Yen Dives as Risk Appetite Roars; Euro Subdued
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Yen Dives as Risk Appetite Roars; Euro Subdued – Reuters
The dollar jumped half a percent against the yen as hopes of a breakthrough in the North Korean nuclear standoff rose and after the Japanese central bank reaffirmed its decision to stick to its ultra easy policy stance in the coming months. Read More
US Regulator Urges Registration of Cryptocurrency Exchanges
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US Regulator Urges Registration of Cryptocurrency Exchanges – Reuters
The US Securities and Exchange Commission said that many online trading platforms for cryptocurrencies should be registered with the regulator and subject to additional rules, in a further sign regulators are cracking down on the digital currency sector.
Dollar Hovers Near 14-Month Lows as Trade War Concerns Escalate
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Dollar Hovers Near 14-Month Lows as Trade War Concerns Escalate – Reuters
The dollar hovered near a 14-month low against the yen as investors grew cautious about the outlook of the greenback after a top economic advisor to the Trump administration resigned stoking fears of a trade war. Read More
Trade War Worries Keep US, Canadian Dollars Weak
Trade War Worries Keep US, Canadian Dollars Weak – Reuters
The dollar edged down, while the Canadian dollar traded close to an eight-month low on persistent worries about a trade war stemming from US President Donald Trump’s proposed tariffs on imported steel and aluminium.
Euro Bulls Suffer as Italy Stokes Political Uncertainty
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Euro Bulls Suffer as Italy Stokes Political Uncertainty – Reuters
The euro was flat after initially weakening as an inconclusive election in Italy pointed to prolonged political uncertainty after a stronger-than-anticipated showing by right-wing eurosceptic parties. Read More
Yen Stands Tall as Trade War Concerns Grip Markets
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Yen Stands Tall as Trade War Concerns Grip Markets – Reuters
The Japanese yen jumped half a percent against the dollar and is set to score significant gains against the euro as prospects of a trade war gripped markets after US President Donald Trump announced hefty new tariffs on steel and aluminium imports.
Sterling Falls as Traders Eye Brexit Talks
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Sterling Falls as Traders Eye Brexit Talks – Reuters
Sterling fell against the dollar as nervous investors sold the pound ahead of more talks between Britain and the European Union over the terms of Brexit, and Prime Minister Theresa May’s highly awaited speech on Friday.
Dollar Builds on Three-Week High After Powell Testimony
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Dollar Builds on Three-Week High After Powell Testimony – Reuters
The dollar hit a three-week high after an upbeat assessment of the US economy by Federal Reserve Chairman Jerome Powell’s boosted bets on more interest rate hikes, while the euro edged lower before inflation data.
Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony
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Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony – Reuters
The dollar eased as investors awaited a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the US currency’s recovery from a three-year low has more room to run.
Sterling Pushes Higher After Hawkish Comments from BoE Official
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Sterling Pushes Higher After Hawkish Comments from BoE Official – Financial Times (subscription)
Sterling outperformed several of its developed market peers, climbing back above $1.40 after hawkish comments from a senior Bank of England policymaker.