Currencies Foreign Exchange

  • NEW YORK, Sept 21- Sterling plunged on Friday, driving the U.S. dollar up, after fears rose that Britain would leave the European Union without a trade deal. British Prime Minister Theresa May said on Friday the European Union must supply an alternative Brexit proposal, saying talks had reached an impasse after the bloc's leaders had rejected her plans without...

  • NEW YORK/ LONDON, Sept 21- Gold prices fell more than 1 percent on Friday as the dollar firmed against the British sterling and the euro after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal. China's moves to boost domestic consumption also helped bolster the dollar rally driven by investor bets that the...

  • NEW YORK, Sept 21- The U.S. dollar rebounded and world shares hit a more than six-month high on Friday after China's moves to boost domestic consumption bolstered a rally driven by investor bets the latest U.S.-Sino trade salvoes were unlikely to dent global growth. Sterling tumbled and pushed the dollar up after British Prime Minister Theresa May said Brexit...

  • NEW YORK, Sept 21- Sterling plummeted on Friday, driving the U.S. dollar up, after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal, saying talks had reached an impasse after the bloc's leaders had rejected her plans without fully explaining why. At a summit in Austria on Thursday, EU leaders said they would push...

  • *May ups ante with EU after both sides warn of no-deal risks. LONDON, Sept 21- The British pound tumbled two cents against the dollar on Friday and headed for its biggest daily drop this year after Prime Minister Theresa May said Brexit talks with the European Union had reached an impasse and called for new proposals. "Either there is compromise or a no-deal but the...

  • TORONTO, Sept 21- The Canadian dollar was little changed against the greenback on Friday, holding near its highest in more than three months as data showing a pickup in underlying inflation boosted bets for a Bank of Canada interest rate hike next month. Canada's annual inflation rate dipped to 2.8 percent in August from 3.0 percent in July, the seventh...

  • LONDON, Sept 21- The British pound skidded lower on Friday ahead of a statement from Prime Minister Theresa May on Brexit after European Union leaders rejected her plans. The BBC reported that May was expected to pledge that she would not be changing tack on Brexit. That's why we see a reversal of sterling today, " Sarah Hewin, Chief Economist, Europe, at Standard...

  • With trade war concerns receding in the background and emerging market central banks led by Turkey taking measures to stabilise their currencies, investors pushed the euro to the $1.18 line for the first time in more than three months. Premier Li Keqiang pledged on Wednesday that Beijing will not engage in competitive currency devaluation, a day after his...

  • *FTSE change may keep lid on Polish shares-analyst. BUDAPEST, Sept 21- Central European currencies rose on Friday against the euro in tandem with persistent dollar weakness, extending several days of gains and hitting new multi-month highs versus the dollar. Central European stocks failed to track gains in Asian and Western European markets due to various...

  • *Currency options build up at $1.27 and $1.34 against sterling. LONDON, Sept 21- As negotiations become fraught before Britain's exit from the European Union in March, tensions of a different kind are surfacing on the currency markets-- derivatives activity is rising sharply as investors bet on a weaker sterling. Hopes of progress on a Brexit deal between London...

  • The index has fallen more than 1 percent this week, with investor flows being diverted from the greenback to other currencies including emerging market ones amid an ebb in U.S.- China trade war concerns. "It appears that positions which were skewed towards risk aversion are being reversed across the board," said Makoto Noji, senior strategist at SMBC Nikko...

  • The dollar was close to two-month lows on Friday, as the yen also weakened from lower safe haven demand.

  • NEW YORK, Sept 20- The dollar fell across the board on Thursday as a resurgence in global risk appetite after the United States and China announced new import tariffs this week that were less harsh than expected curbed safe-haven demand for the greenback. After a knee-jerk negative reaction to the new tariffs announced by Washington and Beijing this week,...

  • *Loonie touches its strongest since June 6 at 1.2885. TORONTO, Sept 20- The Canadian dollar strengthened to its highest in more than three months against its U.S. counterpart on Thursday as the greenback broadly fell and investors awaited clues on the prospect of a deal to revamp the NAFTA trade pact. The currency, which has been boosted this week by optimism that a...

  • NEW YORK/ LONDON, Sept 20- Arabica coffee futures rallied on Thursday, moving further away from this week's 2005 low as a rise in top grower Brazil's currency combined with spillover support from larger commodity markets lifted prices. *While arabica futures remain near Tuesday's lowest level in nearly 13 years in dollar terms, Brazil's relatively weak...

  • NEW YORK, Sept 20- The dollar fell across the board on Thursday as a resurgence in global risk appetite on relief that new U.S. and Chinese tariffs on reciprocal imports were less harsh than feared hurt safe-haven demand for the greenback. After a knee-jerk negative reaction to the new tariffs announced by Washington and Beijing this week, currency markets have...

  • LONDON, Sept 20- Sterling added more than a cent to hit two-month highs on Thursday after forecast-beating UK retail sales data and amid growing optimism that Britain and the European Union are making progress at a summit of EU leaders towards a Brexit deal. Sales rose by 0.3 percent in August from July, the Office for National Statistics said, defying a median...

  • *Loonie touches its strongest since Aug. 28 at C $1.2890. The currency touched its strongest since Aug. 28 at C $1.2890. Canadian Prime Minister Justin Trudeau said on Wednesday he wanted to see flexibility from the United States if the two sides are to reach a deal on renewing the North American Free Trade Agreement, which Washington insists must be finished by the...

  • LONDON, Sept 20- The dollar fell to a nine-week low against a basket of major currencies on Thursday as investors shifted their focus from a trade row between China and the United States to the Federal Reserve's monetary tightening plans. Currency markets have become more settled since reacting strongly to new tariffs announced by Washington and Beijing on...

  • ISTANBUL— Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency. Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, which estimates 2.3 percent growth in 2019 and 3.5 percent in 2020. Investors have been selling the Turkish currency because they're worried by...