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Daily Currencies Ratings

Dollar firms vs euro with French election in focus

The euro weakened against the U.S. dollar on Friday as investors braced for Sunday’s first round of a tight French presidential election. The euro was down 0.14 percent against the dollar at $1.0699, off the session low of $1.0683. The common currency was 0.33 percent lower against the yen and down 0.27 percent against the Swiss franc. “We have got overall de-risking happening. You have people keeping the powder dry ahead of Sunday,” said Karl Schamotta, director of global product and market strategy at Cambridge Global Payments in Toronto. “Traders ...

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Euro steady below three-week high, focus on French election

The euro inched higher in early European trade on Friday but remained almost a cent off this week’s highs as investors battened down the hatches for results of the first round of a tightly-fought French presidential election. Traders said an upbeat flash purchasing manager survey from France, added to polls showing centrist Emmanuel Macron still in pole position ahead of Sunday’s voting had again been enough to settle nerves after a dip late on Thursday. There was no obvious reaction to the shooting of a French policeman in central Paris ...

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Euro rises as French election jitters abate; dollar weak

The euro rose to a three-week high against the U.S. dollar on Thursday as some traders shut down broad bets against the common currency ahead of the first round of the French presidential elections on Sunday. The dollar remained weak against a basket of major currencies as the latest data on domestic jobless claims and business activity in the mid-Atlantic region did not change traders’ views of modest U.S. economic growth and low inflation. Traders were taking their cues from polls showing French centrist Emmanuel Macron easily beating far-right candidate ...

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Dollar edges down, euro resists French election volatility

The dollar inched lower against a basket of major currencies on Thursday, suffering from a solid performance by the euro before the first round of French presidential elections and from an improvement in sentiment towards Britain’s pound this week. The biggest mover overnight was the New Zealand dollar, jetting higher after inflation surged past 2 percent to its highest in five years, bolstering the case for a rise in kiwi interest rates over the next year. Attention is largely focused on the French vote, however. Despite a surge in measures ...

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Dollar rebounds from three-week low; sterling retreats

The dollar recovered on Wednesday, a day after hitting a three-week low against major currencies on lowered expectations for U.S. interest rate hikes and concerns about President Donald Trump’s ability to deliver a promised fiscal boost. The dollar index, which measures the greenback against a basket of six major currencies, was up 0.31 percent at 99.81. It fell to 99.465, the lowest since March 28, on Tuesday. “It’s a reversion to normalcy after the market got caught running for the exits on long dollar positions,” said Greg Anderson, global head ...

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Euro benefits from weak dollar, sterling close to 6-month high

The euro hit a three-week high on Wednesday, benefiting from a dollar weakened by lower U.S. rates and doubts over President Donald Trump’s promised fiscal boost, while the prospect of a snap British election kept sterling near a six-month peak. After the British pound took centre-stage on Tuesday with its second-largest one-day rise since 2008, the Australian dollar was the biggest mover on major currency markets on Wednesday, sliding 0.7 percent as iron ore prices took a dive . With the first round of France’s presidential election just four days ...

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Sterling soars after UK PM calls early election, dollar dips

Sterling rose to a more than six-month high against the dollar on Tuesday after British Prime Minister Theresa May called for an early general election, boosting hopes that a victory could strengthen her party’s majority in government ahead of Brexit negotiations. May called for an early election on June 8, saying she needed to strengthen her hand in divorce talks with the European Union by bolstering support for her Brexit plan. “The way the market is reading it, it is viewed as something that creates a more stable political outlook ...

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Dollar steadies on Mnuchin comments, erases early losses vs yen

The dollar shook off early weakness against the yen on Monday after U.S. Treasury Secretary Steven Mnuchin said a strong dollar would be a good thing over a long period, but the greenback remained subdued against a basket of currencies amid geopolitical tensions. Against the yen, the U.S. dollar rose to session high of 109.05 after the Financial Times quoted Mnuchin playing down President Donald Trump’s interview with the Wall Street Journal last week where Trump said the dollar was “getting too strong.” “In an otherwise quiet session, the comments ...

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Dollar set for weekly losses as tensions with Pyongyang rise

The dollar nursed losses on Friday, on track for a losing week as continuing tensions in North Korea underpinned the perceived safe-haven Japanese currency. The dollar index, which tracks the U.S. unit against a basket of six rival currencies, steadied at 100.590 .DXY, slightly higher on the day but down 0.6 percent for the week. U.S. President Donald Trump said on Thursday that North Korea is a problem that “will be taken care of,” as China urged caution and speculation rose that Pyongyang might be on the verge of a ...

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Dollar rises as market ‘oversold’ following Trump comments

The dollar rose on Thursday, rebounding from a slide investors considered overdone following remarks by U.S. President Donald Trump that the currency was getting too strong and he would prefer the Federal Reserve to keep interest rates low. The greenback and U.S. Treasury yields took a heavy hit after Trump’s comments to the Wall Street Journal, in which he said the strength of the dollar would hurt the economy. The dollar rose 0.45 percent against a basket of major currencies, on track for its largest one-day gain in two weeks. ...

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Dollar remains under pressure after Trump says it’s too strong

The dollar remained under pressure in early trade on Thursday, with President Donald Trump’s comments that he prefers a weaker U.S. currency hurting investing appetite for the greenback. In an interview with The Wall Street Journal, published on Wednesday afternoon, Trump said the dollar “is getting too strong” and that he would prefer if the Federal Reserve kept interest rates low. His comments appeared to have the desired effect, immediately sending the greenback lower, to trade around a five-month low against the yen USDJPY, -0.02% . In Thursday’s trade, the dollar ...

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How the Currency Market Learned to Get Over Its ‘Yuan’ Big Fear

It was supposed to be a year which set the U.S. and China on a collision course over their respective currencies. Instead 2017 is shaping up to be a period of detente between the yuan and dollar underscored by the recent meet-and-greet between the countries’ two leaders. As the golf balls flew around the Florida resort playing host to President Donald Trump and his Chinese counterpart Xi Jinping, a broad measure of the Chinese effective exchange rate remained remarkably steady, helping to quell fears that a devaluation of the renminbi ...

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Dollar hits new lows on Trump comments on currency, interest rates

The dollar fell broadly on Wednesday after U.S. President Donald Trump said the dollar was “getting too strong” and that he would prefer that the Federal Reserve keep interest rates low. Trump also said, during an interview with the Wall Street Journal, that his administration would not label China a currency manipulator, reversing a campaign trail pledge to do so. He also left open the possibility of renominating Federal Reserve Chair Janet Yellen when her term expires next year. The dollar index .DXY, which tracks the U.S. currency against six ...

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Yen hits multi-month highs as risk-off mood persists

The yen hit five-month highs against the dollar, euro and sterling on Wednesday, as simmering geopolitical tensions checked risk appetite and put the safe-haven Japanese currency in favor. Investors’ flight-to-safety underpinned traditional safe-havens like the yen, U.S. Treasuries and gold, amid fresh worries over France’s presidential election, and possible U.S. military action against Syria and North Korea. “It cannot come as a surprise that the financial markets are fully focused on political developments and investors are increasingly looking for safe havens as a result,” wrote Commerzbank currency strategists in a ...

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Dollar near 5-month low vs yen amid geopolitical risk

The dollar fell broadly on Tuesday, nearly touching a five-month low against the Japanese yen, as geopolitical risk and declining U.S. Treasury yields pushed traders out of the greenback. The yen gained across the board on concerns about Syria and North Korea, and a resurgence of a previously written-off left-wing contender in France’s presidential race further prompted buying of the safe-haven currency. “It shows how nervous markets are about the geopolitical situation,” said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. “And at the end of the ...

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