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Dollar in the doldrums- U.S. politics, Fed minutes eyed

SINGAPORE (Reuters) – The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of the U.S.-China trade pact which left the deal intact. The moves in the Asia session were modest, as weak... More »

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Dollar rally regains some momentum- Aussie and Kiwi fall

LONDON (Reuters) – The dollar rose in early London trading on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15. After talks in Washi... More »

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Euro hits four-month high on hopes for EU recovery fund deal

LONDON (Reuters) – The euro retreated after hitting a 19-week high of $1.1467 on Monday after EU summit chairman Charles Michel said a recovery fund to revive economies hit by the COVID-19 pandemic could contain 390 billion euros in grants. EU leaders have mad... More »

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C$ rallies along with stocks- BoC decision due Wednesday

TORONTO (Reuters) – The Canadian dollar strengthened against its U.S. counterpart on Monday as stock markets globally climbed and ahead of an interest rate decision this week from the Bank of Canada, with the loonie recovering from a 10-day low on Friday. Worl... More »

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Grim data keeps euro, sterling under pressure

LONDON (Reuters) – A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for... More »

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Dollar steadies as overnight risk-off move eases

NEW YORK (Reuters) – The U.S. dollar was slightly lower in North American morning trade on Monday, stabilizing after a move higher overnight on a sell-off in risk assets over rising fears of a second wave of coronavirus infections. The dollar index =USD, which... More »

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Aussie dollar falls amid feud with China, traders cash in gains

LONDON (Reuters) – The Australian dollar fell nearly 2% on Tuesday after China’s education ministry warned students to carefully consider studying there amid tension between the trading partners. The dollar found some footing, rising against tearaway commodity... More »

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Dollar treads water against euro- yuan sinks on U.S.-China tensions

NEW YORK (Reuters) – The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro EUR=EBS wa... More »

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Yen edges up after BOJ, pound gains on hopes of lockdown easing

TOKYO (Reuters) – The yen edged higher on Monday after the Bank of Japan expanded stimulus to help companies hit by the coronavirus crisis while the pound rose against the dollar and euro on optimism Britain may soon ease a month-long lockdown. The BOJ’s decis... More »

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Dollar takes a back seat as markets bet on Fed rate cuts

TOKYO/SINGAPORE (Reuters) – The dollar was on the back foot on Monday as growing expectations of U.S. interest rate cuts to cushion the impact of the coronavirus stemmed some safety flows into the greenback. After U.S. shares were routed in recent days, Federa... More »

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China’s yuan leads rally ahead of U.S. trade deal

LONDON (Reuters) – China’s yuan led a rally in trade-sensitive currencies on Monday and the Australian dollar recovered some recent losses as the imminent signing of a preliminary U.S.-China trade deal boosted sentiment. The U.S.-China Phase 1 agreement, due t... More »

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Safe-haven currencies give back gains as U.S.-Iran situation eases

LONDON (Reuters) – Safe-haven currencies such as the Japanese yen retreated on Thursday as the United States and Iran backed away from further conflict, with markets flipping back to a more risk-taking approach on hopes of a U.S.-China trade deal. U.S. Preside... More »

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Dollar picks up before Fed, pound braces for EU meeting on Brexit

TOKYO (Reuters) – The dollar traded near its highest in more than two months versus the yen on Monday ahead of a U.S. Federal Reserve meeting this week where policymakers are expected to cut interest rates but emphasize their reluctance to ease policy further.... More »

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Sterling slips from five-month high on Brexit delay jitters

SYDNEY (Reuters) – Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson’s plan for a ... More »

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Dollar stands tall as investors seek shelter

SINGAPORE (Reuters) – The dollar found broad support on Monday as global political uncertainty and fears over a widening of the Sino-U.S trade war kept investors in safe harbours ahead of a slew of global economic indicators this week. The greenback was steady... More »

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Yen falls as risk appetite rebounds before central bank meetings

LONDON (Reuters) – The Japanese yen fell on Wednesday as the rush into safe-haven assets during the summer continued to unwind on the back of rising risk appetite, while the euro paused before Thursday’s European Central Bank meeting. The yen had rocketed towa... More »

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Yen rises, yuan pares losses as Sino-U.S. tariffs kick in

TOKYO (Reuters) – The yen strengthened on Monday, thanks to bigger appetites for safe-haven assets as Washington and Beijing put additional tariffs on each other’s exports, adding to the gloom hanging over the global economic outlook. The United States slapped... More »

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Yen buoyed by China jitters- sterling under water

SYDNEY (Reuters) – The dollar remained on the defensive against the safe-haven yen on Monday as the Sino-U.S. trade dispute looked set to drag on with no settlement in sight, while holidays in Japan and Singapore made for very thin trading. Confusion still lin... More »

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Dollar near two-month top after U.S. GDP, pound hits 28-month low

TOKYO (Reuters) – The dollar clung to a two-month high against a basket of currencies in Asia on Monday after better-than-expected U.S. GDP data last week enhanced its yield attraction against rival currencies. The U.S. Federal Reserve is widely expected to cu... More »

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Dollar struggles after biggest weekly drop in four months- G20 eyed

LONDON (Reuters) – The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week’s G20 summit. The gr... More »

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Dollar stalls near one-month high after Fed minutes

NEW YORK (Reuters) – The U.S. dollar held near a one-month high on Wednesday after minutes from the May Federal Open Market Committee meeting showed officials agreed that their current patient approach to setting monetary policy could remain in place “for some... More »

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Aussie set for biggest rise in 2019 after shock election win

LONDON (Reuters) – The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister Scott Morrison’s conservative coalition, though mixed global stocks broadly weighed on risk app... More »

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China’s yuan slumps to 2019 low as trade war escalates

LONDON (Reuters) – China’s yuan was set for its worst daily fall in nine months on Monday as trade negotiations between the U.S. and China ended after President Donald Trump raised tariffs on Chinese goods. Currency moves in response to the latest trade hostil... More »

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Yuan leads losers as global risk appetite sours

LONDON (Reuters) – The Chinese yuan was set for its biggest drop in 10 months on Monday after U.S. President Donald Trump threatened to raise tariffs on China while perceived safe-haven currencies such as the yen surged amid a broad-based rout for risky assets... More »

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UBS Wealth closes U.S. equity overweight, favors emerging stocks

(Reuters) – UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday. UBS Global Wealth Management chief investment officer Mark Haefele said also ... More »

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Dollar on back foot after soft data fans bets on dovish Fed

TOKYO (Reuters) – The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain’s exit from the European Union. The do... More »

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Aussie, yuan inch up on U.S.-China trade optimism

TOKYO (Reuters) – The Australian dollar and the Chinese yuan inched up on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute. Fuelling such expectations was a report from the Wall Street Journal on Sunday that said ... More »

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Aussie dollar, yuan fall on concerns about China slowdown

LONDON (Reuters) – The Australian dollar and kiwi dollar, gauges of global risk appetite, fell on Monday on fears of a slowdown in China’s economy prompted by a contraction in Chinese exports. Market sentiment swung negative after data showed that China’s Dece... More »

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Yen rises vs dollar on weak data- Swiss franc gains

LONDON (Reuters) – The Japanese yen gained half a percent against the dollar on Friday as investors cut back positions in risky assets after a volatile week in global stock markets and as concerns grow about a trade dispute between United States and China. Tra... More »

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Canadian dollar hits 19-month low as risk aversion offsets GDP gain

TORONTO (Reuters) – The Canadian dollar fell to a 19-month low against its broadly stronger U.S. counterpart on Friday, as declines for stocks and the price of oil offset data showing stronger-than-expected growth in the domestic economy. At 4:00 p.m. (2100 GM... More »

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Japanese yen trims early gains as BOJ policy change eyed

LONDON (Reuters) – The yen trimmed early gains on Monday as traders consolidated positions after reports the central bank was debating moves to scale back its massive monetary stimulus ignited a brief rally in the Japanese currency. With investors wary of buyi... More »

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Dollar rises as trade war fears fade, risk sentiment returns

LONDON (Reuters) – The dollar strengthened broadly on Monday and neared a six-month high against the Japanese yen as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum. As the second-quarter corporate ea... More »

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Dollar slides after U.S. nonfarm payrolls report

NEW YORK (Reuters) – The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge — wage growth — rose less than forecast, while the unemployment rate increased. Nonfarm payrolls ad... More »

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Canadian dollar seen higher but trade uncertainty to crimp gains:…

TORONTO (Reuters) – Canada’s dollar will climb over the coming year, a Reuters poll showed, but forecasters are less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes. The poll of more ... More »

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Trade disputes, German politics kick euro lower

LONDON (Reuters) – The euro weakened half a percent and other high-yielding currencies such as the Australian dollar wilted on Monday as rising concerns over an escalation in the trade dispute between the United States and its partners sapped demand. The singl... More »

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Mexico peso wobbles after leftist Lopez Obrador’s big win

MEXICO CITY (Reuters) – Mexico’s peso whipsawed after leftist candidate Andres Manuel Lopez Obrador won Mexico’s presidential election on Sunday with a big margin that may herald a congressional majority. The peso gained more than 1 percent when the first exit... More »

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Dollar holds near 1-week lows as trade war concerns rise

LONDON (Reuters) – The dollar held near a one-week low against a basket of currencies on Tuesday as investors retreated to the sidelines while concerns grew about an intensifying conflict between the United States and its trade partners, particularly China. Th... More »

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U.S.-China trade war relief sends dollar to five-month highs

LONDON (Reuters) – The dollar hit a five-month high on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war “on hold” following their agreement to suspend threatened tariffs. Against a basket of its peers, the dollar rose above... More »

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Dollar index at near four-month high after U.S. jobs data

TOKYO (Reuters) – The dollar stayed near its 2018 peak on Monday after U.S. jobs and wages data did little to temper perceptions of strength in the U.S. economy, though renewed concerns about trade frictions could cloud its outlook. The dollar index stood at 9... More »

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Dollar down from 4-month highs ahead of U.S. jobs data

SINGAPORE (Reuters) – The dollar held steady against a basket of currencies on Friday, having retreated from four-month highs on profit-taking, with the focus on whether U.S. jobs data will provide the spark for another push higher. The dollar has erased all i... More »

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China says will steadily push forward capital account convertibility

BEIJING (Reuters) – China’s foreign exchange regulator said on Friday that it will steadily push forward with the convertibility of its capital account, and at the same time fend off risk from cross-border capital flows. The head of the State Administration of... More »

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Dollar index holds losses after U.S. March retail sales data

NEW YORK (Reuters) – The dollar remained at lower levels against a basket of currencies on Monday as domestic retail sales in March rose following three months of declines but failed to dispel some traders’ worries about economic growth cooling. At 8:35 a.m. (... More »

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Dollar heads towards 2-week lows as short bets hit 7-year highs

LONDON (Reuters) – The dollar weakened on Monday and headed towards a two-week low against a basket of rivals on growing signs of relief that a U.S.-led strike on Syria would not escalate further at a time when concerns over a trade war has rattled global mark... More »

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Dollar gains versus yen as risk appetite improves after Xi speech

TOKYO (Reuters) – The dollar bounced against the yen on Tuesday, with broader risk appetite improving after a speech by Chinese President Xi Jinping promising to cut import tariffs eased concerns about a trade conflict between the world’s two largest economies... More »

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Euro gains, dollar drops, as risk appetite revives

FILE PHOTO: A picture illustration of Euro banknotes, April 25, 2014. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The euro gained on Monday and the dollar dropped as last week’s strong U.S. jobs numbers and receding fears over a trade war hel... More »

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Dollar finds footing after steep fall, holds above three-year lows

U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration TOKYO (Reuters) – The dollar found some traction on Monday following last week’s steep fall and managed to hold above a three-year low ag... More »

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Dollar crawls up but not out of woods as U.S. policy doubts persist

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo TOKYO (Reuters) – The do... More »

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ECB’s Draghi says euro strength is a source of uncertainty

European Central Bank (ECB) President Mario Draghi holds a news conference following the governing council’s interest rate decision at the ECB headquarters in Frankfurt, Germany, January 25, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – The euro’s recent... More »

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Dollar wallows near three-year lows on U.S. government shutdown

FILE PHOTO: Sheets of former U.S. President Abraham Lincoln on the five-dollar bill currency are inspected through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo LONDON (Reuters) – The d... More »

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Dollar extends losses vs yen after BOJ tapering talk

FILE PHOTO: Japan Yen and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – The dollar extended losses against the yen on Wednesday after the Bank of Japan’s move to trim Japanes... More »

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Dollar steady but its funding costs soar ahead of year-end

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration TOKYO (Reuters) – The dollar was little changed against other major currencies on Monday in holiday-thinned trading while the cost of swapping the yen for th... More »

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Dollar edges up, euro slumps after Catalan vote

FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo TOKYO (Reuters) – The dollar edged up on Friday though it remained on track for weekly losses, while the euro slumped after Catalan vo... More »

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Dollar dips on U.S. tax reform caution

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, on caution ahead of a vote in U.S. Congress on... More »

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Dollar dips against yen- bitcoin surges again

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration LONDON (Reuters) – The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the ta... More »

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Sterling rises, euro edges down as Brexit deal may be near

British Pound Sterling banknotes are seen in a counter machine at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger TOKYO (Reuters) – Sterling rose while the euro edged down on Friday, as traders wa... More »

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Euro holds line at $1.19 as investment prospects brighten

The German Central Bank (Bundesbank) presents the 50 euro banknote at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach LONDON (Reuters) – The euro edged higher for a third consecutive day on Friday as investment flows propped up ... More »

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Euro slips as German coalition talks fail, heightens uncertainty

50 and 20 Euro banknotes are displayed in this picture illustration taken November 14, 2017. REUTERS/Benoit Tessier/Illustration SINGAPORE (Reuters) – The euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel’s efforts to form ... More »

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Dollar hits three-month high vs. yen on Abe election victory

The dollar touched a three-month high against the yen on Monday, with investors betting that an emphatic election victory for Japan's ruling party would see a continuation of the ultra-loose "Abenomics" policy that have kept downward pressure on the yen. More »

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Soaring U.S. yields pushes dollar up for second day

The dollar climbed for a second consecutive day on Tuesday as a strong reading for U.S. manufacturing activity pushed bond yields higher, prompting investors to trim some of their extreme short bets against the greenback. More »

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Euro slips after German election results

The euro snapped a two-day rising streak and edged lower on Monday after the German election results prompted some investors to lock profits into one of the most profitable currency trades of the year. More »

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Dollar steadies after dropping on U.S. political turmoil

The dollar steadied on Monday, edging away from four-month lows against the yen plumbed in the previous session as investors turned their focus from political turmoil in Washington to the Federal Reserve's annual central banking conference in Wyoming. More »

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Dollar nurses losses as outlook remains wary

The dollar edged lower against a trade-weighted basket of currencies on Monday after posting its biggest weekly drop in three weeks as expectations of U.S. rate increases dwindled further after weak inflation data. More »

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Dollar edges lower after Friday bounce

The dollar edged lower on Monday following sharp gains in the previous session, as investors focused on inflation data due this week that could determine the currency's longer-term trajectory. More »

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Dollar hits six-week low versus yen- focus on U.S. data

A U.S. five dollar note is seen in this illustration photo June 1, 2017. The dollar skidded to a six-week low versus the yen on Tuesday, its outlook clouded by U.S. political turmoil and doubts over whether there will be another Federal Reserve rate hike this ... More »

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Carry trades in focus after BOJ reiterates policy stimulus

FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo The Japanese yen weakened against its main rivals on Monday, lurking below a four-month high against the dollar, as investors looke... More »

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Yen gains as Korean tensions curb risk, C$ near 10-month high

FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo The dollar slipped against the yen on Wednesday on concerns about rising tensions between the United States and North K... More »

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Dollar sags as U.S. yields stay low, rate hike expectations fade

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration The dollar sagged against its major peers on Monday, losing traction as U.S. Treasury yields stayed low amid fading expectations that the Federal Reserve to ... More »

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Dollar dips as traders await signals on more Fed hikes

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the re... More »