Currencies Foreign Exchange

  • Financial markets in Australia, Hong Kong and many major countries in Europe are closed on Monday for the Easter holiday. The dollar was lackluster against the loonie as crude oil prices rose more than 2 percent following a Washington Post report the United States is likely to ask all importers of Iranian oil to end their purchases or will be subject to U.S....

  • CAIRO, April 21- Sudan's central bank on Sunday strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, state news agency SUNA reported. It said the measure coincided with the sharp rise in the price of the pound against the dollar on the parallel market. Saudi Arabia and the United Arab Emirates on Sunday said they had agreed to send Sudan $3 billion...

  • *Markets are quiet due to Good Friday Easter holiday. TOKYO, April 19- The dollar steadied against a basket of currencies on Friday after hitting a 2-1/ 2- week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. Many financial markets were closed for the Good Friday Easter holiday.

  • *Canada February retail sales up 0.8%. April 18- The Canadian dollar slipped against its U.S. counterpart on Thursday, as data showing a rise in Canadian retail sales was overshadowed by strong U.S. retail sales numbers that pointed to a relatively stronger U.S. economy. Canadian retail sales grew by 0.8% in February from January to C $50.62 billion, largely as a...

  • NEW YORK, April 18- The U.S. dollar gained to its strongest level against the euro in over a week on Thursday as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. The picture was less bullish in the euro zone as data showed that activity in Germany's manufacturing sector shrank for a fourth straight month in...

  • *Canada February retail sales up 0.8%. April 18- The Canadian dollar fell against its U.S. counterpart on Thursday, as data showing a rise in Canadian retail sales was overshadowed by strong U.S. retail sales numbers that pointed to a relatively stronger U.S. economy. Canadian retail sales grew by 0.8% in February from January to C $50.62 billion, largely as a result...

  • *Sterling finishes week with drop below $1.30. LONDON, April 18- Sterling fell on Thursday as the dollar's rally gathered momentum, with strong British retail sales data doing little to shake the currency out of a slumber following a six-month extension to Brexit. Wild swings in the pound subsided last week when European Union leaders granted Britain the Brexit...

  • The picture was less bullish in the Eurozone as data showed that activity in Germany's manufacturing sector shrank for a fourth straight month in April, while a similar survey from France also painted a bleak picture. In the space of several hours we got a timely reminder that the growth leadership is very decisively in favor of the U.S. dollar, said Richard...

  • LONDON, April 18- Nigeria's current policy of multiple exchange rates for its currency, the naira, is working well, and the central bank is unlikely to change it anytime soon, the government's information minister said. Nigeria has maintained multiple exchange rates since currency controls were introduced in 2015 to counter the impact of falling prices for...

  • Dominic Schnider of UBS Wealth Management discusses currencies including the Australian dollar and the U.S. dollar. He says the story for the U.S. dollar will start to weaken as growth slows into 2020.

  • *Indonesia's rupiah, shares rise on election optimism. *Turkey's lira slips on FX reserves worry. Indonesia's rupiah and stocks bucked the gloom after early election results indicated incumbent leader Joko Widodo is set to be re-elected, giving him another five years to deliver on a reform agenda and revive economic growth.

  • Recent data out of Europe have indicated an economy struggling to grow, prompting policymakers to push into 2020 the timing for their first interest rate increase and investors to shed their euro holdings. Data this week from China, a big source of demand for European factories, has indicated growing signs of strength in the world's second-biggest economy.

  • BEIJING, April 18- China's foreign exchange regulator said on Thursday the U.S. China will prevent risks in its cross-border capital flows, and ensure safety of its forex reserves, Wang Chunying, spokeswoman for the State Administration of Foreign Exchange, said in a news conference. China will improve channels for investing in its interbank bond market and...

  • BEIJING, April 18- China's foreign exchange regulator said on Thursday the U.S. China will prevent risks in its cross-border capital flows, and ensure safety of its forex reserves, Wang Chunying, spokeswoman for the State Administration of Foreign Exchange, said in a news conference. China will improve channels for investing in its interbank bond market and...

  • *Trade deficit falls in February to C $2.9 billion. TORONTO, April 17- The Canadian dollar was little changed against its U.S. counterpart on Wednesday, pulling back from an earlier four-week high as investors doubted that a pick-up in domestic underlying inflation would be sustained. Canada's annual inflation rate edged up to 1.9% in March from 1.5% in February,...

  • NEW YORK, April 17- The greenback weakened against the euro on Wednesday as better-than-expected economic growth data in China bolstered risk appetite and a day ahead of the release of closely watched economic data for the euro zone. Risk sentiment seems to have improved overnight on the back of the strong Chinese data, said Shaun Osborne, chief FX strategist at...

  • LONDON, April 17- Sterling struggled to make much headway on Wednesday after data showed British prices rose slightly slower than expected in March, easing the pressure on the Bank of England to tighten monetary policy. The pound dipped slightly from around $1.3055 to $1.3040 after the inflation numbers were published. Against the euro, sterling extended its...

  • *European shares flat, Juve thumped after Champions League exit. Though Europe struggled to join in, MSCI's 47- country world index was at a six-month high, benchmark bond yields shuffled up and the Aussie dollar, which tends to be highly sensitive to China's fortunes, did the same. With Wall Street also waiting for results from the likes of Morgan Stanley, the Euro...

  • The currency has been dogged by a dovish Reserve Bank of Australia but it rose above $0.72 for the first time since Feb. 21, after data showed China's economy grew 6.4 percent in the first quarter. Australia's dollar is sensitive to the economic fortunes of China, its biggest trading partner. "It is becoming very clear again this morning what really matters for the...

  • April 17- Emerging market shares and currencies firmed on Monday after China's economic growth for the first quarter rose unexpectedly, but gains were limited as doubts remain if it may still be too early to call it a recovery. MSCI's index of emerging market shares climbed 0.3 percent to hover near ten months highs, while its currency index rose 0.2 percent, with...