the CAD rally to persist but lack of...

  • *Italy yield jumps 8 bps to three-week high. LONDON, Aug 22- Italian government bond yields jumped on Tuesday, stretching the gap with German peers to a five-week high, in the wake of proposals to introduce a parallel currency in Italy that have upped the ante for elections due next year. The report highlights concerns about broader anti-euro sentiment in Italy, the...

  • LONDON, Aug 22- The euro fell against the dollar on Tuesday, retracing most of its overnight gains as a broadly resurgent greenback prompted investors to square positions in a thin market before a central bank conference this week. "Our bias in these thin markets is to sell the euro on rallies against the dollar as we think underlying positioning is still quite...

  • 100 dollar bills

    The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline.

  • *Graphic: sterling and gilt yields http://bit.ly/2dgAXn1. LONDON, Aug 22- Gains for the dollar pushed sterling back towards lows from early July on Tuesday, the British currency weighed down by an uncertain economic outlook that has quashed expectations of a rise in Bank of England interest rates. "Not much of a reaction to that," said a trader at one London- based...