Dollar near one-month low after weak data, rally in pound and euro

LONDON (Reuters) – The dollar retreated on Thursday towards one-month lows against a basket of currencies, pressured by a slew of weaker-than-expected economic data and this week’s robust performance by the euro and the British pound. Most currencies traded in tight ranges after turmoil induced by conflicting headlines on the fate of a phase one U.S.-China trade deal and lack […]

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Dollar firm as 'headline ping-pong' revives trade optimism

SINGAPORE (Reuters) – The dollar and export-oriented currencies found support on Thursday as upbeat trade comments from U.S. President Donald Trump cheered the market, while New Zealand’s softer-than-expected banking reforms pushed the kiwi to a four-month high. The flight to safety seen on Wednesday reversed after Trump said trade talks with China were going “very well,” a day after floating […]

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Yen, Swiss franc fall on U.S.-China trade deal optimism

NEW YORK (Reuters) – The safe-haven yen and Swiss franc fell on Wednesday, as risk appetite improved, after more positive rhetoric on U.S.-China trade negotiations from U.S. President Donald Trump. The yen earlier rose to two-week highs against the dollar, while the Swiss franc climbed to four-week peaks as trade uncertainty persisted. Those concerns, though, eased as the New York […]

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Dollar falls to one-month low on weak U.S. data; trade deal in focus

NEW YORK (Reuters) – The dollar fell to a one-month low on Wednesday, undermined by weaker-than-expected U.S. private sector job growth data that followed soft manufacturing numbers earlier in the week that fuelled worries the world’s largest economy could slip into recession. The U.S. currency also slid to a four-week trough versus the euro and earlier dipped to a two-week […]

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Dollar near one-month low, caught between trade and growth uncertainty

LONDON (Reuters) – The dollar traded near one-month lows on Wednesday as markets remained jittery about the progress of Sino-U.S. trade talks and waited for U.S. data that could show whether the prolonged trade spat is starting to damage consumption in the United States. A Bloomberg report that the two sides were close to agreeing on the amount of tariffs […]

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UK Manufacturing Contracts On Political, Economic Uncertainties

The UK manufacturing downturn continued in November amid the uncertainty caused by the forthcoming general elections and the delay in Brexit, a closely watched survey showed Monday. The headline factory Purchasing Managers’ Index fell to 48.9 from 49.6 in October, according to final data from IHS Markit and Chartered Institute of Procurement & Supply. But the score was above the […]

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Sterling edges down from six-month highs vs. euro as Brexit Party boost ebbs

LONDON (Reuters) – Sterling inched down from six-month highs against the euro and was a touch softer against the dollar on Tuesday, as a boost from the Brexit Party’s decision to not contest previously Conservative-held seats in Britain’s upcoming election faded. The pound rallied as much as 1% versus the dollar on Monday after Brexit Party leader Nigel Farage said […]

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Pound rises as UK escapes recession; bearish bets decline

LONDON (Reuters) – The pound firmed against a weaker dollar on Monday, gathering momentum after data showed the UK economy dodged recession in the third quarter of 2019. Britain’s economy grew at its slowest annual pace in nearly a decade as the global slowdown and Brexit worries hit manufacturing and business investment but the 0.3% growth marked a rebound following […]

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