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Daily Currencies Ratings

Dollar stalls after bounce, U.S. GDP awaited for potential support

The dollar stalled against its major peers on Friday, its mild bounce earlier petering out ahead of the second quarter U.S. economic growth data due later in the session. The dollar index against a basket of six major currencies was flat at 93.872 after edging up 0.2 percent the previous day. The greenback, which had sunk to a 13-month low midweek after the Federal Reserve’s policy statement suggested it was in no hurry to raise interest rates again, received a lift on Thursday as Treasury yields rose on the back of upbeat U.S. ...

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Dollar bounces back after hitting long-term lows, bolstered by U.S. data

The U.S. dollar rallied on Thursday after solid U.S. economic data, bouncing back from months- and years-long lows plumbed in early trading that followed Wednesday’s Federal Reserve policy statement. Data released on Thursday showed U.S. durable goods orders rose more than expected last month and a fifth straight monthly increase in shipments suggested that business spending on equipment would support economic growth in the second quarter. The solid durable goods orders data was a welcome sign to dollar bulls, as U.S. economic data and uncertainty surrounding U.S. President Donald Trump’s ...

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Dollar Approaches Key Support After Fed’s Dovish Inflation View

The dollar extended its decline as traders in Asia joined the selloff after the U.S. Federal Reserve indicated that a period of weak inflation continues and left rates on hold. The Bloomberg Dollar Spot Index, already at its lowest since May 2016, slipped 0.2 percent Thursday, toward the 1,150 support level. Clients are still getting on the trade against the greenback, with momentum funds adding to long positions on the Australian dollar, according to a sales trader who asked not to be identified as he isn’t authorized to speak publicly. Treasury yields fell ...

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Dollar falls, stocks stay higher after Fed statement

The dollar turned lower while U.S. stocks stayed higher on Wednesday after the Federal Reserve signaled it could begin to cut its massive bond portfolio “relatively soon.” U.S. Treasury yields fell to a session low after briefly rising following the statement. The U.S. central bank, which also kept its benchmark lending rate in a target range of 1.00 to 1.25 percent, said it was continuing the slow path of monetary tightening that has lifted benchmark U.S. interest rates by a percentage point since 2015. It said it expected to start ...

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Sterling Retreats as U.K. Economy Extends Lackluster Performance

The pound reversed an earlier advance against the dollar and gilts rose after data showed the U.K. economy extended its lackluster performance into the quarter through June. The Office for National Statistics said the economy experienced a “notable slowdown” in the first half, reporting a modest 0.3 percent increase in gross domestic product for the period. The growth figures follow last week’s data that showed inflation unexpectedly slowed in June, damping expectations for monetary tightening by the Bank of England. The central bank’s next policy decision is on Aug. 3. ...

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Dollar little changed after hitting 13-month low as Fed begins meeting

The dollar edged up on Tuesday after falling to a 13-month low against a basket of major currencies as investors gained hope U.S. President Donald Trump could push through his expansionary fiscal agenda but remained wary of the short-term U.S. economic outlook. The euro EUR= rose to its highest since August 2015 and was just a hair below a 2-1/2-year high, boosted by a stronger-than-expected German business survey. The Ifo business sentiment index reached a record high, showing that Germans were “euphoric” about the country’s business climate. The dollar regained some ground ...

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Eurex says EU euro clearing plans don’t go far enough

European Union plans to supervise euro-denominated clearing in London after Brexit don’t give the bloc’s regulators enough power to intervene in a crisis, Germany’s stock exchange said on Tuesday. The plans published by Brussels in June propose giving the European Central Bank and the EU’s securities watchdog a direct role in supervising clearing of euro-denominated transactions like derivatives in Britain. The activity is dominated by LCH, a moneyspinner for the London Stock Exchange, and contributes to making the UK a global financial centre. Clearing ensures a transaction is completed safely ...

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Asian currencies subdued ahead of Fed; peso at 1-week high

Most Asian currencies treaded water on Tuesday as the dollar recovered mildly from a 13-month low, while investors refrained from taking big bets ahead of the Federal Reserve’s two-day policy meeting starting later in the global day. The dollar rose marginally against a basket of currencies as investors awaited details from the Fed on its plan to reduce its $4.2 trillion bond portfolio, a move that could put upward pressure on long-term interest rates and drive funds away from emerging markets. “Markets today are taking a cautious stance ahead of ...

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Dollar bounces off 13-month low, aided by solid U.S. data

The dollar edged up from its lowest level in more than a year on Monday, assisted by stronger-than-expected readings on the U.S. economy, as investors continued to watch developments on U.S. President Donald Trump’s inner circle’s possible ties to Russia. The dollar rose against a basket of six major currencies, bouncing off a 13-month low touched in early trading. Trump’s son-in-law and senior advisor Jared Kushner released a statement ahead of a meeting with Senate and House Intelligence Committees denying he had colluded with Russians. Market participants say the ongoing ...

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Dollar Slumps as Leveraged Funds Brace for Kushner-Event Risk

The dollar slumped to a five-week low against the yen on concern a widening probe into possible ties between Russia and U.S. President Donald Trump’s election campaign may derail his growth agenda. Lower U.S. Treasury yields and oil prices spurred leveraged selling in the greenback ahead of Jared Kushner’s closed-door meeting with the Senate Intelligence Committee on Monday, according to an Asia-based foreign-exchange trader, who asked not to be named as he isn’t authorized to speak publicly. Hedge funds and other large speculators were the most bearish on the dollar in more ...

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No reason for US to fear yuan exchange rate

The exchange rate of the yuan was part of the agenda of the first round of China-US Comprehensive Economic Dialogue starting in Washington on Wednesday. Although the yuan’s exchange rate is not the most sensitive bilateral economic issue, Washington considers it is important because China’s trade surplus with the United States remains high. Washington has always kept a close eye on the yuan’s exchange rate against the US dollar, fearing it would lead to further trade imbalance. The appreciation or depreciation of the yuan may have something to do with ...

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Asian currencies edge up on dollar weakness after ECB meeting

Most Asian currencies edged higher on Thursday after comments from European Central Bank chief Mario Draghi pushed the euro up against the dollar with regional foreign exchange following. Draghi said policymakers would discuss changing its bond-buying programme in the autumn, which was interpreted as a hawkish indication by markets. The Euro was last trading at $1.1632, after climbing as high as $1.1659 on Thursday, its loftiest peak since August 2015. The dollar index, which was on track for its second successive weekly fall, was trading flat on the day at ...

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Dollar slumps anew, world stock rally stalls

The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. President Donald Trump’s domestic agenda, while a global gauge of stocks was poised to snap a 10-session winning streak. Gains in the yen, gold and U.S. Treasuries pointed to moves into safe-haven assets rather than stocks that are considered riskier. Oil prices sank 2 percent. The euro built on sharp gains from a day earlier, rising to near two-year ...

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Euro jumps to two-year highs vs. dollar

The euro jumped to its highest levels in nearly two years against the dollar on Friday as the single currency’s bounce this week prompted some investors to cover short positions. The euro’s 0.3 percent vault above $1.1650 in early trading on Friday meant that those holding currency options betting on a fall in the single currency after the European Central Bank’s meeting on Thursday faced heavy losses. The next target level for the euro was an August 2015 high at $1.17150, according to strategists. The euro rose to $1.16765 as ...

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Euro soars after Draghi comments, world shares up again

The euro strengthened to its highest level in nearly two years against the U.S. dollar on Thursday after Europe’s central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while a gauge of stocks globally gained for a 10th straight session. Though European Central Bank President Mario Draghi set no date for changes to the bond-buying plan and said that officials were unanimous in their decision not to change their guidance on monetary policy, investors suspected the talks would lead to tightening next year. The ...

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