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Currencies Foreign Exchange

  • The South Korean won could gain on if a Trump-Kim summit works out

    Sim Moh Siong of the Bank of Singapore says the proposed Trump-Kim summit is likely to be the more important driver of the South Korean won.

  • The dollar index hit a high of 91.639 against six major currencies, its strongest level since mid-January.

  • "Mark Johnson exploited confidential information and betrayed a client in order to generate profits for HSBC and enrich himself," said U.S. Prosecutors say Johnson and other traders they directed bought British Pound Sterling for HSBC's "proprietary" accounts prior to converting about $3.5 billion in sales proceeds on behalf of the client into British Pound...

  • TORONTO, April 26- The Canadian dollar strengthened slightly against its U.S. counterpart on Thursday as oil prices climbed and domestic data showed rising employee earnings. The price of oil, one of Canada's major exports, was supported by expectations of renewed U.S. sanctions on Iran, declining output in Venezuela and continuing strong demand.

  • Mexico City, April 26- Mexican bottler and retailer Fomento Economico Mexicano said on Thursday that first-quarter net profit plunged, hurt by an increase in the value of the Mexican peso versus the U.S. dollar. The company also known as Femsa, which includes bottling and retail units, said first-quarter net profit tumbled to 2.02 million pesos, from 3.29 billion...

  • *Sweden's crown tumbles to lowest since 2009 after cbank decision. LONDON, April 26- The euro held near eight-week lows on Thursday as traders prepared for European Central Bank President Mario Draghi to speak with investors searching for any signals about when the ECB will begin unwinding its stimulus. The euro remains about 2-1/ 2 cents below highs touched...

  • LONDON, April 26- European stocks and the euro made tentative gains on Thursday as a drop in bond market stress levels helped sentiment ahead of a read out from the European Central Bank's latest meeting. European equities were up 0.4 percent ahead of Mario Draghi's 1230 GMT news conference and as MSCI's most widely-followed gauge of world stocks pulled out of...

  • *Sweden's crown tumbles to 8-1/ 2 year low after cbank decision. LONDON, April 26- The euro edged off eight-week lows on Thursday as traders prepared for a European Central Bank meeting from which investors will be searching for any signals about when the bank will begin unwinding its stimulus. The ECB decision was due at 1145 GMT and president Mario Draghi...

  • BUDAPEST, April 26- Central European government bonds and currencies regained some ground as a rally in U.S. Treasuries yields and the dollar lost steam, ahead of an expected decision by the European Central Bank to keep policy unchanged at its monetary meeting on Thursday. The Hungarian central bank's first comments since Prime Minister Viktor Orban's...

  • "After the hat-trick of disappointing numbers last week and a more dovish sounding Bank of England, a weaker than forecast Q1 GDP on Friday would put to bed any remaining optimism of a May rate hike," said Fiona Cincotta, senior market analyst at City Index. The release will be the last key data issued before the Bank of England's Monetary Policy Committee meeting...

  • *Sweden's c.bank keeps policy unchanged. LONDON, April 26- The euro edged off eight-week lows on Thursday as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus. The ECB decision is due at 1145 GMT and president Mario Draghi will begin his press conference at...

  • Euro Dollar

    The euro traded in a wide range Thursday after the European Central Bank kept interest rates unchanged, as was widely expected.

  • SINGAPORE, April 26- The dollar traded near a 3-1/ 2- month high against a basket of currencies on Thursday, bolstered by higher U.S. The recent jump in U.S. bond yields has caused U.S.- Japan and U.S.-German yield differentials to widen further in the dollar's favor, leaving the yen and the euro lower. "Unless there is a very unlikely massive meltdown in U.S. equity...

  • There is a lot of 'positioning' going on for dollar-yen

    Craig Chan of Nomura does, however, say the upcoming Bank of Japan meeting could "dampen" expectations a little.

  • SINGAPORE, April 26- The dollar traded near a 3-1/ 2 month high against a basket of currencies on Thursday, bolstered by higher U.S. The recent jump in U.S. bond yields has caused U.S.- Japan and U.S.-German yield differentials to widen further in the dollar's favor, leaving the yen and the euro lower. The dollar's index against a basket of six major currencies was at...

  • *Dollar rises on U.S. yields, euro falls. NEW YORK, April 25- The dollar hit a four-month high on Wednesday, boosted by the benchmark U.S. That has caused U.S.- Japan and U.S.-German yield differentials to widen further in the dollar's favor, leaving the yen and the euro lower.

  • *Q1 sales 4.9 bln euros, in line with forecasts. PARIS, April 25- French auto parts maker Valeo said revenue growth slowed to 3 percent in the first quarter, held back by a strong euro and a contraction in Chinese and U.S. car production. After jumping 12 percent last year, revenue rose to 4.917 billion euros from 4.767 billion, the Paris- based company said on Wednesday.

  • milestone@ BRASILIA, April 25- Latin American currencies resumed their slump on Wednesday as yields on U.S. bonds rose past the 3 percent landmark, propping up the dollar on a global scale. The Brazilian real weakened past 3.50 to the dollar for the first time in almost two years, tracking wider weakness across Latin America. Shares in state-controlled oil company...

  • CAPE TOWN, April 25- Court proceedings against 18 banks accused of rigging the rand currency are likely to start next year, as prosecutors need time to prepare the complex case, the head of cartels at South Africa's Competition Commission said on Wednesday. Mohlala was speaking outside a hearing by the Competition Appeal Court, which reserved judgment after...

  • LONDON, April 25- Sterling fell against the dollar on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British first-quarter economic growth numbers due on Friday. The release will be the last key data issued before the Bank of England's Monetary Policy Committee meeting early next...