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Currencies Foreign Exchange

  • *Canadian dollar at C $1.2419, or 80.52 U.S. cents. TORONTO, Jan 18- The Canadian dollar steadied against its American counterpart on Thursday, after volatile trading the day before when the Bank of Canada raised interest rates, as investors shrugged off worries that the United States will pull out of NAFTA. On Wednesday, the Bank of Canada raised its benchmark...

  • The payment includes a $63.1 million fine plus $38.4 million in restitution to a corporate client, according to a deferred prosecution agreement filed on Thursday with the U.S. District Court in Brooklyn, New York. In October, a federal jury in Brooklyn convicted Mark Johnson, the former head of HSBC's global foreign exchange cash trading desk, of trading ahead...

  • NEW YORK, Jan 18- The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies, prompted by concerns over a possible U.S. government shutdown as lawmakers struggled to cobble together a federal budget deal. "Politics are sabotaging economics," said Boris Schlossberg, managing director of FX strategy at BK Asset Management...

  • ST. MORITZ, Switzerland, Jan 18- More than a dozen billionaires flocked to the Swiss ski resort of St. Moritz this week to meet up with blockchain entrepreneurs, fund managers and government officials to discuss investing into the burgeoning cryptocurrency scene. But that didn't appear to deter some investors at the exclusive three-day Crypto Finance...

  • *Pound pauses after briefly rising above $1.39. *Traders focus on improved Brexit outlook, UK economy. LONDON, Jan 18- Sterling climbed above $1.39 on Thursday for the first time since Britain's vote to leave the European Union and was on track for a fifth consecutive week of gains against the U.S. currency- its longest winning streak since mid-2014.

  • NEW YORK, Jan 18- The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies amid concerns over a possible U.S. government shutdown as lawmakers struggled to cobble together a federal budget deal. "Politics are sabotaging economics," said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New...

  • Trump said that terminating the North American Free Trade Agreement would result in the "best deal" to revamp the 24- year-old trade pact with Canada and Mexico in favor of U.S. interests. The future of NAFTA future was the most significant downside risk cited by the Bank of Canada on Wednesday, in an otherwise bullish report on the outlook for Canada's economic...

  • *South Africa holds rates, as expected. PRETORIA, Jan 18- South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday, saying that risks to inflation were still on the upside despite a recent strengthening of the rand currency. But since then inflation slowed to close to the mid-point of the bank's target range of 3 percent to 6...

  • LONDON, Jan 18- Energy prices are booming, but the inflationary impact from high oil is not so clear-cut. This is important for the European Central Bank, as it allows it to tighten policy far more gradually than might otherwise be the case. Brent crude oil futures topped $70 a barrel last week for the first time in over three years, meaning the price has more than...

  • LONDON, Jan 18- The dollar edged higher on Thursday after plumbing a three-year low hit earlier in the session as higher U.S. Investors are still reallocating funds away from the dollar into the euro and we see this trend continuing, "said Robin Winkler, a currency strategist at Deutsche Bank in London. An analysis of the quarterly data published by the...

  • LONDON, Jan 18- Sterling steadied against the dollar on Thursday, consolidating some of the recent gains that have propelled the pound to its highest levels since Britain voted to exit the European Union. Sterling has in recent sessions been supported by a sell-off in the dollar and more positive noises from Europe over negotiations with Britain over the terms...

  • LONDON, Jan 18- The dollar rose from a three-year low hit earlier in the day as a rise in U.S. "We are seeing somewhat of a bid in the dollar in the last 12 hours or so on corporate tax repatriation hopes and the rise in U.S. yields but it is likely to be short-lived unless we see inflation pick up meaningfully," said Manuel Oliveri, an FX strategist at Credit Agricole in...

  • The U.S. dollar fell on Thursday amid concerns over a possible U.S. government shutdown.

  • SINGAPORE, Jan 18- The euro nursed losses on Thursday, having retreated from a three-year high after comments from European Central Bank officials this week hinted at concerns over the currency's recent strength. ECB policymakers may have been caught off guard by the speed of the euro's appreciation, said Lee Jin Yang, macro research analyst for Aberdeen...

  • HONG KONG— China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday. The supply and demand of foreign exchange "have shifted to a basic equilibrium" thanks to calmer domestic and global market conditions, Wang Chungying, a...

  • SHANGHAI, Jan 18- China's yuan eased against the dollar on Thursday, after the central bank set lower guidance for the first time in six trading days in reaction to a firmer U.S. currency. The People's Bank of China recalibrated the template for daily yuan fixings last week to nullify a discretionary counter-cyclical factor it introduced into the formula last...

  • *Fed impact on China capital flows weakening. BEIJING, Jan 18- China's foreign exchange regulator said on Thursday the yuan's recent appreciation is driven by the economy and a weaker dollar and that it expects two-way fluctuations in the currency to be the norm. State Administration of Foreign Exchange spokeswoman Wang Chunying also told reporters China's...

  • China's cross-border capital flows reached a turning point as they became basically balanced, the country's foreign exchange regulator said.

  • SINGAPORE, Jan 18- The euro nursed losses on Thursday, having pulled back from a three-year high as concerns voiced by European Central Bank officials this week dampened the currency's momentum. The euro last stood at $1.2197, up 0.1 percent on the day but well below a peak of $1.2323 set on Wednesday, the euro's strongest level since December 2014.

  • LONDON/ NEW YORK, Jan 17- The U.S. Department of Justice on Tuesday charged a Barclays foreign exchange trader based in New York over his alleged role in a scheme to defraud a client of the bank, the DoJ said. Robert Bogucki, the former head of foreign exchange trading in New York for the British bank, is accused of manipulating forex options before a large trade by...