The dollar took a step back from a two-month high against a basket of major currencies on Wednesday.
*Canadian dollar ends at C $1.3110, or 76.28 U.S. cents. *Loonie touches its weakest since May 24 at C $1.3135. TORONTO, May 31- The Canadian dollar weakened to a one-week low against its U.S. counterpart on Tuesday after Canada's economy accelerated less than forecast and oil fell, while firm U.S. economic data left the door open to interest rate increases by the...
The dollar was mostly flat against a basket of major currencies after U.S. data failed to support expectations for a June or July Fed hike.
BEIJING, May 31- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $81.098 billion as of May 30, from $80.996 billion at the end of April, the country's foreign exchange regulator said on Tuesday.
Valentin Marinov, managing director and head of G10 FX research at Credit Agricole, discusses how today's PCE data will affect the dollar and the Fed.
The dollar reached a one-month high against the yen on Monday, after Fed Chair Janet Yellen fanned expectations the Fed would raise U.S. rates soon.
Tan Teck Leng, FX analyst at UBS Wealth Management, attributes the bank's bullish stance on the greenback to recent positioning data and the chances of a looming U.S. interest rate hike.
BEIJING, May 27- China's trade deficit in services narrowed to $20.3 billion in April from $21 billion in March, the foreign exchange regulator said on Thursday. April's gap was largely led by a $18.3 billion gulf in spending between Chinese who spent more abroad than foreign tourists did in China, data from the State Administration of Foreign Exchange showed.
*G7 criticises N Korea, Russia. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. "Global growth remains moderate and below potential, while risks...
ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers expressed concern on Friday about risks to the world economy and pledged to seek strong, sustainable growth. In a statement ending a two-day G7 summit in central Japan, the leaders also committed to avoiding "competitive devaluation" of their currencies while warning against wild exchange-rate...