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Forex News

Dollar slips vs. euro after dim US economic data

NEW YORK: The dollar slipped against the euro Friday after dreary data on the US economy this week had traders expecting the Federal Reserve will keep ultra-low interest rates well into 2015. On Thursday US consumer spending data for May showed a mere

Canadian Dollar Advances Against Most Majors

The Canadian dollar climbed against most major currencies in late Asian deals on Thursday. The loonie hit 1.0710 against the greenback, its highest since January 6, and a session's high of 1.4604 against the euro. The loonie recovered to 95.01 against

Pound sags after less hawkish BOE, G3 currencies adrift

(Reuters) - The British pound nursed losses on Wednesday after comments from the Bank of England governor cooled expectations for an interest rate hike this year, while its G3 counterparts drifted in well-worn ranges. Surprisingly less hawkish comments

Stocks at record peak; gold holds gains, dollar dips

SYDNEY — An index of global stocks nestled near record highs yesterday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the United States, Europe and Japan for a long time to come.

Kenya shilling in slight gains against the dollar

NAIROBI: The Kenyan shilling eked out modest gains against the dollar on Wednesday and traders said the band it was likely to trade in had widened following a successful debut Eurobond. At 0655 GMT, commercial banks posted the shilling at 87.50/60 per

C$ weaker as inflation data boosts US currency

TORONTO: The Canadian dollar eased versus the US currency on Tuesday, as the greenback was boosted by data showing higher consumer prices, while Canadian dollar traders sat on their hands ahead of key domestic data due at the end of the week. At 10:20

Dollar drops ahead of US Fed meeting

NEW YORK: The dollar dropped against major currencies as investors anticipated a US Federal Reserve policy decision Wednesday that could shed light on a timeframe for raising benchmark interest rates. Federal Reserve data showed Monday US industrial

Dollar Eases, Euro Withstands Weak Inflation

The dollar was slightly weaker Monday, unable to extend recent gains versus the euro despite another tame reading on euro zone inflation. The European Central Bank only recently announced measures at generating inflation, so it will likely disregard

Dollar dips versus yen, euro remains under pressure

TOKYO: The dollar dipped versus the yen on Monday, taking a cue from weaker Tokyo equities, although potentially decisive events such as the Federal Reserve meeting midweek limited movements. The dollar dipped 0.2 percent to 101.84 yen, moving towards

ECB monetary stimulus may avoid euro zone deflation

The European Central Bank (ECB) announced a package of monetary stimulus measures in early June. The package includes lowering the deposit rate to -0.1 percent — the first time that the ECB will charge commercial banks for depositing excess reserves at

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