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Yen Touches 15-Month High as Dollar Weakens Ahead of Inflation Data – Financial Times (subscription)
The yen hit its strongest intraday level against the dollar in 15 months as the dollar weakened ahead of a release of US inflation data later in the day. Read More
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FX Volatility Sparks Trading Surge with Signs of More to Come – Bloomberg
Price swings in the $5.1-trillion a day currency market have jumped this month to the highest since November 2016 on a monthly basis, according to a JP Morgan gauge. Read More
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Euro Gains as Dollar Falls Back on Equity Bounce – Reuters
The euro edged higher and the dollar fell back, as a bounce in equity markets ended a strong run for the greenback in which nervous investors had rushed to reverse their bets against the US currency.
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Euro Edges Up But Headed for Worst Week Since October – Reuters
The euro gained against the dollar but the single currency was still headed for its worst weekly performance since October after the global stock market sell-off squeezed investors betting against the greenback out of their positions. Read More
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Renminbi Heads for Worst Day in Over 13 Months – Financial Times (subscription)
The renminbi weakened markedly, pulling back from a two-year intraday high in the previous session and on track for its worst day in more than a year as the dollar strengthened.
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US regulators said Congress should consider expanding federal oversight of bitcoin and other cryptocurrency trading, as market cops amplify alarms about an asset class that is largely exempt from investor-protection laws. Read More
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Dollar Slips But Investors Seek Safe Havens in Equity Rout – Reuters
The US dollar slipped after earlier gaining when investors had dumped riskier assets for the relative safety of the greenback, but currency markets were generally calm compared with the rout in equity markets.
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Sterling Nurses Losses Near One-Week Lows on Brexit Concerns – Reuters
Sterling held near a one-week low as a weekend bout of negative news around Brexit negotiations weighed on the British currency although a central bank meeting later this week kept investors wary of adding bearish positions. Read More
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Sterling Slips on Construction Data But Still in Best Run Since 2012 – Reuters
Sterling slipped, hit by weak data from Britain’s construction sector, but was nevertheless on track for its seventh straight week of gains against the dollar – the pound’s best run since 2012. Read More
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Renminbi Posts Strongest Monthly Rally in Almost 40 Years – Financial Times (subscription)
The yuan experienced its strongest monthly rally for almost forty years in January, and analysts are expecting further gains to come, even as its strength begins to hurt local businesses. Read More